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President's Message

There is Good News in Connecticut's Economy

Hello and welcome to the October edition of the CERC e-news. I’d like to spend a bit of time talking about our Celebrate CT! event, which is coming up on December 5th. We’re going to hold it at Infinity Hall in Hartford - and we’re moving to a new location as our old location has gotten pretty tight. We hope to have a celebration with a little different vibe, and hope that you will come and join us.

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Takeaways from the 2018 IEDC Conference

In this episode of CERCONOMY, Bob Santy shares the major takeaways from the recent conference of the International Economic Development Council and the importance for Connecticut to continue creating great places through inclusive economic development, and creating demand driven workforce development. 

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The New Opportunity Zones Tax Incentive

In this episode of CERCONOMY, Bob Santy, CERC’s President & CEO welcomes Liddy Karter, of Enhanced Capital, to discuss the new Opportunity Zone tax incentive, and what it means for Connecticut.  Bob and Liddy share insights into the specifications of Opportunity Zone funds, what makes the Opportunity Zones program unique through the types of investments, and provide resources for more information.

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Affordable Housing and its Role in Economic Development

Welcome to the September edition of the CERC e-news. As you can see, we are here today at the Connecticut Housing Coalition Annual Conference. Courtney Hendricson, our Vice President of Municipal Services and I just completed a workshop on affordable housing and its role in economic development. Our overriding premise is that demand for different housing choices is changing in Connecticut. And towns have certain issues that they face, particularly in their grand list - and the residential component of their grand list not holding up.

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Connecticut's Opportunity Zones

Hello and welcome to the August edition of the CERC e-newsletter.

This month I want to talk about Opportunity Zones.  Opportunity Zones are included in the new federal tax legislation and its a new tool for economic developers to bring investment into your communities.  You have to be a designated opportunity zone and there are 27 communities in Connecticut that have 72 opportunity zones.

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The Anatomy of a Deal

Last month we talked a little bit about golf as we were at the Travelers Championship and this month, let me remind you all that on Monday, we’re hosting the annual CERC golf tournament - and we’re actually doing it a little differently this year.  We’re having golf starting at 7:30 in the morning, and then a luncheon at 1:30 with a panel. 

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Working Together on an Economic Development Deal

Well… obviously I am not in the office today.  Once again, we’re at the Travelers Championship at the TPC in Cromwell. Many of you know that for the last few years, we’ve done the economic impact analysis for the tournament and we were able to announce, earlier this year, a $68 million dollar impact that this tournament has on the state’s economy. Economic impact analyses are something we do for a number of clients across the state.

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The Opportunity of Being Part of a Transformational Process

Did you ever think of all the people ...and disciplines… it takes to create a successful economic development deal? Some probably don’t identify that as their occupation... land use attorney, environmental engineer, housing advocate, P&Z member, developer, owner, commercial broker, construction manager, the list goes on and on. Each of these professionals is impacting the development and therefore the character of their communities. Think of how we could improve our communities and our economic growth if we got everybody to think of themselves as a team member... we could streamline regulations, shorten the approval time, get community input in a useful manner, etc.

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by Bob Santy  |    |  Comments 

Collaboration at Work

I am honored to serve on the Working Cities Challenge Advisory Committee for the Federal Reserve Bank of Boston.  We had our latest meeting yesterday and were joined by the five cities in Connecticut that were chosen to participate for the next three years in solving problems on the ground through collaborative efforts of cross sectors within their communities. It was also interesting that several of the researchers from the Federal Reserve Bank were there to talk about preliminary research they’re doing on whether collaborative efforts actually result in better economic growth for a region. I’m fascinated by this.

Of course, we believe in Collaboration at Work here at CERC and we really take that very seriously. I think that over the next year or so there are going to be a number of collaborative efforts that might be able to show that through collaboration economic growth is the result. Let me just talk about some of them…

  • We want to convene a cross-sectoral group that’s involved in development from land use attorneys, environmental and civil engineers, commercial brokers, contractors, construction management firms, all to be convened with state and municipal officials to talk about the things that really make economic development happen in our state.  
  • We want to develop a protocol with regional economic development organizations on business recruitment in the state of Connecticut.
  • We want to consciously seek out efforts to work with more than one town so that towns can come together and work on regional economic development issues.  And we want to convene those business service providers that help businesses get information in order to start and grow their businesses.
  • We also want to work with data advocates to make sure we have the best possible data available to support economic development policies.

So as you can see, we really believe in Collaboration at Work and we think that can result in economic growth for Connecticut.

by Bob Santy  |    |  Comments 

Regionalization and Collaboration in Economic Development

Hello and welcome to the March edition of the CERC e-news.

Many of you were likely at the Governor’s Economic Summit on Monday.  It was one of the best, I think, that we’ve had since Governor Malloy has been in office, with both his message, and the message from the Fiscal Stability and Economic Growth Commission.  Along with a panel discussing regionalization and collaboration in economic development, there was a workshop to talk through some of those issues.  I found that fascinating and those of you who’ve been around awhile know regionalization is something that I’ve studied and advocate.

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