New Businesses & Job Creation
Since 2011, our Economic Development Team has brought more than 1,100 new jobs to Waterbury. We have seen the establishment of more than 45 new businesses – a mix of manufacturing, retail, restaurant and professional enterprises that allow for continued expansion and diversification within the City’s employment base.
New businesses expected to come online in 2015 could bring more than 800 new jobs to Waterbury. And more than 15 existing businesses have expanded, adding more than 100 jobs.
Waterbury’s unemployment rate peaked at 16 percent in February 2010 – the height of the Great Recession. By April 2015, it was 9.5 percent. In May 2015, it was cut further to 9.3 percent in a continued downward trend and by June it was down again to 9.0 percent.