The 2017 Federal Tax Cut and Jobs Act designated Franklin, New Hampshire, as an Opportunity Development Zone. Opportunity Zones were created to stimulate economic development and job creation by incentivizing long-term investments in low-income neighborhoods.

Challenge

Downtown Franklin is on the cusp of an exciting economic revival. Two transformative projects, Mill City Park, a planned white water recreation area, and the conversion of the historic Stevens Mills into luxury condominiums, set the stage for the sustainable re-development of the downtown and adjacent neighborhoods.

ADG Solution

Working closely with the FBIDC, ADG was asked to develop a marketing presentation identifying undervalued properties within the downtown that hold particular promise for a profitable revitalization. In addition to identifying key properties, ADG outlined potential uses and strategies for re-development within the Franklin Opportunity Zone.

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