Philip Morris to bring about 200 jobs to Connecticut with new HQ in Stamford

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Philip Morris International PM, -0.80% said Monday it is planning to locate is new corporate headquarters in the heart of Stamford, Conn., and expects it to open in the summer of 2022. The company is expecting to bring about 200 jobs to the state with a total economic impact of about $50 million in 2022. The new headquarters will have 71,484 square feet and be located in the central business district, close to both the Stamford Transportation Center and an entrance to I-95. Shares were slightly lower premarket but have gained 13.9% to date in 2921, while the S&P 500 SPX, +0.04% has gained 25%.

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