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Archive for December, 2013

From NHEconomy.com to You!

Monday, December 23rd, 2013
The Team at the New Hampshire Division of Economic Development

The team at the New Hampshire Division of Economic Development

Wishing all our friends and partners

a Merry Christmas and a prosperous New Year!

Commissioner Jeffrey Rose

Interim Director Christopher Way

Deborah Avery

Robert Barry

Michael Bergeron

Gary Chabot

Lorna Colquhoun

Amanda Duquette

Elizabeth Gray

Cynthia Harrington

Tina Kasim

Martha Keene

Benoit Lamontagne

Carol Miller

Dianne O’Neil

David Pease

Justin Slattery

Chris Wellington






Women & Money Forum: Start the New Year on the Path to Prosperity

Thursday, December 19th, 2013

This year’s State of Women-owned Businesses report by American Express finds that women-owned firms account for 27 percent of business in the Granite State, employing 6 percent of the workforce and 6 percent of total revenue.

New Hampshire leads New England in terms of its women’s entrepreneurial economic clout, so … hear us roar.

The annual Women & Money Forum is a must-attend for women (and, yes, men are invited, too) looking to chart a prosperous course for their businesses. Hosted by the Center for Women’s Business Advancement at Southern New Hampshire University, this day-long event is worth learning more about it, so executive director MaryAnn Manoogian takes it from here.

We hope to see you Jan. 9.

Cultivating Prosperity

Does the thought of applying for a loan, buying a car, negotiating a contract, or investing your money make you wince? Do you absolutely love the creative side of your business but can’t find time to determine why you are not making enough money to get ahead?  When someone asks you about your ‘break-even,’ ‘margins’ or ‘forecasts’ and ‘projections’ for growth, do you cringe?

If you answered yes to any or all of the above questions, than join us on Jan. 9 for the 2nd annual Women & Money Forum at the Center for Women’s Business Advancement at Southern New Hampshire University (CWBA), Southern New Hampshire University’s Robert Frost Hall, 8:30 am – 4 pm.

Workshop topics will be directed to new and seasoned business owners, as well as how to manage your personal finances. We want to make sure New Hampshire small businesses have the tools necessary to succeed.  Given that the Small Business Administration Office of Advocacy finds that 30 percent of new businesses fail within the first two years and 50 percent survive less than five years, the CWBA, in coordination with the state Treasurer’s Office, the US Small Business Administration and lead underwriter Citizens Bank Foundation have assembled a team of CPAs, bankers, attorneys, financial advisors and other top-notch professionals to share their expertise on a variety of topics.

Workshop topics include How to Negotiate; Social Media for Sales; How to Price Your Goods;  How to Price Your Services; Understanding Cash Flow; Top Ten Wage and Hour Mistakes; Registering as a Women-Owned Business; How to Choose a Financial Advisor and Crowdfunding, among many others.

Other sponsors include: Geneia; the New Hampshire Division of Economic Development; New Hampshire Business Review; Labelle Winery; Rath, Young & Pignatelli and Women’s Fund of New Hampshire.

To register, visit www.cwbanh.com or call (603) 629-4697.  Registration includes participation in three workshops of your choice, lunch and opportunities to learn from the experts.

A networking wine-tasting, sponsored by LaBelle Winery, will immediately follow the all-day event.

With a little know-how you truly can take control of your business, your finances and your life.

Listen here to the Women & Money Forum conversation on WTPL FM 107.7, with MaryAnn Manoogian and Chris Way, interim director of the NH Division of Economic Development.











Lorna Colquhoun

Communications Director

NH Division of Economic Development

‘Tis the Season for Celebrating the NH Economy

Friday, December 13th, 2013

‘Tis the season to be jolly and we were this week as we marked the 18th year we’ve hosted the Division of Economic Development annual meeting (with generous sponsorship from our friends at Public Service of New Hampshire.
We had a capacity crowd at the Inn at Church Landing in Meredith, we had great speakers … in all it was a great day.
Part of the fun was the awards presentation, recognizing all the good people, the great cooperation and the terrific work accomplished in the New Hampshire economy.

