DERRY — The Greater Derry Londonderry Chamber of Commerce in conjunction with Derry's Economic Development department and Enterprise Bank host an Opportunity Zone update forum on Wednesday, May 15, 7:30 to 9:30 a.m. at the Tupelo Music Hall, 10A St.
The forum features experts and panelists who will offer planning and development solutions, innovative investments and tax deferment information to support communities being earmarked for this type of zone.
Derry may see some new opportunities as part of the Opportunity Zone program. A portion of the town made Gov. Chris Sununu's list of areas in New Hampshire named to participate in the new federal funding program.
Derry’s new Opportunity Zone is home to Parkland Medical Center, Maryann’s Diner and several small businesses. It also includes the long-vacant Abbott Court property, for which several redevelopment ideas have been proposed over the years.
After Derry made the Opportunity Zone list last year, Taylor Caswell, commissioner of the state's business and economic affairs department, said it might support communities that hope to address many different issues.
“If everything goes as we hope, it will provide another financial resource for investment in development,” Caswell said. “These are funds that could be used to address the housing issue. It could go towards infrastructure, creating a business incubator. There really are no limitations. It will be another tool in the toolbox.”
Derry officials are also considering other changes in zoning in various parts of the community to offer potential business and economic development opportunities. Several meetings have stressed a new proposed West Running Brook district that includes West Running Brook Middle School, the historic Robert Frost Farm, and areas of open land and existing businesses.
Part of the proposed West Running Brook district are included in the Opportunity Zone.
To learn more about the forum, visit gdlchamber.org or call 603-432-8205.