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EDA approves two real‑property grants as program nears full allocation
Summary
The EDA approved two Real Property Investment Grant awards — Pure Wellness (1308 Airline Blvd) and Amber Ashlee & Company (503 County St) — that will exhaust the current $350,000 allocation unless additional budget amendments are made; vote passed 6–1 after debate about fairness and possible reallocation.
The Portsmouth Development Authority on Nov. 18 approved two Real Property Investment Grant applications that together will nearly exhaust the program’s current fiscal‑year allocation.
Staff reported the program had approved about $309,000 year‑to‑date with roughly $41,000 remaining of the $350,000 budget. The two applicants presented were Pure Wellness (Zenia Yoga Studio & Academy) at 1308 Airline Boulevard, seeking a 50% match on a $47,739 HVAC and minor roof repair project ($23,869.95 requested), and Amber…
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