http://www.crdc-nh.com/news.html? News http://www.crdc-nh.com/news.html?news_id=26&module_params[name]=news&module_params[mode]=default&module_params[action]=detail Five months into CRDC's fiscal year and the organization is helping New Hampshire’s economy during these challenging times. According to Stephen Heavener, CRDC's Executive Director, CRDC has successfully financed six businesses around the state in towns like; Claremont, Hooksett, Concord and Boscawen. -------------------------------------------------------------------------------- Total lending to date since October 1, 2011 is $1,989,000. Direct loans: $300,000 SBA 504: $1,689,000 --------------------------------------------------------------------------------- "Perhaps the most important aspect of our loan closings is our banking partners," says Heavener, "which include; Centrix Bank, Hampshire First Bank, Mascoma Bank, Merrimack County Savings and St. Mary’s Bank. All of whom see the value of CRDC’s mission and our expertise with SBA 504. Our loan officers work hard to ensure the interests of the banks and their customers are met. We are proud to be an extension of their lending team. We play a critical role in assisting with the state’s economic recovery." en-us $date http://www.crdc-nh.com/news.html?news_id=25&module_params[name]=news&module_params[mode]=default&module_params[action]=detail Concord Monitor Featured Monday January 23, 2012 en-us $date http://www.crdc-nh.com/news.html?news_id=24&module_params[name]=news&module_params[mode]=default&module_params[action]=detail Written from the desk of Stephen Heavener While visiting New Hampshire on November 22nd, President Barack Obama delivered an address at Central High School in Manchester, NH, and I was invited along with almost 35 other New Hampshire leaders, to attend the speech and participate in a "meet and greet" with the President. Even though my position is non-partisan, I was deeply honored to be included in this exclusive group, which included Mayor Jim Bouley, Senator Sylvia Larsen and former Congressman Paul Hodes. During the President's speech, our group was invited to stand just to the side of the stage, which was an invaluable privilege and a unique perspective. Although his speech touched on many relevant topics, the American Jobs Act was a central theme, and certainly struck home with the supporters in the crowd. As the Executive Director of the Capital Regional Development Council, the economic development outcomes from President Obama's initiatives are critical to our continued operations and success. As an added value, I was thrilled to have significant time to interact with professional colleagues, such as Jeanne Hulit, the regional administrator for the US Small Business Administration, and Curt Spalding, the regional administrator for the US Environmental Protection Agency. Immediately following the speech, President Obama and I shared a few minutes of private conversation while we waited for our photo opportunity. As an advocate for economic development services for business and local government in New Hampshire, I utilized this opening to speak with President Obama about the Capital Regional Development Council's lending programs and the need for Congress to extend the eligibility of the refinancing of existing commercial debt by the Small Business Administration 504 Program beyond the September 30th sunset. He agreed that it should be extended as part of his overall ongoing initiatives to stimulate the economy. This brief conversation is one that I will always remember fondly, both for the economic development perspective as well as the personal encounter with a respected and admired public figure. As an economic development professional who has worked in seven states over the past 30 years, I am grateful to have been present for an address so pertinent to my expertise. For the Capital Regional Development Council, President Obama's support of our lending programs to facilitate job growth and private sector investment is invaluable. Over the next year, I look forward to additional opportunities to participate in more detailed events that are relevant to my position and experience. en-us $date http://www.crdc-nh.com/news.html?news_id=23&module_params[name]=news&module_params[mode]=default&module_params[action]=detail New Hampshire's largest newspaper, The Union Leader featured CRDC for its outstanding loan development in 2011. In the interview with CRDC Executive Director, Stephen Heavener - Stephen points out the loans were closed with 11 different New Hampshire Banks, which is a clear indication of CRDC's value to the banking and finance industry in the state. CRDC also contributed to the State's job growth with an 11% increase over 2010. To