Economic Development News & Updates in
Greater New Haven
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AstraZeneca’s Boston-area expansion poses no threat to CT presence, officials say |
New Haven officials and biotechnology sector experts say AstraZeneca’s plan to expand its footprint in Massachusetts is not expected to impact the company’s Alexion Pharmaceuticals presence in Connecticut.
Alexion has about 500 employees at the company’s research and development center on College Street in New Haven. But officials at AstraZeneca announced last week the multinational pharmaceutical giant will build a new strategic research and development center, as well as Alexion’s new corporate headquarters, in the Kendall Square section of Cambridge, Mass. Read More
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Buoyed by Yale the Life Sciences industry in Connecticut is growing at a rapid pace |
The Connecticut life sciences industry has been accelerating at an extremely fast pace. NIH funding and VC funding, which are both integral to continued growth increased 35% and 93%, respectively, since 2017. Additionally, the number of Life Sciences establishments increased 13% during that same period and created over 1,500 jobs.
As life sciences research continues to grow Connecticut, and specifically New Haven, will need state-of-the-art lab space to keep up. New Haven is the home of Yale University and is the largest life science cluster in Connecticut. On a per capita basis, New Haven ranks 2nd in the nation in NIH funding and 5th in VC funding. Developments such as Winstanley’s 525,000 s.f. building in Downtown Crossing are vital to sustain growth. The building is expected to deliver in early 2024, and is close to 90% pre-leased proving there is high demand for such space. Read More
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Five Connecticut Startups Take Home $54,000 in Grants at Latest CTNext Entrepreneur Innovation Awards in Hartford |
CTNext, Connecticut's go-to resource for entrepreneurial support, today announced the winners of the Entrepreneur Innovation Awards (EIA), held on Wednesday, May 4, at Parkville Market in Hartford. Ten early-stage companies competed for cash prizes to be used toward growing their respective businesses.
In all, CTNext awarded $54,000 to the following entrants:
- Bo-Yi (Stamford): A superfoods company bringing the health and vitality of traditional Chinese herbs to Western shelves, while honoring the rich traditions of Asian ancestry.
- Doctionary (New Haven): Creator of a digital medical keyboard to assist healthcare providers.
- Empedics (New Haven): A startup empowering emergency medicine physicians to treat musculoskeletal injuries faster.
- Sedentary Medical Solutions (Cromwell): A medical device company that keeps the elderly safe and independent.
- Lactation Consultants (New Hartford): A company developing technologies to encourage optimal breastfeeding experiences for infants and mothers and to share the data wirelessly.
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Greater New Haven Chamber Will Host First Ever Nonprofit Board Recruitment Fair as Nonprofits Look to Diversify Boards |
The Greater New Haven Chamber of Commerce is hosting its first ever Nonprofit Board Recruitment Fair, presented by The Good Karma Coffee Company, on Wednesday, May 11th, from 3pm to 5pm at Albertus Magnus College in the Hubert Campus Center, located at 700 Prospect Street, New Haven, CT 06511. This Fair is intended for those interested in serving on a board and engaging with the nonprofit community.
During the fair, attendees will be able to meet organizations with board openings, network with those who have shared passions, and learn how board service can affect change. Attendees will have the opportunity to connect directly with nonprofits to identify if their mission aligns with values and interests. Read More
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May 17 & 18 Yale Innovation Summit: New Venture Haven at the Omni New Haven Hotel at Yale Read More
5/17 noon SBA presents Infrastructure Investment Act Funding Coming to CT Read More
Cupcake business debuts retail store at Milford mall Read More
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