26.01.2015 Views

2 - Town of Colchester

2 - Town of Colchester

2 - Town of Colchester

SHOW MORE
SHOW LESS
  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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 />

72

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!