The Hartford Area Development Corp. (HADC) is continuing to invest in the city’s future by purchasing a 40-acre tract of land abutting the Dodge Industrial Park in Hartford.
TheHartford Area Development Corp. (HADC) is continuing to invest in the city’s future by purchasing a 40-acre tract of land abutting the Dodge Industrial Park in Hartford.
The agency also plans to purchase at least 24 additional acres later this year.
By selling the Innovation Center to long time tenant Key Logo Inc. last December, the HADC freed up funds to acquire the 40-acre parcel.
The intent of the incubator concept is to assist start-up businesses so they can grow and graduate into building or buying their own facilities.
The marketing efforts of the HADC to fill the Dodge Industrial Park, have left Hartford with only a few remaining parcels for sale. Long-range planning indicates that the area between the Dodge and Western Industrial Parks is slotted for industrial development.
The HADC said it has been working with two or three businesses that are interested in the new property.
"We hope to be able to fulfill their specific needs and welcome them to our industrial community. We expect 2009 to be an exciting and challenging year as we move forward with negotiations," said Ed Majkowski, executive director of the HADC.
