Economic Development News & Updates in
Greater New Haven
New Airline Commits $1.2M To Tweed Terminal Renovation
Avelo Airlines has committed to investing $1.2 million in upgrading Tweed New Haven Airport’s existing terminal, as the airline prepares to kick off new flights out of the East Shore airport starting in September.

Airport Manager Sean Scanlon made that announcement in an email press release sent out Thursday morning.

He wrote that the airport’s authority voted on Thursday to approve a new, three-party agreement between the authority, the airport’s long-term operator Avports, and Avelo, “America’s first new mainline airline in 15 years”.

As part of that newly inked agreement, Avelo will send $1.2 million to the authority for “various upgrades to the airport’s existing terminal, administrative building, parking, and other areas, all aimed at improving customer experience as Avelo readies to begin operations at Tweed in the third quarter with nonstop scheduled service to several popular destinations.” That $1.2 million from Avelo is in addition to the $2.8 million that Avports has already committed to renovating the existing terminal. Read More
Avelo Logo
Governor Lamont Announces Time for CT: An Actionable Plan To Deliver Faster Trains and Improved Travel Time in Connecticut
Governor Ned Lamont and Connecticut Transportation Commissioner Joseph Giulietti revealed TIME FOR CT, the actionable plan to deliver the Lamont administration’s vision for safe, reliable, and fast train service in Connecticut – saving people up to 10 minutes in their commutes by 2022. The plan also shows that with investment in infrastructure and the rail fleet, future super-express service will save people up to 25 minutes by 2035.
TIME FOR CT is an $8 to $10 billion comprehensive investment program that, with funding, can provide additional capacity and improve needs, frequency, and reliability throughout Connecticut. The benefits include:

  • Save 10 minutes of travel time by 2022
  • Reduce travel time by 25 minutes by 2035
  • Use existing assets and stay within existing right-of-way
  • Reduce impacts of climate change by attracting more people out of their cars
  • Improve the resiliency of the New Haven Line
  • Provide a new fleet for faster trip times and an improved passenger experience
  • Improve access to education, jobs, and urban centers
  • Support economic recovery from COVID through improved service
  • Generate an estimated 45,000 direct construction jobs over 15 years

Full details on TIME FOR CT, including the New Haven Line capacity and speed analysis, the executive summary, and the TIME FOR CT rail map, have been published online at Read More
Time for CT Rail Plan
186 More Wooster Sq. Apts. Planned
Yet another batch of apartments are on tap for Wooster Square’s expanding downtown edge — and a closed road will reopen.

A New York developer plans to build those 186 market-rate apartments and open Fair Street — next to where he is almost done building 299 apartments.

Epimoni President Darren Seid detailed the plans Thursday night during a virtual community meeting hosted by the city’s Economic Development Administration and Hill Alder Carmen Rodriguez.

The focus of the hour-and-a-half-long Zoomed meet up was the future of 20 and 34 Fair St. Read More
More News & Events
Connecticut to pay unemployed workers $1,000 to get back to work Read More

UConn’s Connecticut Brownfields Initiative to Provide Support to Municipal Entities and Others Who Are Seeking EPA Brownfield Assessment and Cleanup Grants: Application Deadline is July 15, 2021 Read More

On-Site Vaccination Clinic Toolkit Read More

$1M grant saves legendary New Haven nightclub Toad's Place from 'utter devastation' Read More

7/8 2 p.m. SBA presents Getting Back on Track: Help is Here - Educational Webinar Series Read More