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On behalf of the City of Danbury, I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by the city, as it allows us to make critical investments in public infrastructure throughout Danbury. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.
I hope you find this website useful as you seek to better understand the credit fundamentals of the city. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bond program.
David W. St. Hilaire, Director of Finance
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A top commercial real estate developer predicts an influx of young home buyers — but only if we play our cards right.
DANBURY, CT — The popular, and more often than not, angry, opinion about living in the greater Danbury area is that everyone is fleeing for lower taxed pastures.
Jim Fagan, senior managing director at Cushman & Wakefield, one of the world's largest commercial real estate businesses with properties throughout southwestern Connecticut, has a different perspective. He believes that the generation of millennials that moved away to college and never returned to their roots is about to make a big comeback. They're getting older, and the allure of Brooklyn and Boston has begun to dim.
"There's probably no place better to raise your kids than Westchester or Fairfield counties. You have four seasons, you're close to Manhattan, you have the Long Island Sound, you can go skiing in a couple of hours, a great public schools system, all these wonderful things. Where would you rather raise a family?" Fagan said. "The economics dictate you come out and find some places that are a little less expensive to live, and also have great public schools, a little bit more space to live."
Although the geography and the lower costs are attractive to the former big-city-dwellers, Fagan says many of the towns are going to need to alter their mindset if they hope to lure millennials back home.
By Rich Kirby, Patch Staff | Aug 30, 2019 7:25 pm ET | Updated Aug 30, 2019 7:36 pm ET
Danbury Unemployment Rate: Among the Lowest in CT: Current Labor Force Data for CT Towns - State of CT - September 20, 2019
Based on Bureau of Labor Statistics data extracted September 20, 2019, Danbury's Unemployment Rate is among the lowest among Connecticut cities with a Labor Force of greater than 40,000 as of August 2019, with a rate of 2.9%.
Danbury's rate dropped from 3.2% in June 2019 and 3.0% in July 2019. In comparison, the State of Connecticut unemployment rate is 3.6% as of August 2019, 3.7% in June 2019 and 3.6% in July 2019. Danbury continues trending below the State's level.