BRAZILIAN HUB IN CONNECTICUT

THE PROJECT

Hub55 provides structure for the installation and development of Brazilian companies in the United States. From the furnished office, affiliated companies have access to administrative support, customized services, access to the entire East Coast market of the United States and Canada (2 million businesses within a 500-mile radius), and an extensive networking with associations, government and business development entities.
The project was made possible by the consultant representing the state in the attraction of investments in Brazil, Paseli Consulting, through a partnership with the Association for the Promotion of Excellence in Brazilian Software (Softex), the Brazilian Association of the Medical and Dental Equipment Industry (Abimo ), São José dos Campos Technology Park and the support from the Connecticut Department of Economic and Community Development (DECD), Connecticut Economic Resource Center (CERC), Biomedical Engineering Alliance & Consortium (Beacon) and Ministry of Science, Technology, Innovation And Communications of Brazil (MCTIC).

  • LOCATION

    195 Church Street, New Haven, Connecticut
    On the campus of Yale University. Located 2 hours from New York and Boston, New Haven is a multicultural city with 50 schools and 600 dining options.

  • HOW TO REGISTER INTEREST:

    The period for registration and formalization of interest of companies wishing to be installed in HUB55 is open. Leave your information and we will contact you!

WHY CONNECTICUT?

The state of Connecticut is one of North America's premier business corridors, located less than two hours by car from New York and Boston and very close to Canada's largest centers in Ontario and Quebec. Solid economy, clear rules, aggressive financial incentives, skilled labor, and prime location are some of the attractions that have made Brazilian companies choose to settle in Connecticut. The support provided to entrepreneurs by the government, both in the US and Brazil, is also a differential in choosing the location of the future company.

Financial Incentives

The state of Connecticut has several incentive programs for expansion through flexible rate loans and terms; Debt forgiveness based on job creation rates and projects with strong development potential; Funding opportunities with state participation in conjunction with credit institutions; Local and regional network of state lending funds for assistance of companies with financial needs.

Other data

  • LOCATION

    In the northeastern US, between New York and Boston.

  • POPULATION

    3.5 million people

  • GDP

    US $ 250.6 billion (2014)

  • WORKFORCE

    1.9 million people with high educational level, productivity and dynamism

  • MAJOR CITIES

    Hartford, Stamford, New Haven, Bridgeport, Waterbury, New London

  • QUALITY OF LIFE

    Lower US poverty rate, lower smoking rate, lower obesity rate, lower infant mortality and property crimes rates, higher numbers of physicians per capita

  • MAIN INDUSTRIAL SECTORS

    Aerospace and defense, biotechnology, financial and insurance services, precision manufacturing, medical devices, and digital media.

  • SOME NORTH AMERICAN COMPANIES SEDIATED IN THE STATE

    United Technologies Corporation, GE, Xerox, Aetna, Stanley Works

  • SOME FOREIGN COMPANIES INVESTING IN THE STATE

    Alstom, BIC, Volvo Aero, ING, MTU, UBS, Permasteelisa Group

Why Internationalize

Reasons

Increased brand value through international presence; Greater customer service and response capabilities for global customers; Differentiation from domestic and / or less internationalized competitors; Proximity with its final consumers; Reducing risks by diversifying markets; Access to cheaper factors of production; Economics of scale.

Benefits

Acquisition of new knowledge and expertise; Elevation of the technical level; Development of new products / services; Diversification of source of income from the country of origin and abroad; Greater control over distribution channels and sales in the foreign market.

REGISTER HERE