Projects & Accomplishments

PROJECTS:

Map

Enterprise Zone Chart

Date	Company	Square Feet
2005	Queen Anne Woodworking	6,100
2006	Electric Cable Compounds	40,000
	Taunton Press	21,000
	ITW Powertrain Systems	15,000
	Innovative Solutions	5,500
	Total 2006	81,500
2007	RAM Welding	18,000
	Verizon	40,000
	Desilva Homes	25,000
	H.J. Bushka & Sons	15,000
	To date:	98,000

NEDC Economic Development Successes

25 companies worked with NEDC

423 total jobs created or retained

230 jobs new to Naugatuck

378,800 total square feet (built, leased or sold)

232,620 square feet of new construction

$24.5-26.5 million total investment (estimated)

Electric Cable Compounds
- 40,000 sq ft State of the Art mfg facility
- 45 jobs new to the Borough
- Approx. $5,000,000 investment
Taunton Press
- Purchase of 32,000 sq ft bldg
- 21,000 sq ft new addition
- State of the art warehouse and distribution center for books and magazines
ITW Powertrain Fastening
- 15,000 sq ft addition
- 40,000 sq ft mfg facility
- 39 high-tech production jobs
Innovative Solutions
- 5620 sq ft addition for a total of 12,000 sq ft
- Mfgr of level & flow switches & sensors
- Over 40 jobs in the Borough
Naugatuck Savings Bank
- Approved in town wide refferendum on May 7, 2007
- 26,000 sq ft for the bank data & training center and new branch
- Total employment of approx. 40 people at this beautiful location
OTHER:
Renaissance Place
- Future downtown revitalization
- Mixed use development of housing, retail, entertainment, tech/flex space & parking
- Over $182,000,000 in new investment in Phase I of development
Duck Race
- Annual community fundraising event sponsored by Naugatuck Chamber of Commerce
- Full day of fun and entertainment
- Raised over $30,000 for local non-profit clubs & organizations

ACCOMPLISHMENTS:

Since being formed in 2002, NEDC has compiled an impressive list of accomplishments, including:

Brought the public and private sectors together to address economic development issues
Worked with the Borough to select a firm to complete a Strategic Plan for Economic Development
Created a non-profit economic development corporation to implement the economic development plan
Assisted the Borough in negotiating a Pre-Development Agreement and Development Agreement with Conroy Development to create a conceptual development plan for downtown
Provided expertise to Naugatuck Enterprise Zone businesses in securing state tax benefits for new or expansion projects
Worked with the Borough to market seven Town-owned sites in the Naugatuck Industrial Park
Connected Borough of Naugatuck to the statewide CEFC Site-Finder program
Worked with Waterbury to create and develop the two-town Commerce Park site, a 160 acre site for commercial/industrial development
Worked with four other economic development agencies to create a regional development collaborative
Worked with the real estate brokers to assist them on the sale of five buildings and one lot which were privately owned in the Naugatuck Industrial Park
Assisted the Borough in securing DECD approval to use state grant funds of $178,000 for the local share of the Pre-Development Agreement conceptual development planning of the downtown revitalization project
Assisted a health services company acquire, renovate and occupy a vacant downtown building
Worked with business community in raising over $50,000 in private sector funding per year to assist the Borough in funding local economic development efforts
Provided oversight for the Borough and the NEDC on the downtown revitalization project
Worked with other Naugatuck Valley towns on securing U.S. Department of Commerce - Economic Development Administration approval of the Comprehensive Economic Development Strategy (CEDS) for the Naugatuck Valley corridor
Assisted a Location Manager in selecting the Uniroyal Chemical site for two days of on-location shooting for the Paramount Pictures movie - "War of the Worlds"
Prepared marketing materials to promote the borough to new companies interested in relocating to Naugatuck using the theme of "NAUGATUCK...where innovation works"
Secured DECD approval to sell several town-owned sites in the Naugatuck Industrial Park for a build to suit warehouse, an information communications facility and two building materials warehouse & distribution facilities