Regional Economic Development Initiative - REDI : for the benefit of the towns of Auburn, Bedford, Candia, Derry, Goffstown, Hooksett, Londonderry, and Manchester

Journal Title
Journal ISSN
Volume Title
Southern New Hampshire University
The objective of the Regional Economic Development Initiative serving the communities of Auburn, Bedford, Candia, Derry, Goffstown, Hooksett, Londonderry, and Manchester is to insure employment opportunities are available for the estimated 7,000 jobs that become available in these communities annually due to restructuring, downsizing, consolidation, bankruptcies and relocation of existing business. An additional component is to organize a training center and revolving loan fund to assist micro and small business owners for start up and expansion of their businesses. This office will serve as a hub for information such as demographics for each of the eight towns and the state of N H . Availability of work force, commercial real estate accommodations, capital and credit sources availability and the appetite of the individual communities for new or expanding business will be accessible at this office or on their web site. The vision is a one stop shopping center for the region in encouraging new business to locate in the area and existing businesses to expand to provide jobs for the 7,000 people displaced annually. Inquiring businesses coming to the center will be welcomed by the staff and would be invited to review the computerized information available regarding available sites, workforce, real estate tax structure, community attitude relative to their business, competition, transportation, tax incentives, if available, financing opportunities, maps and visual aids. After the visit, interested businesses would be connected with economic development officers in the designated community of their interest. (Author abstract)