The Capital Regional Development Council, known as CRDC, is a statewide economic development organization with more than 50 years of success offering a variety of economic development and business financing services. CRDC is one of the 10 regional development corporations recognized by the State. CRDC provides economic development and lending services to business and communities located in Sullivan County, Merrimack County and the following communities in Hillsborough County, Mont Vernon, Amherst, Hollis, Manchester, Weare, Goffstown, New Boston and Bedford. The service area includes 50 cities and towns. In the past 5 years, CRDC has helped create or retain more than 1,600 jobs and triggered private investments of over $100 million. We are successful because of our strong partnerships with the financial community, municipalities and local and regional economic development groups.

In an effort to assist as many businesses as possible, CRDC offers the following services.

SMALL BUSINESS LOANS: : CRDC provides creative financing to small businesses to ensure their successful start-up, expansion and growth. We are an approved Small Business Administration certified development company. CRDC is certified to provide SBA 504 loans to any small business in New Hampshire. We also manage a variety of revolving loan funds targeted to various communities throughout the region. We manage loan funds targeted to businesses in Merrimack County, Sullivan County, Hillsborough County and downtown Concord. The Hillsborough County loan fund was recently added to CRDC’s services. The program is targeted to communities in Hillsborough and Merrimack Counties with populations under 25,000. This program is funded by the USDA Rural Development Office and offers loans of up to $150,000 to growing businesses. All of the loan programs typically require bank participation and most of the debt is provided by CRDC in a subordinated position. CRDC is staffed by 5 professionals with substantial economic development and lending experience.

NEW MARKET TAX CREDITS: CRDC has partnered with Coastal Enterprises, Inc. (CEI) of Portland, Maine to package New Market Tax Credit (NMTC) projects. The NMTC program was established to attract capital to historically underserved projects and communities. It provides an incentive to debt and equity investors in the form of a 39 percent federal income tax credit over a seven year period for investing capital into qualified projects in eligible targeted areas. The U.S. Treasury’s CDFI Fund has awarded a combined allocation of $129 million in NMTC tax credit investment capacity to CEI in recent years. CRDC has been selected by CEI as its sole New Hampshire partner to identify and structure suitable projects.

REAL ESTATE DEVELOPMENT: CRDC develops multi-tenant business parks, commercial buildings, and build-to-lease facilities in order to attract businesses and jobs to New Hampshire communities. The real estate investment policy requires that the local community invite CRDC to participate in a project and that the municipality demonstrates the institutional and physical infrastructure to support economic development and participate at some level in the financing of the project. CRDC is currently targeting real estate activities in the City of Concord, Merrimack, Sullivan, Grafton and Belknap counties, but can evaluate other areas as market opportunities evolve.

ECONOMIC DEVELOPMENT ASSISTANCE: CRDC provides technical assistance to communities to help stimulate economic development throughout New Hampshire. The Community Economic Development Assistance Program (CEDAP) is fee based economic development consulting service and provides direct technical assistance in implementing important community based economic development initiatives. Forms of assistance include grant writing, business loan financial packaging, project coordination, site evaluation and positioning, education, regional marketing, and strategic planning for economic development.

CRDC has been instrumental in several high profile projects. They include: