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Shoreline Economic Strategic Planning Summit

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A Regional Perspective of South Central Connecticut, including the towns from Milford to Meriden to Madison.

Published in: Economy & Finance
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Shoreline Economic Strategic Planning Summit

  1. 1. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com A Regional Perspective March 28, 2016 Ginny Kozlowski, Executive Director Shoreline Economic Strategic Planning Summit
  2. 2. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com REX Development, formerly known as the Regional Growth Partnership (RGP), was formed in 1996 as the economic development public/private corporation of the South Central Regional Council of Governments, serving the 15 municipalities in the Greater New Haven Region. The primary mission of RGP was to encourage cohesiveness between the public and private sectors in the development of policies and programs designed to make the South Central Region a vibrant, sustainable and competitive economy. RGP developed the region’s Comprehensive Economic Development Strategy in 2003 and 2008. Purpose of REX Development/Regional Growth Partnership Public Sector Private Sector RGP/REX Development
  3. 3. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com Shoreline Demographics Population 2010 2014 Projected 2020 Branford 28026 28066 27346 Guilford 22375 22405 22426 Madison 18269 18284 18036 North Branford 14407 14387 14378 83077 83142 82186 Households Branford 12739 12410 Guilford 8715 8814 Madison 6971 6727 North Branford 5441 5549 33866 33500 Household Income Branford $70,640.00 $71,058.00 Guilford $98,411.00 $99,441.00 Madison $108,175.00 $108,231.00 North Branford $80,618.00 $87,408.00 Avg $87,115.85 $88,698.50 Median Age Branford 47 48 Guilford 46.6 48 Madison 46.6 47 North Branford 44.6 46 Region 46.2 47.25 40
  4. 4. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com Employment Data by Cluster for the South Central Region
  5. 5. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com New Haven County 59%New London County 13% Fairfield County 12% Hartford County 12% Middlesex County 2% Tolland County 2% CT Bioscience Companies by County
  6. 6. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com Bioscience Companies in New Haven County - 2015 Non-Profit Healthcare/Life Sciences 2% Large Pharma 1% Biotech with Therapeutic Area Focus 25% IT based Healthcare Technology 6% Diagnostics and Devices 24% Life Science Based Consulting Companies and Service Providers 9% CRO/Technology Based Service Providers 25% Technology Based Product Companies 7% Agriculture Based Companies 1%
  7. 7. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com Shoreline BioTech Businesses 545 Long Wharf Drive, 4th Floor, New Haven, CT 06511 T 203-821-3682 www.rexdevelopment.com • Ancera • Axerion • Mount Sinai • AxioMx • Beta Pharma • Durata Therapeutics • GestVision • Affomix • Forma Therapeutics • Isoplexis • NovaTract Surgical • PhytoCeutica • mAbChem Lab • Bio-Med Devices
  8. 8. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com Shoreline Tech Businesses 545 Long Wharf Drive, 4th Floor, New Haven, CT 06511 T 203-821-3682 www.rexdevelopment.com • Clarity Software • Progressive Business Solutions • FreeThink Technologies • Core Informatics • AOS • Defibtech • Prime Technology • RAM Technologies • SLG Technology • Anchor Science • Expertool Software
  9. 9. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com Transportation • Rail • 39 million riders on the New Haven Line annually • Union Station (New Haven) is the10th busiest Amtrak station in the U.S. • NEC Future Advocacy • Bus • 43,000,000 riders 2015 CT DOT Fast Facts Report 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 Shore Line East Ridership 2008 483,700 2015 660,000
  10. 10. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com Higher Education STUDENT POPULATION Yale University Total Enrollment: 12,336 Undergraduate: 5,453 Number of Employees: 14,552 Southern Connecticut State University Total Enrollment: 10,224 Undergraduate: 7,762 Number of Employees: 1,002 Quinnipiac University Total Enrollment: 9,035 Undergraduate: 6,553 Number of Employees: 1,194 Gateway Community College Total Enrollment: 8,200 Undergraduate: 8,200 University of New Haven Total Enrollment: 6,811 Undergraduate: 5,048 Number of Employees: 1,022 Middlesex Community College Total Enrollment: 3.005 Undergraduate: 3,005 Albertus Magnus College Total Enrollment: 1,550 Undergraduate: 1,256 Paier College of Art Total Enrollment: 129 Undergraduate: 129 Sources: Yale Fact Sheet 2014-2015, Southern Connecticut Semi-Annual Statistical Report: Spring 2014,University of New Haven Fact Sheet 2014, College Navigator
  11. 11. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com • REX, the City of New Haven and Gateway Community College collaborated to develop a new certificate program • Bioscience Career Ladder at Southern Connecticut State University • Bioscience Clubhouse, CURE & The Grid • New Haven Manufacturers Association • Presentations at local colleges and universities 545 Long Wharf Drive, 4th Floor, New Haven, CT 06511 T 203-821-3682 www.rexdevelopment.com Preparing the Workforce
  12. 12. 545 Long Wharf Drive, 4th FL, New Haven, CT 06511 T 203 821 3682 www.rexdevelopment.com We appreciate this opportunity to share with you the purpose, actions and accomplishments of REX Development. We look forward to the future growth along the shoreline, the region, the state and the nation. Thank You! 545 Long Wharf Drive, 4th Floor, New Haven, CT 06511 T 203-821-3682 www.rexdevelopment.com

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