The South Central region’s focus starts with the companies and activities that make up the region’s economic base, exporting goods and services that drive job creation and import wealth into the region. These clusters and economic drivers leverage innovations that improve productivity in the region and around the world and create new market opportunities. The South Central region has targeted the following clusters and economic drivers for its economic development activities:
The region is home to eight colleges and universities, including two law schools, two medical schools and a world renowned university. Although not a true cluster, the education sector is a main economic driver, producing a well-educated workforce, while employing over 15,000 people and having a total economic impact of over $1.5 billion.
The healthcare industry is one of the strongest in the region, being one of two industry sectors that increased employment over the last two years. The region is home to the 4th largest hospital system in the nation and is driven through innovation and research.
ADVANCED MANUFACTURING & MATERIALS
The region, built upon a strong manufacturing base, abounds with small manufacturers utilizing highly-skilled workers to produce precision, high value-added products. With a high concentration of employees compared to the nation, of particular strength in the region is primary and fabricated metal manufacturing; electrical equipment and electronic component manufacturing; and medical device manufacturing.
With nearly 60,000 employees working in this industry cluster, including healthcare workers, it is one of the strongest in the region. With world class institutional and academic assets to leverage, this region has become a focus of biomedical expertise and development.
ARTS, ENTERTAINMENT AND TOURISM
The South Central region serves as the creative capital of Connecticut, boasting world-class theater and museums, extraordinary artistic, design and creative talent, and natural and cultural attractions in every town.
BUSINESS AND FINANCIAL SERVICES
With almost 85% of the region’s economy being service oriented, this cluster employees a little over 22,000 people and provides direct support services to other industry clusters.
Built upon a sustainable agricultural base, this industry cluster includes farming, agricultural research, food manufacturing and ag-bio technology and services.