Branford Center is currently targeting companies from the below industries. Expand each industry for more context.
This sector is pivotal due to Branford Center's growing population and the increasing demand for health services. It encompasses hospitals, clinics, and social services, providing numerous employment opportunities.
Retail trade thrives in Branford Center, serving as a vital component of the local economy by offering a variety of goods and services to residents and visitors. This sector includes everything from small boutiques to larger grocery stores, contributing significantly to employment and economic activity.
With a focus on quality education, this sector is essential for the development of a skilled workforce and the overall growth of Branford Center. It includes public and private schools, colleges, and training centers, playing a crucial role in community development and lifelong learning.
Branford Center Economic Development Team
Terence Elton
Manager, Special Projects And Economic Development
Town Of Branford
Taxes in Branford Center, CT
Sales Tax: The sales tax rate is 6.35%, which equates to $6.35 per $100.
Corporate Income Tax: The corporate income tax rate is 7.5%, translating to $7.50 per $100.
Property Tax: The property tax rate varies by municipality, but for a general understanding, it can be around 2.07% on average, or $2.07 per $100.
More comprehensive tax data for Branford Center is coming soon!
Featured Profiles
Business and Tax Incentives in Branford Center, CT
Branford Center offers a variety of economic incentives to help businesses at the local, state, and federal level.
Urban and Industrial Sites Reinvestment Tax Credit
This incentive offers tax credits against Connecticut state corporate taxes for investment in urban and industrial site development. The goal is to encourage the revitalization of underutilized or abandoned properties for economic development purposes.
Connecticut Small Business Express Program (EXP)
This program provides loans and grants to Connecticut's small businesses to spur job creation and growth. It is designed to provide accessible financial assistance to small businesses and entrepreneurs within the state.
Manufacturing Assistance Act (MAA)
The MAA provides direct financial assistance for projects that support economic development and innovation in manufacturing. The program aims to strengthen Connecticut’s manufacturing sector by supporting modernization, innovation, and growth of businesses.
Reviews
Let’s see what local businesses have to say about doing business in Branford Center.
FAQs about Branford Center, CT
Branford Center's attractiveness to new businesses lies in its strategic location, with easy access to major highways and proximity to New Haven, a skilled and educated workforce, and a supportive business environment. Additionally, the town's quality of life, diverse industries, and economic development incentives make it an appealing choice for entrepreneurs and companies.
Branford Center, through initiatives like the Connecticut Small Business Express Program, offers financial assistance to startups and small businesses to foster job creation and growth. The local economic development commission and chamber of commerce also provide resources, networking opportunities, and support to help small businesses thrive.
Yes, businesses investing in Branford Center can benefit from state-level incentives such as the Urban and Industrial Sites Reinvestment Tax Credit, which offers tax credits against Connecticut state corporate taxes for investments in urban and industrial site development. This incentive aims to encourage the revitalization of underutilized properties for economic development.
Industries thriving in Branford Center include healthcare and social assistance, retail trade, and educational services. These sectors benefit from a growing population, a demand for quality education, and a diverse retail landscape, offering various employment opportunities and contributing to the local economy.
Businesses in Branford Center can access financial assistance and resources through programs like the Connecticut Small Business Express Program, which provides loans and grants. Additionally, the Branford Economic Development Commission and the Branford Chamber of Commerce offer guidance, support, and networking opportunities to help businesses succeed.
Education plays a crucial role in Branford Center's economic development by fostering a skilled workforce and supporting lifelong learning. While there are no higher education institutions within Branford Center, its proximity to New Haven allows easy access to prestigious universities, thereby enhancing the local talent pool and contributing to the community's growth and innovation.
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