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    City of New Haven Economic Development

    Growing New Haven's Economy | New Haven News



    2009


    Is a Healthy Frito on the Way?

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    www.westfaironline.com

    (12/18/2009) From Westchester County Business Journal"Purchase-based PepsiCo Inc. opened a research lab in New Haven, Conn., focused on developing healthier foods and beverages, its fifth such facility in the U.S. The company owns Frito-Lay, Quaker and Tropicana, among other brands.PepsiCo touted the lab as part of a shift to fundamentally improve the nutritional profile of its product portfolio, adding that in the past two years it has added world-renowned scientists and experts in nutrition, food safety, ...
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    Locally Grown Startup Highlight

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    (12/16/2009) Article from Businessweek.comBy John Tozzi (posted on Dec. 15, 2009)Municipal Complaints Made EasierSeeClickFixJeff Blasius, Ben Berkowitz, Miles Lasater, Kam LasaterBen Berkowitz got nowhere when he called City Hall two years ago to report graffiti in his neighborhood in New Haven, Conn. His frustration became the seed for SeeClickFix, a Web site where citizens can flag such problems as graffiti and potholes to authorities. Berkowitz, a 30-year-old Web developer, and three friends ...
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    Vacancy Rate Down

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    (12/16/2009) Article in New Haven Register (Oct. 21, 2009)By Cara Baruzzi, Register Business EditorNEW HAVEN — Despite a recession that has taken a toll on the office real estate market elsewhere in the state and country, the city has less vacant office space than it did a year ago, according to the latest quarterly report from Colliers Dow & Condon.In the third quarter, New Haven had a vacancy rate of 10.6 percent, down from 13.7 percent in the third quarter of 2008. The report from Colliers Dow ...
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    CITY CELEBRATES TOPPING-OFF OF 360 STATE DEVELOPMENT

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    (12/11/2009) NEW HAVEN- Today marks a significant milestone in the construction of the 360 State Street Project, as the City celebrates the “topping-off” of the building’s 32 stories of steel framing. The $190 million, 700,000 square foot mixed-use development, when completed, will be the second tallest building in New Haven. This LEED Platinum development will be host to 500 apartment units and a full service grocery store. Apartments at 360 State will be ready for occupancy by Summer 2010. In building ...
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    New Haven Chosen in Top 15 of US News Cities for Commuting

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    (From US News, Nov. 11, 2009)

    (11/13/2009) 15 Cities for People Who Hate Driving and Long Commutes Where to go if you don''t want to spend a lot of time behind the wheel By Matthew Bandyk Even though the recession has made it hard to move, many Americans are still trying to flee their cul-de-sacs and long freeway commutes for walkable neighborhoods closer to public transportation and their jobs.Patrick Lashinsky, chief executive of real estate website Ziprealty.com, says that demand for homes in these types of neighborhoods has ...
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    Kolltan Pharmaceuticals Adds $5 Million to Close Series A Financing

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    Kolltan Pharmaceuticals, Inc. -- 300 George St, Suite 530, New Haven, CT 06511

    (8/19/2009) Kolltan closes its Series A preferred stock financing at $40 millionNEW HAVEN, CT – August 18, 2009 - Kolltan Pharmaceuticals, Inc. announced today that it has raised an additional $5 million to close its Series A preferred stock financing at $40 million. Participants in the Series A financing, originally announced in January 2009, include Purdue Pharma, L.P., HBM BioCapital L.P., the Pritzker/Vlock family, and other substantial private life science investors.Kolltan is a next-generation ...
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    Hotels Signal Growth in New Haven

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    (7/16/2009) By ERIC GERSHON The Hartford CourantJuly 14, 2009Hotel developers have delayed, scrapped and revised projects across America as the recession has scared off guests and financiers, but they're forging ahead in Connecticut's third biggest city.Downtown New Haven hadn't seen a major new hotel in decades until last November, when The Study, a 124-room hotel, opened on Chapel Street, a few blocks from the city green. These days The Study appears to be on the leading edge of an Elm City hotel ...
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    Cupcake Truck

