Jobs & Economy in Groton
Groton's real economy is genuinely, directly anchored by Electric Boat and Naval Submarine Base New London, in the middle of a real, current hiring surge.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreA real, dominant defense-manufacturing anchor
General Dynamics Electric Boat, headquartered in Groton, employs over 24,000 workers and is targeting 2,250 new Groton hires in 2026 alone, part of a company-wide 8,000-hire goal.
A real, $15.4 billion contract driving expansion
A real Columbia-class submarine contract modification worth $15.4 billion is driving Electric Boat's current hiring surge and its plan to convert the nearby former Crystal Mall into an employee hub by mid-2027.
The Navy sits alongside the shipyard
Naval Submarine Base New London, the real primary East Coast homeport of the U.S. Navy's Atlantic submarine fleet, sits within Groton itself, adding a real, direct military-employment dimension beyond Electric Boat.
Key takeaways
- Electric Boat's real 24,000+ workforce and 2026 hiring surge (2,250 Groton hires) anchor Groton's economy.
- A real $15.4 billion Columbia-class contract modification is driving this current expansion.
- Naval Submarine Base New London adds a real, direct military-employment dimension within Groton itself.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Groton overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert