2 - Town of Colchester
2 - Town of Colchester
2 - Town of Colchester
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Employment Trends<br />
Employment<br />
1960 963<br />
1970 1,520<br />
1980 1,700<br />
1990 3,050<br />
2000 3,450<br />
2010 4,150<br />
2020 4,850<br />
Source: CT Labor Department, projections<br />
by Department <strong>of</strong> Transportation in italics.<br />
INVENTORY & ASSESSMENT<br />
<strong>Colchester</strong> is a sub-regional center as evidenced by the fact that <strong>Colchester</strong> has more jobs than any <strong>of</strong> the surrounding<br />
towns and higher retail sales and economic output than any <strong>of</strong> the surrounding towns. While most business uses are<br />
concentrated in the <strong>Town</strong> Center and in the Westchester area, some uses are also spread out along major arterial roads<br />
where business or industrial zones have existed.<br />
In the telephone survey, <strong>Colchester</strong> residents generally agreed that:<br />
• attracting more business and industry would make the town a better place to live,<br />
• the town should do more to attract business and industry to town, and<br />
• the town should be doing more to expand tax revenues from business and industry.<br />
Would More Business Make <strong>Colchester</strong> a<br />
Better Place<br />
Should <strong>Colchester</strong> Attract New Business<br />
and Industry<br />
Should <strong>Colchester</strong> Expand Tax Revenue<br />
from Business and Industry<br />
A Better Place 56% Should Do More 59% Should Do More 53%<br />
Depends 7% Done Enough 32% Done Enough 29%<br />
No Difference 18% Done Too Much 8% Done Too Much 5%<br />
A Worse Place 18% Don’t Know 2% Don’t Know 13%<br />
Don’t Know 1%<br />
Should <strong>Colchester</strong> Encourage Business Should <strong>Colchester</strong> Encourage More<br />
Growth Only Near The <strong>Town</strong> Center Retail Development in Westchester<br />
Strongly Agree 26% Strongly Agree 41%<br />
Mildly Agree 23% Mildly Agree 31%<br />
Mildly Disagree 20% Mildly Disagree 13%<br />
Strongly Disagree 29% Strongly Disagree 10%<br />
Don’t Know 3% Don’t Know 6%<br />
Overall, there appears to be a demand in the <strong>Colchester</strong> area for additional retail and service businesses to serve the needs<br />
<strong>of</strong> residents <strong>of</strong> <strong>Colchester</strong> and surrounding communities. In addition, <strong>Colchester</strong>, due to its strategic location and well<br />
qualified labor force, has the potential to establish a high-quality business park for <strong>of</strong>fice, research, and light industrial<br />
uses.<br />
Thus, <strong>Colchester</strong> has an opportunity to promote appropriate economic development through:<br />
• development <strong>of</strong> business parks, and<br />
• appropriate siting <strong>of</strong> retail and service uses to meet local and regional needs.<br />
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