read the full article click here en-us $date http://www.crdc-nh.com/news.html?news_id=22&module_params[name]=news&module_params[mode]=default&module_params[action]=detail CRDC announced its financial results for fiscal year ending September 30, 2011. The report is highlighted by solid loan growth despite a down economy, increase in creation and/or retention of jobs and an increase in approved SBA 504 lending giving CRDC the number two ranking in licensed New Hampshire SBA Community Development Companies – a jump from fourth in 2010. “In addition to providing direct lending, CRDC works closely with New Hampshire banks to provide gap funding which often times comes in the form of SBA 504 lending,” says Stephen Heavener, CRDC Executive Director. “Despite a challenging economic time, we had a successful year with $4,489,305 in closed loans. This does not account for the pending closings dated after September 30th. I attribute the success to the diligent work of our loan officers; Elizabeth Sweeney and Jennifer Boulanger, our established relationships within the banking industry combined with CRDC’s strong reputation that our loan products are very competitive and necessary for banks to draw upon to enable growing companies to borrow.” “New Hampshire has many innovative business owners that are seeking to grow their business but need some financial assistance,” said Elizabeth Sweeney, CRDC Senior Loan Officer. “My biggest joy is to work with these owners, and match their needs with our direct lending products or to be there to provide gap funding solutions in conjunction with their bank.” The report released at CRDC’s Annual Meeting of Board Directors, and invited guests on November 9, highlights CRDC’s work in the creation and/or retention of New Hampshire jobs. In 2011, 130 jobs were the direct result of CRDC’s loan development, that’s an 11% increase from the previous year. “As a mission-driven non-profit we are focused on offering financing programs that result in private sector job retention and creation,” said Jennifer Boulanger CRDC Loan Officer. “The majority of these jobs were in the hospitality and information technology industries further proving CRDC’s value to New Hampshire’s economy.” Click here to download the 2011 Annual Report http://www.crdc-nh.com/default/resources.html en-us $date http://www.crdc-nh.com/news.html?news_id=21&module_params[name]=news&module_params[mode]=default&module_params[action]=detail The Capital Regional Development Council (CRDC) is pleased to announce two awards will be presented at its Annual Meeting of Board Members and invited guests to be held on November 9, at the Audubon Society, in Concord. The first award will salute Merrimack County Savings Bank as CRDC’s Bank of the Year. The award according to CRDC Executive Director, Stephen Heavener is based on the total number of loans referred to CRDC in the fiscal year ending September 30. “CRDC is a non-profit development corporation, and relies heavily on our relationships within the banking industry to achieve our mission,” says Heavener. “Merrimack County Savings Bank believes in CRDC and the work we do to facilitate economic development. We work closely with many New Hampshire banks, but clearly Merrimack Savings Bank is a lead supporter of our work at CRDC and we recognize their support through this award.” Merrimack County Savings Bank President, Paul Rizzi applauds CRDC for its mission, “CRDC is an integral part of our state’s economic development. Their programs often provide our banking customers with the gap funding they need to proceed with their business goals. CRDC is a true partner for the Merrimack, and we appreciate the work they do for our customers.” Rizzi is expected to accept the award on behalf of the Bank at the November 9 reception. CRDC will also celebrate the dedication and support of Mary Jane Ricker, of Laconia Savings Bank as the 2011 Commercial Lender of the Year. The award is solely based on the dollar volume produced together by a commercial lender and CRDC. “We look forward to celebrating Mary Jane’s dedication to CRDC and her commitment to her banking customers through this award. She introduces our financial options such as our SBA 504 Lending or New Market Tax Credits as gap funding options to her customers,” says Heavener. “She is a direct link to CRDC’s financial success this year and we applaud her for her strong commitment to not only us, but ultimately to her banking customers.” “Mary Jane is a seasoned commercial lender with us at Laconia Savings Bank and the one thing we all know about Mary Jane is that she advocates strongly for her customers,” says Louis H. Guevin, Jr., Executive VP of Commercial Services at Laconia Savings Bank. “She works hard