Concord, NH (2022)

Grappone Automotive

Investment

NMTC Amount: 18,000,000

Total Project Cost: 18,000,000

IMPACT

35 FTE 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 a

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

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-square-foot 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

143 Manchester Street, Concord, NH 3301

News Stories

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

Concord, NH

Related Projects

2019

Burlington, VT

The acquisition of equipment, tenant buildout of 6,000 retail space and working capital to bring a locally owned grocery…
2021

Madison, ME

A New Markets Tax Credit transaction funds construction of a wood-fiber insulation factory at the former UPM paper mill…