paper mill

Voters in Groveton – which has been struggling since the paper mill there closed in 2007 and devastated its economy - took a fiscal leap of faith Saturday.

They voted to borrow up to $400,000 to put sewage and water on privately owned land in the hope that businesses will locate there – and bring tax money and jobs.

The $400,000 allows Groveton to seek another $600,000 in federal funds.

If that federal grant comes through the total of $1 million would be used to install water and sewage on the redeveloped site of the old paper mill.

Amanda Loder / NHPR

The Currency is our ongoing look at economic and business news in New Hampshire. 

Chris Jensen for NHPR

A deal to bring the closed Groveton paper mill in the North Country back to life has fallen through raising the possibility it will be demolished. NHPR’s Chris Jensen reports.

 

For the North Country there’s been a dream that the old Groveton paper mill would reopen housing some green industry that would provide local jobs.

Last year a businessman from Bath signed a contract to buy it for $2 million, saying he wanted to do just that.

But the deal fell through.

Now the plant is being eyed for another use.