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Sig Sauer Expansion to Rochester Gains Key Approvals

October 20, 2020
PHS client Sig Sauer's proposed expansion to Rochester, NH has won two important approvals at the local and state levels, respectively. Yesterday, the Rochester City Council unanimously approved funding to extend city water and sewer service to the two buildings the company expects to acquire before the end of this year. And today, the state Business Finance Authority Board of Directors unanimously approved the financing for the purchase of the Rochester property. PHS continues to coordinate all aspects of the public affairs efforts associated with obtaining the local and state approvals needed to make the expansion a reality.
 
The City of Rochester and Sig Sauer are finalizing a Memorandum of Understanding capturing the municipal credits and incentives associated with the company's move to the Lilac City. The City and Sig Sauer are also finalizing the language of the Payment in Lieu of Taxes agreement between the two entities.
 
The BFA Board action sets the stage for final approval by the state Executive Council of the financing of the real estate purchase and building improvements needed to facilitate the expansion. The Council will consider the matter on Wednesday, November 18th. Should the Council approve the deal, the proposed expansion will have cleared the most important hurdle before closing on the purchase and sale of the proposed Rochester expansion site before the end of this year.
 

 
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