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5 Questions with John Hamilton, New Hampshire Community Loan Fund

Friday, February 5th, 2016

Part of the growing local movement in the United States is an awareness that people can invest their dollars in ways that positively affect their communities, while also earning a return. Throughout this year, three Granite State institutions−Live Free & Start, the New Hampshire Charitable Foundation and the New Hampshire Community Loan Fund−are teaming up to present a series of forums called Impact Investing in New Hampshire. We asked one of the presenters, Community Loan Fund VP of Economic Opportunity, John Hamilton, about the series. You can visit the Live Free and Start website to see the schedule and register for one or more of the events.

John Hamilton ~ Community Loan Fund

John Hamilton ~ Community Loan Fund

1. Impact investing will be the topic of a number of forums around the state this year. What is impact investing?

Many people are familiar with “socially responsible investing,” which avoids investments in certain industries or activities that the investor finds objectionable.

Impact investing is a more intentional approach for the investor that seeks to support specific social or environmental outcomes—such as more good jobs in New Hampshire— and earn a financial return.

A common misconception is that impact investing doesn’t provide a positive financial return. However, recent reports and years of investments show that impact investors don’t have to sacrifice earnings.

So we’re excited to partner with Live Free and Start and the New Hampshire Charitable Foundation to bring this information to current and prospective investors across New Hampshire. We’re holding six Investing in NH forums in which each of the organizations will present various ways individuals can have a positive impact on the people and businesses of the Granite State through impact investments.

2. How important is this kind of investing to the state’s business ecosystem?

Impact investments can be more flexible, timely and risk-tolerant.

Flexible because impact investments often come from private sources–individuals and foundations–and without a lot of restrictions. They can deliver a range of types of capital (debt, sub debt, royalty and equity).

Timely because these investors can shape their capital to the needs of the business and react more quickly than traditional financing sources.

Risk-tolerant because some impact investors are willing to take greater risk if there is an opportunity for better returns, particularly if the investment would benefit New Hampshire’s people, communities and economy.

3. Can you give an example of where impact investors made a difference in New Hampshire?

In 2013, Rustic Crust, a natural pizza product company based in Pittsfield, needed growth capital to get its product into more grocery stores throughout North America. The Community Loan Fund had made a previous royalty investment and wanted to support this growth, but the company needed more financing than we could provide at the time.

Fortunately, we knew of an individual who was interested in co-investing with us. Together, we provided the needed capital, and Rustic Crust has since nearly doubled its number of full time jobs, while also increasing its part-time workforce.

This is particularly satisfying because a fire destroyed Rustic Crust’s production facility not long afterward. Yet because of strong management and community support, including from the company’s investor, Rustic Crust is thriving.

4. From the outside looking into New Hampshire: Will encouraging this form of investment draw more businesses or start-ups to the state?

We hope that the number and appetite of angel investors here encourage start-ups and businesses looking to relocate. There are definitely investors seeking out those kinds of opportunities.

And inasmuch as a goal of encouraging businesses to relocate or start here is to increase the number of good jobs, that goal aligns perfectly with those of many impact investors.

We know one of the motivations of some impact investors is to keep their money local. They enjoy financing projects they can drive past and feel the “I’m glad I put my money there” glow. There are many strong businesses already in New Hampshire, owned and run by our neighbors and friends, which are ready to grow and only lack the kind of flexible capital I described earlier.

5. Aside from attending one of the forums taking place throughout the state from now until the end of the year, is there a place where people can get more information or speak with someone?

The forums offer a rare chance to share the perspectives, experiences and opportunities offered by three organizations, so we hope that anyone interested in finding out what it means to be an impact investor will attend one of them. You can see the schedule and register here.

The next best option is to visit the web sites of the three participating organizations: Live Free and Start, New Hampshire Charitable Foundation and New Hampshire Community Loan Fund. You’ll find a range of local and regional opportunities. That’s a good thing−for the Granite State and for New Hampshire investors.

NHBSR Spring Conference Planned

Monday, May 23rd, 2011

New Hampshire Businesses for Social Responsibility’s (NHBSR) Spring Conference, “Integrating Corporate Social Responsibility into Your Core Business Strategy,” will take place on Monday, June 13, 2011 from 8:00 a.m. to 4:00 p.m. at the Grappone Conference Center at the Courtyard Marriott in Concord, NH.

nhbsr“Corporate social responsibility isn’t just a good business practice, it also adds to your company’s bottom line,” said NHBSR Interim Executive Director Kate Luczko. “This conference will not only help your business to better meet the needs of your clients and employees, it will also provide you with information you need to grow your business in a sustainable way.”

