News: Northern New England

Manchester Econ. Dev. Office program to attract new business

The city of Manchester's Economic Development Office (MEDO) has partnered with several local businesses to increase the reach of its marketing effort and attract new business to the city. Four local banks, Centrix Bank, Citizens Bank, St. Mary's Bank and Ocean National Bank, signed on last fall to launch the inaugural print ad series, which appeared in the New England Real Estate Journal and the New Hampshire Business Review. The full color, full-page ads featured each of the banks' CEOs and presidents and proclaimed, "The companies we keep say a lot about the companies we attract!" "Part of Manchester's unique sell is that we have such a strong and significant business and industry presence already here. To have the leaders of these businesses stand up and say they're proud to be in Manchester, to do business here and to be part of the community is persuasive," said Kate Benway, marketing manager for MEDO. The participants covered most of the costs associated with the creation and running of the ad campaigns, resulting in a sizable contribution to the city's economic development marketing efforts. Earlier this year, three local law firms signed on to create a separate campaign. The McLane law firm, Sheehan Phinney Bass + Green and Wiggin-Nourie came together to create a full color, half-page ad series that appeared in the New England Real Estate Journal. Each law firm chose its own headline which carried a message about Manchester's thriving business community and the success business achieves here. "Manchester is the business and financial capitol of northern New England, but to maintain our edge, it is essential that we continue to market the city," said Jay Minkarah, director of economic development for the city. "Across the country, other municipalities, states and regions are engaging in economic development marketing and our endeavor is to not only retain Manchester's status, but grow our economy and tax base, expand our business and industrial base and create jobs." Several other partnerships with local organizations are in the works, including law firm Devine Millimet, Catholic Medical Center and Dartmouth-Hitchcock. "The support that the business community has shown for our marketing efforts is impressive," said mayor Frank Guinta. "Their commitment of resources and dollars has made a tremendous difference for us in the short-term. In the long-term, as we continue to see the tax base grow, the creation of new jobs and our economy strengthened, we'll have our business community to thank."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary