Economic development is accelerating in New London, with more than $1 billion in investment transforming the city across energy, maritime, tourism, housing, technology, and education.

Long anchored by its proximity to General Dynamics Electric Boat, New London is building a more diverse and resilient economy. The Port of New London has emerged as a national hub for offshore wind, bringing new maritime, manufacturing, and “Blue Tech” opportunities to the region.

The city’s historic waterfront is also being revitalized by the National Coast Guard Museum, expected to attract thousands of visitors annually while benefiting local restaurants, retailers, hotels, and cultural attractions. New connections between the waterfront, downtown, Union Station, and the Cross Sound Ferry are further strengthening the visitor experience.

New London is investing in its future workforce as well, with expanded business and innovation resources supporting entrepreneurs, workforce training, and advanced manufacturing.

At the same time, hundreds of housing units are helping accommodate the city’s growing workforce and visitor economy, while private investment continues to strengthen the tax base.

After decades of starts and stops, New London is experiencing a genuine renaissance—reclaiming its place as a leading East Coast port and emerging as a dynamic center for business, culture, education, and innovation in southeastern Connecticut.