Norwalk has a strong, diverse economic base and its Urban Core neighborhoods are in the midst of a variety of transformative redevelopment initiatives. Property development is taking place in tandem with major infrastructure investments and urban revitalization efforts to enhance the City’s vibrancy and quality of life.
Norwalk’s downtown economy has a particularly robust design, art, and culinary sectors as well as a strong retail presence. In addition to a business-friendly environment, the City’s skilled workforce and high quality of life attract major companies. The City’s largest employer is the Norwalk Hospital with over 2,500 employees.
The Enterprise Zone in South Norwalk provides incentive benefits for eligible businesses and property owners. Eligible businesses can qualify for fixed assessments for up to five years on the additional taxes resulting from property improvements.