Business and Economy
Wed January 18, 2012
3 Companies Selected for Stimulus-funded Green Launching Pad
Governor John Lynch announced Wednesday that three manufacturing companies will participate in the latest round of the Green Launching Pad.
The stimulus-funded Green Launching Pad is a partnership between UNH and the state designed to develop businesses, bring new products to market, and create jobs.
It’s unclear how many jobs have been created from the partnership, but Governor Lynch said it takes "a number of years" before the companies grow. "And I am convinced that out of the numbers of companies which have been acknowledged as Green Launching Pad companies and given awards, that a number of them will in fact take off," Lynch said.
This latest round is focusing on New Hampshire manufacturing companies that employ lean, environmentally friendly and sustainable practices in manufacturing their products.
The three winning companies Wednesday include LDI Corporation of Portsmouth, a green upholstery fabric manufacturer, RAS-Tech LLC, of Brentwood, an asphalt sealant business that uses recycled raw materials, and Earthtec of Portsmouth clothing company.