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The Connecticut Enterprise Zone Program 2005 Annual Report

The Connecticut Enterprise Zone Program 2005 Annual Report. Department of Economic & Community Development Office of Business & Industry Development Holly Campo de la Vera, Executive Director. Table of Contents. 1. Introduction Page 3

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The Connecticut Enterprise Zone Program 2005 Annual Report

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  1. The Connecticut Enterprise Zone Program 2005 Annual Report Department of Economic & Community Development Office of Business & Industry Development Holly Campo de la Vera, Executive Director

  2. Table of Contents 1. Introduction Page 3 2. Overview of Enterprise Zone Program Pages 4-5 3. 2005 Program Quick Facts Page 6 4. Certifications By Municipality and Program Page 7 5. 2005 Statistical Summary Page 8 Exhibit A-2005 Certifications by Facility Type

  3. I N T R O D U C T I O N 2005 Annual Report of the Enterprise Zone and Related Programs In 2005 forty-eight (48) companies were certified for Enterprise Zone and related incentive benefits. Thirty-three (33) pre-applications were received and reviewed in anticipation of certifications in 2006. The gross floor space of all the projects certified in 2005 was 2,414,706 square feet. In addition,1,350 jobs were retained and 1,149 new positions were projected by certified businesses. The most active municipalities for 2005 were the cities of Waterbury, Bridgeport and Norwalk with a total of 18 new certifications. These represent 499,541 square feet and 310 new jobs in these distressed communities. There are an additional 7 pre-applications for 2006 currently in the pipeline for these communities. Attached is a complete tabulation of activity on these programs by project type and municipality. The Enterprise Zone Program’s staff consists of Jerry Morrison, Director and Anne Karas, Program Manager. Additional staff support is provided by Edward Bona from the Office of Business & Industry Development (OBID). The Enterprise Zone Program’s webpage is accessed at www.ct.gov/ecd. 3

  4. Connecticut Enterprise Zone Programs • ELIGIBLE CLIENTS: • Manufacturers • Warehousing Distribution • Certain Service Sector Businesses • Entertainment Related Businesses

  5. Enterprise Zone Programs • Enterprise Zones (EZ)Bridgeport, Bristol, East Hartford, Groton, Hamden, Hartford, Meriden, Middletown, New Britain, New Haven, New London, Norwalk, Norwich, Southington, Stamford, Waterbury, Windham • Urban Jobs Program (UJ)All communities with Enterprise Zones in areas outside the Enterprise Zone • Qualified Manufacturing Plants (QMP) • Entertainment Districts (ED) • Railroad Depot Zones (RDZ) • Enterprise Corridor Zone (ECZ) • Manufacturing Plant Zone (MPZ) • Contiguous Municipality Zone (CMZ) • Defense Plant Zone (DPZ)

  6. QUICK FACTS • 1. This year 48 companies located or expanded in eligible municipalities and were certified by DECD for incentive benefits under Enterprise Zone related programs. • 2. 2,414,706 square feet of new or leased building floor space was certified under the Enterprise Zone Program in 2005. • 3. 1,350 jobs were retained and 1,149 new jobs were projected by certified businesses. • During the 2005 Legislative Session, Enterprise Corridor Zone benefits were extended to the City of Torrington and the Town of Winchester. • The Enterprise Zone Program website was accessed approx. 27,000 times in 2005.

  7. CERTIFICATIONS BY MUNICIPALITY AND PROGRAM

  8. 2005 Statistical Summary 1. TOTAL BUILDING SQUARE FOOTAGE 2. EXISTING JOBS 3. NEWLY CREATED JOBS

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