A string of recent announcements promising jobs and private investment have raised hope that Hartford will become a hub for innovation in financial technology.
Stretching from one of the city’s oldest companies, Aetna, which is evolving into a digital health company, to a New York firm that plans to bring blockchain technology to West Hartford, to an Indian software giant that has selected Hartford for a regional headquarters, the developments offer a vision of a different future for a state mired in a stagnant economy that has largely failed to create jobs and attract new investment.
In the latest news, Seven Stars Cloud Group, a digital financial technology company, said last week that it would spend $283 million over the next five years to create a tech hub at the former UConn regional campus in West Hartford to develop services around artificial intelligence and blockchain, a secure tool for storing and sharing data. In the spring, Infosys announced it would create a regional tech and innovation hub in Hartford and hire 1,000 employees for its information technology and consulting business. Both companies will receive millions of dollars in state incentives.
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