Sen. Carson Applauds House Passage of Infrastructure Bank Legislation

Senator Sharon Carson, R-Londonderry, today applauded the House of Representatives’ passage of Senate Bill 372, which would authorize the creation of a state infrastructure bank.

“A state infrastructure bank would create real opportunities for infrastructure development and expansion throughout the state and I applaud the House for their overwhelming support of Senate Bill 372,” said Sen. Carson, the bill’s prime sponsor. “By creating a mechanism to bring together state, federal, and private dollars the legislature will be encouraging important public-private partnerships that will benefit our economy for years to come.”

Senator Carson was joined earlier this month by U.S. Senator Kelly Ayotte at the site of the proposed Pettengill Road project in Londonderry, which could be funded by a the state infrastructure bank contemplated by the bill. A recent report by the Londonderry Housing and Redevelopment Authority noted that the project is the most attractive business park development opportunity in the state and could create 10,000 jobs in the region. Senator Ayotte recently introduced companion federal legislation that would reauthorize the initial capitalization of infrastructure banks with federal funds.

“Residents, communities, and businesses in the 38 other states are benefiting from the unique financing options made available by infrastructure banks. It’s time for New Hampshire to catch-up and create similar opportunities for job creation here in the Granite State.”