A Fortune 500 company is set to shift its corporate headquarters to Stamford from St Louis. Governor Dannel Malloy made an announcement yesterday afternoon that Charter Communications, which is the fourth biggest cable operator in the whole of the United States, intends to move its headquarters to 400 Atlantic Street in downtown Stamford, which is a space of 70,000 square feet.
Charter Communications offers high speed internet, telephone and video services to around 5.2 million business and residential customers in 25 states, according to the company’s website. The company is set to invest over $10 million and create more than 200 jobs in the area. “Connecticut is competing at every opportunity to attract and retain good paying jobs with good benefits and strengthen our position in key industry sectors in the process,” Malloy says. “Charter’s decision to make Stamford its headquarters serves both of these objectives.”
The president and chief executive officer of Charter Communications, Tom Rutledge, expressed his appreciation to all of the outreach that the state and the city have given to his firm. “We knew that we wanted to move to the New York metro region,” he says.
Rutledge went on to comment that having a corporate presence in Stamford is one of a number of actions that his company has taken in order to position Charter Communications for growth in the long term, with Stamford being a logical alternative thanks to its transportation infrastructure and closeness to financial markets and other media headquarters.