Issue link: https://nebusinessmedia.uberflip.com/i/672754
www.HartfordBusiness.com May 2, 2016 • Hartford Business Journal 17 2-May ECONOMICS Land area (sq. miles) 28 Business profile (2014) Pop./sq. mile (2010) 911 Sector Units Median age (2010-14) 43 Construction 89 900 Households (2010-14) 10,400 Manufacturing 39 2,209 Median HH Inc. (2010-14) $92,933 Retail Trade 187 3,689 149 3,900 Population (2010-14) 125 3,623 2000 23,641 Total Government 22 6,224 2010 25,430 2014 25,515 2020 26,688 LABOR FORCE Commuters (2014) Race/Ethnicity (2010-14) Commuters into town from: White 21,174 Bristol 2,541 1,746 Black 559 Farmington 2,351 1,202 Asian Pacific 2,431 New Britain 2,112 882 Native American 11 Town % State % West Hartford 1,957 Other/Multi-race 742 3,503 20% 28% Hispanic 756 1,153 6% 7% 10,013 56% 36% Labor Force (Residence) 13,846 HOUSING 13,207 Housing stock (2010-14) GOVERNMENT 639 Existing units (total) 11,032 4.6% % single unit 61.0% New permits auth. (2014) 34 Place of Work (2014) as % existing units 0.30% 1,302 Demolitions (2014) 12 30,654 Residential sales 280 2,209 Median price $331,300 TOP 5 GRAND LIST Top 5 Employers Company Amount % of Net $147.0M 4.70% $52.0M 1.40% United Technologies $45.9M 1.30% $37.4M 1.00% Trumpf Inc. $31.7M 0.90% Health Care & Social Assistance Plainville Unemployment Rate Bachelor's or more Educational attainment (2010-14) Persons age 25 or older High school graduate Associate's Degree Farmington 1 Monteith Drive, Farmington, CT 06032 (860) 675-2380 Employment Finance and Insurance Hartford Southington Uconn Health Center Annual debt service (2014) $7,713,185 West Farms Associates Per capita tax (2014) $1,727 Government form Total revenue (2014) $99,968,583 $3,260 Council-Manager Employed Unemployed as % of state average 74.5% 45.8% as % of expenditures $96,586,390 per capita Total expenditures (2014) as % of state average # of units Total Employment $44,250,446 Total indebtedness (2014) Manufacturing Employment 120.8% Connecticut Light and Power Inc. Trumpf Inc. Otis Elevator Inc. ConnectiCare Inc. as % of state average The Hartford per capita 134% $193,737 as % of expenditures Equalized net grand list (2014) Dunn-Sager Affiliates $4,964,907,343 8.0% FARMINGTON Town Hall: 1 Monteith Drive Farmington, CT 06032 (860) 675-2380 TOWN PROFILE Source: Connecticut Economic Resource Center, www.cerc.com