• Project
  • Northeast
  • Regional
  • Real Estate Development and Housing
  • Strategic Planning

Market Analysis and Economic Strategy for New Milford, CT

March 16, 2021

Historical commercial and retail buildings along a street in downtown New Milford, ConnecticutThe Challenge

New Milford is a community committed to preserving its rural, small-town character while also seeking new opportunities to strengthen its tax base and provide family-wage-earning jobs for the future.

It seeks to bring new economic activity to support existing businesses, strengthen the extraordinary appeal of the town, and actively move forward with appropriate residential development to support economic development and job growth.

The Solution

To advance these objectives, the Town of New Milford retained the team at Camoin Associates and Milone & Macbroom to conduct a town-wide market analysis and develop economic strategies to help the Town and its supporting committees make well-supported decisions around land-use planning and economic development.

The Impact

Leaders in New Milford used the recommendations to strengthen its economy and change its trajectory.

Services Provided:

  • Real estate market analysis
  • Industry market
  • Stakeholder interviews
  • Strategy development