People from all around the State of Connecticut came together today to celebrate the opening of Fifth Street on West Putnam Ave. in Greenwich.
"Fifth Street is a very innovative, very rapidly growing, financial services industry. Of course in this part of Connecticut in Fairfield County, we have all kinds of financial services," said Congressman Jim Himes.
"Fifth Street lends money to small and mid-size businesses mainly in conjunction with private equity sponsors. Think about a 100 million dollar company you buy a private equity sponsor puts up 40 millions dollars and we lend them 60 million t helped hem buy that company and grow it," said Fifth Street CEO Leonard Tannenbaum.
The company just moved its national headquarters to Greenwich from White Plains.
"We are really happy about the Connecticut climate in terms of helping business. The Governor went out there and said, 'We can help you and build and grow your business,' so we can cut through some od the red tape," said Tannenbaum.
Fifth Street employes over 80 people right now, and is looking to increase that number to 100 by the end of the year. This will help the Greenwich and Connecticut economy thrive.
"It's a real advantage for our area. It's an industry that's really essential, and of course, the people who are in it eat in the restaurants, they live here, they shop here. So, we are delighted to have Fifth Street up from New York," said Himes.
The new headquarters is the 44,000 square foot third floor of the old Nestle Waters building.