Issue link: https://nebusinessmedia.uberflip.com/i/1463297
n e w h a v e n b i z . c o m | A p r i l 2 0 2 2 | n e w h a v e n B I Z 9 GENERAL Land area (sq. miles) ................................. 5 Median age .............................................. 40 Population ........................................ 12,325 Median household income ............. $56,357 Unemployment rate .............................6.2% MAJOR EMPLOYERS • Griffin Hospital • Varca • Birmingham Health Center • Whalley Glass General • Lowes Home Improvement GOVERNMENT Total revenue (2018) ..................$49,442,264 Per capita tax ...................................$2,261 Mill rate ................................................43.87 Grand List ................................$737,853,083 HOUSING STOCK Median home value ................... $206,300 Median rent .................................... $1,087 ECONOMY Top employment industries Employers Employment Avg. Wage Health Care & Social Assistance ............................ 48 ..................... 1,778 .................... $59,674 Retail Trade ............................................................. 51 ........................ 890 .................... $26,245 Accommodation & Food Services .......................... 29 ........................ 598 .................... $22,788 Source: AdvanceCT Town Profile: Derby in the early 1800s and employed generations of city residents, closed in 2000 and is today a Home Depot. e city's biggest employers include Griffin Hospital, the municipal school system, Home Depot and other retailers, Dziekan said. ere's also a cra beer boomlet in town, with two city suds destinations, BAD SONS Brewery — the name is an acronym of Naugatuck Valley municipalities — and the Hops Company, building strong clienteles, he said. e city also added to its appeal in recent years by building state-of-the- art athletic facilities at the high school thanks to a generous $20 million gi from Joan Payden. Payden, founder and head of Payden & Rygel, a California-based global investment management firm, made the donation in memory of her father, who attended Derby High School in the early 20th century. Dziekan and DiCenso thanked both the state and Naugatuck Valley Council of Governments for providing vital assistance to the city's redevelopment efforts. "We don't have the capabilities the state has," Dziekan said. n print ad print ad Looking for a commercial lender who's as committed as you? At GE Credit Union, we have a suite of solutions that will work for you so you can get down to business. • Vehicle purchase and refinancing • Commercial real estate lending • Great rates and flexible terms We are GE Credit Union. Committed to New Haven. Committed to your business. EQUAL OPPORTUNITY LENDER. FEDERALLY INSURED BY NCUA. myGECreditUnion.com 800.992.8472 395 Whalley Ave., New Haven Mon–Fri, 8:30–4:00 • Sat 8:30–noon SINGLE SOURCE DESIGN/BUILD EFFICIENT. QUALITY. COST-EFFECIVE. The company that builds and installs the critical systems in virtually every type of facility is the same company you can rely on to maintain them. For over 50 years, our clients have trusted us to provide sustainable, more efficient, greener facilities. Experts in: Design/Build, Pre-Construction, Service, LEED Capabilities 860.871.1111 Toll Free: 800.741.6367 nemsi.com MECHANICAL | ELECTRICAL | PLUMBING | SHEET METAL | BUILDING AUTOMATION | FACILITIES SERVICES License #'s: E1-0125666 S1-302974 P1-203519 F1-10498 SM1-192 MC-1134