NCIC, GSPL Formalize Partnership For $20 Million Economic Development Fund At Littleton Event

Jon Freeman, left, president of Northern Community Investment Corp., and Joseph Rossignoli, director of U.S. business development for National Grid, sign an economic development agreement in Littleton on Tuesday. National Grid has committed to providing $20 million to economic development to N.H. communities that would host the Granite State Power Link if the GSPL is approved. (Photo by Robert Blechl)

LITTLETON — National Grid, partnering with Northern Community Investment Corp., has committed to providing $20 million for economic development in N.H. communities along the route of its Granite State Power Link transmission line.

A memorandum of understanding was signed at the Paul J. McGoldrick Learning Center in Littleton on Tuesday by Joseph Rossignoli, director of U.S. business development for National Grid, and Jon Freeman, president of NCIC, which would administer the money to promote economic and community development and job opportunities through a revolving loan fund and grants to route host communities.


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