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Multinational Company Selects Portsmouth for its US Headquarters

May 17th, 2018

Today, Governor Chris Sununu and Commissioner Taylor Caswell announced that Revision Military, a multinational company with locations across the globe is choosing Portsmouth as its United States Headquarters.

Revision Military, a world leader in military and tactical solutions and protective equipment, will open its new offices at Pease International Tradeport. The New Hampshire location will become Revision’s US Headquarters and Center of Excellence, steering product research, as well as the development and manufacturing of the company’s most advanced products.

“Revision Military was the first company I met with after being elected governor, and today’s announcement is a testament to our pro-growth, pro-jobs agenda,” Sununu said. “As an acclaimed international company, their expansion into the Granite State – which will serve as their US Headquarters – proves that New Hampshire is open for business once again. Revision designs and manufactures state of the art military hardware that keeps our troops safe, and we are proud they will call New Hampshire home.”


By expanding to New Hampshire, Revision will improve access to its military customer base in the Greater Boston area, as well as along the Eastern Seaboard, and will be better positioned to work collaboratively with local academic institutions, such as the University of New Hampshire, and a significant number of locally based partners and suppliers.


“New Hampshire’s business climate and hyper-focus on economic development is paying dividends every day,” said Commissioner Taylor Caswell. “Precision manufacturers like Revision are expanding and coming here for our quality workforce, low taxes, and business-friendly approach.  These things don’t happen by accident.”

“Revision’s expansion to New Hampshire deepens the company’s already-well-founded commitment to US based operations and manufacturing,” said Jonathan Blanshay, CEO, Revision Military. “Moreover, this future location represents a bold but necessary next step forward for the company—indicative of both Revision’s ever-widening vision for innovation in soldier systems and tactical solutions.  It is also essential in order to effectively house the full breadth of the company’s growing capabilities.  We are very excited to initiate this new chapter for the company and we have started to put together a world-class team. Revision has evolved significantly over the last 17 years and this upcoming investment in a prime location makes our intentions clear: We expect to accelerate our growth and capabilities for the foreseeable future, and in the coming months and years we will be looking to hire dozens of the very best engineers, technicians, manufacturing experts and program managers available in the area in order to further develop our vision and service our customers.”

Revision has already hired the first group of New Hampshire management-level employees. Together they will spearhead the development of new facilities, new capabilities and implement near-term strategy based on Revision’s current slate of projects, contracts, and in-progress bids. This founding group of New Hampshire-based employees includes Chief Technology Officer Chris Palmer, who will oversee the team and report directly to Blanshay.

The announcement of the expansion in New Hampshire comes just over two years after Revision last opened a new facility in Bristol, UK. This new venture also builds on considerable recent investments made by the company to upgrade its facilities in the U.S. and Canada, particularly the relocation and upgrading of the Montreal hub for industrial design and R&D to a modern, centrally-located office, as well as an aggressive expansion project in Newport, Vt.—the company’s main armor and helmet manufacturing facility—completed last year.

Across seven facilities, Revision has established state-of-the-art, vertically integrated operations—from industry-leading sales and customer service, to world-class branding and marketing, to forward-thinking business and product development, and beyond. Revision has built a substantial international reputation on the strength of cutting-edge high-volume manufacturing, advanced R&D, and testing laboratories. The Company is ISO 9001-2008 certified and employs over 400 people. With this new location, Revision joins, and will contribute to, a vibrant New Hampshire economy with the high-skilled workforce the company needs to continue to deliver best-in-class soldier system technology.

About Revision 

Revision develops and delivers purpose-built protective soldier equipment for military use worldwide. The company, which began with eyewear, has expanded to face, head and torso protection as well as energy storage and power management products, continues to develop innovative capabilities for integrated, performance-enhancing soldier systems. To that end, Revision brings together the most advanced expertise, state-of-the-art facilities and finest technical minds. Privately owned and ISO 9001:2008 certified, Revision’s operational headquarters is located in Essex Junction, Vermont, USA, with additional offices in Montreal, Canada, The UK, and Luxembourg.

Life Science in New Hampshire: Vast and Varied Landscape Attracting Companies, Researchers, Innovation

May 17th, 2018

Ken Cail, Cindy Conde; Lorna Colquhoun — NH Business Matters

New Hampshire’s life science sector, which incorporates everything from medical device manufacturing to pharmaceutical development, is growing and from June 4 – 7, it will showcased at the 2018 BIO International convention in Boston.


In New Hampshire, there are over 200 companies that represent this life sciences landscape. Some of them are subsidiaries of global companies; others are based and founded here … it’s thriving and it’s vast.

