NH Division of Economic Development
YouTube Facebook Twitter Twitter
Why New Hampshire Move Start Grow About Us

Fostering Cross Border Partnerships with Visit by ACET Banque Nationale to New Hampshire

March 15th, 2019

New Hampshire: Proximity, Partnerships, Possibilities

During a brief, but informative, visit to New Hampshire this week, more than 30 Canadian entrepreneurs representing 20 companies that are part of a business accelerator program in Sherbrooke, Que., learned about research, partnerships and the business advantages to considering expansion into the US.

New Hampshire: Proximity, Partnerships, Possibilities was the theme of the Concord event, as Business and Economic Affairs Commissioner Taylor Caswell moderated panel discussions focusing on academic partnerships for research and collaboration, as well as workforce, business climate, access to capital and the experiences of two Quebec-based businesses that expanded to New Hampshire.

The businesses are part of ACET Banque Nationale at the University of Sherbrooke, a business accelerator, which, since 2011, has seen 300 jobs created by 85 companies. Their stop in Concord was part of a two day swing through Vermont, Massachusetts and Maine to meet with economic development officials and business leaders to foster cross-border relationships.

Sherbrook is located about three hours from Concord.

The event was sponsored by BEA, in partnership with Bernstein Shur. Participating panelists included Plymouth State University President Donald Birx; Magnuson Center for Entrepreneurship at Dartmouth Director Jamie Coughlin; Varitron Vice President Jon Saunders; Integrim CFO Marc Voyer; Bernstein Shur Attorney Ovide Lamontagne and Community College System of New Hampshire Chancellor Ross Gittell.

New Hampshire Exports Set Record for Second Straight Year

March 11th, 2019

For the second year in a row, the value of New Hampshire’s exports reached an all-time high in 2018, according to the latest federal trade data.

The exports totaled over $5.2 billion last year, 2.68 percent higher than 2017. Industrial machinery was the state’s chief export, at $1.2 billion, up 7.82 percent from 2017. Germany nudged out Canada as the state’s top trading partner, with Ireland, Mexico and China rounding out the top five trading partners.

“From aerospace to the life sciences, New Hampshire is home to companies at the pinnacle of innovation,” said Governor Chris Sununu. “Throughout the last two years, we have focused on implementing a pro-growth agenda that opens doors of opportunity for companies not just in New Hampshire, but across the nation and the world – and the new record-setting export numbers prove it’s working!”

“International trade is a growing component of our state’s economy and this trade data reinforces the work we are doing to improve access for New Hampshire businesses in international markets,” said Commissioner Taylor Caswell of the New Hampshire Department of Business and Economic Affairs.

The third most traded commodity in 2018, at $841 million, was aircraft and spacecraft parts, up over 68 percent from 2017. Pharmaceutical products, which range from bandages to blood plasma, were valued at $411 million, up 22 percent from the previous year.

“We are seeing significant growth in our aerospace and life sciences sectors, which are diverse and innovative, and in demand in the global marketplace,” Caswell said.

In the decade since the recession, Granite State businesses have realized the value and opportunities of international trade as ways to diversify their customer base. Six years ago this month, the New Hampshire Aerospace and Defense Export Consortium was created to bring 350 businesses and manufacturers across the state to leverage in overseas markets industries that employ more than 65,000 people, earning an average $91,000.

The Office of International Commerce, an agency within Business and Economic Affairs, works with state and federal partners, including the US Commercial Service, to provide New Hampshire businesses export compliance training and other resources to expand into world markets.

Northern Border Regional Commission Grant Applications Now Available

March 7th, 2019

Applications for the Northern Border Regional Commission’s Economic and Infrastructure Development Investment Program are now available. The recent reauthorization of NBRC expands  the service area for eligible projects in all or parts Belknap, Carroll, Cheshire, Coos, Grafton and Sullivan Counties.

Created in 2008, the NBRC is a federal-state partnership for economic and community development in New York, Vermont, Maine and New Hampshire.

The state EID investment program awards grants up to $500,000 for infrastructure projects and $250,000 for other eligible projects. The application deadline is May 10.


Three information sessions regarding the state EID Investment Program are planned across the state this month:

  • 2 – 4 pm, March 11; Cheshire County Courthouse, 12 Court St., Keene
  • 10 am – noon, March 12; Mountain View Grand, 10 Mountain Rd., Whitefield
  • 1 – 3 pm, March 22; Lakes Region Community College, 379 Belmont Rd., Laconia

Proposals will be accepted for projects related to transportation, telecommunication and basic public infrastructure; workforce development; entrepreneurship, technology, or business development; resource conservation, tourism and recreation, or publicly owned renewable energy development, and projects for basic health care and other public services.

