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Paper and Pulp Manufacturing Industry Stabilization Program

Paper and Pulp Manufacturing Industry Stabilization Program

About the Program
The Paper and Pulp Manufacturing Industry Stabilization Program (PPM Program) is designed to award financial assistance to eligible entities to help address lingering financial effects of the COVID-19 pandemic and help provide financial stability to pulp and paper manufacturers.

The PPM Program is a $1,500,000 fund administered by the Department of Business and Economic Affairs (BEA) that provides awards to eligible entities on a competitive basis. All awards issued under this program are subject to approval by the Joint Legislative Fiscal Committee, as well as the Governor and Executive Council.

Program Eligibility
Eligible applicants include New Hampshire-based entities engaged in the processing or manufacturing of pulp, paper and paperboard products and producing paper products. Such businesses most closely align with NAICS code 3221 – Pulp, Paper, and Paperboard Mills. Awarded funding must be used toward manufacturing facilities within the Granite State.

Costs eligible for reimbursement through the PPM Program include infrastructure or other hard costs, such as equipment, construction, energy generation and/or efficiency enhancements, and environmental remediation.

Awarded funds may not be used toward:
  • Operating costs
  • Taxes
  • Land acquisition
  • Incentives
  • Programs
Important Dates and Timelines
The application period closes March 15, 2024, at 4:00 PM.

Frequently Asked Questions
For more information, please review the PPM Program FAQ’s
Please contact BEA with additional questions at

Program Application