Contact: Adam Joseph
January 29, 2016
NEW HAVEN, CT—Plans to build a technology incubator at the former Connecticut Transit bus depot at 470 James Street moved a step closer to be becoming a reality now the State of Connecticut has committed to funding environmental cleanup at the site, announced State Senate President Martin M. Looney (D-New Haven) and State Representative Roland Lemar (D-New Haven, East Haven). $5.5 million of funding was officially approved today by the State Bond Commission.
“Innovation is crucial to Connecticut’s economic competitiveness,” said Sen. Looney. “With established companies like See-Click-Fix, Grey Wall Software and so many others, New Haven’s is emerging as a center for innovation. I want to thank Governor Malloy for his support of this important project.”
Earlier this month, the Bloomberg U.S. Innovation Index just ranked Connecticut one of the top five most innovative states in the country.
“It is very exciting to see a project that I have been involved with since the beginning come to fruition. I cosponsored the original brownfield redevelopment program that has made this funding possible and worked with the Department of Transportation and the Department of Economic and Community Development to make this funding a priority. I am so grateful that Governor Malloy also recognized the potential this project has to grow New Haven’s technology sector,” said Rep. Lemar who also served on the committee that selected the site developers.
“We are committed to remediating brownfield sites in all corners of our state, because this type of redevelopment creates jobs and improves quality of life. That’s why we’ve invested an extraordinary amount in redeveloping these sites—because we can strategically transform them to support economic development,” Governor Dannel P. Malloy said. “The technology incubator that will be created in New Haven will come with new opportunities for residents while restoring this land to viability.”
Legislative Office Building
Hartford, CT 06106-1591
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