NEW HAVEN — The state plans to invest $50.5 million to create public infrastructure and facilities in downtown New Haven to boost the state's life sciences industry and the emerging sector of quantum technologies.
These investments will be supported by the first grant award in the state’s Innovation Clusters program, a $100 million initiative that aims to support research, innovation and business growth in industries and technologies that state officials expect to be long-term economic engines.
“We’ve always been one of the most innovative states in the country. And now the competition is on us,” Gov. Ned Lamont said at a press conference Friday afternoon at the life-sciences building at 101 College St., in New Haven. “We’re competing against other states, we’re competing against other countries. And we’ve got to believe in the future.”
The projects that will be supported by the new funding include:
“At a time when so many states seem to be moving way from science and technology, Connecticut has chosen instead to increase its investment in the future, to invest in the places, partners and existing industries to create transformative growth and impacts for the people in the state of Connecticut,” said Carter Winstanley, principal of Winstanley Enterprises, the developer of properties including Parcel B and 101 College St. Completed in 2023, the 525,000-square-foot, 10-story building at 101 College St., is anchored by Alexion Pharmaceuticals and Yale University, and also includes a BioLabs incubator.
“What makes Connecticut is unique is not just the science — though Yale and UConn are global leaders in quantum research — it’s the way those strengths connect with the entire higher education system,” said QuantumCT CEO Albert Green. “Together, they are preparing a diverse and skilled workforce that will drive this innovation.”
“By building shared infrastructure and training the next generation of innovators, we can ensure that quantum technologies take root and grow here in New Haven and Connecticut,” said Michael Crair, vice provost for research at Yale University. “These are incredibly promising areas of innovation, and this is a very exciting time for our city and state.”
“When you look at quantum technologies… it touches upon every sector of the state. That includes our defense sector, the national security sector, the insurance sector, the fintech sector, the pharmaceutical sector,” said Pamir Alpay, vice president for research, innovation and entrepreneurship at the University of Connecticut. “By putting together this comprehensive program, you are going to make sure our companies are ready for the future.”
“We are the voice of 300 member organizations, and that means countless individuals that need more from us each and every day,” said BioCT CEO Jodie Gillon. “It is time to put a shovel in the ground. We need to expand Connecticut’s capacity to train, develop, network and maintain our incredible talent pool.”
The timeline for the Parcel B and Science at Square 10 developments has not been announced, in part because the design plans for those projects have not been finalized.
Citing another life-sciences hub, at 100 College St., New Haven Mayor Justin Elicker argued that the impact of the new developments would reverberate throughout the city.
“100 College (St.) pays over $5.6 million in taxes every year. That’s one building paying more than our entire library budget in taxes in a year,” Elicker said. “At a time when New Haven is working very hard to address our historical financial challenges, and also there’s a lot of pressure for us to invest more in our community, these types of developments are hugely important to helping ensure that taxes remain somewhat moderate and level, and that we’re able to invest in our community — in our schools, streets, police and all those things.”
While the speakers at Friday’s event were all bullish about Innovation Clusters’ potential, the life sciences represent a nascent industry in Connecticut, based on employment. There were about 25,500 bioscience positions in Connecticut in 2023, compared with around 25,800 in 2022, according to data from the state Department of Labor. (Data for 2024 was not immediately available.) The dip in the head count reflected layoffs and fundraising challenges at a number of companies.
State officials were hesitant to estimate how many jobs could be created by Innovation Clusters' investments.
“Your question about how many jobs this might create is a little bit of an imponderable because we are literally talking about what the economy is going to look like in 25 years,” Daniel O’Keefe, commissioner of the state Department of Economic and Development, said in response to a question from CT Insider. “But I can say if we’re 3.6 million people (in Connecticut), we’re trying to prepare ourselves for what that future is going to look like for our children and our grandchildren.”
In addition to the life sciences and quantum technology cluster in New Haven, artificial intelligence-focused teams in Hartford and Stamford are also finalists for Innovation Clusters funding. Funding for the Hartford and Stamford groups will be announced at later dates, according to officials in the state Department of Economic and Community Development, which is administering Innovation Clusters.
Each submission to Innovation Clusters was required to have at least a dollar-for-dollar match of non-state funding.