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RSA 12-O:21 · New Hampshire Economic Development Fund

Title
I: THE STATE AND ITS GOVERNMENT
Chapter
12-O · DEPARTMENT OF BUSINESS AND ECONOMIC AFFAIRS
Status
current
Official source linked
Yes
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12-O:21 New Hampshire Economic Development Fund. –

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I.

There is hereby established the New Hampshire economic development fund which shall be administered by the commissioner of the department of business and economic affairs. Said fund shall be for the purpose of providing funds for grants, loans and other economic development initiatives which shall be generally considered to be beneficial to the state's overall economy as provided for in paragraph II.

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II.

Said fund shall be distributed or expended by the commissioner with prior approval of the fiscal committee of general court and the governor and council for any of the following purposes:

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(a)

Business financing and expansion initiatives.

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(b)

Workforce recruitment retention and creation.

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(c)

International trade.

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(d)

Research and development activities.

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(e)

Other projects or programs recognized as being beneficial to business activity in New Hampshire.

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III.

To maximize the economic impact of expenditures from this fund, and to leverage additional funding from other sources, the commissioner may contract with such organizations as, but not limited to, the following:

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(a)

Chambers of commerce.

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(b)

Regional economic development or planning organizations.

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(c)

Innovation Research Center.

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(d)

Small Business Development Center.

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IV.

All moneys appropriated to the fund as well as moneys returned to the department as a result of contracts between the commissioner and any other party as authorized shall be redeposited into the New Hampshire economic development fund. In addition, the department may accept gifts, grants, donations or other moneys for the purposes of this section. Said moneys shall be deposited into the New Hampshire economic development fund. Source. 2017, 156:40, eff. July 1, 2017. 2021, 91:65, eff. July 1, 2021.

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Source note

Source. 2017, 156:40, eff. July 1, 2017. 2021, 91:65, eff. July 1, 2021.

Source history

  • 2017, 156:40, eff. July 1, 2017
  • 2021, 91:65, eff. July 1, 2021

Related materials

Bill relationships

  • 2026 HB1617 amend

    epartment of Commerce and other relevant agencies. 3 The State and Its Government; Department of Business and Economic Affairs; New Hampshire Economic Development Fund. Amend RSA 12-O:21, II(a) to read as follows: (a) Domestic and international business recruitment, [Business] financing, and expansion initiatives. 4 The State and Its Government; Department of Business and Economic Affairs; Goals

  • 2026 HB1764 amend · effective 2026-04-01

    ce housing development. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subdivision; Municipal Workforce Housing Targets. Amend RSA 12-O by inserting after section 70 the following new subdivision: Municipal Workforce Housing Targets 12-O:70-a Municipal Workforce Housing Targets. I. The department of business and economic affairs, in partnership w

  • 2026 HB1764-FN amend · effective 2026-04-01

    ce housing development. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subdivision; Municipal Workforce Housing Targets. Amend RSA 12-O by inserting after section 70 the following new subdivision: Municipal Workforce Housing Targets 12-O:70-a Municipal Workforce Housing Targets. I. The department of business and economic affairs, in partnership w

  • 2026 HB572 amend · effective 2025-07-01

    a residential use into a publicly available list of properties available for grant or loan funding pursuant to RSA 12-O:72-a. 5 New Section; Partners in Housing Program. Amend RSA 12-O by inserting after section 72 the following new section: 12-O:72-a Partners in Housing Program. The department shall establish a program, known as the partners in housing program, for the purpose of building workforc

  • 2026 HB572-FN amend

    a residential use into a publicly available list of properties available for grant or loan funding pursuant to RSA 12-O:72-a. 5 New Section; Partners in Housing Program. Amend RSA 12-O by inserting after section 72 the following new section: 12-O:72-a Partners in Housing Program. The department shall establish a program, known as the partners in housing program, for the purpose of building workforc

  • 2026 SB526 amend · effective 2026-05-08

    ire-Greece trade council. Be it Enacted by the Senate and House of Representatives in General Court convened: 66:1 New Section; New Hampshire-Greece Trade Council. Amend RSA 12-O by inserting after section 23-a the following new section: 12-O:23-b New Hampshire-Greece Trade Council. I. The general court finds as follows: (a) Greek-Americans were an important part of New Hampshire's ea

  • 2026 SB637 amend · effective 2026-07-01

    House of Representatives in General Court convened: 1 Short Title. This subdivision shall be known as the “Eat Local Act.” 2 New Subdivision; Local Farm Registry. Amend RSA 12-O by inserting after section 76 the following new subdivision: Local Farm Registry 12-O:77 Definitions. In this subdivision: I. “Department” means the department of business and economic affairs. II. “Registered far

  • 2026 SB637-FN amend · effective 2026-07-01

    House of Representatives in General Court convened: 1 Short Title. This subdivision shall be known as the “Eat Local Act.” 2 New Subdivision; Local Farm Registry. Amend RSA 12-O by inserting after section 76 the following new subdivision: Local Farm Registry 12-O:77 Definitions. In this subdivision: I. “Department” means the department of business and economic affairs. II. “Registered far

  • 2026 SB638 amend · effective 2027-01-01

    ion fund established in RSA 12-O:23-b. 4 New Section; The State and Its Government; Department of Business and Economic Affairs; Small Business Tariff Stabilization Fund. Amend RSA 12-O by inserting after section 23-a the following new section: 12-O:23-b Small Business Tariff Stabilization Fund. I. There is hereby established the small business tariff stabilization fund, which shall be kept separat

  • 2026 SB638-FN amend · effective 2027-01-01

    ion fund established in RSA 12-O:23-b. 4 New Section; The State and Its Government; Department of Business and Economic Affairs; Small Business Tariff Stabilization Fund. Amend RSA 12-O by inserting after section 23-a the following new section: 12-O:23-b Small Business Tariff Stabilization Fund. I. There is hereby established the small business tariff stabilization fund, which shall be kept separat

  • 2025 HB2 add

    ment by the select board as a residential use into a publicly available list of properties available for grant or loan funding pursuant to RSA 12-O:72-a. 141:212 New Section; Partners in Housing Program. Amend RSA 12-O by inserting after section 72 the following new section: 12-O:72-a Partners in Housing Program. The department shall establish a program, known as the partners in housing program, for the purpose of building w