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Hartford Courant: Malloy Says Financial Tech Company Will Relocate To Former UConn Campus In West Hartford, Creating 330 Jobs

Sam Belden

Sam Belden

A digital financial technology company, Seven Stars Cloud Group, plans to move its global headquarters for technology and innovation to the former UConn campus in West Hartford, Gov. Dannel P. Malloy announced Tuesday.

The New York company led by a Chinese billionaire plans to bring 330 jobs to the nearly 58-acre campus over the next five years, Malloy said. Under the deal, Seven Stars Cloud would purchase the property from UConn for $5.2 million.

The now-empty college campus would become a “thriving center for research, training and business development,’’ Malloy said at a state Capitol press conference with Bruno Wu, executive chairman and CEO of Seven Stars. UConn will consider the sale of the property at a special meeting on Friday. The town of West Hartford must also approve the project.

“We will use our best efforts to deploy some of the best technologies worldwide,’’ Wu said. “Hartford has always been part of the financial capital. The digital economy is about to take over.”

He said the company plans a $283 million tech hub for blockchain technology and artificial intelligence. “We are going to be creating a lot of jobs and at the same time making at lot of investments,’’ Wu said.

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