Welcome to the Hamden Economic Development Corporation and the New Colony Development Corporation
Each Corporation is an is an independent non-profit development corporation with tax-exempt status from the IRS. The Hamden Economic Development Corporation (HEDC) is 501(c)(4) and the New Colony Development Corporation (NCDC) is 501C3. Both corporations serve as a tool for developing the tax base and as an advocate for business in communities throughout Connecticut including the New Haven Metro Region. Both Corporations are focused on redevelopment of contaminated or underperforming properties. The New Colony Development Corporation is a CT certified state-wide Brownfield Land Bank. The Board of Directors is comprised of members from business, design and development, banking, utilities and educational institutional partners. Both Corporations also work in partnership with several regional economic development entities as well as local and metro Chambers of Commerce.