CDFA is excited to have a focused role in supporting the initiatives being advanced by the $44 million investment in ReGen Valley recently announced by the U.S. Department of Commerce’s Economic Development Administration. ReGen Valley is one of 12 designated Tech Hubs across the United States and the only hub in New England.
Leveraging an annual investment of $35,000 in resources over the lifetime of the Economic Development Administration’s grant to ReGen Valley, CDFA will build on its cultivation and analysis of community-based data sets to provide insight into the long-term impact of strategic investments to address socioeconomic challenges and opportunities in New Hampshire. The data will serve as a key measurement for how strategic investments in critical community economic development initiatives in Manchester can positively impact the community over time.
Data plays a pivotal role in CDFA’s work and has been a strategic priority of the organization since 2019. CDFA’s Community Progress Indicators, a set of 13 metrics that assist in measuring socioeconomic well-being and community need at the municipal level in New Hampshire, assist the organization in meeting the evolving needs of New Hampshire communities by informing our strategic priorities and guiding the allocation of resources to the places that need those resources the most.
Identifying quality metrics in alignment with the organization’s vision – and using them to identify and better understand statewide, regional and local trends – helps CDFA support partners in creating lasting impact within New Hampshire communities. CDFA engaged the New Hampshire Fiscal Policy Institute (NHFPI) and a fellow from the Carsey School of Public Policy at the University of New Hampshire to analyze data sources. The recommendations served as the basis for creating the Community Progress Indicators, which are reviewed and refined on an annual basis to ensure accuracy and responsiveness to emerging issues within New Hampshire.
Additional information on CDFA’s Community Progress Indicators and related resources, including a downloadable data set, data dictionary and a map-based data visualization tool, are publicly available on CDFA’s Resource Hub: https://resources.nhcdfa.org/working-with-cdfa/data/.
Learn more about the ReGen Valley initiative and recent funding announcement from the U.S. Department of Commerce’s Economic Development Administration from local news outlets, including those linked below.
Union Leader, ARMI-led project gets $44M as one of 12 tech hubs to receive federal grants
Manchester InkLink, Local leaders celebrate new $44 million Tech Hub biofabrication grant
NHPR, ARMI lands another $44M in federal funds as part of ‘Tech Hubs’ program
NH Business Review, ReGen Valley to receive $44 million through federal Tech Hubs program
WMUR, ARMI secures grant to help biofabrication research in Manchester
