In 2006, the MetroHartford Alliance hired AngelouEconomics to conduct a Comprehensive Economic Development Strategy (CEDS) in order to analyze the 35-town region’s assets and liabilities. One of the Metro Hartford region’s oldest and most enduring industries is the insurance and financial services sector and includes such companies as The Hartford Financial Services Group, ING Group, St. Paul Travelers and The Advest Group/AXA Financial. The Metro Hartford area is also known for its highly educated and skilled population with productivity 6 percent above the national average.
The region’s new economic strategy analyzed, in detail, industry sectors that would provide the economic return needed to sustain and elevate the exceptional character of the Hartford region well into the future. The AE team provided the MetroHartford Alliance with an evaluation of existing clusters and the region’s economic performance within those clusters, identification of emerging industries to target, and outlined market-based goals and objectives for maintaining a strong future economy. Implementation began in May 2006.