Issue link: https://nebusinessmedia.uberflip.com/i/1018436
18 Hartford Business Journal • August 27, 2018 • www.HartfordBusiness.com Government Total revenue (2016) $84,424,801 Per capita tax $3,244 Total expenditures $83,012,026 Total indebtedness $83,924,544 as % of expenditures 101.1% Annual debt service $6,203,033 Moody's bond rating Aa2 Actual mill rate 30.35 Net Grand List $2,177,154,828 Housing stock Existing units 8,427 % single unit 76% New permits (2017) 14 as % of existing units 0.2% Residential sales 210 Median price $288,000 Median rent $1,097 Top 5 grand list Company Amount Rocky River Realty Corp $200.5M Corbin Russwin $34.3M Cedar Brick Yard $20.2M B&F Machine Inc. $17.4M Tomz Corp. $14M Town Profile Berlin Town Hall address: 240 Kensington Road Berlin, CT 06037 (860) 828-7003 News Around Town ■ ■ In May, Timberlin Golf Course reported season passes dropped in 2017, but overall, public courses have benefitted from cost-conscious golfers. ■ ■ Kathy's Urgent Care recently opened a location in town occupying 6,000 square feet at 175 Webster Square, next door to a store run by landlord Ocean State Job Lot. ■ ■ Berlin's 3.4 percent poverty rate is less than a third of the state's 10.4% rate, and Hartford County's 11.6% rate. General Land area (sq. miles) 26 sq. mi. Households 8,034 Median household income $93,750 Poverty rate 3.4% Crime rate (per 100,000 residents) 1,801 Population 2000 18,215 Projected 2020 20,245 Median age 47 Largest age demographic 45-64 (33%) Educational attainment (2016) Persons age 25 or older % of population High school graduate 29% Associate's degree 10% Bachelor's or more 39% Labor Force (Residence) Employed 11,182 Unemployed 482 Unemployment rate 4.1% Places of work Total employers 728 Total employed 11,775 Economics Business profile Sector Units Employ- ment Construction 73 679 Manufacturing 87 2,070 Retail trade 69 1,344 Administrative and waste services 48 891 Health care and social assistance 55 710 Total government 21 851 Major Employers • Eversource • Parker Fluid Control • B&F machine • Assa Abloy • Comcast Source: Connecticut Economic Resource Center NEOPERL, Inc., 171 Mattatuck Heights Rd, Waterbury, CT 06705 | 10,000 sq. ft. Quality Renovations by Borghesi Building 2155 East Main Street • Torrington, Connecticut 06790 www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. Contact us at 860-482-7613 or visit us on the web. THANK YOU TO OUR 2018 BUSINESS PARTNERS PLATINUM GOLD SILVER Arlene M. Lipton Memorial Fund • Pullman and Comley, LLC BRONZE CohnReznick LLP • Connecticut Lighting Centers Marcus Insurance Agency SINGLE EVENT Cantor Colburn LLP IN-KIND Buds in Bloom - Carol Albert • P'Zazz The Wise Old Dog MEDIA PARTNER www.jewishhartford.org