Fueled by favorable gas prices and weather forecasts, about 950,000 people are expected to visit New Hampshire over the Fourth of July weekend, spending about $145 million; last year, about 900,000 were in the state to celebrate Independence Day.
The July 4th holiday, which officially kicks off the summer season, is the busiest travel period in New Hampshire, with most coming from around New England and the mid-Atlantic states. Lodging facilities and campgrounds will likely see a sizable increase in occupancy rates over last year.
Outdoor recreation, visiting attractions, patriotic events and visiting friends and relatives are popular activities during the Fourth of July Holiday period.
VisitNH.gov, the website of our sister agency, the Division of Travel and Tourism Development, is a great resource for finding events and adventures in New Hampshire. Stay connected with New Hampshire tourism on Facebook, Twitter, Instagram, Pinterest and YouTube and follow the #livefreenh to see what others are doing this summer in New Hampshire.
Scribe Software, a company founded in New Hampshire in 1995, was the backdrop this week for the ceremonial signing by Gov. Hassan of two bills reducing taxes for Granite State businesses.
Senate Bill 239, relative to application of the Internal Revenue Code to provisions of the business profits tax, and Senate Bill 342, relative to the sale or exchange of an interest in a business organization under the business profits tax go into effect for the 2017 tax year.
“By simplifying the tax filing process, reducing taxes for New Hampshire businesses, and making it easier for companies to attract capital investments and invest in new equipment, these bipartisan bills will build on those efforts, and I am proud to have signed them into law to reduce taxes for businesses in the Granite State, helping to reaffirm that New Hampshire is a great place for business and our status among the best business tax climates in the country,” Hassan said.
Senate Bill 239 simplifies the tax-filing process for New Hampshire businesses by adopting the most updated federal Internal Revenue Code for the application of the state business profits tax, as well as increases expensing deductions for purchases such as equipment from $25,000 to $100,000. Senate Bill 342 addresses the so-called phantom tax, a measure that the State began working on last year to support growing businesses by changing a unique provision of New Hampshire’s tax code, which will help encourage capital investment and give businesses more flexibility.
Gov. Hassan with Scribe Software team following the signing of two business tax reduction bills.
“Scribe is honored that the Governor’s office chose Scribe Software’s headquarters as a venue to promote new innovation and business growth in New Hampshire,” said Scribe Software CEO Shawn McGowan. “We appreciate these efforts to make New Hampshire an even better place for innovative businesses to start, grow and succeed.”
The annual Medical Design & Manufacturing East expo is over for another year and our business development team is back from New York City, pronouncing it a great success.
Over 13,000 people attended and for whatever reason, our booth was draw, not only for people to talk about the state’s business friendly climate and its growing life sciences industry, but for those who related memories of their visits to New Hampshire. We look forward to being in touch again with the many contacts we made there.
We were by no means the only New Hampshire presence at the trade show … check out the quick video for a look at some of the state’s premier companies in this fast growing industry.
New Hampshire front and center at the MD&M East trade show in New York City.
The annual Medical Design & Manufacturing East (MD&M East) expo opened a few minutes ago at the Jacob K. Javits Convention Center in New York City and for the first of the expected 11,000 people expected to visit the trade show over the next two days, this banner greeted them.
New Hampshire. A Healthy Place to Grow Your Business.
Life sciences, including medical device manufacturing and a range of other capabilities, is one of our key industries.
Cindy Harrington Michael Bergeron
In 2015, there were 6,992 jobs in 272 establishments here in this state, in this sector; 15 percent above the national average. Between now and 2020, New Hampshire is projected to see about 8 percent growth, compared to 6.2 percent nationwide.
New Hampshire has a lot to offer companies in the business of life sciences, so our business development team – Cindy Harrington and Michael Bergeron – is at MD&M East to tell people about it and our business friendly climate.
If you are attending, drop by Booth 757 and visit with them.
