Many positive developments continue to
take place in Waterbury these days as we advance our economic development
strategy with public and private investments that are producing solid returns.
This is evidenced by many new businesses coming to Waterbury, creating hundreds
of new jobs.
The years 2014, 2015 and 2016, so far, have
seen the establishment of more than 40 new businesses and 1,375 new jobs
through the direct involvement of our Economic Development Team. More than a
dozen existing companies expanded, creating an additional 100 jobs, and we
already have several new companies accounting for 800 jobs that have committed
with letters of intent for 2016.
That’s nearly 2,200 new jobs. And there’s
MacDermid Performance Solutions, a
subsidiary of Platform Specialty Products Corporation, announced this spring
the creation of 80 new jobs at its Waterbury headquarters on Freight Street.
These positions include accountants, clericals, human resources, researchers,
engineers and executives with salaries ranging from $50,000 to $250,000. This
comes on top of 40 jobs MacDermid added to its Waterbury operation in the past
year in Waterbury
Luvata, an anchor of the Waterbury
Industrial Commons and the world’s largest manufacturer of superconductive
wires used in medical-diagnostic systems, recently added 40 new as part of an
expansion of its massive Waterbury plant.
And there’s more.
Waterbury, a city of wonderful pizzerias, will
add one of the most famous pizza places in the world to its stable of great
restaurants when Pepe’s Pizza of New Haven opens this year off Reidville Drive
in the East End of town.
Plans are also moving forward to bring Car
Max, pre-owned car retail giant, to Progress Lane, in an enterprise that will
create 160 jobs.
And Waterbury in 2016 will become home to
the Northeast’s largest indoor fish farm when Great American Aquaculture opens
a plant on Avenue of the Industries, where they will produce and harvest
European Sea Bass. This will allow area residents to get the freshest possible
version of one of the world’s most popular seafood.
Why are these companies choosing
Our City is strategically located at the
junction of Interstate 84 and Route 8. We are just two hours from Boston, 90
minutes from New York City and a 30-minute commute to Hartford, Bridgeport, New
Haven and Danbury. We have a skilled workforce that combines an old-fashioned
New England work ethic with state-of-the-art training in the latest technology.
Among our new businesses are a good cross
mix of manufacturing, retail, restaurant and professional enterprises, allowing
for continued expansion and diversification within the City’s employment base.
The retail sales strength of our City starts with a population that exceeds
110,000 and continues with the strong demographics of affluent neighboring
communities that depend on our retail base for goods and services.
And the ongoing project to widen
Interstate 84 through Waterbury will continue to bring more visitors to our
One Waterbury success story is the Texas
Roadhouse, a restaurant that opened last year on Reidville Drive. The typical
wait for a table on a weekend night can be 45 minutes or longer because of this
family establishment’s growing popularity. The Texas Roadhouse in Waterbury has
fast become one of the top-performing stores in a nationwide chain of more than
Another Waterbury highlight is the
commitment from King Industries Inc., of Norwalk, Conn., to construct a
state-of-the-art manufacturing complex that will provide an estimated 60 jobs
and, upon completion, even more full-time manufacturing jobs. King Industries broke
ground this past September on 10 acres of a Brownfield industrial-use property
the City acquired, remediated and sold to them at an extremely competitive
price. King Industries is currently constructing an 80,000-square-foot industrial
manufacturing complex – an investment of more than $50 million in Waterbury.
Waterbury remains the state’s leader in Brownfields
identification and redevelopment. In fact, the U.S. Environmental Protection
Agency in May 2016 honored Mayor Neil M. O’Leary for his work in Brownfield
redevelopment and community revitalization in Connecticut’s fifth-largest city.
Mayor O’Leary was among several winner recognized at the EPA’s 2016 New England
Environmental Awards in Boston. The agency honored O’Leary with its Individual
Award for his work in cleaning many of Waterbury’s Brownfields, remnants of the
city’s industrial past, and turning them back into usable, taxable property.
was the recipient of the historic TIGER Grant and we continue to make progress
on this plan. This $19 million project is a game-changer for our City in so
many ways. With plans already underway to improve the Waterbury rail branch,
this project will enhance mass transit in our City while highlighting the
beauty and viability of our Downtown. The TIGER Grant and the rollout of
Waterbury NEXT will transform our City. Waterbury NEXT represents an almost $20
Million public-private investment in revitalizing our downtown, which has drawn
the interest of several outside investors. These projects are part of Governor Dannel
Malloy’s overall commitment to investing in housing, jobs and economic
development to revitalize cities and downtowns across the state.
bottom line, as Mayor O’Leary often says, is that “Waterbury is open for