email@example.com | (603) 313-3800
Todd Horner, Chair | Southwest Region Planning Commission
Steve Silverstein, Treasurer | Tree Free Greetings
Amanda Littleton, Secretary | Cheshire County Conservation District
Bob Edwards | Selectboard, Town of Antrim
Rik Ekstrom | ARExA
Dan Osborn | River Valley Community College
Andrew Richardson | Savings Bank of Walpole
George Hansel | Filtrine Manufacturing and Mayor of Keene, New Hampshire
Stephen Bragdon | Bragdon Law
Juliana Bergeron | Northwest Mutual
The Monadnock Economic Development Corporation (MEDC) has a unique and successful history of incorporation in Southwestern New Hampshire. In 1985, a need was identified to "centralize in one organization leadership and coordination of efforts to improve and revitalize…the health, vitality and environment of the industrial base of the Keene region…" Hence, the private, not-for-profit Keene Industrial Development Corporation (KIDC) was founded. KIDC initially derived its funding from the City of Keene, the Keene Chamber of Commerce and the Keene Downtown Housing Corporation. The objectives of the organization included:
Recognizing that Keene is at the economic center of the Monadnock Region, and that a vital downtown was critical to its prosperity, KIDC merged with Keene Downtown Revitalization Corporation in 1995 to form the Keene Economic Development and Revitalization Corporation. An additional objective was added to the original articles of incorporation:
In 1999, the name of the organization was changed to Monadnock Economic Development Corporation (MEDC), to better reflect the corporation's mission "to lead the region in the enhancement of its industrial and business base to improve the standard of living, quality of life, and economic vitality of our communities."
MEDC accomplishments include the development of Black Brook Industrial Park, with the creation of over 500,000 square feet of new building space and hundreds of new jobs; the E.F. Lane Hotel, which entailed the purchase and renovation of the former Goodnow's Department Store into an upscale forty room hotel in downtown Keene; the renovation of the 60,000 square foot Beaver Mills Building into office space and senior housing; and the transformation of the Chamberlain Block from a sheet metal and ply-wood covered vacant block into retail, office, and housing space in downtown Keene.
Additional examples of successful business expansion projects that have been assisted by MEDC through the use of creative funding and MEDC's loan pool include: Hannah Grimes Marketplace, in Keene, Lentex in Walpole, Benson Woodworking in Walpole, New England Wood Pellet in Jaffrey, Sunset Tool in Keene, Bagel Works in Keene, and PlumPak in Winchester. An indirect benefit derived from these success stories is that MEDC's operations are now entirely funded by the net income produced by these projects, as well as loan income.
Monadnock Economic Development Corporation
PO Box 704, Keene, NH 03431
Copyright © 2024 Monadnock Economic Development Corporation - All Rights Reserved.