Cindy Conde
Chairman, BIOTech|MEDTech committee
NH High Technology Council


Joining the Division of Economic Development in the New Hampshire pavilion will be: ARMI|BioFabUSA; Community College System of New Hampshire; Dartmouth College; NH High Tech Council, and the University of New Hampshire.

This month’s guest on New Hampshire Business Matters on WTPL-FM is Cindy Conde, chairman of the NH High Tech Council’s BioTech|MedTech committee, who talks about this vibrant sector and what New Hampshire offers growing companies within the industry.

Tune in here.

 

Shifting Defense Landscape, Business-To-Business Matchmaking Highlight Annual NHADEC Networking Event on May 17

May 9th, 2018

The scheduling portal for the first ever B2B meetings is open until May 10. Register for login credentials; request appointments and check to see who has requested an appointment with you. There are 20 minute time slots for appointments beginning at 6:30pm, ending at 7:50pm; a potential for four meetings. You can block any time slots or leave them open for meeting requests. Make sure to confirm meetings that have been requested of you and keep checking back as new attendees register.

A global defense industry and technology innovation expert headlines the 4th annual networking event hosted by the New Hampshire Aerospace and Defense Export Consortium, from 5:30 – 8 pm, May 17 at the Manchester Country Club.

Tate Nurkin, founder of OTH Intelligence Group LLC, is frequently cited on defense-related topics and has provided testimony to the U.S. – China Economic and Security Review Commission about the implications of China’s military reforms and modernization. His keynote address examines the shifting defense industrial landscape and the future of defense innovation.

The event will also feature trade representatives from Canada, Saudi Arabia and other resource organizations, as well as a first-ever business-to-business matchmaking component.


 

Find out how NHADEC gave a big boost to one New Hampshire company. Tune in here to learn the benefits of being a member.

 


Founded in 2013 by the New Hampshire Office of International Commerce, the consortium is expanding its membership beyond the state and now includes members from Maine, Massachusetts, New York, and as far away as Utah. It has also forged relationships with AeroMontreal and the Farnborough Aerospace Consortium, fostering partnerships and opportunities in markets around the world for its members.

The event is open to anyone with an interest in the state’s aerospace and defense sector, but registration is required at www.NHADEC.com.

For more information, contact Dawn Wivell at 603-836-4207.

 

Gov. Sununu Nominates 27 Tracts for Federal Opportunity Zones

May 3rd, 2018

New Hampshire Governor Chris Sununu has nominated 27 low income census tracts of the state to be designated as Opportunity Zones, part of a federal program encouraging economic development and investment in neighborhoods around the country.  Governor Sununu made the announcement from Marceau Park in Franklin, one of the areas designated today.

In New Hampshire, the areas nominated include tracts and contiguous tracts, ranging from the Manchester Millyard, downtown Rochester and tracts in the Seacoast, to the White Mountains and the North Country.

“New Hampshire’s resiliency lies in our local communities – they are the backbone of our society and the focal point of cultural activity,” said Governor Chris Sununu. “For far too long, however, some communities have been left behind. While some have thrived in recent years, others are struggling to keep up. Today, we are announcing 27 Opportunity Zones across the state to encourage investments in areas that are often left behind. Opportunity Zones provide tax incentives to investors to reinvest unrealized capital gains into neighborhoods throughout the state.  These local neighborhoods deserve an economic boost, and that is what we are going to give them. The goal is simple: to create jobs, to increase wages, and to revitalize communities across the state.”


For more information about the Opportunity Zone nominations, visit our website.


“Our goal was to designate tracts that present the best opportunities for investment and can leverage other state and federal resources.  My hope is that once this program is fully deployed, it can serve as catalyst to bringing economic opportunity to New Hampshire communities,” said Taylor Caswell, Commissioner, New Hampshire Business and Economic Affairs.

The program was created by the Tax Cuts and Jobs Act, which provides federal tax incentives to investors in areas designated as an Opportunity Zone and is administered by the U.S. Treasury Department.  States were required to designate 25% of the low income census tracts in the state as Opportunity Zones.  Investors can defer capital gains on earnings reinvested in the zones and long-term investments maintained for over 10 years do not have to pay additional capital gains taxes on earnings from Opportunity Zone investments.

Final designations are subject to federal confirmation and final rules for the new Opportunity Zone are being developed by the US Treasury.


