Issue link: https://nebusinessmedia.uberflip.com/i/1036382
20 Hartford Business Journal • October 8, 2018 • www.HartfordBusiness.com Government Total revenue (2016) $21,213,635 Per capita tax $3,440 Total expenditures $20,507,643 Total indebtedness $5,788,048 as % of expenditures 28.2% Annual debt service $675,263 Moody's bond rating Aa2 Actual mill rate 30.4 Net Grand List $581,485,097 Housing stock Existing units 2,146 % single unit 79.8% New permits (2017) 3 as % of existing units 0.1% Residential sales NA Median price $296,000 Median rent $950 Top 5 grand list Company Amount Galasso $27,119,090 RSCC $26,990,490 CL&P $20,647,720 Nufern $9,394,110 United Illuminating $9,266,870 Town Profile East Granby Town Hall address: 9 Center St., East Granby, CT 06026 (860) 653-2576 News Around Town ■ ■ In July, Old New-Gate Prison and Copper Mine , a historic landmark and state archaeological preserve, re-opened after being closed for nine years. ■ ■ In June, MB Aerospace , one of the town's largest employers, received a $6 million loan from the state to buy new equipment for its new headquarters in East Granby. The company will retain 169 jobs and create 97 new jobs in exchange for the aid. ■ ■ Wisconsin heavy-vehicle builder Oshkosh Truck Corp. recently renewed its 20-year-old, 21,200-square-foot lease at 35 Nicholson Road. General Land area (sq. miles) 18 Households 2,132 Median household income $88,559 Poverty rate 2.1 Crime rate (per 100,000 residents) 1,243 Population 2000 4,745 Projected 2020 5,317 Median age 44 Largest age demographic 45-64 years (33%) Educational attainment (2016) Persons age 25 or older % of population High school graduate 19% Associate's degree 10% Bachelor's or more 53% Labor Force (Residence) Employed 2,941 Unemployed 119 Unemployment rate 3.9% Places of work Total employers 222 Total employed 3,884 Economics Business profile Sector Units Employ- ment Construction 25 117 Manufacturing 30 1,273 Wholesale trade 26 314 Retail trade 12 80 Transportation and Warehousing 19 471 Administrative and waste services 21 523 Major Employers • Air National Guard • Monrovia Nurseries • Nufern • Rockbestos • MB Aerospace Source: Connecticut Economic Resource Center