Dale Kroop, Director
call (203) 287-7030
State Enterprise, Urban Jobs & Railroad Depot Zone
The Town offers significant tax abatements to manufacturers, warehousing and distribution companies, and certain service businesses locating to, or expanding in, Hamden's Enterprise Zone in Highwood neighborhood (click to see list of streets) and in the Town's Railroad Depot Zone if they make real property improvements that increase the property's assessed value. Some benefits for manufacturing may be offered in the State Street Neighborhood Revitalization Zone and the Urban Jobs Program.
The types (SIC codes #2000 - 3999 inclusive with some additional codes) of eligible businesses are predetermined by the State Department of Economic and Community Development.
· A maximum of a five-year, 80% abatement of local property taxes on qualifying real and personal property subject to the property being "new to the grand list".
· Up to a ten-year, 25% credit on that portion of the state's corporation business
tax that is directly attributable to a business expansion or renovation project as determined by the CT Commissioner of Revenue Services.
Application and Certification Process:
The applicant must submit an application through the Economic Development & Neighborhood Revitalization Department at (203) 287-7030 or email before initiating the eligible project. The request will be reviewed and approved by the State of Connecticut.
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