Our Town Capital ready for proposals

  • Keith McDonald, owner of NH Tap, looks over the water purification system he installed at Post & Beam Brewing in Peterborough in 2019. NH Tap is a product of an Our Town Capital investment; the group is looking for new businesses in which to invest. Staff photo by Ben Conant—

Monadnock Ledger-Transcript
Published: 12/29/2021 2:37:48 PM
Modified: 12/29/2021 2:37:21 PM

Stan Fry knows there are people in the Monadnock region with good ideas. And he is positive those ideas can lead to great businesses and a stronger local economy. So about three-and-a-half years ago, Fry and Cy Gregg started Our Town Capital, an organization of 15 or so investors ready to listen to entrepreneurs’ business proposals and help good ideas in the area gain traction.

Despite their name, the group is interested in businesses throughout the Monadnock region, not just in Peterborough. They have invested in four businesses so far, but during the pandemic the investors stopped meeting and Our Town Capital was put on hold. Recently, however, Fry and Gregg decided now was the time to get back together. 

“We have all been in contact the last couple weeks,” Fry said. With renewed energy, Our Town Capital is now actively seeking proposals for new companies.

A major strength of the current group is the investors’ diverse set of business experiences, Fry explained. And they are hoping to expand in the future, adding more investors in order to provide capital for larger projects. 

Fry emphasized that Our Town Capital’s goal is to “create an environment where small companies can incubate.” From young people to folks who recently moved to the area to people who have come up with innovative business plans during an isolating couple years, Our Town Capital is interested in a wide range of businesses from all kinds of entrepreneurs.

Some of their more successful ventures have been Nuttin’ Ordinary, a cashew-based vegan cheese company out of Peterborough and NH Tap, a company that tests tap water and installs customized water-filtration systems in New Hampshire. 

Fry said he and the investors are interested in asking a potential company how “can you help the economy in the Monadnock region?” The group wants to know if the business plans to hire local employees and how their company could benefit the area. 

Fry said a successful business proposal “generally comes down to a good business idea and some basic skills.” He added, “Is there a reasonably clear path to them being self-sufficient?” Entrepreneurs will be asked to present their idea to the investors, after which the group will discuss and start to put together a plan to profitability. Each investor can opt in or out of individual business proposals. They can help with planning and may work with the business as it grows.

“[An entrepreneur] might know what they want to do but not how to finance it.” Fry said. And that’s where Our Town Capital can give budding businesses a fighting chance. “My hope is that it ends up bringing younger companies with new ideas in the region.” 

Those interested in presenting a business proposal to Our Town Capital should contact Fry at 603-496-3690 or stan@sfry.com or Gregg at 603-731-5415 or cgregg@photan.com.


Jobs



Support Local Journalism

Subscribe to the Monadnock Ledger-Transcript, your source for Peterborough area news.


Monadnock Ledger-Transcript

20 Grove St.
Peterborough, NH 03458
603-924-7172

 

© 2021 Monadnock Ledger-Transcript
Terms & Conditions - Privacy Policy