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

The Connecticut Enterprise Zone Program 2005 Annual Report

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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 - PowerPoint PPT Presentation

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Page 1: The  Connecticut Enterprise Zone Program 2005 Annual Report

1

The Connecticut Enterprise Zone

Program

2005 Annual Report

Department of Economic & Community DevelopmentOffice of Business & Industry Development

Holly Campo de la Vera, Executive Director

Page 2: The  Connecticut Enterprise Zone Program 2005 Annual Report

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

Page 3: The  Connecticut Enterprise Zone Program 2005 Annual Report

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.

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Page 4: The  Connecticut Enterprise Zone Program 2005 Annual Report

4

ELIGIBLE CLIENTS:

•Manufacturers

•Warehousing Distribution

•Certain Service Sector Businesses

•Entertainment Related Businesses

Connecticut Enterprise Zone

Programs

Page 5: The  Connecticut Enterprise Zone Program 2005 Annual Report

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•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)

Enterprise Zone Programs

Page 6: The  Connecticut Enterprise Zone Program 2005 Annual Report

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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.

4. During the 2005 Legislative Session, Enterprise Corridor Zone benefits were extended to the City of Torrington and the Town of Winchester.

5. The Enterprise Zone Program website was accessed approx. 27,000 times in 2005.

Page 7: The  Connecticut Enterprise Zone Program 2005 Annual Report

7

CERTIFICATIONS BY MUNICIPALITY AND PROGRAM

LOCATION EZ UJ ECZ CMZ ED MPZANSONIA 1BEACON FALLS 2BLOOMFIELD 1BRIDGEPORT 4 2EAST HARTFORD 1HAMDEN 2HARTFORD 1MIDDLETOWN 1NAUGATUCK 1NEW BRITAIN 3NEW HAVEN 1 3NORWALK 5 1PLAINFIELD 3PLAINVILLE 1SOUTINGTON 2STAMFORD 4 1WATERBURY 3 3WINDHAM 2

TOTALS 26 12 7 1 1 1

Page 8: The  Connecticut Enterprise Zone Program 2005 Annual Report

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2005 Statistical Summary1. TOTAL BUILDING SQUARE FOOTAGE

2. EXISTING JOBS

3. NEWLY CREATED JOBS

EXISTING PROJECTED TOTALAREA JOBS JOBS JOBS

TOTAL NEW CONSTRUCTION 1,510,300 54 498 552TOTAL LEASED PROPERTY 885,056 1,286 643 1,929TOTAL PURCHASED PROPERTY 19,350 10 8 18

GRAND TOTAL 2,414,706 1,350 1,149 2,499