Branford Coworking
119 Montowese St., Branford
203-433-1544
www.branfordcoworking.com

DistriCT New Haven
470 James St., New Haven
347-632-8380
www.districtnhv.com

Greater New Haven Chamber of Commerce
195 Church St. 4th Floor, New Haven
New Haven
203-787-6735
www.gnhcc.com

S*Park Innovation
5 Science Park, New Haven
203-497-3953
www.scienceparknewhaven.org

New Haven Free Public Library
133 Elm St., New Haven
203-946-8130
www.nhfpl.org

Regus
19th Floor, 157 Church St, New Haven
475-655-3000
www.regus.com

2024 data from the Connecticut Secretary of State’s office shows that Greater New Haven experienced significant business growth with more than 6,600 new business registrations. This includes 1,034 new registrations in the Real Estate and Rental & Leasing sector, indicating a robust property market. The Professional, Scientific, and Technical Services sector added 696 new businesses, while the Construction sector saw an increase of 626 registrations, fueled by ongoing development projects. Other Services contributed 618 new businesses, and the Retail Trade sector recorded 594 new registrations, pointing to a resurgence in local commerce. Overall, these trends underscore a dynamic economic landscape in Greater New Haven.

Greater New Haven continues to be a thriving hub for biotechnology and healthcare entrepreneurs, driven by its renowned medical institutions and research facilities. The region’s startup ecosystem spans beyond high-tech and specialized industries, encompassing small businesses, retail ventures, and innovative service-based companies. Various incubators, accelerators, and funding programs provide critical support to entrepreneurs. The Connecticut Small Business Development Center offers resources, mentoring, and funding opportunities to help startups succeed while networking events, pitch competitions, and co-working spaces facilitate collaboration and innovation.

The City of New Haven’s Small Business Resource Center, in collaboration with the Community Foundation of Greater New Haven’s Mission Investments Corporation, administers NHE3, a small business grant program offering up to 10,000ドル to businesses that demonstrate financial need and a clear plan for impact. These initiatives help support entrepreneurs across industries, strengthening the region’s economic resilience.

In 2024, Yale Ventures significantly advanced entrepreneurship in Greater New Haven's innovation ecosystem. The 10th anniversary of the Yale Innovation Summit attracted over 2,200 attendees. Key successes included Merck's acquisition of Modifi Biosciences for 30ドル million upfront, with potential milestone payments exceeding 1ドル.3 billion. Modifi, a Yale spinout founded in 2021, developed small molecules targeting cancer cells missing a key DNA repair protein. The Yale Life Science PitchFest showcased faculty-led innovations in therapeutics and medical devices, serving as the semifinals for the Blavatnik Fund for Innovation and drawing over 500 participants. The Roberts Innovation Fund awarded 1ドル million to ten projects in water purification, quantum computing, and drug delivery, helping launch five companies and raise over 4ドル million in investment.

2025 Report Milestones & Accomplishments

• In the past five years, residents of Greater New Haven have launched over 33,000 businesses.
• reSET Social Enterprise Trust acquired Collab, Inc. to create a unified approach to supporting all entrepreneurs across the state. This strategic partnership connects the key entrepreneurial hubs of Hartford and New Haven, leveraging their experience to expand resources, mentorship, and business services.

Collab is an organization that empowers individuals and families to use entrepreneurship to gain autonomy, build wealth, and shape their communities. We prioritize serving people of color and women — particularly Black and Latinx entrepreneurs — who face persistent and significant barriers because of structural racism and sexism.

Entrepreneurship is a way to create economic stability for families, and also for individuals to have agency and ownership in their lives and their communities. Our core belief is that entrepreneurship (which we define as the act of taking a risk on behalf of our community) should be accessible to every single person, no matter where they come from.

We see our work as being a part of a wider ecosystem of entrepreneurship support resources, funding, and programs in our community. Our work within that ecosystem has 3 components:

• Programming: We provide entrepreneurship programming that combines high-quality business education with a heart-based leadership development curriculum. Our programs are high-touch and provide wraparound services like childcare, transportation, and interpretation to make sure individuals can be supported and successful.
• People: Our entrepreneurs gain access to a broad network of mentors, advisors, pro bono partners, and funders who form a net of support, expertise, and technical assistance.
• Power: Our entrepreneurs are more powerful when they move and work together. We bring our 100+ graduates together to act as a coalition to advocate for themselves and our community’s collective good.