Communities nominated for federal Opportunity Zones:

  • Berlin
  • Claremont
  • Colebrook, Atkinson and Gilmanton Grant
  • Conway/North Conway
  • Derry
  • Dixville Notch, Columbia, Millsfield, Errol, Dummer, Milan, Cambridge, Success, Erving and Wentworth’s Location, Second College Grant
  • Dover
  • Durham
  • Franklin
  • Keene
  • Laconia
  • Lancaster, Kilkenny
  • Lincoln, Easton, Waterville Valley, Livermore
  • Littleton
  • Manchester
  • Nashua
  • Newport
  • Plymouth
  • Raymond
  • Rochester
  • Seabrook
  • Somersworth
  • Stratford, Groveton (Northumberland), Stark, Odell

 

The Value, Role of Older Workers in Strengthening the Workforce, Economy

May 3rd, 2018

May 4 Forum on the Future Breakfast

Having a strong and talented workforce is vital in keeping the state’s economy robust and healthy. With its low rate of unemployment, New Hampshire is committed to making sure businesses and manufacturers have the employees they need to grow.

This was the topic of the May 4 Forum on the Future Breakfast, during which a panel discussed the role of older workers, with their knowledge and experience, in being a resource for meeting the demand, organized by the New Hampshire College and University Council.

“Most beliefs about aging are outdated,” said Todd Fahey, state director for AARP, who moderated the discussion.

The age of 65 has long been synonymous with the age people retire; that’s not the case anymore, he said. People are living longer, healthier lives and most baby boomers want to work.

As they continue to work, it is possible for there to be synergy between generations, said Will Arvelo, director of the Division Of Economic Development. Much is lost if experienced, older workers depart their jobs, taking with them their valuable training.

“That is something really powerful,” he said, in terms of mentorship and knowledge transfer.

Other speakers included Manchester Mayor Joyce Craig; Manchester Community College President Susan Huard; Granite State College President Mark Rubenstein; Robert Segal, CEO, Automotive Supply Association and Sanel Auto Parts, and Deanna Strand, executive director, Dover Adult Learning Center.

NH Travel and Tourism Projects Record Visits, Spending This Summer

May 2nd, 2018

DTTD will focus its summer campaign on new markets in New England, including Hartford, Ct., Portland, Maine, Providence, RI and Burlington, Vt, along with its traditional markets including, Boston, New York, Montréal, and Toronto.

The New Hampshire Division of Travel and Tourism Development expects a record-breaking 2018 summer travel season with all-time highs for visitation and visitor spending.


More than three million visitors will spend $1.8 billion this summer, including more than 650,000 visitors over Memorial Day Weekend.


During the M/S Mount Washington’s traditional Shakedown Cruise on May 3, Gov. Chris Sununu joined state tourism officials to announce New Hampshire is projected to host a record 3.4 million visitors who will spend a record $1.8 billion this summer.

“There is no better place to be in the summer than right here in New Hampshire,” he said. “From hiking the White Mountains to cruising around Lake Winnipesaukee or visiting Hampton Beach, there are endless opportunities to explore our beautiful state.”

Marking the unofficial kick-off to New Hampshire’s most popular travel season, Memorial Day Weekend is expected to draw 650,000 out-of-state travelers and generate more than $120 million in spending from Friday, May 25, through Monday, May 28.

“Travelers spend billions of dollars each year in New Hampshire, at our restaurants, our tax-free retail destinations and our tremendous hotels, inns and bed and breakfasts,” said Taylor Caswell, commissioner of the New Hampshire Department of Business and Economic Affairs. “I’m pleased to share that the Division of Travel and Tourism Development is expecting another record-breaking summer season.”

During the kickoff event, DTTD unveiled its Live Free summer marketing campaign, which calls out the variety of activities available within close proximity, embracing the diverse backdrops and experiences that separate New Hampshire from its competitive set.

 

Lonza Expanding Portsmouth Facility, Adding up to 1,000 Jobs

April 20th, 2018

Governor Chris Sununu and State officials confirmed today that Lonza Biologics, Inc. will move forward with the expansion of its Portsmouth facility, adding up to 1,000 jobs and up to one million square-feet of space.  The company currently employs 800 at the facility, which focuses on contract manufacturing.

“We are thrilled that Lonza will be making a major additional investment in New Hampshire and adding more jobs to our local economy,” said Governor Sununu. “This decision by Lonza is a great testament to New Hampshire’s business friendly environment and the skill and commitment of our workforce. I look forward to working closely with our state team and Lonza officials to see this expansion through to completion.”


Commissioner Taylor Caswell talks about the Lonza expansion and the New Hampshire economy with InDepthNH’s Roger Wood.


