4 Hartford Business Journal • December 14, 2020 • www.HartfordBusiness.com
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tor off I-84 to UConn's flagship Storrs campus.
Tolland's proximity to UConn has been seen
as a potential advantage in luring technol-
ogy companies, especially as the university
has ramped up investment in innovation and
entrepreneurship over the last few decades,
most recently debuting in 2018 its $159-mil-
lion, 114,000-square-foot Innovation Partner-
ship Building.
That hasn't really come to fruition, aside
from the work Bouley has done at his Nerac
headquarters, which in addition to being
home to his 25-employee company also hosts
about a half-dozen startups. He's currently
recruiting more early-stage companies to
join his incubator, but says the pandemic has
made that a bit more challenging.
Feet on the street
Don Poland, managing director of plan-
ning and strategy at East Hartford-based
Goman+York Property Advisors LLC, was
hired by the town to consult on the pending
zoning changes, which are still in the drafting
stage and need approval from the planning
and zoning commission.
Poland said Tolland and the Technology
Campus Zone would benefit from mixed-used
and higher-density multifamily development
that could put more feet on the street and
make the area more attractive to businesses.
Tolland's more remote location outside
Hartford's urban core does put it at a competi-
tive disadvantage in attracting new invest-
ment, but there will be opportunities coming
out of the pandemic, he said.
However, don't expect new projects to
sprout overnight.
"The town can probably see some develop-
ment in the near term, but we are most likely
talking about a five- to 10-year horizon for any
type of critical mass," Poland said.
Rosen, the town manager, said some resi-
dential developers have been kicking the tires
on potential projects in town and a condo
development is currently in the works.
He said he'd like to see a neighborhood
mixed-use development that could bring
in some retail and restaurants. He noted
the town's first brewery is currently going
through the approval process and a coffee
chain is looking to move to town.
And any development, he said, must mesh
with the town's rural charm and character.
>> Town Profile continued
Nerac's headquarters at
One Technology Drive sits
within Tolland's Technology
Campus Zone.
Tolland
General
Land area (sq. miles) 40
Median age 42
Population 15,037
Median household income $112,740
Unemployment rate 3.6%
Major Employers
Town of Tolland
Woodlake at Tolland
CNC Software
Gerber Scientific
Big Y
Housing stock
Median price $286,600
Median rent $1,571
Government
Total revenue (2017) $64,133,352
Per capita tax $2,950
Actual mill rate 36.05
Grand List $1.27 billion
Economy
Top employment industries Units Employment
Government 18 735
Health care and
social assistance 40 669
Manufacturing 16 464
Top taxpayers (2019)
Eversource $16,681,170
Capitol Ventures $13,641,800
Gerber Internatonal $8,340,110
Source: AdvanceCT
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