Hamden Business Incubator: Construction
The Hamden Business Incubator is being developed by HEDC at the location of the former Newhall Community Center at 496 Newhall Street, which has been closed since 2002. The incubator will be serve as the location for up to 20 small businesses that specialize in service and technology areas such as light manufacturing, web design and medical office administration. The goal is develop affordable space for entrepreneurs to grow in Hamden to create jobs and increase tax revenue. As owner, developer and manager of the incubator, the HEDC will provide common services to the small businesses to help them reduce the cost of overhead, making them more profitable. This will include restrooms, electricity and heat, security, and a Wi-Fi equipped meeting space. Rental space will be offered at competitive rates to foster economic growth in the different service and technology industries that can provide job growth and services to the community, the region and the State of CT. Finally, the Hamden Business Assistance Center will provide free business planning and coaching services as part of the overall rent structure. "This project will have a significant effect on small business development and the future economy and will connect the surrounding southern Hamden community to important institutions and partners in the region. It is a challenging but very worthwhile project. We also have to thank again the Town of Hamden, our local delegation, the Federal EDA and the State of CT DECD for their ongoing support ", stated Dale Kroop who is Executive Director of the HEDC.