Good News for Business Owners in Bristol

May 12, 2016

Good news for business owners in Bristol! According to HartfordBusiness.com, A publication of the Hartford Business Journal, Bristol is ranked as the best small city for doing business in the Greater Hartford area. Coming in third place statewide, after Danbury and Westport, Bristol received high marks on criteria based on business environment, access to resources, and business cost.

The study was completed by WalletHub.com by comparing 1,268 small sized cities. Small sized cities were defined as a city with between 25,000 and 100,000 people. According to HartfordBusiness.com, WalletHub.com used data of 15 key metrics ranges from “average growth in the number of small businesses and prevalence of investors to office-space affordability andcorporate taxes.” Bristol’s overall rank was 791 with a total score of 34.43. Bristol came in 463rd place for the best business environment, 679th for best access to resources, and 817th place for best business costs. Danbury, ranked first in Connecticut, scored only 3.62 points overall more than Bristol and Westport, ranked second, only scored 1.81 points more.

So if you are thinking about starting a business in Bristol, now is the time! Thank you to those hard working business owners in Bristol that continue to embody what it means to be All Heart. And of course,  thank you to those who support local businesses in Bristol.

NEWS RELEASE

From Office of the Mayor

111 North Main Street, Bristol CT 06010

May 5, 2016 – The Mayor’s Office is pleased to announce that the city of Bristol has been recognized as the “Best Small City for Doing Business in Greater Hartford” by Wallethub.com, a personal finance website that provides ratings of various metrics. As reported in the Hartford Business Journal, WalletHub identified the most business-friendly places in the state, and Bristol ranked high among small cities with a population of 25,000 to 100,000.

“We‘ve know for quite a while that Bristol is an attractive place for companies to locate their businesses,” Mayor Cockayne said. “But this new survey confirms it. We really are the best place for start-ups, expansions, and businesses looking for new homes.”

“Bristol has a long history of economic diversity and ingenuity,” said Justin Malley, director of the Bristol Development Authority. “We are pleased that more businesses and entrepreneurs are realizing what Bristol has to offer in terms of building opportunities, incentives to locate here, and other positive attributes of our community. These include quality schools, a strong workforce, favorable mill rate, and the diverse housing stock that is attractive to working families. This is a very strong community that businesses realize is a great place to make an investment.”

Recent sales in the Southeast Bristol Business Park support the news about Bristol. Within the past month, the City has sold Lot #1 and Lot #5, bringing in $865,040 in sales revenue. Lot #1 will feature a 128,000 square-foot storage and distribution center for PODS, and Lot #5 will feature a new 13,000 square-foot manufacturing facility. In addition, on Lot #4 high-tech manufacturer GMN USA has officially started operating out of its showcase 30,000 square foot facility.

CONTACT

Ken Cockayne, Mayormayorsoffice@bristolct.gov mayorsoffice@bristolct.gov