NEW HAVEN, Conn. (WTNH) — With several technology start-ups already in New Haven, city officials envision it’s future as one tied to a knowledge-based economy. An “innovations grant” from the state announced Wednesday is to help support those ideas.
Obvious selling points to attract talent to New Haven include several research universities in the area and its location with rail service between New York City and Boston. In total, the state grant comes out to $50,000 to help attract and expand the technology sector here. It’s only a planning grant and city officials hope to use these funds to meet with existing companies like “see-Click-Fix and Make-Haven, to better understand how the city can help cultivate an environment conducive to technology start-ups.
“Studies have shown that job growth occurs not necessarily in large companies, not necessarily in small companies, but in new companies that have potential,” said State Senator Pro Tem Martin Looney (D-New Haven). “That is where growth is most likely to occur.”
“New Haven must be supported,” said New Haven Economic Development Director Matthew Nemerson. “We’re so delighted to have this first grant. But when we go forward, we’re looking forward to next round of grants, which we hope will be in the millions.”
Nemerson is referring to the next round of grants they’ll be applying for where the award is much more, about $5 million a year, over a span of several years.