The New Hampshire Department of Business and Economic Affairs will coordinate applications for the state. When the rankings are complete, Gov. Chris Sununu will put forward the priority projects to the commission.

In 2018, the NRBC awarded 15 grants in New Hampshire, totaling over $2.8 million to projects in Berlin, Bristol, Canaan, Enfield, Laconia, Lancaster, Lebanon, Littleton, Lyme, North Conway, Plymouth, Whitefield and Wolfeboro.

An additional $7 million is also available through NBRC’s new Regional Forest Economy Partnership. This funding opportunity is aimed at revitalizing communities affected by declines in the forest products industry. Eligible applicants may be invited to apply for up to $1 million if they are able to demonstrate that any one of four criteria are met: an industry change in employment due to a decline of the forest industry, a wage reduction in the project area, a mill or forest-based manufacturer closing in the past 20 years, or county population loss. The NBRC encourages applications that have a multi-state benefit.

For more information about applying for the grant programs, contact Mollie Kaylor at the New Hampshire Division of Economic Development at 271-6305 or mollie.kaylor@livefree.nh.gov. The application is available at http://nbrc.gov/.

 

What’s Ahead for NH Businesses this Legislative Session

January 23rd, 2019

Ken Cail, left; Chris Way, NH BEA; Bruce Berke, NFIB

The New Hampshire Legislature is back in session and in this month’s New Hampshire Business Matters segment on WTPL-FM107.7, our guest is Bruce Berke, state director for the National Federation of Independent Business.


New Hampshire Business Matters airs at 2 pm, every third Wednesday of the month on WTPL-FM107.7


The topic? Legislation this session affecting businesses in New Hampshire.

 

New Round of Job-Creating Business Tax Cuts Take Effect in 2019

January 2nd, 2019

The New Year means further reductions to New Hampshire’s business taxes, which take effect on Jan. 4.

“New Hampshire’s economy is booming like never before, thanks to strategic investments and tax cuts made by my administration,” said Gov. Chris Sununu. “Our commitment to creating a business-friendly climate in the Granite State continues into the New Year, with a 2.5 percent reduction in the Business Profits Tax and 11 percent reduction in the Business Enterprise Tax.

“I’m incredibly proud that our management has led to more Granite Staters working than ever before, an increase in the number of young people moving to New Hampshire, and consumer confidence is at an all-time high. New Hampshire’s economy is roaring – and with this new round of job-creating tax cuts, we continue to move in the right direction. We remain committed to a further 2.5 percent reduction of the Business Profits Tax and 16.6 percent reduction of the Business Enterprise Tax in 2021. The economic successes we create for individuals will continue to drive opportunity for the state.”

New Hampshire’s Unemployment Rate Reaches 30 Year Low

December 18th, 2018

The most recent state jobs report notes that 763,040 New Hampshire residents are employed in the Granite State, and unemployment rates had reached 2.5 percent – a low that has not been reached since August of 1988.

“Thanks to the strategic initiatives that New Hampshire has made, and our pro-growth, pro-jobs focus, more Granite Staters are working than ever before in the state’s history,” said Gov. Chris Sununu. “As New Hampshire’s unemployment rate remains well below the national average, it’s clear that we continue to set the gold standard for the rest of the country. Our strong, thriving workforce will serve as a solid foundation for further economic development.”

Department of Business and Economic Affairs Commissioner Taylor Caswell added, “Today’s economic news continues the positive trends of the past few years relating to the labor force; demographics; migration; exports; unemployment, and capital investment.

“We can say with confidence that New Hampshire’s economy remains highly competitive and will continue to attract top talent and world class employers.”

 

More Young Adult Migrants Moving to New Hampshire from Other U.S. Locations

December 11th, 2018

This analysis was conducted by the University of New Hampshire’s Carsey School of Public Policy.

NH is gaining young adult migrants in contrast to recession era migration losses.

New Hampshire received a significant net inflow of people from other U.S. states between 2013 and 2017, according to new Census Bureau estimates.


New Hampshire is now gaining young adult migrants in contrast to recession era migration losses.


The average annual domestic migration gain was 5,900 between 2013 and 2017. In contrast, only about 100 more people moved to New Hampshire than left it for other U.S. destinations annually during the Great Recession and its aftermath between 2008 and 2012.

The transformation was greatest among those in their 20s, who had an average annual migration gain of 1,200 between 2013 and 2017 compared to an average loss of 1,500 annually from 2008 to 2012.

Among those in their 30s, the net annual migration gain nearly doubled during the same period, while the net inflow of those 40 to 49 diminished slightly. As more family age adults migrated to New Hampshire, their children fueled a significant increase in the net influx of those under age 20.

