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Electric Boat hiring impacts local economy

New London

WATERFORD, Conn. (WTNH) — The Chamber of Commerce of Eastern Connecticut had to cancel a luncheon Monday with Congressman Joe Courtney because of the government shutdown. However, at Monday morning’s legislative breakfast with Electric Boat, the chamber received very good news.

“Three thousand people is a lot of people so good news,” said Tony Sheriden, President of the Chamber of Commerce of Eastern Connecticut.

That’s how many people Electric Boat president Jeffrey Geiger said were hired last year.

Sheriden shared with News 8, pictures he snapped of Geiger at the breakfast. Along with a graphic showing production of the Virginia Class submarines and the new Columbia class to continue the growth through 2030 and beyond.

“Three thousand people has a significant ripple effect on the community, housing, restaurants,” said Sheriden.

In a bulletin to employees Electric Boat said, “By 2030, the employment level is expected to reach 18,000 across the company. Employment now stands at nearly 16,400.”

“There’s location, location, location. Well now we have timing and location, location, location,” said Tony Sylvestri the developer of the Shipway 221 proposed housing project in New London. “Cause with EB right here and with their expansion we couldn’t be positioned in a better place.”

Both Shipway 221 in New London and The Lofts at Ponemah Mill in Norwich hope to house many of the new hires at EB which is also adding buildings to accommodate the growing workforce and workload.

“This is the biggest infrastructure improvement they’re making in my lifetime for sure,” said Sylvesri. “What does that tell ya? They’re going to be here for a while.”

To welcome all the new people coming to the area, the Chamber of Commerce is starting a concierge program. The program will provide many things, including a three to five minute video letting newcomers know what’s available in the area.

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