FOR IMMEDIATE RELEASE February 14, 2013

Contact: Kristi Sullivan, 860-571-6213

AT&T Impact Equals $26 Billion, 19,000 Jobs for Connecticut Economy
2007-2011 Data Analyzed, Shows Ripple Effects HARTFORD, Conn. Billions of dollars and thousands of jobs. Thats the total annual impact that AT&T has made on Connecticuts economy between 2007 and 2011, according to a study released today by the Connecticut Economic Resource Center, Inc. (CERC). The total annual impact from AT&Ts economic activity in Connecticut from 2007-2011 is estimated to be $26 billion in output including an impact of $16.1 billion in value added. The telecommunication companys impacts from daily operations are estimated to have created more than 19,000 jobs and nearly $1.4 billion in labor income, accounting annually for about 6,000 employees, $3 billion in sales, and average investments in goods and services of more than $245 million during the five-year period. The findings of the report requested by AT&T show the company's direct contributions as well as the indirect effects that ripple throughout the state's economy, said Alissa DeJonge, director of research at CERC. The study also found that 51 percent, or $627 million, of the $1.2 billion in AT&T capital investments made over the five years were spent within the state. These investments resulted in additional sales of goods and services and created an overall impact of $961 million. In addition to the more than 6,000 people AT&T employeed annually between 2007 and 2011, the companys activities are estimated to have provided an additional 13,000 jobs across the state with the largest industry sector being Information. CERC performed the study using an IMPLAN model, which explored the total economic impact of AT&Ts investments at the state level. Based in Rocky Hill, the Connecticut Economic Resource Center, Inc. is a nonprofit corporation and public-private partnership that provides objective research, marketing and economic development resources consistent with making Connecticut a more competitive business environment. For more information, visit www.cerc.com and connect to CERC on Facebook, LinkedIn

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