Though New Haven was founded in 1638, it is today a young city – youthful in demographics and innovative in its enterprises.
The median age of New Haven residents is 30 years old.
- 17 percent of residents are 18 to 24 years old.
- 34 percent are 25 to 49 years old.
The city’s top 10 employers include venerable institutions like Yale University, Yale-New Haven Hospital, Hospital of St. Raphael, AT&T, Southern Connecticut State University and Assa Abloy/Sargent. But the fastest-growing companies are smaller businesses launched by entrepreneurs. In all, there are 3,000 businesses operating in New Haven.
The city has a diverse industry base, but with important concentrations that create dynamic industry clusters. Among the most significant:
- Manufacturing. The city is home to innovative advanced manufacturing companies that make products for markets around the world.
- Food processing. New Haven’s love of food grows out of the fact that it has long been home to leading food processors and manufacturers.
- Biosciences. Yale University’s presence in the city has created a burgeoning bioscience industry cluster that includes scores of companies researching and manufacturing pharmaceutical, vaccine, medical device and other health related products.
- Architecture. Some of the world’s most famous architects call New Haven home – many attracted by Yale School of Architecture and the robust professional network established here.
- Information Technology. New Haven’s strong software engineering and new media sectors are built on ancillary, established industries such as bio-tech and architecture. Many of our most successful start-ups were grown out of the Yale Entrepreneurial Institute incubator. The EDC is currently partnering with YEI on a program that will help keep Connecticut-grown companies in the area and provide them with skilled programmers and technicians they need to grow and flourish.