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In January 2005, the company sold its human-resources outsourcing unit to Electronic Data Systems (EDS) for $420 million. [6] In addition, ExcellerateHRO, a venture owned 85% by EDS and 15% by the company was formed to provide HR-related outsourcing services as work force administration, employee recruitment and relocation, as well as ...
Stamford (/ ˈ s t æ m f ər d /) is a city in Fairfield County, Connecticut, United States, 34 miles (55 kilometers) outside of New York City. It is the sixth-most populous city in New England. Stamford is also the largest city in the Western Connecticut Planning Region, and Connecticut's second-most populous city, behind Bridgeport.
Stamford retains its strong-mayor form of government today. [1] The mayor appoints the departments heads, acts as chief executive officer of the city, and is responsible for presenting the budget to the board of finance, city council, and planning board. [1] The city council approves the budget and passes ordinances and resolutions. [1]
He is a lifelong Stamford resident whose grandchildren represent the fifth generation of his family in the city. He is the founder, Owner, and Director of Pavia Development LLC, a Stamford-based residential , commercial real estate managing, and construction business.
The economy of Stamford, Connecticut is robust and is considered an anomaly for having a large number of corporate headquarters in a city of its size. In the 1980s and 90s, Stamford had the third highest concentration of Fortune 500 companies in the country, with 18 companies headquartered in the city.
In 2001, the city began a renovation project, partly funded by state grants. [3] The City of Stamford established the Old Town Hall Redevelopment Agency in 2006 to oversee three limited-liability corporations to whom ownership of the building was transferred as part of the project. [3] The renovation was completed in 2010.
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The introduction of train service in Stamford improved access to the city, helped develop its industry, and attracted immigrants. [13] Stamford's population grew from about 5,000 in 1850 to 11,000 in 1880. [13]
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