Plainville is best characterized as a small town. At just under 10 square miles, it is in fact one of the smallest towns in the state. But do not let our size fool you. We boast a high quality of life with a skilled labor force, and a diverse economy that has managed to hang onto a proportionally high percentage of its manufacturing base. Our largest taxpayers/employers include General Electric Company, Tilcon CT, Inc., Gems Sensors, Inc., Connecticut Tool and Manufacturing, Mott Corporation, and Wheeler Clinic. After recently purchasing Robertson Airfield, we have the distinction of being one of very few Connecticut municipalities that own their own airport.
Our Town Manager/Town Council form of government provides for an efficient, business-friendly experience. Town Staff has been trained to work with business and industry to help them achieve their goals. The Economic Development Agency takes an active role in supporting business development through their tax incentive and business loan programs.
Plainville strives to offer advantages to businesses wishing to locate in our community, and our demographic makeup boasts a wide and diverse workforce ready to help you succeed. Plainville’s location at the intersection of State Route 72 and Interstate 84 make it ideal for business that relies on transportation. In addition, rail service and a regional airport are available to add value to your business.
LET'S GET BUILDING!
Plainville wants to help you grow. Whether you are already located here or want to relocate to Plainville, we offer several incentives that might be of benefit to you. Read on.
The Revolving Loan Program (link at left) allows the EDA to consider business loans up to $40,000 to help small businesses expand, or relocate to Plainville. The loan program can and has been used for a wide variety of business purposes. Borrowers have financed physical improvments for beautification and/or plant expansion, the purchase of machinery, equipment and supplies necessary for operations, the implementation of business expansion plans including funds to add employees, and increase sales territory, etc.
Tax Incentives (links at left) are offered in a variety of ways and are used primarily for larger construction projects and building additions. Tax Incentives 101: Since all tax incentives are regulated by the laws of the State of CT, Plainville cannot exceed what is legally permitted. The Town's policies were created to keep pace with offerings found in other municipalites in order to maintain a fair competive edge in our efforts to attract business.
Local Tax Incentive Program - The EDA has developed a policy to review applications for tax incentives for most commercial constructions projects, regardless of type. A typical review might involve a request to abate 40% of the new tax aplied to new construction over 3 - 4 years. The extent of the percentage abated and the term are based solely on the EDA's review of the overall benefit the proposal brings to the community. Items such as job creation, beautification and the evenual full value of the tax generated by the facility are all considered. The local tax incentive program is available on a town-wide basis.
State Tax Incentive Program - The State Department of Economic and Community Development administers tax incentive programs within the Contiguous Municipality (aka Enterprise Zone) and Bioscience Zones in Plainville. These zones receive preferential incentives for certian targeted forms of development. For instance, the Contiguous Municipality Zone targets manufacturers with tax abatements ranging as high as 80% over five years. The same is true in the Bioscience Zones. The link at the left has more information and maps to help you determine if your project is located in such a zone.