HEDC FAQs

Is the Hamden Economic Development Corporation (HEDC) part of the Town of Hamden?”

No, HEDC was formed in 2005 as a tool for developing brownfields and other challenging properties and for promoting economic development. HEDC is an independent 501(c)(4), IRS tax exempt corporation. It has 11 board members who are governed by a set of bylaws and is managed by an Executive Director.
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What are brownfields?”

The Environmental Protection Agency (EPA) defines brownfields as “abandoned, idle or under-used industrial and commercial facilities where expansion or redevelopment is complicated by real or perceived environmental contamination.” Usually brownfields are sites of old factories or other businesses. Many times brownfields are unsightly and strewn with illegally dumped garbage.

Brownfields can have all kinds of dangers – debris, dilapidated buildings and even dangerous, toxic chemicals. Some dangers are easy to see – broken windows and glass, rotted wood floors, rusty nails and pipes, and old barrels. Other dangers are not visible and harder to detect – toxic chemicals that can be harmful to people if they eat them, breathe them or get them on their skin.
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How are board members selected?”

Members are recommended and appointed by the Officers and Board of Directors.
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What is the relationship of HEDC to the Town of Hamden?”

The Town named the HEDC as its Implementing Agency for redevelopment under specific CT State statutes. It also contracts with HEDC to take on foreclosures and other activities where the Town wants to limit its liability.
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What are the goals of the Hamden Economic Development Corporation?”

Its general goals are essentially the same as the Town’s Economic and Community Development Office – to grow the tax base, create jobs, and improve communities. The HEDC is a tool to accomplish this (e.g., by taking title to properties that are derelict and thereby limiting the liability of the Town). Read more about our goals »
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Are there other Economic Development Corporations in Connecticut?”

Yes, there are EDCs all over the state. Some of the more notable ones are located in Shelton, Orange, Naugatuck and Waterbury.
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How is the Hamden Economic Development Corporation funded?”

HEDC raises its own capital through grants and other program funds as well as from the sale of properties that have been redeveloped. HEDC is self-sufficient.
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