Gov. Dannel P. Malloy released details on Charter Communications Inc.’s plan to establish its headquarters in Stamford, with the company getting a $6.5 million in incentives under Connecticut’s “Next Five” program in exchange for employing 200 people here.
Charter is based in St. Louis and is the fourth largest cable operator in the country. CEO Tom Rutledge is a New Canaan resident and previously an executive with Bethpage, N.Y.-based Cablevision and Time Warner Cable, which at the time had its headquarters in Stamford. Charter will maintain a corporate office in St. Louis, but will now call Connecticut home.
“Establishing a corporate presence in Stamford is one of many actions we have taken to position Charter for long-term growth,” Rutledge said, in a prepared statement. “In addition to our cable operations in Connecticut, access to the talent base, the transportation infrastructure, and the proximity to other media headquarters and financial markets made Stamford a logical alternative. The state of Connecticut and Gov. Malloy’s commitment and package of incentives offered made it compelling for us to decide on Stamford.”
Charter is investing $10 million as it takes 70,000 square feet of space at 400 Atlantic St. in Stamford.