to ensure her customers are offered the best loan products that fit their business needs, and it’s clear she taps into all resources like that of CRDC to make that possible.” Ricker is a Senior Vice President and Team Leader in the Commercial Services Group and works closely with CRDC’s Senior Loan Officer and Economic Development Associate, Elizabeth Sweeney and CRDC Loan Officer, Jennifer Boulanger. en-us $date http://www.crdc-nh.com/news.html?news_id=20&module_params[name]=news&module_params[mode]=default&module_params[action]=detail CONCORD MONITOR Monday, October 24, 2011 By: Tricia L. Nadolny - Monitor Staff Town prepares to attract business Water development project nearly done As Bow's water development project nears completion, town officials are preparing to aggressively market the updated Route 3A corridor with hopes of having businesses interested when the system goes online this spring. Nearly 10 years after voters approved funding for the development, Town Manager David Stack said he is eager to see the project's original vision - of building industry and expanding Bow's tax base - become a reality. "We're starting to get the word out that we're here," Stack said. "And we have water." Stack said crews are expected to begin testing the newly laid water mains between Johnson and Vaughn Roads this winter, with the water supply ready for hookups in the spring. Since starting construction last November, the town has also begun work to replace the pump stations at Hall Street and River Road. The project's original conception, which voters approved $12.5 million in funding for in 2002, also included installing a sewer system in the area. But in 2010 the selectmen realized the project's price tag had raised substantially and voted to shrink the sewer portion of the project, with crews laying some sewer pipes but not connecting them to the Hall Street pump station, according to Stack. Stack said the town plans to finish the sewer expansion, which would cost about $3.5 million, in the future, but he added that demand will dictate that timeline. To build development interest in the area, Stack said the town will soon unveil a new economic development section on its website, which will provide maps and site information to interested businesses. Stephen Heavener, executive director of the Capital Regional Development Council, said he believes the area could be ideal for light manufacturing firms with about 50 employees. He said Bow has also identified a few locations where large distribution centers of up to 200,000 square feet could be built. Heavener said he sees most outside growth coming from companies in Massachusetts, New York, Connecticut and New Jersey that are looking to expand or move into a better tax environment. Heavener, who said the CRDC has acted as an economic development consultant to Bow for several years, noted that projects like this take substantial time to build. But he's hopeful between six and 12 developments, totaling $10 million to $20 million in investment, can be secured in the next five years. While outside recruitment is an important part of that equation, Heavener and Stack both said growth of existing businesses should make up a majority of the area's new jobs in coming years. For that reason, the town is also starting a substantial campaign to meet with every business in Bow and hear about any future expansion plans owners might have, Stack said. "Your best source of new business is from an existing client," said Harry Judd, chairman of the board of selectmen. "We're doing that outreach, (asking) what we've done right what we could have done better and what we can do to make our business community grow." Stack and Judd began those meetings this week and both said they hope to continue scheduling appointments with other businesses, with the ultimate goal of securing investments before the new water mains go online. "We hope to get folks lined up so they'd be ready to rock and roll a soon as we have the water," Judd said. (Tricia L. Nadolny can be reached at 369-3306 or tnadolny@cmonitor.com.) Click the link to the article: http://www.concordmonitor.com/article/287748/town-prepares-to-attract-business?CSAuthResp=1319474873%3A3b21adca136981ce4ua2f7so97%3ACSUserId%7CCSGroupId%3Aapproved%3AAB3992C8089F2541A7871E8A1D6A824E&CSUserId=94&CSGroupId=1   en-us $date http://www.crdc-nh.com/news.html?news_id=18&module_params[name]=news&module_params[mode]=default&module_params[action]=detail Stephen Heavener, CEcD, EDFP, Executive Director, CRDC, was recently a guest on NH's Business, a weekly business segment featured on WMUR-TV. Discussion focused on the success of CRDC's loans this year to date, the jobs created from these loans and an overview of CRDC's