Mission
The Shelton Economic Development Corporation (SEDC) is a non-profit corporation that focuses on the balanced development of the City of Shelton. The SEDC's goal is to advance the economic development and public welfare of the City of Shelton by promoting and assisting the growth and development of businesses, including the encouragement of public and private partnerships, coordinate planning and development, leverage resources, provide and develop leadership for economic and development activities, revitalizing downtown Shelton, the Shelton riverfront and any other community development activities deemed a priority by the Corporation. The principle objectives of the Corporation shall be to benefit the community by increasing employment opportunities and the establishment and expansion of business and industry for the citizens of the City of Shelton and surrounding communities.
Background
The Shelton Economic Development Corporation is a 501(c)(3) organized in 1983. Paul J. Grimmer has been appointed as President of the corporation in 2016 and brings over 21 years of experience in community and economic development. The Shelton Economic Development Corporation has a 44-member volunteer board and a staff of four (two part-time).
Impact
*Road infrastructure and utility upgrades for Phase II has been completed on Canal Street. The next phase has gone out to bid and the contractor has started.
*Phase II of the Riverwalk Housatonic project has been completed. The next phase is moving towards design up to the Shelton Locks.
*Continue brownfields remediation on Samarius, Axton Cross and Cel-lastik sites as well as the Chromium Process land parcel
*Continue coordination with multiple stakeholders (public and private) in the implementation of new development activities.
*Implement grant in the amount of $1.5 million for the demolition of the Chromium Process site awarded from the CT DECD
*Implement recently awarded U. S. EPA grant for the Chromium Process site "post demolition"
*Implement recently awarded grant from the CT DECD towards the demolition and environmental remediation of 223 Canal Street
*Implement most recent grant award from the U. S. EPA for an area-wide assessment of Canal Street and downtown
*Implement and assist with recent grant award from CT DECD for 267 Canal Street
CEO Statement
The Shelton Economic Development Corporation works to promote economic development for the City of Shelton. Shelton has become an outstanding example of economic growth within the State of Connecticut through its ability to promote private investment with public funding along with securing federal grants - in particular those focused on the cleanup of contaminated properties. With the downturn in the economy, Shelton can boast that there has still been an increase in the Grand List due to the retention, expansion and attraction of new businesses in the city.