The Town of Oxford Economic Development Commission is responsible for developing, maintaining and marketing the economic potential of Oxford. The Commission is comprised of seven appointed professionals with various backgrounds including real estate, insurance, finance, engineering and industrial management, photography and banking. The Commission meets monthly, and holds events throughout the year focused on maintaining and fostering business growth.
Oxford has over 2,500 acres of town-owned industrial property, which is the focus of the Commission's growth plans. The Commission has been very successful in marketing and encouraging new businesses to expand and relocate to Oxford. In the past four years, the town has realized over a 34% increase in its industrial tax base. Commercial construction projects are pervasive. Oxford offers true real estate value, and is considered one of the best places in Connecticut to raise a family and grow a business.
Oxford has tremendous growth potential. Our Commission is tasked with developing a strategic growth plan that both expands our tax base and promotes business growth. We respect our Town's history and dedication to quality of life factors such as the preservation of open space and superior education, and look forward to responsible business development.
The Town of Oxford, a traditional New England community, provides a safe, stable, environment for the growth of business and family.
Oxford provides many unique economic opportunities for business creation, expansion and relocation. Oxford is easily accessible to all major markets through a network of Interstate and Interstate roadways. Interstate 84, the primary east/west transportation route is located within 1 mile of the Waterbury Oxford Airport, which is situated within the Corporate / Industrial area. Route 8, the north/south transportation is also located just 1 mile from the Town's border.
Available land is another of Oxford's many resources. The industrial zone, located within the Northeast section of Oxford, contains over 2,500 acres of pristine industrial land. The land is zoned for quality economic development with parcel sizes ranging between 2.5 to hundreds of acres. Local zoning provides opportunities for all business types, including commercial, industrial and manufacturing. The Oxford Economic Development team and the Planning and Zoning Commission are dedicated to assisting the approval process that will help businesses enter the marketplace as quickly as possible.
Oxford is also fortunate to have a diverse labor force. Located within the Naugatuck Valley, Oxford has access to workers with a history of excellent technology, manufacturing and industrial skills.
Training provided by seven regional technical and community colleges ensure that skilled works will be available to employers for years to come. Additionally, Oxford's proximity to major universities enables businesses to draw upon highly educated, professional individuals for a variety of employment needs.
The quality of life within Oxford is also an attractive benefit to local business. The Oxford school system, public services and recreational activities are priorities in the community. The picturesque countryside offers outdoor attractions such as fishing, boating, picnicking, hiking, horseback riding, and winter sports. Cultural events such as the summer concert series and a multitude of community events complete the offerings.
Economic development efforts in Oxford have moved steadily forward despite the national financial crisis of 2008 and the related decline in the overall economy. Vacancy rates for existing flex space buildings remain low and several buildings have changed hands after only short periods of market exposure.
Interest in Oxford remains strong due to reasonable land and floor space costs, a consistently low tax rate and the town’s reputation for providing predictable and efficient regulatory processes that respect developers and investors and ensure timely project development.
Marketing efforts have resulted in the sale of several shovel ready parcels and new building starts. Unfortunately, three previously approved site plans have been returned to the market due to changing business conditions. New building starts and new projects are shown in the attached presentation.
Economic Development continues to pursue subdivision opportunities in the industrial area surrounding the Oxford Airport and commercial development in the commercial zones south of West Street.
Relocating and finding the "right" site for your business can be a challenge.
Let us assist you. The OEDC will:
- Introduce you to realtors, individual property owners and local banking representatives.
- Arrange meetings with local land-use boards and assist you with preparing land-use applications.
- Schedule a tour of the Oxford community, including the Industrial Zone.
- Set up meetings with various departments of the State of Connecticut.
- Deliver information identifying Oxford's competitive edge.