Grappone Automotive

Concord, NH (2022)

Grappone Automotive

Automotive, Business Development, College or Vocational Training, Community, Retail, Retail and Commercial, Vocational Training

Automotive company to move Mazda dealership to Concord and expand employee training, community outreach efforts

Investment

NMTC Amount: $18,000,000
Total Project Cost: $18,825,000

IMPACT

28 FTE jobs
23 construction jobs
Will provide free meeting space at no cost to over a dozen local nonprofits organizations, including Riverbend Community Mental Health, Dartmouth-Hitchcock Youth Summit Children’s Trust. 18 jobs created and 10 jobs retained.

CDEs

Mascoma Community Development

Investor

US Bank

Voices from the Community

The NMTC program was an important part of our recent project, which will allow for more good paying jobs with solid benefits, as well as a community training room to bring in nonprofit and educational groups to meet free of charge. Personally speaking, being part of this NMTC project has really encouraged me to think creatively to reach more people in our community in a positive and collaborative way.

-Amanda Osmer, Grappone Automotive Group, Concord, NH

Project Description

Via the NH Business Review.

In September, 2022, Grappone received $18 million in New Markets Tax Credits from Mascoma Community Development to a build new facility in Concord, NH.

The company plans to relocate its current Mazda dealership in Bow to a site on Manchester Street in Concord. The newly built facility will also include an approximately 3,000 sq. ft. multi-purpose training center to support and expand its employee and community development programs, including its “Leadership Grappone 2.0” employee development program that offers workshops on leadership development, communication and problem-solving skills.

The center is also designed to support community-focused initiatives by providing meeting space at no cost to over a dozen local nonprofits organizations, including Riverbend Community Mental Health, Dartmouth-Hitchcock Youth Summit, NH Children’s Trust and the Center for Family Enterprise. Additional space at the facility will also be used to accommodate automotive technical training programs with Concord High School’s Regional Technical Center and Nashua Community College.

MAP

Address: 143 Manchester Street, Concord, NH 3301

Census Tract: 33013044100

News Stories

Grappone receives $18 million in New Markets Tax Credits to build new facility