May 24, 2018

PwC expansion to create 400 CT jobs

Accounting and consulting firm PricewaterhouseCoopers (PwC) will spend $20 million in a hiring effort expected to create 400 new jobs in Connecticut over the next five years, the governor announced Thursday.

Gov. Dannel P. Malloy said PwC will establish its Insourced Solutions for Tax (IST) division headquarters in Stamford at 300 Atlantic St. PwC currently has offices in Stamford and Hartford.

Malloy said the state Department of Economic and Community Development (DECD) will kick in up to $9 million in grants for training, equipment and leasehold improvements in Stamford. The grants will be distributed over the five-year-period.

"This is one of the largest professional services firms in the world, and we are thrilled that they have decided to establish this new strategic headquarters in Connecticut. We look forward to having them as part of our business community and seeing the company continue to grow its presence in our state," Malloy said.

PwC has the largest global tax practice with a network of 41,000 tax professionals in 157 countries.

Founded in 1998, PwC was created through a merger between Price Waterhouse and Coopers & Lybrand. Together, the companies focus on assurance, tax and advisory services.

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