Mascoma Community Development Wins $65 Million Tax Credit to Facilitate New England Expansion

Mascoma Community Development Wins $65 Million Tax Credit to Facilitate New England Expansion

Mascoma Community Development, an entity of New England based Mascoma Bank, has received a $65 Million tax credit allocation to facilitate industrial and manufacturing expansion, along with retail and main street redevelopments in rural and minor-urban communities of New England. The award is from the New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. Project developments will be focused on New Hampshire, Vermont, Maine, New York, Michigan, and Pennsylvania.

“We will use this award to provide much needed flexible financing for manufacturers needing to update deteriorating facilities and aging equipment,” said Dick Jennings, Managing Director, Mascoma Community Development.

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About NH MEP

New Hampshire Manufacturing Extension Partnership
172 Pembroke Road
Concord, NH  03301

Phone: 603-226-3200

The New Hampshire Manufacturing Extension Partnership does not discriminate on the basis of race, color, creed, national or ethnic origin, gender, disability, age, political affiliation or belief. This nondiscrimination policy encompasses the operation of all educational and training programs and activities. It also encompasses the employment of personnel and contracting for goods and services.

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Press Releases

Supporting Digital Transformation with Legacy Components

Digital transformation (DX) promises increased competitiveness, optimized processes and profitability through big data, along with improved employee and customer relations. Gathering data is essential in the 21st century data-oriented environment and requires flexible, interconnected components. Businesses will need people with the specialized skills to implement and optimize all of this. Beyond that, each firm will have to work with its unique DX plans and existing IT environment.

NH’s Supply Chain Challenges

Across industries, New Hampshire businesses have been navigating the burdens of skyrocketing prices and difficulties obtaining essential materials since the Covid-19 pandemic disrupted supply chains.

Department of Energy Awards $3.7 Million to Address U.S. Manufacturing Challenges

On Monday, the U.S. Department of Energy (DOE) awarded $3.7 million for high performance computing (HPC) projects that address key challenges in U.S. manufacturing and materials development. As part of DOE’s High Performance Computing for Energy Innovation (HPC4EI) initiative, the 13 selected teams will work with the Department’s national laboratories to apply advanced modeling, simulation, and data analysis to projects that improve manufacturing efficiency and explore new materials for energy application.

Commonly Misused Terms in Cybersecurity

When I created the cybersecurity term database, which is the backbone of the NIST Cybersecurity Glossary, I was amazed at how much confusion there was about even ubiquitous terms like “risk” and “security.” There still is no real consensus of what the word “cybersecurity” means! So, I’ve compiled a list of some commonly misused terms in the field of cybersecurity (these are unofficial descriptions that are meant to be informative):

NIST Launches New Manufacturing USA Technology Roadmap Grant Competition

GAITHERSBURG, Md. — Today, the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) announced a new competition for awards to support industry-driven consortia in developing technology roadmaps that will address high-priority research challenges to grow the advanced manufacturing sector in the U.S.

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