The Borough and the Naugatuck Economic Development Corporation (“NEDC”) recently sponsored a forum on economic development on October 24, 2012. The event, which was held at the Naugatuck Historical Society (Naugatuck Train Station, 195 Water Street, Naugatuck, CT 06770) was videotaped by Naugatuck Fire Chief Ken Hanks. Anyone who was not able to attend can view the entire event online through the Borough’s website. After accessing the link, simply click the picture and you will be directed to the Borough’s link on You Tube.
While the video is just under two (2) hours in length, it provides tremendous insight on the trends, challenges and opportunities of economic development in the current economy. Guest presenters Mark Waterhouse of Garnet Consulting and Tom Hill from Tom Hill Realty and Investment, LLC did a great job explaining the basic terms and concepts of economic development. NEDC President and Chief Executive Officer Dave Prendergast explains some of the local successes achieved and initiatives started to boost our economy. For anyone interested in a detailed discussion of economic development in the Borough, it is well worth the watch.