With most of the downtown storefronts now occupied, the revitalization project has positioned New London as a hub for residents and visitors. “We’ve created a space where people want to spend time, whether it’s shopping, dining, or enjoying community events,” Mayor Herter says. DRIVING GROWTH FOR ECONOMIC EXPANSION New London’s leaders are committed to fostering economic growth across sectors. The city has established four Tax Increment Districts (TIDs) to incentivize development, including residential and commercial projects. “TIDs are one of the most effective tools we have for attracting growth,” Mayor Herter says. “We’ve seen great success leveraging them to support new developments.” The city’s industrial park is another focal point for growth. With utilities and roadways already in place, the park is ready to accommodate new businesses. “We’re open to opportunities across industries,” 198 CIVIL AND MUNICIPAL VOLUME 06, ISSUE 01
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