ITT Inc. To Move Global Headquarters To Stamford

STAMFORD, CT — ITT Inc., a leading global manufacturer and technology company, is relocating its corporate headquarters from White Plains, N.Y., to Stamford. Gov. Ned Lamont made the announcement on Friday.

The global company, which employs approximately 9,700 people in more than 35 countries, manufactures highly engineered components and develops customized technology solutions for the transportation, industrial, and oil and gas markets. The new 24,000 square foot headquarters will be located at 100 Washington Blvd. in Stamford. The move brings 57 jobs to the state.

"Our administration has been laser-focused on doing everything we can to get Connecticut’s economy growing again, and having a company with a worldwide reputation like ITT deciding to move their global headquarters to our state is nothing but a win," Lamont said in a news release on Friday. "I appreciate the team at ITT, including CEO Luca Savi, on selecting Connecticut, and I look forward to having a strong working relationship as this company continues to grow here."

Savi said he was "excited to begin a new chapter at ITT in the vibrant city of Stamford."

"Stamford’s rich history and prime location will provide the perfect home for our new global headquarters and will allow us to grow and build upon ITT’s long history," Savi added. "As a global manufacturer and developer of highly engineered components and technology, we are confident that our newly designed space will inspire innovation and collaboration and provide better solutions to serve our customers. We look forward to our move later this year."

The state is supporting the move by providing a grant in arrears up to $1.9 million, contingent on ITT creating and retaining up to 57 new full-time jobs.

Mayor David Martin said in the news release that Stamford is an ideal location for a corporate headquarters.

"The city offers the critically important resources that a company needs, including an innovative culture, a highly skilled and well-educated workforce, great transportation options, and a wonderfully diverse community that meets a broad range of needs and interests. The move is an example of the high-quality companies and jobs the city and the state have been working together to attract to the region, and I am proud to welcome them to Stamford," Martin added in the news release.

This news comes on the heels of Philip Morris announcing a move to Connecticut, as well as iCapital Network, which is moving from New York City to Greenwich.