CONCORD, N.H. (AP) -- A New Hampshire town is in line to get a Community Development Block Grant award of $500,000 to help a pizza maker expand its operations and create 25 jobs.
The award, which awaits final approval from the Executive Council, was approved by the New Hampshire Community Development Finance Authority. It would be granted to Pittsfield, which would then loan it to Rustic Crust.
The money would pay for new wood ovens, conveyers, wrap machines, and freezers. Once the loan is repaid, the money would go into a revolving loan pool for economic development projects.
The loan is expected to let Rustic Crust meet the demands of contracts with Nutrisystem Inc. and Costco Wholesale Corp. Its two retail brands, Rustic Crust pizza crusts and American Flatbread frozen pizza, are carried by 16 supermarket chains.