mission. Click here to watch the full interview: http://www.wmur.com/video/29489473/detail.html en-us $date http://www.crdc-nh.com/news.html?news_id=19&module_params[name]=news&module_params[mode]=default&module_params[action]=detail The Capital Regional Development Council, CRDC, was awarded a $750,000 loan from the U S Department of Agriculture’s Rural Development Intermediary Relending Program (IRP) today. A total of 18 economic development organizations were awarded $10,650,000 throughout the US from this highly competitive program. Three loans were awarded to New Hampshire Regional Development Corporations. In addition to CRDC, the Grafton County EDC was awarded a $500,000 loan and the Monadnock EDC was also awarded a $500,000 loan. This is the second $750,000 loan awarded to the Capital Regional Development Council. The initial award was made in early 2008. CRDC used those funds to assist ten businesses with loans to finance growth. CRDC deploys the IRP throughout Sullivan, Merrimack and Hillsborough Counties to businesses located in communities of fewer than 25,000 population. This is the second Federal award received by CRDC in 2011. In June, the U S Environmental Protection Agency awarded a $1.0 million Brownfields Revolving Loan Fund grant to CRDC to assist with the clean-up and remediation of environmentally impacted sites throughout Merrimack and Hillsborough Counties. The Capital Regional Development Council is a non-profit development corporation that provides a variety of economic development services to businesses and local governments throughout New Hampshire. The Capital Regional Development Council is a mission driven non-profit focused on offering programs that result in private sector job creation and local property tax base enhancement. en-us $date http://www.crdc-nh.com/news.html?news_id=17&module_params[name]=news&module_params[mode]=default&module_params[action]=detail The Capital Regional Development Council, CRDC, has announced a new collaboration with BDC Capital Corporation and New England Certified Development Corp. The collaboration is designed to bring needed capital and outreach to small and mid-size businesses located in New Hampshire. “BDC is a New England wide loan and investment company with more than $600 million invested in companies around the six state region,” according to Stephen Heavener, Executive Director of CRDC. “They bring a wide range of financing resources to our local clients including revolving lines of credit, SBA term loans, and mezzanine investment. Like CRDC, they are a successful New England based SBA 504 lender. CRDC plans to work with BDC to bring all of these financing options to companies in New Hampshire to complement the lending tools CRDC already offers.” “CRDC is a well-respected local lender throughout New Hampshire and we welcome the opportunity to work with them” says Ken Smith, President of BDC Capital. “CRDC is well known to New Hampshire bankers and they have helped many area businesses expand through their SBA 504 loan and other direct loan programs.” “Stephen Heavener and the CRDC lending staff that includes Liz Sweeney and Jennifer Boulanger, are really committed to expanding CRDC’s mission to help businesses. We met at a regional small business conference and he presented a compelling case that we should open an office in Concord and partner with them to assist New Hampshire businesses.” BDC and its affiliate, New England Certified Development Corp., are sharing office space with CRDC at 91 North State Street in Concord. Mr. Raymond Dugdale, a Vice President with more than 25 years of small business lending experience, will work from the Concord office. “I started my outreach efforts last week,” reports Mr. Dugdale. “I am interested in getting out and working with small business owners to see how we can be of help to them in solving their financing problems. Last year alone we delivered more than $100 million in financing to New England companies and I am optimistic that this collaboration with CRDC will bring a good portion of that here to New Hampshire.” For more information: Stephen Heavener, CRDC Executive Director, CRDC 603/369-6000.   en-us $date http://www.crdc-nh.com/news.html?news_id=1&module_params[name]=news&module_params[mode]=default&module_params[action]=detail August 2010 The State of Concord's Business Climate NHBR en-us $date http://www.crdc-nh.com/news.html?news_id=2&module_params[name]=news&module_params[mode]=default&module_params[action]=detail June 2010 Bow Water and Sewer Project Goffstown News en-us $date http://www.crdc-nh.com/news.html?news_id=3&module_params[name]=news&module_params[mode]=default&module_params[action]=detail Summer 2010 Growth in Sullivan County Eagle Times en-us $date