Connecticut Governor Dannel P. Malloy and New Haven Mayor John DeStefano participated in a ribbon cutting ceremony at Higher One’s new corporate headquarters on Tuesday, which also marked the twelfth anniversary for the company. Higher One is a leading financial services provider for colleges and universities around the nation. The company was founded by three Yale students who developed their idea while undergraduates at the university in 2000, moved to Science Park in 2004 with 24 employees, and greatly expanded this January with a new headquarters for 240 employees at a historical New Haven landmark.

“As a state we are reshaping our economic efforts and moving in our own direction to attract new employers and to fund new ideas. I’m happy the state of Connecticut saw the wisdom in making the investments alongside our partner Higher One to rebuild this great building and mark a new history for New Haven,” Governor Dannel P. Malloy said.

The company, along with Winstanley Enterprises, Forest City Residential Group, and Science Park Development Corporation rehabilitated two vacant buildings at the former Winchester Arms Factory site. The adaptive reuse space reinvents two buildings dating back to 1915 and adheres to National Park Service guidelines for additions to historic structures. The exteriors have been restored to their original condition and the interior design also maintains iconic historical components. As the anchor tenant, Higher One aims to set an example and encourage continued investment in the former industrial property to attract and increase the retention of talent in Connecticut.

“This building is a testament to the importance of entrepreneurialism—what people with imagination and creativity can accomplish,” remarked New Haven Mayor John DeStefano. “Higher One is an example of how New Haven still makes things, but it makes things with powerful ideas.”

“This building is a monument to teamwork and a monument to optimism. We believe the future is bright for both Higher One and for this location,” remarked Miles Lasater, Chief Operations Officer of Higher One, who founded the company along with Mark Volchek, Chief Financial Officer. “Silicon Valley wasn’t built in a day. We hold many of the pieces needed to construct an even more vibrant economy here. If we can overcome the perceptions, we will create an environment that welcomes true economic development in New Haven and the state.”

About Higher One

Higher One Holdings, Inc. (NYSE: ONE) is a leading company focused on helping college business offices manage operations and providing enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans and more, Higher One works closely with colleges and universities to ensure students receive Financial Aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases and learn the basics of financial management.

Higher One provides its services to approximately 6.0 million students at distinguished public and private higher education institutions nationwide. More information about Higher One can be found at HigherOne.com.

Copyright Business Wire 2010