Welcome to the City of New Haven Economic Development

Connecticut Innovations unveils $250 million plan to create, recruit businesses The state�s quasi-public technology investment agency unveiled a $250 million investment plan Wednesday to create new businesses in Connecticut and recruit them from out of state. Connecticut Innovations will invest $50 million a year in each of the next five years to nurture and recruit promising high-tech companies, agency officials said. Half the money each year will come from the state, with the other half coming from CI�s coffers, which includes money it has received from previous investments.
City of New Haven Announces Incentive Program for Emerging Media Industries The City of New Haven Office of Economic Development and the Economic Development Corporation of New Haven (EDC) are pleased to announce a new tax incentive program for media and entertainment content production industries called "Produce It Here". This state-statute defined program allows the City to offer an incentive to an industry poised for tremendous growth due to New Haven's established creative economy, tech-savvy entrepreneurs, and geographic proximity to entertainment and media industry hubs. This program is administered in cooperation with State of Connecticut Department of Community and Economic Development.
Yale Draws Interest to New Haven's Center For more than half a century, the downtown central business district of New Haven, Conn., was a blighted area that students from the nearby Yale University campus routinely avoided. Today, the area is undergoing a renaissance�reversing a flight to the suburbs and bringing people back to the city for jobs, restaurants and new housing options that have hit the market over the past year.
Downtown need a makeover? More cities are razing urban highways. Removal of aging highways is a strategy some cities are using to try to boost their downtown districts. In New Haven, Conn., a mistake of the past � one that displaced hundreds, razed a neighborhood, and physically divided a city � is finally set to be rectified: A highway is going to be demolished.
New Haven Promise Public high school students in New Haven now has a college funding program unique to New Haven: free tuition. New Haven Promise, a program funded by Yale, in collaboration with the City of New Haven and Board of Education, would offer to pay eligible students� way through any public college or university in Connecticut. The program will also pay up to $2,500 a year to those who attend a private college in the state.
New Haven Has the Lowest Apartment Vacancy Rates From Bloomberg.com: U.S. apartment vacancies dropped for the first time in almost three years in the third quarter, suggesting the trend of people moving in with family or friends might be abating, Reis Inc. said today...
Aldermen Set TIGER Free Despite two last-minute attempts to modify the plan, the Board of Aldermen voted Monday night to approve a $16 million federal grant that will provide for a major overhaul to the Route 34 corridor.
New Haven Wins $16M in Tiger II Funds The city beat the odds and won a highly competitive federal grant Friday that will be used to replace the Route 34 highway connector, reclaim land and knit neighborhoods back together, reversing damage done a half-century ago. The $16 million in TIGER II funds will underwrite infrastructure changes that will allow a proposed $140 million biotech and lab research building to be constructed just in front of the Air Rights Garage by developer Carter Winstanley of Massachusetts, with work expected to begin in 2011.
New Haven's Apartment Hot Spot New Haven, home to Yale University, led the nation with the lowest percentage of apartment vacancies at the end of September, Bloomberg news reports... New Haven had the lowest vacancy rate in the third quarter, at 2.3 percent, followed by New York City; Long Island, New York; San Jose; and Central New Jersey, according to Reis.
Governor M. Jodi Rell Announces Higher One Inc. Growth Plans Governor M. Jodi Rell today announced that New Haven-based Higher One Inc. (NYSE:ONE) plans to expand its operations in Science Park, a move that ensures continued investment in the former industrial property, retains 165 jobs and will eventually create 203 new positions. Higher One, a technology and payment services company focused on higher education, currently occupies building No. 25 at Science Park, a business incubator located at the former Winchester Repeating Arms Co. site.
New Haven gets a new 'Start' A new community bank, based in New Haven, will soon open its doors. One of its promises is to extend more credit to small business to help jump-start the economy. Beaming with pride and enthusiasm, the president and CEO of the new Start Community Bank says this financial institution will be different.
Prometheus Research Makes Into 100 Fastest Inner City Companies The City of New Haven congradulates Prometheus Research on being named one of the 100 Fastest Growing Inner City Companies by Initiative for a Competitive Inner City. Annually ICIC.ORG receives nominations from U.S. cities for this competitive honor. Also, Prometheus has recently chosen to make its headquarters in downtown New Haven at 55 Church Street. Congradulations Prometheus!"