The second annual New Hampshire Aerospace and Defense Conference is in the books. It will go down as a very successful gathering of aero/defense companies excited about these fast growing industries in the Granite State.
If you weren’t there (What? Why not?), we’ve got a virtual review for you.
Thanks to all those who came out and made it a success.
Carmen Lorentz, left, Vicki Cimino, Ken Cail before this week’s New Hampshire Business Matters on WTPL-FM, where Cimino talked about this summer’s visitor forecast. Listen here.
Memorial Day holiday weekend, the unofficial kick-off to summer, is predicted to begin a record setting summer tourism season in New Hampshire. More than 600,000 people are expected to visit the state this weekend, spending approximately $95 million, 5 percent above last year.
The growth is forecast to continue through the summer, with the number of travelers expected to reach 16.5 million, a 6 percent increase from 2015. They are expected to spend an estimated $2.16 billion, 4 percent more than last summer. According to the Institute for New Hampshire Studies, a favorable regional economy and lower gas prices are two factors helping fuel the anticipated increases.
Visitors to New Hampshire this summer will come from New England and the mid-Atlantic states. The central and eastern regions of Canada remain important secondary markets for New Hampshire. The months of June, July and August are the busiest of any three-month travel season in New Hampshire.
The New Hampshire Division of Travel and Tourism Development last week kicked off the state’s summer promotion campaign, which inspires visitors to Live Free while seeking new adventures, such as surfing, ATVing, mountain biking, kayaking and whitewater rafting. The campaign is aimed at travelers in Boston, New York, Quebec and Ontario and includes a mix of new television commercials, and transit, digital and print advertising. View the commercials on VisitNH’s YouTube channel.
Work-based learning in New Hampshire and how we can make it a dynamic and enriching experience for students on their way to college and a career is the focus of an upcoming conference. Business owners will especially be interested in attending Gov. Maggie Hassan’s Summit on Work-Based Learning coming up on June 6 at Manchester Community College.
New Hampshire has, over the past five years, seen great results as educators and employers align their needs and boost economic opportunities for students. With technological advances ever increasing in a global economy, today’s students need to be well-prepared with the knowledge and skills that will ensure companies, especially manufacturers, remain competitive.
The summit will continue the dialogue and include ways for businesses and organizations to become involved in work-based learning.
The conference is free and open to the public, however registration is required. It runs from 9:30 am to 1:30 pm, with lunch provided at MCC.
Joining a roster of employers, educators and students from New Hampshire will be Eric Spiegel, president and CEO of Siemens USA, director of Liberty Mutual Holding Co., Inc., member of the President’s Advanced Manufacturing Partnership Steering Committee, and a member of the Board of Overseers at Dartmouth College’s Tuck School of Business.
Amy Loyd, director of the Pathways to Prosperity Network, will also participate, bringing her experience working with educators, employers and government leaders on promoting work-based learning.
New Hampshire is one of six states participating in the National Governor Association’s Policy Academy on Work-Based Learning. This 18-month planning grant provides financial resources, content experts and national partners to build upon the state’s existing work-based learning programs and develop a plan to enhance and scale these programs in the state.
The New Hampshire Office of International Commerce received a presidential E Award for Export Service this morning at a ceremony in Washington, DC.
Tina Kasim and Nathaniel Nelson receive the E Award from Secretary Pritzker
“The State of New Hampshire has demonstrated a sustained commitment to export Expansion,” said Penny Pritzker, U.S. Secretary of Commerce. “The E Awards Committee was very impressed with the State’s dedication to helping companies understand the intricacies of the export process. Its collaboration with partners to achieve export promotion goals was also particularly notable and its achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs.”
The Office of International Commerce, part of the New Hampshire Division of Economic Development, works with companies from around the state to help them introduce their products to global markets and to increase sales for veteran exporters.
Corfin Industries of Salem also received an E award at this morning’s ceremony.
