Middlesex County Commercial Real Estate Investments

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ommunity leaders in             and operating expenses are below
Cromwell, Connecticut have      the average rates found in cities
long focused on the             such as Atlanta, Chicago,
development of its industrial and     Baltimore, Boston and New York.
commercial interests as a
priority. They know the               Recognizing the need for a
importance of keeping the proper      prepared, available workforce,
balance and perspective of job        the Growth Council has been
creation, commercial development      instrumental in developing demand
in tune with modern residential       driven training modules to
community development thus            support and help businesses grow.
maintaining the famous Cromwell       The public officials throughout
lifestyle.                            the MetroHartford region have
                                      participated in the Growth
MetroHartford is known for its        Council's nationally recognized
highly educated and skilled           "Economic Development for Public
population, which creates a great     Officials" education program to
available work force. The             increase their knowledge of the
Cromwell area commercial and          business development process.
industrial complexes boast their      They understand the importance of
worker productivity 6% above the      working with business needs and
national average. The cost of         are ready to facilitate
operating in MetroHartford area       relocation or expansion efforts.
competes favorably with other
major metropolitan areas. Based       Lets look at another important
on needs and preference, office       factor in modern commercial and
and commercial space is available     industrial development; taxes.
to satisfy a diversity of needs &     Sales tax here is 6%. The State
can easily be found throughout        Corporate Income Tax rate is
the region. Office lease rates        7.5%. Connecticut has no state

property tax. Each municipality       area growth and attraction
assesses property at 70% of value     featuring recognized business,
and sets its own tax rate.            political and sports figures
Occupancy Tax for rental of hotel     nationwide. In addition, the
rooms for 30 days or less is 12%.     Chamber has developed 17 Business
                                      Councils to address commercial
Energy Reliability and Efficiency     and industry specific issues:
is of the utmost importance here.     Automotive, Business/Education,
The area is proud of power            Environment & Land Use, Golf,
reliability and you will hear         Health Care, Home-Based Business,
that even during most of the          Hotel/Restaurant, Insurance,
nations famous blackouts,             Legislative, Manufacturers, Loss
Hartford's lights were on!            Prevention, Rail, Real Estate,
Connecticut's conservation binge      Sport Events, Technology,
has never fluctuated when it          Transportation and Young
comes to efficient use of energy.     Professionals' Alliance. The
According to a recent University      Chamber has a number of special
of Connecticut study, the state's     programs including: the Business
energy consumption is now 28%         Education Partnership Program;
below the national average. Not       the Middletown Mentor Program;
only does Connecticut use less        Workforce Development Programs;
energy than most states, it uses      the Business Resource Center; the
that energy more efficiently.         Middlesex County Substance Abuse
Business and Commercial operation     Action Council (MCSAAC), and The
here can budget much less in all      Connecticut Career Choices and
of the energy columns on their        Job Training Program.
spreadsheets.
                                      The Middlesex County Chamber of
The Middlesex Chamber of Commerce     Commerce Employee Assistance
has been instrumental in recent       Program is designed exclusively

for Chamber members and               residential investment today, and
especially for smaller employers.     is situating itself for a
The program is provided by            continued booming economic
Middlesex Hospital and Solutions      future. Transportation access,
EAP, a program of Behavioral          energy costs, infrastructure,
Health Connecticut, LLC. Now          quality of life, proud and caring
employers of all sizes can            city fathers, climate and
benefit from EAP services at          location all offer testimony to
affordable prices. This Chamber       the fact that this area of
is and will continue to be a          Middlesex County is an economic
motivating factor in Cromwell and     power house now and will continue
Middlesex continued economic          to be that for the foreseeable
boom.                                 future. The Cromwell area and the
                                      entire MetroHartford Region
In summary, Cromwell offers the       boasts a strategic location
best of the best for                  poised for growth.
commercial/industrial and

About the Author:

Bob carefree is an expert in Middlesex County Commercial Real Estate