    The Cupcake Truck makes news beyond New Haven
    The Cupcake Truck makes news beyond New Haven

    (6/30/2009) Another best kept secret is right here in New Haven. Want to know what it is... check this article below.
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    New Haven on Top During Economic Recovery

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    Brookings ranked New Haven in top 20 recovering metros

    (6/30/2009) Recent news agencies, like NPR, have been sharing some positive news on the economic recovery front. And New Haven's got some share of this positive news. The Brookings Institute recently studied the 100 largest metro areas in the US to analyze economic conditions and recovery rates in the midst of this recessiion. New Haven is listed within the top 20 metropolitan areas with the healtiest rebound and ranked first in employment recovery. Check it out at the link below, or download the article ...
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    US Airways City Profile

    Photo: courtesy of US Airways Magazine
    Photo: courtesy of US Airways Magazine

    (5/31/2009) New Haven recognized as a destination city by US Airways Magazine. Check out the story link below.
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    Come to New Haven this Summer

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    Timeout article

    (5/14/2009) BEST WEEKEND TO GO: June 20—21DISTANCE: 79.6 mi – about 1 hour 37 mins (up to 2 hours 10 mins in traffic)WHY GO: So what if you didn’t get into Yale? Every year, you can still hobnob with the high IQ’d at the International Festival of Arts & Ideas (888-ART-IDEA, artidea.org; June 13–27), which brings theater, dance and musical performers—as well as leading intellectual lights—to venues in and around the 16-acre New Haven Green. While the highbrow programming of the two-week fest reflects ...
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    Dining in New Haven

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    Article from NY Times April 12, 2009

    (4/13/2009) By STEPHANIE LYNESSPublished: April 10, 2009A SURE sign that New Haven is coming up in the world is the opening this past October of its first upscale, themed boutique hotel, the Study at Yale.The Study occupies the 1961 building that was once the Colony Inn on Chapel Street. It has been renovated in wood, bronze, stone and glass, with soft color tones, and has the hushed comfort of a private library. From the comfy leather chairs, reading lamps and artfully composed bookshelves in the ...
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    Travel - Lodging in New Haven

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    April 12, 2009 Article from Boston Globle

    (4/12/2009) By Patricia Harris and David LyonGlobe Correspondents / April 12, 2009NEW HAVEN - When we finished checking in at The Study at Yale, the desk clerk handed each of us an electronic door key and a bookmark bearing the hotel logo: a pair of eyeglasses. It was the first hint that this lodging has a light-hearted attitude about its location amid the bustle of academic life.The Study at Yale1157 Chapel St., New Haven203-503-3900, 866-930-1157www.studyhotels.comWhat we liked most: Large, ...
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    Yale Nurtures Elm City Bloom

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    April 12, 2009 from the Hartford Courant

    (4/12/2009) Tom Condon April 12, 2009Driving south on I-91 into New Haven one day last week, I looked toward downtown and was surprised to see a couple of construction cranes. Hey, haven't you people heard? Recession? Fun's over? Been in all the papers?Actually, the recession has been felt in the Elm City, and some construction projects have been postponed. But this is the home of Yale University, and there is still hundreds of millions of dollars worth of building going on. And though it wasn't ...
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    New Haven Commercial Market Digs In

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    (4/9/2009) New Haven Commercial Market Digs InInstitution-dominated Elm City weathers recession better than some By: Karen Singer Business New Haven The commercial real estate market in New Haven County has not fared as poorly as other places in recent months, but the recession is taking a toll.Building sales are down. Retail is in retreat, and other areas are sluggish."Clearly the amount of deal activity, both leasing and sales, has slowed, but we have definitely not ...
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    The Yale Effect Spreads Out

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    Image map curtesy of The New York Times

    (3/29/2009) NEW HAVEN — The corner of State and Chapel Streets was a dead spot in the central retail corridor here when economic development officials began soliciting proposals for the site in August 2006. Once home to a department store, the partially paved lot had been vacant for decades, contributing nothing but parking.With downtown on the upswing, however, it was easier for developers to imagine new possibilities. If this particular corner lacked vibrancy, one had only to stroll a few blocks up or ...
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