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News & Press: Lodging News

Workforce study predicts Balsams will generate at least 1,000 jobs

Wednesday, March 29, 2017  
Posted by: Taylor Salvato
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Workforce study predicts Balsams will generate at least 1,000 jobs
By: Jeff Feingold

A newly released study forecasts that revitalization of the Balsams Resort in the northern New Hampshire town of Dixville will generate 600 construction jobs and at least another 400 when the facility opens.

The study, written by PolEcon Research of Dover, is the third and final report required by the NH Business Finance Authority before it begins considering a $28 million loan guarantee to Balsams developer Les Otten. It was funded through a $3 million loan recently given to Otten by Forward NH, an economic development program established by Northern Pass. The loan will be used to assist the Balsams through its design, permitting and financing phases.

According to the report, besides the 1,000 or so jobs forecast for the construction and operational phases, there is a potential that the project could create more than 1,500 jobs once build out is complete, along with indirect jobs in the communities around Dixville. Read more at NHBR.com.


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