The conference features a lively morning networking session, the presentation of the NHBSR Cornerstone Award, four educational breakout sessions, and an afternoon CEO panel.
These educational sessions, which will offer real world suggestions that are appropriate and applicable to any size company, include “New Hampshire’s Changing Workforce: The Growing Need for Flexibility,” “Successfully Integrating Corporate Social Responsibility into Your Core Strategy and Culture,” “Current Trends in Managing Corporate Citizenship,” and “Managing Sustainability Performance with the Balanced Scorecard.”

At noon, Lisa Hardin Berghaus, Marketing Specialist, Monadnock Paper Mills, NHBSR Board Member and Spring Conference Co-Chair, will introduce Governor John Lynch who will present NHBSR’s annual Cornerstone Award to a company that exemplifies the principles of corporate social responsibility and promotes the concepts of CSR to the greater business community within the state of New Hampshire. The finalists for this year’s Cornerstone Award are: Antioch University, Sequoya Technologies Group, and Northeast Delta Dental.

“NHBSR is delighted to recognize one of our members with this award. It’s a fantastic way to highlight outstanding work in the field of social responsibility and sustainability and provides a important example to our New Hampshire community,” Luczko said.

C&S Wholesale Grocers was the proud recipient of the 2010 NHBSR Cornerstone Award for their efforts in feeding the hungry, promoting environmental awareness and encouraging employee volunteerism.

Here’s a brief overview of this year’s nominees:

Northeast Delta Dental
Northeast Delta Dental specializes in the administration of dental programs. It is their mission to be the leading force in the dental prepayment marketplace by offering quality, versatile and affordable dental programs to benefit their purchasers, subscribers, and participating member dentists. They have created a corporate environment built upon high trust and mutual respect. They are a values-driven company that successfully balances profitability and socially-responsible initiatives. Their leadership team follows the principles of servant leadership, enabling all employees, customers, and stockholders to be free from bureaucratic red tape, to self-actualize, and to have a delightful experience with Northeast Delta Dental.

Antioch University New England
Since its founding in 1964, Antioch University New England (ANE) has supported the tenets of Corporate Social Responsibility, and as its mission, provides transformative graduate study education through scholarship, innovation, and community action for a just and sustainable society. Antioch University New England supports CSR in three ways. Antioch operate the business of running a university using CSR principles, they educate their students in CSR principles, and through many of their student practices and internships, they help businesses and organizations locally and throughout New England recognize and begin to adopt CSR principles.

Sequoya Technologies Group
Sequoya is a managed IT services and software design firm specializing in meeting the needs of small businesses in southern New Hampshire. They’re located in Peterborough and provide IT support throughout the greater Monadnock region, including Keene, Concord, Manchester, and Nashua. They’ve also performedsoftware development projects for clients in New York, Denver, and beyond. They have a dedicated team of technicians, network engineers, and software developers. Sequoya truly believes in the values of a supportive and enjoyable work environment, with many benefits that are unusual for a company of only seven people, including flexible work schedules, paid vacation and sick leave, health insurance for both full-time and part-time staff, and more.

Following the Cornerstone Award Presentation there will be a CEO Panel Discussion, a new feature for the conference. The moderator is Jon Greenberg, Executive Editor at NH Public Radio, and panelists include Gerardine Ferlins, President/CEO of Cirtronics Corporation, Nannu Nobis, founder and CEO of Nobis Engineering, Inc., Doug Vincent, President and CEO of Design Mentor, Inc, Walter Chapin, Co-founder and CEO of Company C, Inc., and John Hamilton, Vice President of Economic Opportunity at the New Hampshire Community Loan Fund. Following the CEO Panel Discussion there will be a short break and the Educational Breakout Sessions from the morning will repeat.

Over twenty-five socially responsible exhibitors will be showcasing their products and services throughout the conference, as well as the Silent Auction and Sustainability Book Store.

This event is made possible by the generosity of many sponsors.  Conference Leaders: FairPoint Communications, Normandeau Associates, the New Hampshire Community and Development Finance Authority, Monadnock Paper Mill and Hannaford. Conference Partners; Public Service of New Hampshire, and PAX World. AM Networking sponsor is Nixon Peabody LLP. CEO Panel sponsor is NH Community Loan Fund. Carbon Offset for this event was sponsored by C&S Wholesale Grocers. The Tote-bag sponsors are Northeast Delta Dental and Hypertherm. Design, paper and printing were provided by Baker Salmon Design, Monadnock Paper Mill and RAM Printing. NHBSR web marketing is sponsored by SilverTech.