So without further ado:
Presented by Gov. Maggie Hassan and Department of Resources and Economic Development Commissioner Jeffrey Rose, the following were recognized:


Rose selected WS Badger Co. of Gilsum as the Company of the Year, recognizing it for its commitment to the community, the environment and its employees. Accepting the award was Emily Hall Warren, director of administration and strategic planning.



The New Hampshire Aerospace and Defense Export Consortium, organized last March, received the Commissioner’s Teamwork award, for its efforts in promoting two growing sectors in the Granite State. Accepting the award were Tina Kasim, left, program manager for the division’s International Trade Resource Center; Harry Johnson of Profile Metal Forming, Newmarket, and Dawn Wivell, consortium manager, of Portsmouth.


The Portsmouth Naval Shipyard received the Employee Recognition award, presented by Jim Hinson, left, of the state Department of Education –Vocational Rehabilitation. The award recognized the shipyard for its inclusive hiring practices. Accepting for the shipyard were Debbie Jennings, president, Local 4, of the International Federation of Professional and Technical Engineers, and Paul O’Connor, president of the Federal Employees Metal Trade Council.


Kathleen Callahan of the New Hampshire Business Review received Rose’s media award, which recognizes a journalist each year for his or her coverage of the state’s economy.

The Division of Economic Development, part of the New Hampshire Department for Resources and Economic Development, is the single point of contact for New Hampshire businesses needing assistance and resources to grow and thrive, as well as for out-of-state companies looking to expand or relocate in the state.

Lorna Colquhoun
Communications Director
NH Division of Economic Development

North of the Border Collaboration

Tuesday, December 3rd, 2013

This is a big week for the aerospace industry on both sides of the international border we share with Quebec. Up in Montreal, 800 people from all over Canada and the world were in town for the Forum Innovation Aérospatiale 2013 – Aero Montreal’s Aerospace Innovation Forum.

Given that our aero/defense industries are growing, this was the place to start the week.

Aerospace is a big deal in Quebec and especially in Montreal, home to the likes of the big names – Bombardier, Bell Helicopter and Pratt & Whitney Canada. We could illustrate this with facts and figures, but one of the speakers on Monday’s program explained it like this:

“Montreal is one place in the world where you can find all the parts you need to build an airplane within 30 kilometers.”

There was a spot on the program Monday afternoon for us and it was a momentous occasion, as the New Hampshire Aerospace and Defense Export Consortium signed its first international partnership with Aero Montreal.


Christopher Wrenn, left, of NHADEC signs the collaboration agreement with Aero Montreal.

“This is a big day for NHADEC and the state of New Hampshire,” said Christopher Wren of Gentex Corp. in Manchester, chairman of the export consortium, which was organized last March. “It’s important because we are such a young organization and it gives us the opportunity to partner with an organization that has a long history in aerospace. Our members will learn a lot, but we have a lot to offer to Aero Montreal.”

The agreement establishes preferred relations between the two organizations and encourages collaboration on topics such as training, research, joint trade missions and supplier development initiatives.

“This strategic collaboration will provide major opportunities for Quebec’s aerospace industry by encouraging trade and fostering partnerships between our two aerospace sectors,” said Suzanne Benoit, president of Aero Montreal, adding that it is the first step toward establishing a Quebec-New England aerospace corridor.

NHADEC was established by the International Trade Resource Center last March, one of the only export consortia in the country and boasts a membership of 70 companies. About 300 companies in New Hampshire have ties to the aero/defense industry and being able to tap into the connections, research and supply chain is going to be a great benefit to the sectors, which are growing in the Granite State.

“This signing really is an indication of the momentum we are building as a cluster,” said Jeffrey Rose, commissioner of the New Hampshire Department of Resources and Economic Development. “Just as aerospace and defense are key industries here, it is in Montreal as well. As we grow this collaboration and grow our partnership, we’ll develop new opportunities for New Hampshire businesses.”

Canada is New Hampshire’s largest trading partner and we share an international border with Quebec. Montreal (depending on where you are) is only a couple of hours away. The prime driver of Quebec’s economy is aerospace and 98 percent of that activity takes place within the city limits.

So this is a collaboration whose time has come and with Monday’s signing, NHADEC and Aero Montreal are cleared for take-off.

For more information on the NHADEC, visit AerospaceNH.com.


Lorna Colquhoun

Communications Director

NH Division of Economic Development