In December of 2017 our successful efforts to obtain and sell tax credits to fund a new position at SEDC were featured in a piece posted by ReThink Health in Cambridge, Massachusetts. By selling tax credits awarded by the New Hampshire Community Development Finance Authority, SEDC was able to establish a new position to assist Strafford County regional treatment and recovery centers to connect with funding to build capacity, much needed infrastructure, and support organizational stability.
ReThink Health proposes that this method of financing health initiatives be adopted to fund other regional health initiatives.
We thank ReThink Heath and Amanda McIntosh for their acknowledgement and recognition of our efforts in the region!
In March of 2018, Hope on Haven Hill in Rochester closed on financing to purchase the facility they operate in located on Rochester Hill Road. SEDC located low fixed-rate financing and acted as a liaison throughout the process. We connected Hope on Haven Hill with New Hampshire Health and Education Finance Authority and assisted with loan application and closing processes.
Congratulations to Hope on Haven Hill!
Click here to read about the successful relocation of a Portsmouth tool and die business.
Congratulations to North East Cutting Die and thanks to Dan Grey of Coastal Economic Development Corporation for the referral!
Stephanie Benedetti is a Financial Development Officer at SEDC. Stephanie will assist in the development of Strafford county’s main street businesses and small business development throughout the area.
Prior to joining SEDC, Stephanie’s area of expertise comes from financially managing government funded private engineering, construction, and planning development projects. As the former business and financial manager of an architectural cost construction firm in New York City, she brings an extensive amount of financial, small business planning, and community development knowledge to the organization.
Stephanie holds her BS in Business Management with a minor in Accounting from SUNY at Farmingdale.
Matthew Norton is a Financial Development Officer at SEDC. In this role, Norton assists Drug Treatment centers in New Hampshire of varying need, many of which require capital to stimulate growth and build capacity.
Prior to joining SEDC, Norton served as a Cooperative Conversion Specialist at the New Hampshire Community Loan Fund. In this role, Norton assisted residents of manufactured housing parks to research, purchase, and manage their communities collectively as housing cooperatives. His work connected residents in communities with upwards of $2,000,000 of financing in a span of less than two years.
Norton holds a Bachelor of Arts degree in Political Science & Justice Studies and a minor in Race & Ethnic Studies from the University of New Hampshire.
Katherine Clarcq is the Portfolio Administrator at SEDC. Clarcq manages customer loans and works with our customers on a regular basis by providing them assistance with their loans as needed. Clarcq's background is in accounting and includes working as a performance and financial auditor for the State of New Hampshire.
Clarcq is a CPA and received her MPA (Master of Public Administration) from the University of Connecticut.
Dennis H. McCann is the Executive Director of Strafford Economic Development Corporation of New Hampshire. McCann has over 20 years of experience in economic and community development finance. In 1997, he was hired to start up the operations of SEDC. Now, SEDC has one of the largest revolving loan funds in the state, both in dollar volume and number of loans. Prior to SEDC, he was Economic Development Specialist for the NH Community Development Block Grant Program. There, he was involved in $50,000,000 worth of projects in 43 communities.
Jean R. Gill currently serves as Assistant Director. Prior to joining SEDC, Mr. Gill served as Chief Operating Officer of MerchantBanc, LLC, a private investment firm located in Manchester, NH.
Experienced as a commercial lender with local independent banks and the US Small Business Administration, Mr. Gill has over 40 years of expertise in lending to small and medium sized businesses in New Hampshire. He has also worked for the Department of Treasury as a bank examiner.
Mr. Gill is a veteran of the US Army and a graduate of St. Anselm College with a degree in Economics.
On October 10th, 2017, two new associates joined the organization:
Stephanie Benedetti of Dover joins the team as a Financial Development Officer.
Matthew Norton of Rochester also joins the team as a Financial Development Officer (Drug Treatment).