NewHavenBIZ

n e w h a v e n b i z . c o m | F e b r u a r y 2 0 2 2 | n e w h a v e n B I Z 11 SUCCESS Takes a Village New Haven Bank is a proud part of the New Haven community. Every day we dedicate our resources, knowledge, and services to help our customers and our neighbors meet their goals. Find out how we can move you toward success. 203.285.6490 | newhavenbank.com SUCCESS takes a village New Haven Bank is a proud part of the New Haven community. Every day we dedicate our resources, knowledge, and services to help our customers and our neighbors meet their goals. Find out how we can move you toward success. GENERAL Land area (sq. miles) 22 Median age 49 Population 28,273 Median household income $77,640 Unemployment rate 3.9% MAJOR EMPLOYERS • Blakeslee Prestress Inc. • Seton Safety & Identification • John D. Thompson Hospice Institute • Blakeslee Arpaia Chapman Inc. • Branford Gun Club GOVERNMENT Total revenue (2018) $122,093,385 Per capita tax $3,611 Mill rate 28.92 Grand List $3,685,043,062 HOUSING STOCK Median home value $293,100 Median rent $1,368 ECONOMY Top employment industries Employers Employment Avg. Wage Retail Trade 1,821 141 $35,216 Health Care & Social Assistance 1,789 112 $44,852 Accommodation & Food Services 1,496 101 $20,868 Source: AdvanceCT Town Profile: Branford New housing — the town has also seen an uptick in single-family homes, Cosgrove said — isn't the only thing driving economic development in Branford. The town also has a thriving biotech sector — home to companies like Abcam, IsoPlexis and Tangen Biosciences Inc. — as well as numerous businesses along its busy Route 1 corridor, town officials said. Looking ahead, Cosgrove said the town still has plenty of land zoned for industrial use that he'd like to see developed. Another challenge is repurposing retail properties that have closed due to the shift toward online shopping, Smith said. "Branford has positioned itself well," Cosgrove said. "We have location, quality of life and we're a shoreline community. We have lots to offer in terms of quality of life and a mix of activities, business as well as recreation activities." n An overview of the Mariners' Landing project, which will include four residential buildings. RENDERINGS | CONTRIBUTED

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