As part of the metro New York economy, the region is remarkably diverse. Advanced manufacturing, financial services, professional services and health care top the employment categories in the region. While eleven Fortune 500 corporations call Fairfield County home, there has also been considerable growth in small business.
Considered a ‘global neighborhood’ within the global capital that is New York, the county boasts a diverse, skilled and mobile workforce. According to Forbes, the county ranks 8th in the nation for education, with over 45% of residents holding a bachelor’s degree or higher. Interestingly, 52% of bachelor’s degree holders are from out of state and almost 20% are foreign born. In Stamford, the largest by workforce in the county, over 30% of bachelor’s holders are foreign born.
From urban lofts to suburban homes, the region provides a wide variety of housing options. The region provides both the charm of distinctly individual New England cities and towns while being just 40 -60 miles from Manhattan.
Such proximity allows almost 57,000 Fairfield County residents to work in New York State, while 36,000 New York residents make the commute into Fairfield County. The region is served by mass transit, interstate highways and picturesque parkways. As reverse commuting into the region accelerates, Stamford’s Transportation Center has become the busiest station outside of Grand Central on Metro-North’s New Haven line.
About the Fairfield County Information Exchange
The Fairfield County Information Exchange was launched in 1990 by The Business Council of Fairfield County. It has become a respected source for information on the issues and trends related to the region’s marketplace, its workers, industries, and economic development challenges.
The Information Exchange is supported by corporations located throughout the county, in addition to a network of public officials, CEOs, public, private and non-profit leaders from throughout the 23-town region, and the state department of economic development.
The Exchange also distributes periodic reports analyzing the region’s economic development assets, as well as its challenges. Past reports have focused on the region’s job recovery, higher education institutions, regional airports, transportation patterns, cost of business improvements, trends in employment, housing, retail sales, office space, and other economic benchmarks, as well as an annual report on companies relocating to Fairfield County. Information Exchange analysis has led to articles in national, regional and local publications, such as Business Week, The New York Times, Connecticut Magazine, and The Advocate in Stamford.
The Exchange also produces events highlighting economic issues and trends in the county. Past speakers included the president as well as the senior economist of The Federal Reserve Bank of New York, noted regional economists, in addition to the president of The Nasdaq Stock Market.