The Importance of Business
The town of Ledyard is the home of many great companies and firms. Large and small, we value them all and hope to foster a productive, positive relationship.
One of the prime goals of the Ledyard Economic Development Commission is to increase our town’s commercial and industrial tax base. Over the years, there have been many efforts to accomplish this; some successful; others, not so much.
Ledyard is a suburban
community. In 2003, an estimated 5.6% of the town’s grand list came from
commercial/industrial enterprises. That number has real implications
for all of us. We rely on residential property taxes to fund the bulk of
town services and that reliance leads to difficult choices for town
officials and residents, even in good economic times.
Focus on Existing Business
Ledyard is a great place. We value our open space, our history, our
cultural events, farming and our schools. The volunteers that work for
our community make Ledyard a special place in a many ways. The local
business community, also, makes Ledyard special and we need to value it.
There is no better way to grow our commercial tax base than to support
and nurture the businesses already here. In the economic development
world, it is called business retention. To us, it just makes sense.