Working in Milford
Milford is in the midst of an economic renaissance with an explosion of new businesses moving into town. Our business development significantly outpaces all other surrounding Connecticut towns and our commercial spaces have an impressive 96 percent occupancy rate. Last year we saw over $100 million in new construction, and over the past two years we’ve experienced a 26 percent increase in new business growth above and beyond what Milford has ever experienced. As a result of the influx of new businesses and the expansion of existing businesses, our Grand List swells, with the highest number of new business starts in over a decade (a 24% increase since 2008.) There was a 6.8% increase in new business starts from 2017-2018 alone.
We continue to hold strong each year, significantly outpacing all surrounding municipalities. Out of 169 municipalities, Milford is ranked ninth in the State of Connecticut and first in New Haven County. This growth has allowed Milford to cut taxes for three consecutive years, furthering small business growth and helping household reductions. As we continue to reduce Milford’s mill rate, which at 27.71 mills, is already far less than any of our neighboring communities, businesses continue to invest in the community because of the low cost of doing business here.
“Milford offers and unmatched quality of life, with 17 miles of shoreline, the longest in the State, we offer pristine beaches and marine opportunities, world class restaurants and theater. It is centrally located with the main railroad running right through the heart of our quaint downtown area, quickly linking you to Boston or New York and major airports. We have more on and off exits than any other city in the State of Connecticut making this a desirable place to do business. Deep-water ports are right next door in New Haven and Bridgeport along with an active public transient marina in our vibrant downtown. As we head into our fourth consecutive year of tax cuts, our grand list continues to swell and remains the largest in New Haven County. New businesses are moving in at a quick pace with more new business in 2018 than over a decade. A AAA bond rating allows businesses and residents the reliability of a healthy government. We are a diverse community with a wealth of qualified highly educated employees to meet any company’s needs. We are proud to have a top rated educations system with a 97.7% graduation rate. The heart of Milford lies in its community committed to non-profit support with fundraisers abound, this City takes care of each other.”
-Julie Nash, Director of Economic Development for the City of Milford
Business likes to be close to major roadways like I-95, the Merritt Parkway and US 1. It likes to be on the main railroad line from Boston to New York served by Amtrak and MetroNorth. Business needs to be close to major airports like Bradley, JFK, TF Green, LaGuardia, Newark and regional airports like Tweed New Haven and Sikorsky. Deep-water ports are right next door in New Haven and Bridgeport.
Business likes Milford and Milford likes business.
If you want to make Milford home to your business, contact the Director of Economic Development, call Julie Nash at (203) 783-3230 or e-mail email@example.com.
For information on available sites, look to our Real Estate Firms members.
Enroll Your Business in I LOVE LOCAL!
The Milford Regional Chamber of Commerce is launching the “I Love Local” Gift Card Program that encourages consumer activity across the Milford Region. These gift cards are popular gifts – ensuring that we keep consumer spending local – supporting local businesses! Each year, thousands of dollars in gift cards will be sold to consumers to use at any of our participating businesses. In markets similar to ours, that equates to nearly $500,000 annually.
How does it work?
Participating businesses will process the cards through our secure third-party website/app utilizing your own unique username and password. When a patron seeks to redeem a card for purchase, you simply login to either the website or app, enter your business’s username and password, and then enter the card number and amount to be charged. It’s that easy. Each month-end, the MRCC will ACH the participating businesses the associated revenue utilized the prior month. The only cost/fee charged to a business is a flat 5% fee to cover the Chamber’s administrative costs!
Members of the Milford Regional Chamber of Commerce, along with the members of other Milford based business organizations, can opt-in to this amazing program by emailing: Simon at firstname.lastname@example.org or Maggie at email@example.com.
7 Reasons Why Milford is an Ideal Location for Your Business
- More on and off exits than any other city in the state.
- A diverse community with a wealth of qualified, highly educated employees meets any company’s needs.
- A commitment to sustainability (EPA Energy Award for 16 public buildings).
- Centrally located between Stamford, Hartford, New York, and Boston.
- An unmatched quality of life, with 17 miles of shoreline, the longest in the state. Milford offers pristine beaches and marine opportunities, world-class restaurants, two theaters, and festivals.
- With an active harbor and a train stop located downtown, Milford abounds with transit options for incoming and outcoming clients and employees.
- A community committed to non-profit support with plenty of community-based events.
Up to date information regarding Milford’s population, major employers, education, fiscal issues, labor force, and housing is provided by CERC. CERC is a nonprofit corporation and public-private partnership that provides economic development services consistent with state strategies, leveraging Connecticut’s unique advantages as a premier business location.
Financial, Legal, and Other Professional Services
Consult the MRCC business directory for financial, legal, and other professional services.
Consult the MRCC Member Employment Listings for available job openings.
Where Business Connects