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The city’s labor force grew by over 800 people in 2019, and is the largest in the state with 71,758 workers.
“Our vacancy rate is an overall 5% throughout the town,” says Director of Economic Development Thomas Madden. “And we’re not a big-box place – we have a lot of Mom and Pop stores. That speaks volumes about the healthy market we have.”
“A lot of people have the impression that all the new development going on hasn’t created opportunities for below market rate units,” says BLT CEO Ted Ferrarone. “That is a misperception.”