The mission of the Economic Development Administration, is to advance New Haven as a model, modern, world-class city, in which everyone who wants a well-paying, career-oriented job can find one, by (1) facilitating commercial development, (2) attracting quality businesses and investment, and (3) expanding the breadth and quality of overall employment.
Economic Development addresses these three goals by pursuing four specific objectives:
Attracting and retaining quality companies: Securing public-sector investment and private-sector partners that will build on New Haven’s advanced manufacturing, high technology, food processing, health care, and life science industry clusters.
Developing local jobs and businesses: Providing small businesses, particularly minority-, woman-, and locally-owned small businesses, with the access to resources to grow in New Haven, and preparing City residents of all backgrounds for sustainable employment opportunities.
Revitalizing New Haven’s neighborhoods: Fostering mixed-use development that accelerates the formation and enhancement of distinctive, welcoming communities downtown and throughout the city; partnering with community stakeholders and accomplished developers to offer residents of all circumstances high-quality housing and retail options; and promoting the growth of diverse educational, artistic, and cultural amenities that augment New Haven’s status as a leading recreational destination.
Improving New Haven’s global competitiveness: Enhancing New Haven’s competitive stature regionally, nationally, and internationally, and means of access to the world, by increasing its connectivity at and through State Street and Union Station and Tweed-New Haven Airport and creating new transit alternatives that align with the city’s essential quality of life.