Governor John Lynch today announced three manufacturing businesses selected will participate in the latest round of the Green Launching Pad.
In 2010, Governor Lynch spearheaded an effort to create the Green Launching Pad, a partnership between the state and the University of New Hampshire. Since its inception, the Green Launching Pad has provided intensive business development support to 11 innovative companies, helping those businesses bring new products to market and create jobs.This latest round, Green Launching Pad 2.5, is focusing on New Hampshire manufacturing companies that employ lean, environmentally friendly and sustainable practices in manufacturing their products. "My first priority as Governor remains helping our businesses grow and create jobs. While New Hampshire continues to lead the way in economic recovery, we must remain vigilant and focused on helping our businesses and getting more of our people back to work," Governor Lynch said. "Over the last two years, this partnership has had tremendous results, helping to launch 11 New Hampshire companies and create good jobs in the process."
"Manufacturing has long been an important part of our economy here in New Hampshire. It only makes sense that we do what we can to help bolster this important sector of our economy, and that's exactly what we are doing by working aggressively with three New Hampshire manufacturers," Governor Lynch said. The Green Launching Pad is funded with $1.5 million of federal economic stimulus funds from the U.S. Department of Energy.
There were 18 businesses and entrepreneurs that submitted applications seeking to take part in Green Launching Pad 2.5. An advisory board selected three business teams that will be supported during an intensive business accelerator program based in the Seacoast and aligned with UNH.Selected companies will be connected to business, science and engineering faculty to develop finance and marketing plans. The Green Launching Pad will also connect businesses with angel investors and private sector business mentors. For more information about the Green Launching Pad, visit: greenlaunchingpad.org.
A brief description of the winning teams and their projects is attached:
LDI Corporation, Portsmouth
LDI is a manufacturer of upholstery fabric for architects and interior designers who are looking to buy "green" products for their facilities. LDI has designed a coated furniture upholstery fabric and has developed a low energy consumption manufacturing process to decoratively print this fabric with eco-friendly inks.
RAS-Tech LLC, Brentwood
RAS-Tech is entering the asphalt sealant business, using raw materials recovered from factory scraps, waste roofing shingles, and re-refined used motor oil. RAS-Tech will expand their manufacturing facilities with these funds.
Earthtec, leading apparel company dedicated to sustainability, will be expanding it's New Hampshire operations, bringing manufacturing jobs back to the sate. From the raw materials used, to the streamlined production processes, Earthtec works to minimize negative impact on our environment.