The City of Laconia initiated Phase I of the Lakes Business Park at Hounsell Avenue in the mid-1990s. Phase I consisted of five lots, four of which are currently occupied. In 2002, the City of Laconia and the Town of Gilford
began a joint venture to develop Phase II of the Park which consists of 113 acres of land developed into 19 lots (PDF)
.The goal of this joint venture was to create a quality business park environment while maintaining the rural character of the area.
The Park is conveniently located adjacent to the Laconia By-Pass between Routes 107 and 11-A with easy access from both routes. All lots are fully served by municipal sewer, water, and natural gas. Lakes Business Park‘s infrastructure is complete and ready for immediate occupancy.