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Posts Tagged ‘NH Business Finance Authority’

Annual Awards Presented at NHEconomy Annual Meeting

Monday, December 5th, 2016

The 21st annual meeting of the New Hampshire Division of Economic Development is in the books and what a terrific day it was at the Grappone Center in Concord on Dec. 1.

A highlight every year is the presentation of awards to businesses selected by Department of Resources and Economic Development Commissioner Jeffrey Rose. The awards recognize the valuable contributions businesses and agencies make each year that keep our state economy strong and vibrant.

This year’s selections were:


Commissioner Jeffrey Rose recognized Methuen Construction for Excellence in Government Contracting at the annual meeting Dec. 1 of the Division of Economic Development. Accepting the award was Joe Barbone, company president and CEO. Methuen Construction, which recently opened a new facility in Plaistow, has worked with the New Hampshire Government Contracting Assistance Center for over five years, winning bids to do extensive work at the Portsmouth Naval Shipyard.


Rose presented the Teamwork award to Micheline Dufour and Matt Cookson of the NH High Technology Council, praising the council for its advocacy of the state’s growing hi tech scene and its leadership in the launch of the technology talent partnership to bolster the sector’s workforce.


Rose’s MVP award went to Bob Chapman. He praised Chapman for the work he is done in revitalizing the former paper mill sites in Groveton. Rose noted that Chapman recognized the value of the property and its value for future economic development in the region. Chapman’s hard work has paid off, with the expansion of St. Johnsbury, Vt. – based NSA Industries at the site.


Rose recognized Bittware of Concord for Excellence in Exporting. Accepting the award was Darren Taylor, senior vice president of marketing and sales. Bittware has worked with the Office of International Commerce to find new global markets. The company, which employs 35 people, designs and manufactures high-performance computer boards.


Joined by Jim Hinson, left, of NH Vocational Rehabilitation, Rose presented the Employment Leadership award to Karen Clough and Gisele Thibeault of Warwick Mills in New Ipswich. The Employment Leadership Award is presented each year to a New Hampshire business that recognize the skills and contributions that people with disabilities bring to the workforce and who have adopted inclusive policies and hiring practices that allow people with disabilities to fairly compete for employment.



Rose selected Jack Donovan of the NH Business Finance Authority for the Granite Growth Award; board member Jeff Hayes accepted for Donovan, who is retiring this month after 23 years. During his tenure, the NH BFA helped over 5,000 companies access more than $1.6 billion in credit for operations and expansions and business debt financing helped saved thousands of jobs. Rose noted the NH BFA worked with the division on notable expansions and relocations.


State Helps Timberpeg Build Solid Foundation for Growth

Wednesday, June 29th, 2011

Just as the durability of a home relies on the sturdiness of its foundation, the strength of a business relies on its abilities to forge partnerships and plan for growth. Bearing that in mind, the New Hampshire Division of Economic Development and Timberpeg have crafted a relationship that is as solid as Douglas Fir and as strong as the tallest hemlock.

Under the new ownership of Bill Silverstein, Timberpeg and its sister companies Real Log Homes and Yankee Barn Homes are in growth mode. Silverstein acquired Timberpeg in January and has since consolidated New Hampshire offices and moved his Vermont and Montana operations to Claremont.

Manufacturer of timber frame homes and light commercial timber frame structures, Timberpeg now employs 62 people after rehiring 30 with plans to grow to 100. 

New Hampshire Division of Economic Development Business Development Manager Michael Bergeron introduced Silverstein to the NH Business Finance Authority, which is coordinating a loan to purchase a Claremont manufacturing building, provide new capital equipment and coordinate a working line of credit. Bergeron has also facilitated contact with the City of Claremont and introduced the company to the state’s ERZ tax credit and energy efficiency programs.

“This is a great example of a solid New Hampshire company coming back to life through sound business strategy and strong branding,” Bergeron said. 

“After looking at other states, I decided that New Hampshire was the best place to grow this company,” Silverstein said.  “One of the key factors in our quick turnaround and success has been the quality people in our company—it’s a real team.”

For more information on the Timberpeg and related brands, go to www.whshomes.com
or call (603) 542-5418.