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On May 21, 2015 the governor of New Hampshire signed into law a bill (SB 30) that state-backed tax increment financing (TIF) to help revive a historic resort known as The Balsams. The bill raises the cap for loan guarantees by the Business Finance Authority from $95 million to $115 million, and increases from $25 million to $30 million the cap for any single project. The bill provides $28 million in state guarantees for the first phase of the 10-year redevelopment project for The Balsams, which is estimated to cost $320 million.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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