(A) The goal of this economic development incentive policy is to strengthen Hamden's manufacturing, technology and commercial tax base and produce a viable tax revenue stream.
(B) The objectives of this policy are as follows:
(1) To ensure that Hamden remains a competitive business location in both the state and the region;
(2) To encourage the retention and expansion of existing businesses;
(3) To aid in the location of new businesses to Hamden;
(4) To encourage the redevelopment and adaptive reuse of obsolete or distressed properties which pose special development problems because of their age, configuration and location;
(5) To assist in the redemption and redevelopment of contaminated industrial and commercial sites;
(6) To support the economic development of Hamden's Enterprise Zone and encourage the location and expansion of manufacturing and warehouse/distribution businesses throughout town in conjunction with the town's state designation as a targeted investment community;
(7) To support economic development in Hamden's Neighborhood Revitalization Zones; and
(8) To aid major new industrial or commercial developments, which, through the extension and improvement of public infrastructure, will create parcels suitable for, industrial, commercial or mixed use development projects where town participation makes the project both feasible and competitive, or where the town's contribution creates new industrial parks or businesses.
(Ord. 384, passed 10-19-08; Am. Ord. 446, passed 10-1-01; Am. Ord. 510, passed 2-7-05; Am. Ord. 562, passed 7-7-08; Am. Ord. 613, passed 1-3-12; Am. Ord. 654, passed 1-5-15)