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www.HartfordBusiness.com October 5, 2015 • Hartford Business Journal 19 IS A DREAM YOU WANT YOUR FAMILY TO SHARE. YOUR BUSINESS MassMutual Financial Group refers to Massachusetts Mutual Life Insurance Co. (MassMutual) and its affiliated companies and sales representatives. CRN201609-185994 BUSINESS SUCCESSION PLANNING + RETIREMENT/401(K) PLAN SERVICES KEY EMPLOYEE RETENTION AND EXECUTIVE BENEFITS PRODUCTS What's right for your business has to be right for your family. So whether you're just starting out or ready to pass your business down to your children, Charter Oak's financial professionals focus on what you need when you need it most. Learn how we can help you achieve your family business goals. Peter Novak General Agent Charter Oak Insurance and Financial Services Co. 76 Batterson Park Road Farmington, CT 06032 860-674-1800 pnovak@financialguide.com www.charteroakfinancial.com Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 317–321 Federal Road, Brookfield, CT | 2005 | 31,000 sq ft 270–290 Federal Road, Brookfield, CT 2002 | 33,000 sq ft 227-235 Federal Road, Brookfield, CT 2014 | 25,000 sq ft Contact us at 1-855-BUILD-86 or visit us on the web. 5-Oct ECONOMICS Land area (sq. miles) 42 Business profile (2013) Pop./sq. mile (2011) 372 Sector Units Median age (2011) 42 Construction 33 79 Households (2011) 4,984 Manufacturing 11 302 Median HH Inc. (2011) $92,019 Wholesale Trade 46 661 20 176 Population (2012) Total Government 19 1,236 2000 13,552 State Government 2 714 2010 15,357 Local/Municipal Government 15 496 2012 15,692 2020 15,767 LABOR FORCE Commuters (2011) Race/Ethnicity (2012) Commuters into town from: White 13,301 Suffield 616 63 Black 1,485 Enfield 328 49 Asian Pacific 140 Windsor Locks 139 46 Native American 37 Town % State % Hartford 126 44 Other/Multi-race 729 2,651 24% 28% Manchester 79 Hispanic 799 1,041 9% 7% 4,064 37% 36% Labor Force (Residence) 7,749 HOUSING 7,257 Housing stock (2012) GOVERNMENT 492 Existing units (total) 5,082 6.3% % single unit 89.8% New permits auth. (2012) 25 Place of Work (2013) as % existing units 0.49% 311 Demolitions (2012) 9 4,229 Residential sales (2011) 72 302 Median price $320,000 TOP 5 GRAND LIST Top 5 Employers Company Amount % of Net $29.5M 2.2% $7.6M 0.6% Suffield Realty Trust $6.5M 0.5% Praxair Inc $6.1M 0.5% $5.5M 0.4% Bachelor's or more Equalized net grand list (2010) Kongsberg Automotive as % of state average 86% Suffield House per capita $124,475 Robert W. Baker Nursery Inc $2,177 Selectman-Town Meeting $50,360,030 Connecticut Water Co. Suffield by the River Connecticut Light & Power $822 $1,953,267,664 4.5% $2,248,430 36.5% Employed Unemployed 25.6% Government form as % of expenditures Unemployment Rate # of units Total Employment Manufacturing Employment Total revenue (2012) Per capita tax (2012) $12,903,912 Total indebtedness (2012) Total expenditures (2012) as % of state average $55,222,780 Retail Trade Granby West Hartford Windsor East Windsor Employment Walker Reception Center Corrections Department Suffield 83 Mountain Road Suffield, CT 06078 (860) 668-3880 Annual debt service (2012) as % of expenditures as % of state average per capita Educational attainment (2012) Persons age 25 or older High school graduate Associate's Degree 84.3% SUFFIELD Town Hall: 83 Mountain Road Suffield, CT 06078 (860) 668-3880 TOWN PROFILE Source: Connecticut Economic Resource Center, www.cerc.com