SHAHEEN, HODES ANNOUNCE MORE THAN $4 MILLION FOR TECHNOLOGY BUSINESS INCUBATOR IN GRAFTON COUNTY
Washington, DC - U.S. Senator Jeanne Shaheen and Congressman Paul Hodes today announced that the Dartmouth Regional Technology Center in Bethlehem will receive $4,333,786 from the Economic Development Administration to create jobs and boost economic development. This funding, made available through the American Recovery and Reinvestment Act of 2009, will be used to construct an addition to the Dartmouth Regional Technology Center, which will encourage the growth of existing firms and the start-up of new high-tech companies in the incubator.
"This Recovery Act funding will help more North Country businesses get advice and access the resources they need to be successful," said the members of Congress in a joint statement. "Through this critical investment in technology, local jobs will be created and area businesses will receive the assistance they need thrive in the changing global economy."
The funding announced today is anticipated to create 110 jobs and spur economic growth in the North Country as businesses succeed and expand throughout the region. The Dartmouth Regional Technology Center assists technology companies with refining their business plans, identifying and seeking sources of investment and expertise, and providing basic business infrastructure to increase efficiency and profitability.