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The Connecticut Enterprise Zone Program 2004 Annual Report

The Connecticut Enterprise Zone Program 2004 Annual Report. Department of Economic & Community Development Office of Business & Industry Development Holly Camp de la Vera, Executive Director. Table of Contents. 1. Introduction Page 3

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The Connecticut Enterprise Zone Program 2004 Annual Report

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  1. The Connecticut Enterprise Zone Program 2004 Annual Report Department of Economic & Community Development Office of Business & Industry Development Holly Camp de la Vera, Executive Director

  2. Table of Contents 1. Introduction Page 3 2. Overview of Enterprise Zone Program Pages 4-5 3. 2004 Program Quick Facts Page 6 4. Certifications By Municipality and Program Page 7 5. 2004 Statistical Summary Page 8 Exhibit A-2004 Certifications by Facility Type

  3. I N T R O D U C T I O N 2004 Annual Report of the Enterprise Zone and Related Programs In 2004 sixty-six (66) companies were certified for Enterprise Zone and related incentive benefits. This represents a 4.8% increase in certification activity from the 2003 level for companies in designated zone municipalities. Also, another forty (40) pre-applications were received and reviewed in anticipation of certifications in 2005. The gross floor space of all the projects certified in 2004 was 1,355,064 square feet. In addition, 2,530 jobs were retained and 1,074 new positions were projected by certified businesses. The most active municipalities for 2004 were the cities of Waterbury, Bridgeport and Stamford with a total of thirty-eight new certifications. These represent 761,519 square feet and 605 new jobs in these needy communities. There are an additional 9 pre-applications for 2005 currently in the pipeline for these communities. Attached is a complete tabulation of activity on these programs by project type and municipality. The Enterprise Zone Program’s staff consists of Jerry Morrison, Director and Anne Karas, Program Manager. Additional staff support is provided by Edward Bona from the Office of Business & Industry Development (OBID). The Enterprise Zone Program’s webpage is accessed at www.ct.gov/ecd. 3

  4. Connecticut Enterprise Zone Programs • ELIGIBLE CLIENTS: • Manufacturers • Warehousing Distribution • Service Sector Businesses • Entertainment Related Businesses

  5. Enterprise Zone Programs • Enterprise Zones (EZ) • Urban Jobs Program (UJ) • Qualified Manufacturing Plants (QMP) • Entertainment Districts (ED) • Railroad Depot Zones (RDZ) • Enterprise Corridor Zone (ECZ) • Manufacturing Plant Zone (MPZ) • Contiguous Municipality Zone (CMZ) • Defense Plant Zone (DPZ)

  6. QUICK FACTS 1. This year 66 companies located or expanded in eligible municipalities and were certified by DECD for incentive benefits under the 19 Enterprise Zone related programs. 2. 1,355,064 square feet of new or leased building floor space was certified under the Enterprise Zone Program in 2004. 3. 2,530 jobs were retained and 1,074 new jobs were projected by certified businesses. 4. The Enterprise Zone Program website was accessed approx. 25,000 times in 2004.

  7. CERTIFICATIONS BY MUNICIPALITY AND PROGRAM

  8. 2004 Statistical Summary 1. TOTAL BUILDING SQUARE FOOTAGE 2. EXISTING JOBS 3. NEWLY CREATED JOBS

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