Inclusive Economic Growth

Yale remains committed to partnering with its home city of New Haven to create vibrant shared communities with increased economic opportunities. The university had already provided more voluntary aid to its host city than any similar institution when it recently raised those contributions to roughly $135 million over six years. At the same time, it also supported the creation of a new Center for Inclusive Growth to develop and implement strategies to grow the city economically.

By the numbers

$135 million

Voluntary payments to be made to New Haven over six years

Nearly 6,000

New Haven residents employed

Over $5 million

Annual taxes paid by Yale, one of New Haven’s top three taxpayers

Dixwell Plaza 

Yale recently signed a 10-year letter of intent for space at Dixwell Plaza to support the development of a state-of-the-art mixed-use retail, residential, and cultural hub in Dixwell’s historically Black community center that is rooted in restorative economic development. Yale is working on this initiative with the Connecticut Community Outreach and Revitalization Program (ConnCORP), a local organization whose mission is to provide opportunities to New Haven’s underserved residents.

Community Investment Program 

Yale’s community investment program supports independently owned retail businesses, bringing jobs to New Haven residents and expanding the city’s tax base. Most recently, University Properties has supported a growing number of locally owned brick-and-mortar businesses, including restaurants and retail clothing stores.