In contrast, among those age 50 and over, the net outflow of people from the state increased slightly. Modest immigration from other countries at all ages supplemented the domestic migration gains analyzed here.

These recent domestic and immigrant migration gains are both modest, but they provide additional human and social capital to a state challenged by an aging workforce and population.

For more information about living and working in New Hampshire, visit ChooseNH.com

Growing Salem Business Reflects Growing Life Sciences Sector in New Hampshire

December 11th, 2018

Foxx Life Sciences CEO Tom Taylor, left; Commissioner Caswell

A manufacturer that has doubled in size over the past year is looking to expand again, its CEO said last week during a visit with Business and Economic Affairs Commissioner Taylor Caswell.

Foxx Life Sciences, a world-leader in custom, single use bottle, flask and carboy bioprocess assemblies for the biotech and pharmaceutical industries, is ready to max out on its 55,000 square-feet it’s been operating in since 2014. CEO Tom Taylor said he needs to expand the company into at least 100,000 square-feet in the next two years, to meet its ambitious goal of $100 million in sales in the next decade.

“Clearly, I want that to be in New Hampshire,” Taylor told Caswell. “Strategically, this is the best place in the world for us.”

Since 2014, Foxx has grown from five employees to over 50, supplying some of the world’s most recognizable names in biotech/medtech. This company, Caswell said, is part of the state’s fast growing life sciences sector, complementing the work of others in the industry, while earning an international reputation for its innovative products.

“This is exactly the kind of company that can be established in New Hampshire and join some world class companies, like Lonza,” Caswell said. “Boston, and its significant life sciences sector, is just 30 miles away, but there are clear advantages to doing business here, not the least is our business friendly climate.”

Caswell said his team at Business and Economic Affairs will work with Taylor on his needs for expansion and connecting him with other companies within the state’s life sciences sector.

 

NH Tourism Officials Projecting More Than 2.5 Million Overnight Travelers to Visit Granite State This Winter

November 30th, 2018

Stay connected with New Hampshire tourism on Facebook, Twitter, Instagram, Pinterest and YouTube, and be sure to follow the #LiveFreeNH tag to see what other people are saying about winter in NH.

The New Hampshire Division of Travel and Tourism Development anticipates more than 2.5 million overnight travelers will visit the Granite State this winter, spending more than $1.1 billion. DTTD’s winter travel projections mark approximately 3 percent increases in both visitation and spending compared to last winter. DTTD unveiled its winter marketing plan, along with the forecast, during a winter kickoff hosted by Ski New Hampshire at McIntyre Ski Area in Manchester.

“The division’s advertising and promotional efforts shine a spotlight on what makes New Hampshire the region’s premier travel destination,” said Victoria Cimino, director of the New Hampshire Division of Travel and Tourism Development. “In winter, the Granite State’s array of outdoor recreation opportunities—highlighted by the state’s tremendous skiing—as well as an emerging dining scene and tax-free shopping, sets the state apart from the competition.”

Ski New Hampshire, the organization that promotes New Hampshire as the top ski destination in the region, hosted its first Ski 603 Winter Kickoff event to showcase the variety of options for skiing and snowboarding. More than 20 New Hampshire resorts participated in the event, which featured 14 New Hampshire breweries, distilleries and wineries.

For the 2019 winter season, DTTD will continue to focus on markets in northeast Canada, New York and the New England region. DTTD’s creative features skiing, family fun and snowmobiling as core winter activities, as well as après ski activities and off-slope adventures such as snowshoeing, dining and shopping.

Explore www.visitnh.gov for New Hampshire winter inspiration, including:

 

New Hampshire Welcomes National Sportsmen’s Conference

November 29th, 2018

Lake Francis, Pittsburg

The annual meeting of the National Assembly of Sportsmen Caucuses, whose membership includes over 2,000 state legislators, runs through Friday at the Omni Mount Washington Hotel.

“New Hampshire’s North Country is the perfect backdrop to welcome sportsmen and outdoor advocates from around the country,” said Taylor Caswell, commissioner of the New Hampshire Department of Business and Economic Affairs. “This is a great opportunity to showcase our $8.7 billion outdoor recreation economy and how it is thriving through our public/private partnerships.

“We want to do everything we can as a state to recognize that outdoor recreation supports health, contributes to our high quality of life, and attracts and retains employers and families,” said Caswell.  “I hope this conference gives a national audience of outdoor enthusiasts a taste of how great we have it here in New Hampshire and maybe even convinces a few of them to come back and stay awhile.”

The annual summit, which is held at venues around the country, brings together state policy makers, sportsmen and outdoor industry partners to discuss strategies and interests.