One Reservoir Corporate Center is a prestigious business address in the heart of Shelton's office park area, and the building has a well-appointed reception area. The building is on a prominent corner plot and overlooks landscaped green space. With its low taxes and commitment to the best business services for lowest possible cost, Shelton is a magnet for new corporate development. Over the past 10 years, 800 new businesses and companies have relocated here, adding more than 7,400 new jobs. Just 90 minutes from New York by rail or road, Shelton has been described as the 'unofficial Silicon Valley of Connecticut'. Some of the more prominent companies with a major presence here include insurers, media research firms, data and technology companies such as Prudential and Bic Corporation .