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14 New Hampshire Projects Receive Northern Border Regional Commission Grants

Monday, July 29th, 2019

Communities and organizations across six rural New Hampshire counties will share $3.7 million in federal funds awarded this by the Northern Border Regional Commission.

Created by the US Congress in 2008, the NBRC is a federal-state partnership working to alleviate economic challenges in northern counties across New York, Vermont, New Hampshire and Maine. In New Hampshire, projects are eligible for the Economic and Infrastructure Development Investment program in all, or portions of, Belknap; Carroll; Cheshire; Coos; Grafton, and Sullivan Counties.

The New Hampshire Department of Business and Economic Affairs administers the program in New Hampshire and works with eligible communities and organizations throughout the year.

“For the communities in which they are located, these projects have a significant role in enhancing the local economy,” said BEA Commissioner Taylor Caswell. “These grants really make a difference for residents want to build a place where people want to live and work.”

The following projects received awards:

Town of Lincoln; $500,000 to improve fireflow by making modifications to an existing booster pump station at Crooked Mountain and a new 234,000-gallon storage tank at Indian Mountain;

Twin State MakerSpaces, Inc., Claremont; $164,800 for installation of rooftop solar power generation, with savings energy operating costs to be invested for education and workforce development programming in the community;

Town of Swanzey; $500,000 to reconstruct and improve a road, sidewalk and drainage in West Swanzey village;

Meriden Village Water District, Plainfield; $376,000 to install a rapid infiltration basin system at the wastewater treatment facility, upgrading surface water discharge to groundwater discharge;

Colebrook Community Child Care; $158,642 to renovate an existing childcare facility; provide teacher training and create new programs;

Community College System of New Hampshire; $199,842 to create a test facility for welders and computer and technical skills training for advanced manufacturers and other businesses;

Belknap Mill Society, Laconia; $250,000 for interior renovation and restoration of the Belknap Mill to expand education programming;

Town of Newport; $354,183 to replace the water intake pipe system at Gilman Pond, Newport’s primary water supply;

Lakes Region Community College, Laconia; $189,825 to create two teaching laboratories and a dining room facility, increasing training opportunities for students interested in hospitality and tourism industries;

Nansen Ski Club, Berlin; $250,000 to redevelop the historic Nansen Ski Jump as a site for US Nordic-sanctioned competitions and the development of a North Country youth jumping program;

Turning Points Network, Claremont; $250,000 to renovate a structure to serve as the main office for Turning Points Network, enabling it  to expand capacity to deliver its economic independence program;

Town of Groton; $250,000 to repair one mile of class V, town-maintained road, from Sculptured Rocks Road to Sculptured Rocks State Park;

Town of Carroll; $250,000 to improve safety at the intersection of School Street and US Route 302, for future construction of public safety and municipal buildings;

Southwest Region Planning Commission; $75,000 for the planning and technical assistance to municipalities, businesses, and other stakeholders adopting policies and implementing strategies addressing economic development challenges, and improving communities’ capacity to attract and retain businesses, jobs and a skilled workforce.

Gov. Sununu Nominates 27 Tracts for Federal Opportunity Zones

Thursday, May 3rd, 2018

Since publication of this post, the tracts nominated last month have been so designated by the Department of Treasury. -Ed.

New Hampshire Governor Chris Sununu has nominated 27 low income census tracts of the state to be designated as Opportunity Zones, part of a federal program encouraging economic development and investment in neighborhoods around the country.  Governor Sununu made the announcement from Marceau Park in Franklin, one of the areas designated today.

In New Hampshire, the areas nominated include tracts and contiguous tracts, ranging from the Manchester Millyard, downtown Rochester and tracts in the Seacoast, to the White Mountains and the North Country.

