New Haven, Milford score high on economic study
New Haven led Connecticut’s largest cities in economic performance in 2017, according to a new study, with municipalities statewide seeing a sizable upswing.
The Connecticut Department of Labor assesses economic performance according to employment, wages and numbers of business establishments. The index does not include several other important economic criteria, including the relatives performances of residential real estate markets.
Milford edged Danbury for the top score among southwestern Connecticut cities, with Oxford leading all towns in the region and North Stonington having the best-performing economy in the state regardless of population.
Hartford had the best improvement of any city in Connecticut with at least 100,000 inhabitants, edging New Haven’s year-over-year comparison. Among smaller municipalities with populations between 25,000 and 100,000 people, Mansfield made the biggest jump, with Franklin tops among smaller towns.
Only nine Connecticut towns saw their economic score decline on the DOL index.