“Recognizing the value of exports to our businesses and to the economy, we have worked hard over recent years to revitalize our Office of International Commerce, helping our business leaders distribute goods and services across the globe,” said Gov. Maggie Hassan. “I am proud that these efforts are being recognized nationally and look forward to continue expanding upon these efforts, which strengthen our economy, our communities and our state.”
In 2015, exports of New Hampshire products totaled over $4 billion. Nationwide, U.S. exports totaled $2.23 trillion, accounting for nearly 13 percent of U.S. GDP and supporting about 11.5 million jobs.
“I am pleased and proud that our Office of International Commerce is recognized on the national level for its work in promoting export expansion,” said Jeffrey Rose, commissioner of the Department of Resources and Economic Development. “The E Award illustrates the success we have when we work together with partners, like the US Department of Commerce and the Small Business Administration, to accomplish the goal of helping New Hampshire businesses find new customers in overseas markets.”
The Office of International Commerce was nominated through the Department of Commerce’s U.S. Commercial Service network. It was one of 123 companies and organizations receiving the award.
For more information about exporting and resources available to New Hampshire businesses, visit www.exportnh.org.
Jeffrey Rose, commissioner of the New Hampshire Department of Resources and Economic Development, brings extensive public and private sector experience to his role, including nine years with BAE Systems in Nashua.
Commissioner Jeffrey Rose
New England has always been an industrial leader. Its people are resourceful, innovative, and passionate about what they do. This is evident today with the great strides our region is taking to advance our aerospace and defense industries. I am proud that New Hampshire, and the Northeast, is home to thousands of businesses that produce equipment and components found in the depths of the ocean to the outer reaches of space – and every place in between. I know you share my sentiment that to keep these companies strong, vital and competitive, we must come together to build on the partnerships essential to our industries’ success.
To that end, I am pleased to invite you to attend the 2nd annual New Hampshire Aerospace and Defense Conference. Last year’s conference was a tremendous success, and based on feedback, we’re expanding elements of this year’s program to promote greater collaboration across the supply-chain, networking, and engagement from industry experts. This year’s conference promises to be even more impactful. Whether you’d like to attend as a participant, an exhibitor, or both, you’ll be able to get in front of many of the region’s key aerospace and defense influencers.
I encourage you to join us from 8 a.m. – 4 p.m., June 1 at The Radisson Hotel in downtown Manchester. With the theme, Opportunities for Aerospace and Defense Products, Technologies, and Services in the International Marketplace, this year’s conference will be an excellent opportunity to learn about key international growth markets from leading experts and to connect and engage up and down the regional supply chain.
To learn more about the conference and to register, please go to the NHADEC website. I look forward to seeing you there.
Commissioner, NH Department of Resources and Economic Development
* See what New Hampshire’s aerospace/defense buzz about the conference: Five Questions with Sean Foote/NH Aerospace and Defense Conference
NHADEC board member Brian Ward/Jewell Instruments about the value of the conference podcast
Aéro Montréal, which is Quebec’s aerospace cluster, wrapped up its two-day Aerospace Innovation Summit and among the more than 1,000 attendees were our Michael Bergeron and Beno Lamontagne.
“The forum has become essential for aerospace stakeholders in Québec and internationally who want to learn about the latest technological advances, create collaborative projects between countries and generate business opportunities,” said Suzanne M. Benoît, president of Aéro Montréal.
Bergeron said the venue is a great place to connect with companies that may have an interest, or a need, to have a presence in New Hampshire. He said that while many Canadians were drawn to our booth to relate their vacation experiences in the White Mountains or Hampton Beach, they were surprised to learn about the business side of the state – particularly the lack of a sales or personal income tax and our business friendly climate.
It’s been a busy week here at NH Economy, but for New Hampshire, it’s been a great one, with international exposure from the halls of Hannover Messe in Germany, the world’s largest industrial trade fair, to Aéro Montréal, one of the world’s largest aerospace clusters, right over the border.