Issue link: https://nebusinessmedia.uberflip.com/i/604506
18 Hartford Business Journal • November 23, 2015 www.HartfordBusiness.com 3-Nov ECONOMICS Land area (sq. miles) 40 Business profile (2013) Pop./sq. mile (2011) 377 Sector Units Median age (2011) 41 Construction 45 174 Households (2011) 5,459 Manufacturing 18 392 Median HH Inc. (2011) $103,358 Wholesale Trade 37 268 36 388 Population (2012) 34 647 2000 13,146 Total Government 19 788 2010 14,809 Local/Municipal Government 13 645 2012 14,980 2020 16,191 LABOR FORCE Commuters (2011) Race/Ethnicity (2012) Commuters into town from: White 14,298 Tolland 741 156 Black 46 Vernon 353 129 Asian Pacific 203 Manchester 242 114 Native American 0 Town % State % Ellington 195 111 Other/Multi-race 433 4,918 25% 28% Stafford 162 Hispanic 533 1,408 7% 7% 7,848 40% 36% Labor Force (Residence) 8,343 HOUSING 7,881 Housing stock (2012) GOVERNMENT 462 Existing units (total) 5,474 5.5% % single unit 92.0% New permits auth. (2012) 8 Place of Work (2013) as % existing units 0.15% 351 Demolitions (2012) 0 3,701 Residential sales (2011) 116 392 Median price $279,412 TOP 5 GRAND LIST Top 5 Employers Company Amount % of Net $12.3M 0.9% $9.1M 0.7% MJB Realty LLC $6.2M 0.5% Summers & Summers Realty $5.6M 0.4% $4.1M 0.3% Bachelor's or more Equalized net grand list (2010) Dari Farms Ice Cream Co. as % of state average 85% Nerac Inc. per capita $122,984 Standard Register Co. $2,558 Council-Manager $55,470,521 Gerb CT QRS 14-73 Inc. Connecticut Light & Power Capitol Ventures LLC $2,795 $1,842,304,335 9.0% $5,017,690 123.9% Employed Unemployed 75.5% Government form as % of expenditures Unemployment Rate # of units Total Employment Manufacturing Employment Total revenue (2012) Per capita tax (2012) $41,869,133 Total indebtedness (2012) Total expenditures (2012) as % of state average $55,823,239 Retail Trade South Windsor East Hartford Coventry Willington Health Care and Social Assistance Employment Gerber Technology Gerber Scientific Products Inc. Tolland 21 Tolland Green, Tolland, CT 06084 (860) 871-3630 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 99.1% TOLLAND Town Hall: 21 Tolland Green Tolland, CT 06084 (860) 871-3630 TOWN PROFILE Source: Connecticut Economic Resource Center, www.cerc.com