New Hampshire Business Newsreel
March 11. 2014 6:00PM
NH makes good use of loan fund
Only four states did better than New Hampshire at making sure that money from the Treasury Department’s State Small Business Credit Initiative was used in a timely fashion.
The Treasury Department recently released a new quarterly report showing that New Hampshire had spent $11.5 million, representing 88 percent of its allocation, by the end of 2013.
Idaho, West Virginia, South Carolina and Montana were the only states to use the money faster.
The report showed the total funds expended, obligated, transferred or recycled by state programs reached $750 million, or 51 percent of the nearly $1.5 billion of total allocated funds, by the end of last quarter.
SSBCI was created when President Obama signed into law the Small Business Jobs Act of 2010. Through SSBCI, the Treasury Department awarded almost $1.5 billion to fund programs that support small businesses and small manufacturers.
The program is expected to help spur up to $15 billion in new private sector lending or investment in small companies by leveraging $10 in private capital for every $1 of federal support by the program’s end.
For more information, visit www.treasury.gov/ssbci.
AT&T investment in NH reaches $110M
CONCORD — AT&T invested nearly $110 million in its wireless and wired networks in New Hampshire between 2011 through 2013 in an effort to upgrade speed, reliability, coverage and performance for residential and business customers, the company said.
In 2013, the company made nearly 80 network upgrades in New Hampshire, including new cell sites, addition of wireless and wired network capacity, and new broadband network connections, including the launch of its 4G LTE network in Concord, Portsmouth and Laconia; expansion of its 4G LTE network to more areas in Manchester and Nashua; and the activation of new cell sites in Concord, Colebrook and North Conway, the company said.
School districts hosts job fair
PLAISTOW — The Hampstead and Timberlane regional school districts have scheduled a job fair for educators from 8 a.m. to noon on Saturday, March 22 at Timberlane Regional High School, 36 Greenough Road, Plaistow.
Appointments are required. Call Joanne Welch at 382-6119, ext. 2210 or email to firstname.lastname@example.org to schedule an appointment.
Fill out an application and upload a resume at www.applitrack.com/timberlane/onlineapp/
The alternate date for the event is March 29 should the March 22 be canceled because of snow.