October 2023 Newsletter

REDC's Team Grows!

New Staff Member

REDC is pleased to welcome Sunil Khadka to the team as a Business Advisor. Sunil is responsible for counseling current and prospective REDC clients. His advising includes business planning, financial planning, and marketing plan development.

Sunil is first a generation immigrant from Nepal. He holds a MS in Administrative Science from Boston College and Project Management and a Process Management Certification from Boston University. He is bilingual and is proficient in Bengali, Hindi, Nepali, and Urdu. With twenty plus years of consumer/commercial banking, customer relationships, and community volunteering, Sunil brings passion, commitment, and vision to his work.

 

He is also a past Rotarian with the Paul Harris Fellow of Rotary International and a Greater Merrimack-Souhegan Valley Chamber of Commerce Board member, serving on the Education and Economic Development Committee.

Sunil is passionate about traveling the world, food, watching travel/food documentaries, and outdoor activities. His favorite travel destination is to places he has not yet visited.

 

New Board Director

Stephanie Santos is a Senior Vice President and Business Banking Director at Newburyport Bank and has over 13 years of experience in the commercial lending industry. Her role as a Small Business Administration (SBA) specialist has allowed her to guide entrepreneurs through the complexities of business loans and government programs. Ms. Santos also serves as the Board Chair for the Great Bay Kids Company.

About REDC's Team

CEDS Update

Kick-off Meeting and C3I Facility Tour

REDC's Comprehensive Economic Development Strategy (CEDS) Steering Committee met on October 25, 2023, to start planning for our 2024 CEDS update, which is the fourth update to our 2020 CEDS.

 

The meeting was hosted at Critical Communications, Controls, and Instruments (C3I) in Exeter, NH, and included a facility tour. C3I specializes in marine communications, controls, and instruments. Learn more about what they do at www.c3i-usa.com.

About REDC's CEDS

 

 

 

 

Seabrook Seawall Reconstruction Project

The town of Seabrook's Seawall Reconstruction project on the Hampton-Seabrook Harbor is complete. The project was designed by Collins Engineers, Inc. and constructed by R.S. Audley, Inc.

 

REDC assisted the town of Seabrook with obtaining a Public Works grant from the Economic Development Administration, Department of Commerce for this vital reconstruction project which has restored the pier used by the public, Yankee Fishermen's Cooperative, and NextEra Energy. REDC continues to work with the town as it prepares to close out the grant.

 

Drone images by Derrick Feole Photography.

 

If your community has a project that might be suitable for an EDA grant, please reach out to Jen Kimball at jennifer@redc.com.

 

Talking Worker Retention Strategies with REDC President Laurel Adams

In our latest blog article, REDC President Laurel Adams shares some of the strategies used at REDC to amp up worker retention.

 
Blog Article

New Client

Visual Victory Training 

REDC is pleased to provide financing to Visual Victory Training, an optometrist practice based in Portsmouth, NH. This loan will assist with equipment purchases and working capital.

Amy D. Pruszenski, O.D. originally started Visual Victory Training Center as part of her family eye care office, Harbor Eyecare Center, P.C., located in Portsmouth, New Hampshire since 1998. Visual Victory Training is dedicated to helping patients who struggle with vision problems that interfere with reading, learning, sports, and activities of daily living.

 

Visual Victory Training

Lender Event at REDC Training Center

Partnering with Community Banks

REDC hosted a lender event in our Training Center this month, sharing information on our programs available to small businesses in New Hampshire. REDC staff had the opportunity to present information on various lending and advising programs the organization has, as well as how we work with banks as partners - never competitors.

 

Deb SanSoucie from The Copper Cave and Rafael Calderon of CHW4EVER also spoke at this event and shared their experiences as REDC clients.

 

Partnering with community banks has been a vital element of how we serve small businesses, and we want to thank the lenders who attended to learn more and the lenders we have worked with over the years.

 

 

If you know of a small business in NH in need of assistance, or someone interested in starting a new business, please share REDC with them.

REDC
57 Main Street, Raymond, NH, USA
603-772-2655

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