DEVELOPING INNOVATIVE STRATEGIES
The City of Shelton has been actively conducting environmental remediation activities along the 1 mile stretch of the Housatonic Riverfront since 1996, resulting in the creation of 8 acres of new Public Open Spaces and the development of 400 new residential units on formerly contaminated properties.
The City of Shelton and their public partners have invested over $23,250,000 in the redevelopment activities, which generated over $75,000,000 in private investment, which in turn have generated new annual tax revenue of $1,000,000.
Mayor Mark A. Lauretti and the City's Board of Aldermen have empowered the Shelton Economic Development Corporation to undertake the public redevelopment efforts along Canal Street, and establishing long lasting partnerships with regional, state and federal agencies
The Shelton Economic Development Corporation (SEDC), is a non profit corporation that focuses on the balanced development of the City of Shelton. The SEDC acts as a catalyst for growth within Shelton by providing direct links to all local government and business leaders, as well as coordinating between city and civic organizations. The SEDC has relationships with financial and development agencies and provides a leadership role in emerging public/private and statewide partnerships. The SEDC provides access to a professional staff with extensive experience in economic development, real estate, construction, finance and government.
The Shelton Economic Development Corporation is administered by a 2- person staff, which Includes;
Paul Grimmer, President
Aleta Miner, Assistant
Shelton Economic Development Corporation
25 Brook Street
Shelton CT 06484