The following statement was issued today by NH House Speaker Shawn Jasper following the passage by the House of SB 30-FN-L. The legislation would authorize the Business Finance Authority to guarantee bonds for projects in unincorporated towns in New Hampshire. The bill passed on a Roll Call vote, 293-57.
“By extending the local option for municipal economic development and revitalization districts to include our unincorporated towns, the door is now wide open for future development and job creation for the northern part of our state. With the assistance of the State of New Hampshire, many of the economically challenged rural areas that have been battling to stave off economic hardship for years can now look forward to the prospect of economic prosperity. The legislation that the House overwhelmingly passed today also creates a level playing field for the rural areas of the Granite State in attracting new business and creating jobs for their region. By increasing the BFA’s bonding authority for the first time in over twenty years, this will also help the economic development for the entire state.”