NORWALK, Conn. -- The Xerox Corp. has reached a deal with the state to keep its headquarters in Norwalk, retaining 150 jobs and possible adding between 20 and 40 new jobs over the next four years.
Xerox has been located in Norwalk since 2008. The new partnership was announced Friday by Gov. Dannel P. Malloy.
“The Xerox Corporation’s announcement removes all uncertainty regarding the location of the company’s headquarters,” said Malloy. “Today’s news guarantees that Xerox will continue to invest in the state, contribute to the community, and create high-paying jobs where it has called home for nearly five decades.”
Under the new deal, the Department of Economic and Community Development will provide a 10-year, $4.4 million low-interest loan for Xerox to purchase new equipment and make leasehold improvements in its new headquarters in Building 201 in the Merritt 7 Corporate Park in Norwalk.
“Xerox has been headquartered in Connecticut for almost 50 years and with this decision, will continue to be part of the economic fabric of this state,” said Xerox CFO Leslie Varon.
“Though Xerox is a global company with access to facilities across the country and throughout the world, it chose to remain in Connecticut,” said DECD Commissioner Catherine Smith. “To have a valued headquarter employer like Xerox commit to stay in the state speaks highly of the strength of our talent pool, quality of life, location, and current business environment. We are proud to have such an iconic organization choose Connecticut.”
Earlier in the year, Xerox announced it was separating its printer-copier business from its other contract services like toll-booth software and call centers. Xerox will remain in Norwalk, while the business services component, now named Conduent, will move to New Jersey.
“Having a global brand like Xerox headquartered in Norwalk has always been a huge source of pride for the city,” said State Senate Majority Leader Bob Duff (D-Norwalk). “Building and strengthening Connecticut’s relationship with Xerox will help the company expand and ensure that good jobs remain in our community. Today is a good day for Norwalk and a good day for Connecticut.”
“This is great news not only for Norwalk, but also for all of Connecticut,” said State Rep. Bruce Morris (D-Norwalk). “Saving as well as creating jobs is one of our highest priorities and will ensure our future well-being and success as a state. I greatly appreciate everyone who has worked to make this agreement possible.”
“I would like to thank the Governor and DECD for their work to keep Xerox in Norwalk,” said Mayor Harry Rilling. “Xerox is one of the city’s most valued employers and we are thrilled that they have decided to continue to call Norwalk home.”
Xerox has approximately 39,000 employees and serves customers in 160 countries.