The cost is $125 for any NHBSR member, $150 for non-members, $50 for non-profits and $30 for students.

For more detailed information about the Spring Conference, please visit http://www.nhbsrconference.org/ or contact Interim Executive Director, Kate Luczko at kate@nhbsr.org, (603) 391-7437. For more information about NHBSR, visit our website at www.nhbsr.org

Senator Shaheen confirmed as Keynote Speaker for Manchester Small Business Week Forum

Wednesday, April 27th, 2011

Senator Jeanne Shaheen will be the keynote speaker at the first annual Small Business Week Forum hosted by Mayor Ted Gatsas and Manchester’s Economic Development Office.  The kick-off event will be held on Monday, May 16th from 11:30 a.m.-1:30 p.m. at Southern New Hampshire University.  The Forum will also feature a panel discussion on financing options for small businesses, followed by a Small Business Resource Fair.  Manchester’s Small Business Week is presented by Citizens Bank.

U.S. Senator Jeanne Shaheen

U.S. Senator Jeanne Shaheen

As a past Governor and current Senator, Jeanne Shaheen understands the important role small businesses play in our City and State’s economy.  “Innovative small businesses are the drivers of job creation in Manchester, in New Hampshire, and across the nation,” said Senator Shaheen.  “Their creativity and ingenuity are important keys to America’s future economic prosperity and international competitiveness.” During the event, Senator Shaheen will discuss how she and her colleagues in Washington are working to help small businesses grow and prosper in New Hampshire.

“This week-long event celebrates the contributions small businesses make to our city’s economic vitality, and will provide business owners with resources to help them succeed,” said Chris Wellington, City of Manchester, Economic Development Office.  “If you own your own business, or are thinking of starting one in Manchester, this is a great opportunity to network and learn.”

The Small Business Week Forum’s panel will include Kimberly Dee, Senior Vice President, Business Banking Group at Citizens Bank; John Hamilton, Vice President of Economic Opportunity and Managing Director, Vested for Growth at the New Hampshire Community Loan Fund; Marilyn Bogue, Acting District Director at the NH Small Business Administration; and Robert Schwartz Jr., a corporate attorney with Devine Millimet.   

Other programming events of Small Business Week include small business workshops at Devine Millimet and FairPoint Communications, Greater Manchester Chamber of Commerce Pecha Kucha; tour of downtown office space by Intown Manchester; New Hampshire High Technology Council Entrepreneurial forum; and a networking event hosted by DYN. The week culminates in the Mayor’s Small Business Awards Breakfast which will recognize three businesses that have demonstrated strong business growth, an innovative approach within their business model, and a commitment to community service.  For more information about the activities taking place during Small Business Week, visit www.yourmanchesternh.com

The Small Business Resource Fair following the Forum will feature local and statewide business resource organizations that provide assistance and support to small businesses.  Representatives from the various organizations will be available to provide information and advice for a number of topics important to small businesses including financing, healthcare options, city regulations, creating a business plan, legal issues, legislative issues, “greening” your business, social media, marketing plans and much more.  Registration forms for the Small Business Week Forum are now available online by visiting www.yourmanchesternh.com and clicking on the Small Business Week link.

The Manchester Small Business Week is made possible by presenting sponsor Citizens Bank and supporting sponsors Devine Millimet, DYN Inc, Fairpoint Communications, Public Service of New Hampshire, MVP Healthcare, WEDU and Printer’s Square. 

For more information about the programs and events scheduled during Manchester Small Business Week or to register for an event please contact Chris Wellington at 603-624-6505 or visit http://www.yourmanchesternh.com/smallbusinessweek/default.aspx.

Exhibitors for the Small Business Resource Fair scheduled for the kickoff event at Southern New Hampshire University include: Citizens Bank, Devine Millimet, MVP Healthcare, Public Service of New Hampshire, Fairpoint Communications, WEDU, Printers Square, NH Small Business Development Center, NH Division of Economic Development, abi Innovation HUB, NH Community Loan Fund- Vested For Growth, Manchester Young Professional Network (MYPN), Interface Financial Group, City of Manchester Fire Department, City of Manchester Health Department, City of Manchester Building & Planning Department, City of Manchester City Clerk’s Office, Manchester Economic Development Office, SCORE, Greater Manchester Chamber of Commerce, Intown Manchester, NH High Technology Council, NH Small Business Administration, Business and Industry Association of NH, StayWorkPlay NH, New Hampshire Businesses For Social Responsibility, and Capital Regional Development Center.