Major Connecticut-based corporations are decamping to other states, reducing their in-state footprint, or being acquired by out-of-state firms, including, most recently, the merger of the Massachusetts-based Raytheon Company with the Connecticut-based United Technologies, with the new company to be headquartered in the Boston area.[16] Here too, relocations are not primarily to the Sun Belt, but toward places like New York City, Boston, and Chicago. [read post]