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HEDC in the News

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A Very Busy Summer in the Highwood/Newhall Community 

Friday, June 15, 2018
The Town is getting ready for a busy summer at the old middle school. There will be significant progress made in the community on several approved projects.
“Our goal is to ensure, to the best of our ability, that the public knows there will be a lot of positive progress made in the Highwood/Newhall neighborhoods this summer. We plan to have letters sent out to all households in the neighborhood notifying residents of upcoming work and expected community improvements.” said Hamden Mayor Curt Balzano Leng.
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Article- Community Lending and the Startup Slum in CT 

Wednesday, May 16, 2018
This is a great article by Hamden’s Armando Rodriguez or arod (ee cummings style) to his friends, who is the Chair and Professor of the Economics Department at the University of New Haven. He is also advisor to the UNH Economics Collective. In addition to his always entertaining writing style, arod makes some spot on points in his latest article for the Collective about the power of Community Banks and to us economic developers more importantly, how overlooked (my opinion) really small businesses are. Over 70% of Hamden’s businesses has under 10 employees and over 80% with under 20 employees. We have developed a Solopreneur (i.e. home based business) Cluster http://www.hamden-ct.com/Content/Business_Cluster_Program.asp
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Northeast Alliance Surgery Center to Open in Hamden 

Thursday, May 10, 2018
The Town of Hamden is pleased to announce that the North East Alliance Surgery Center is expected to open at 2080 Whitney Avenue. It is at the location of the former St Raphael’s surgery center that closed several years ago. The Northeast Alliance Surgery Center will open in the fall of 2018 with Surgical Care Affiliates. The Northeast Alliance Surgery Center will provide a setting for surgeons to perform outpatient appropriate spine, orthopedic, and pain procedures. The project is led by Dr. James Yue, a renowned spine surgeon with the Yale School of Medicine. The surgery center will be largely owned by a group of local physicians with Surgical Care Affiliates (SCA), an ASC management company, owning a portion of the entity. NEASC will bring 20 full-time jobs to Hamden during its first year of operation. "North East Alliance Surgery Center will provide safe, innovative, high volume ambulatory surgical care with an added focus on optimizing patient postoperative recovery and outcomes," said Founder James J. Yue, MD. "We look forward to collaborating with local hospitals and university medical and allied health schools to enhance ambulatory surgical education and create jobs."
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JA Bar and Grill Opens on 1372 Dixwell Avenue 

Monday, May 7, 2018
JA Bar & Grill is located at 1372 Dixwell Avenue, Hamden, CT. JA Bar & Grill will become a landmark and destination for locals and visitors of Hamden. When it comes to authentic Jamaican and American cuisine, no other can compare. JA Bar and Grill is the place to be for the finest Jamaican and American food where we serve mouthwatering delectable food and offer a memorable dining experience. From succulent oxtails to finger licking good jerk wing, all served with the freshest ingredients. JA Bar & Grill has a wonderful atmosphere and is the most desirable venue for people in the Hamden and New Haven area
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Progress Made at Former Middle School 

Tuesday, May 1, 2018
PROGRESS MADE AT FORMER MIDDLE SCHOOL SITE There will soon be a small but a significant step towards the redevelopment of the former middle school site. Contractors are wrapping up the abatement of asbestos and other hazardous materials in the auditorium at the former Michael J Whalen Middle School. The Hamden Economic Development Corporation has managed the project and has been working with BL Companies and Wiese Construction since January with the goal of the demolition of this building and removal of pavement around it. It also includes the attached hallway to the main classroom building. The estimated project cost will be $500,000 and is being paid for entirely by a grant secured by HEDC from the State Department of Economic and Community Development.
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Uptown Consignment Moves to Hamden 

Friday, April 20, 2018
Uptown Consignment has been voted #1 Consignment store for 23 years in a row. Uptown Consignment has been in business since 1991 and takes pride in its customer service. They have over 95,000 consignors from all over Connecticut, New York and Western Massachusetts. The have locations in Rocky Hill, South Windsor and Southington in addition to their new Mt. Carmel location. A grand opening is slated for May 5th.
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Little Rabbit Baking Company Opens in Spring Glen 

Friday, April 13, 2018
At Little Rabbit Baking Co. they bake everything from scratch with a focus on gluten free items. French inspired treats and custom order availability. They are now open at 1648 Whitney Avenue, in the heart of Spring Glen from Tuesday-Saturday 7-3 pm
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Manufacturing Company in Hamden Expands 

Wednesday, March 21, 2018
J.F.D. Tube & Coil has specialized in manufacturing quality heat transfer equipment since 1983. They take pride in their ability to manufacture quality tube bundles, heat exchangers, coils, and other heat transfer equipment. They have been located in the Hamden Business Park for over 25 years. For further information about J.F.D. Tube & Coil, go to their web page at http://www.jfdcoil.com/. “This is great news to hear that manufacturing has continued to grow in Hamden. It’s important to have a good workforce that can help make these companies successful. Our initiatives in workforce development may prove to be the most important thing we can do for these industries”, stated Dale Kroop, Director of Economic Development and Neighborhood Revitalization.
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Hamden Retail and Shopping Center Update 

Wednesday, March 21, 2018
Despite the challenges in the retail and shopping center marketplace, Hamden has been getting positive news about its’ largest shopping centers. “We are seeing continued interest in the Magic Mile and interest at Putnam Plaza in terms of alternative uses that will be good in the long run for the tax base and residents”, stated Dale Kroop, Director of Economic Development and Neighborhood Revitalization. The grand opening of Aldi at the Hamden Mart is set for April 12th at 9am, while the moving of the Wine Merchant next to Aldi will be in the summer of 2018. The space left by the wine store as well as remaining space from Bon Ton are under discussion for future leasing by Kimco Realty (https://www.kimcorealty.com/), the owner of the Hamden Mart. A new Sketchers Outlet Store will come to the Hamden Plaza in the space downsized by Marshalls several years ago. Here is the web page of the outlet store in Clinton https://local.skechers.com/ct/clinton/151/. We anticipate the store being open late in 2018/ early 2019. Pokemoto Hawaiian Restaurant https://www.pokemoto.com/ opened recently at the former Froyo World, location at the Plaza.
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The Changing Face of the Economy and How It Affects Hamden Technology Challenges the Marketplace 

Friday, March 16, 2018
Technology has forever changed the local, state and national economy. It affects retail trade, services that we buy and products that we have come to know.

The landscape of retail continues to change. The list keeps getting longer for stores that are closing in the northeast and across the country. According to Money Magazine and many other publications, it is anticipated that over 25% of all shopping malls in the United States will likely CLOSE by the year 2022. This change in the retail marketplace began slowly and then accelerated quickly with the growth of the on-line marketplace. The last few years have been dominated by Amazon, who has changed the retail marketplace because of innovations such as Amazon Prime.

Over the last twenty years, we have witnessed the demise of video stores, CD/music stores, travel agencies, and most book stores, especially outside of major metro areas, which make up most of America. Other venues such as movie theatres in suburban areas have been affected by the growth of video streaming. Many stores are downsizing products such as Blue Ray players, audio players, cameras, and video recorders, also because of video and music streaming and because of smart phone technology.

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