BFA credited with helping REDC encourage business and job creation through its NH New Americans Loan Fund.
May 21, 2019 – The New Hampshire Business Finance Authority (BFA) is honored to have received special recognition by the Regional Economic Development Center (REDC) for their $100,000 contribution to REDC’s NH New Americans Loan Fund. The surprise honor took place at the REDC’s recent 25th anniversary celebration.
The New Americans Loan Fund encourages business development and job creation for new Americans, (first generation immigrants) in New Hampshire. The REDC works independently or in partnership with local lenders to help borrowers secure the micro-funding needed to start or grow their small businesses.
“We’ve had a great relationship with the BFA,” stated Laurel Adams, President of the REDC. “They have been terrific partners and we are confident that we will continue building upon our important work of providing technical assistance, financing, and business development training to southern New Hampshire and its citizens
“Being recognized by one’s peers is one of the best honors anyone can receive,” stated BFA’s Executive Director James Key-Wallace. “We are proud of the strong relationship we’ve built with the REDC. Both of our organizations are committed to creating an economic vibrancy for New Hampshire that includes all citizens. I am confident that we will continue to work together and provide these critical services to New Hampshire.”
About the NHBFA
The Business Finance Authority (BFA) was created to foster economic development and create employment in New Hampshire. The BFA accomplishes these objectives by working with New Hampshire’s banking, business, and economic development sectors to develop and implement programs which expand the availability of credit in the state. Our customers include manufacturers, small and medium-sized businesses, health providers, and non-profit educational and cultural organizations.
About the REDC Established in 1994, the REDC seeks to promote responsible, sustainable economic development activities in southern New Hampshire. The agency does this by creating jobs for low to moderate income people, by accessing alternative financing for business and industrial expansion/relocations, which in turn provides tax relief for our communities and Southern New Hampshire.
For more information about the BFA, please contact Tiffany Eddy at 603-657-6471 or firstname.lastname@example.org