“Lonza is already a valued member of the New Hampshire business community,” said Taylor Caswell, commissioner of the New Hampshire Department of Business and Economic Affairs. “This additional investment will create a more than 40-acre campus for the company and reinforces the vitality of the life sciences sector here in New Hampshire.”

The Governor’s office and the Department of Business and Economic Affairs collaborated with many State and local partners including the Department of Environmental Services, the Business Finance Authority, the City of Portsmouth, and the Pease Development Authority to pitch New Hampshire as a prime location for Lonza’s expansion plans.

New Hampshire, Canadian Officials Look at Importance of International Trade

April 20th, 2018

New Hampshire’s northern neighbor is also it’s biggest trading partner, so as discussions about the North American Free Trade Agreement continue, Granite State businesses are paying close attention.

More than 70 percent of Canadian exports go to the American market; Canada is the largest export market for more than 30 states.

Trade and investment with Canada supports 39,000 jobs in New Hampshire. Each year, companies and manufacturers export $576 million in goods and $211 in services to Canada.

“Our relationship,” said Business and Economic Affairs Commissioner Taylor Caswell, “is crucial to our state’s economy.”

This fueled discussion this week, Renegotiating NAFTA: Partners for a Prosperous Economy, featuring industry leaders, state and provincial policy-makers, and economic development representatives from Quebec and New Hampshire, including Caswell;  Welch Manufacturing Technologies President Glenn Welch and CEO Robert Bouchard of Rotobec.

Welch is the manufacturer of Biteharder, a snowmobile carbide sharpening unit. Working with our Office of International Trade, Welch has found a thriving market in Canada. He told the audience that without NAFTA, the cost to send his product over the northern border would be almost as much as the unit itself.

Rotobec, which has had a presence in Littleton for over 30 years, is expanding for the second time in two years and expects to grow to 50 employees. Bouchard said international trade agreements enables the company to reach markets efficiently on both sides of the border and to have access to workforce.

“I’m keeping my fingers crossed things won’t change,” Welch said.

 

Aerospace/Defense Reaching New Heights in New Hampshire

April 19th, 2018

Tune into this month’s edition of New Hampshire Business Matters and learn about the NH Aerospace and Defense Export Consortium.

What fast-growing industry in New Hampshire is home to about 350 companies involved in the sector; employs about 60,000 people, who earn an average salary of more than $87,000 and comprises about 2 percent of the gross state product?

Aerospace and defense.

That was the topic of this month’s New Hampshire Business Matters radio show on WTPL-FM, with Division of Economic Development Director Will Arvelo and guest Steve Myers, program manager for Southwest Research Institute, located on the campus of the University of New Hampshire.


Register today for NHAD 2018, the annual networking event of the New Hampshire Aerospace and Defense Export Consortium.


The discussion centered around the New Hampshire Aerospace and Defense Export Consortium. Now in its fifth year, this unique organization has about 100 members from around the country and international partnerships with AeroMontreal and the Farnborough (England) Aerospace Association.

Myers spoke about how NHADEC helped save the work SRI does at UNH and the other benefits the organization offers.

Tune in and learn about this dynamic organization and the annual networking event coming up May 17.

GDPR Goes into Effect May 25: Is Your Company Ready to Comply?

April 12th, 2018

If you’re involved with one of the thousands of New Hampshire companies exporting goods and services to markets within the European Union, you have, by now, probably heard about the General Data Protection Regulation rules, which go into effect May 25.

GDPR, as it’s better known, is strict protocol on how companies collect and protect data on citizens of the EU and companies must be within compliance next month.

From 8:30 am to 2:30 p.m., on May 4 in the Demoulas Room, Benoit Education Center at Rivier University in Nashua, the New Hampshire Office of International Commerce, U.S. Commercial Service and the Granite State District Export Council present two seminars taking a closer look at the global trends in e-commerce transactions and GDPR.

Morning Session: Cross-Border eCommerce Sales: Practical Guidance for Small & Medium-Sized Businesses
Presented by James Bledsoe, eCommerce Innovation Lab, U.S. Department of Commerce

Global StudyPulse of the Online Shopper
Presented by John Wakefield, Lorie Schlatterer and Travis Klingseisen, UPS
Cost: $50 per person

Lunch and Learn: Understanding the New General Data Protection Regulation (GDPR) When Doing Business in the European Union
Presented by Attorney John Weaver, Associate at McLane Middleton
Cost: $50 per person

Cost to attend both sessions: $75 per person

REGISTER TODAY!

Contact Rachel Adams with any questions.  More information about each session and the agenda can be found HERE.