“New Hampshire’s resiliency lies in our local communities – they are the backbone of our society and the focal point of cultural activity,” said Governor Chris Sununu. “For far too long, however, some communities have been left behind. While some have thrived in recent years, others are struggling to keep up. Today, we are announcing 27 Opportunity Zones across the state to encourage investments in areas that are often left behind. Opportunity Zones provide tax incentives to investors to reinvest unrealized capital gains into neighborhoods throughout the state.  These local neighborhoods deserve an economic boost, and that is what we are going to give them. The goal is simple: to create jobs, to increase wages, and to revitalize communities across the state.”


For more information about the Opportunity Zone nominations, visit our website.


“Our goal was to designate tracts that present the best opportunities for investment and can leverage other state and federal resources.  My hope is that once this program is fully deployed, it can serve as catalyst to bringing economic opportunity to New Hampshire communities,” said Taylor Caswell, Commissioner, New Hampshire Business and Economic Affairs.

The program was created by the Tax Cuts and Jobs Act, which provides federal tax incentives to investors in areas designated as an Opportunity Zone and is administered by the U.S. Treasury Department.  States were required to designate 25% of the low income census tracts in the state as Opportunity Zones.  Investors can defer capital gains on earnings reinvested in the zones and long-term investments maintained for over 10 years do not have to pay additional capital gains taxes on earnings from Opportunity Zone investments.

Final designations are subject to federal confirmation and final rules for the new Opportunity Zone are being developed by the US Treasury.


Communities nominated for federal Opportunity Zones:

  • Berlin
  • Claremont
  • Colebrook, Atkinson and Gilmanton Grant
  • Conway/North Conway
  • Derry
  • Dixville Notch, Columbia, Millsfield, Errol, Dummer, Milan, Cambridge, Success, Erving and Wentworth’s Location, Second College Grant
  • Dover
  • Durham
  • Franklin
  • Keene
  • Laconia
  • Lancaster, Kilkenny
  • Lincoln, Easton, Waterville Valley, Livermore
  • Littleton
  • Manchester
  • Nashua
  • Newport
  • Plymouth
  • Raymond
  • Rochester
  • Seabrook
  • Somersworth
  • Stratford, Groveton (Northumberland), Stark, Odell

 

Container Excitement: Rand-Whitney Breaks Ground for New Facility in Dover

Monday, November 23rd, 2015

ProCon002

Groundbreaking in Dover

 

What was all the excitement about in Dover last week? The groundbreaking for the new Rand-Whitney container facility at the Stonewall Industrial Park – all 118,600-square-feet of it.

(We love groundbreakings.)

Taking part in the groundbreaking were local officials and representatives of PROCON of Manchester and Rand-Whitney of Portsmouth. Rand-Whitney is a household name, known for pioneering innovative and environmentally-friendly corrugated packaging for nearly 80 years. PROCON is the designer and construction manager celebrating 80 years and Summit Land Development of Dover is the developer.

The new address in Dover ends years of searching by Rand-Whitney for a location for its new facility, which is now located at the junction of Route 108 and the Spaulding Turnpike.
“At this location, we will be able to hire more employees, bring in new equipment and develop our relationship with our neighbor Stonewall Kitchen and other local businesses,” said Nick Smith, president and CEO.

ProCon001

Coming soon!

Why Dover?
Rand-Whitney operated a corrugated cardboard sheet plant in Dover from 1972 to 2002, but subsequent growth and expansion required relocations over the years to Rochester, then later to the Pease International Trade Port.

When the decision was made to construct a new plant to house its massive operations, Dover’s business friendly environment was a big factor.

“Rand Whitney’s long history in this city and our relationship with PROCON made it a good match,” said Daniel Barufaldi, the city’s economic development director. “It was a true team effort – everyone worked together to move the project forward quickly. They are back where they started, and that’s a wonderful thing.”

Adds Mayor Karen Weston, “Our goal as a city has been to increase economic development and this is such a huge boost to our economy. We are already seeing the economic benefits of having Rand-Whitney here.”

For more information about expanding in or relocating your business to New Hampshire, hop over to our website.

Lorna Colquhoun
Communications Director
Division of Economic Development