July 30, 2018
Professional Services

'Big Four' firm to remain in downtown Hartford home

Keith Hubert, Managing Partner, Hartford, Pricewaterhouse-Coopers

While PricewaterhouseCoopers' upcoming $20 million expansion in Stamford got headlines in May, a recent bit of Connecticut news at the Big Four accounting and consulting firm flew under the radar.

PwC confirmed to the Hartford Business Journal that it will keep its CityPlace I downtown Hartford office for at least the next seven-and-a-half-years, following a recent reup of its lease agreement on July 1.

PwC, which counts many big and publicly traded companies as clients, says it has 408 employees working out of the 185 Asylum St. tower's 23rd and 24th floors. Part of its space is being renovated to include a video conference room, boardroom, cafe, mother's room and an innovation center for digital collaborations.

The international company, which is based in London and has about 80 U.S. offices, has housed its Hartford market outpost at CityPlace since 2007, when it moved from nearby 100 Pearl St.

"Remaining at CityPlace was a strategic decision reflecting our commitment to our more than 400 local employees, our valued clients and to the city of Hartford," said Keith Hubert, PwC's Hartford managing partner. "Our goal is to create a dynamic space that reflects the evolution in the way our people interact, collaborate, and get things done — from concept through creation, delivery and beyond."

Employees in Hartford work with clients from Greater Hartford and parts of western Massachusetts.

PwC and Gov. Dannel P. Malloy's office announced in May that the firm would add 400 jobs at its Stamford hub as part of a $20 million expansion that's partially backed by state incentives.

In July, fellow Big Four competitor KPMG said it would add 110 jobs in Stamford, also aided by state incentives. In 2012, Malloy said his administration would provide upwards of $14.5 million in grants to another Big Four firm, Deloitte, which pledged to create 200 to 500 new jobs and retain 1,153 across its Hartford, Stamford and Wilton locations.

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