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Archive for June, 2018

NH Recruits for High-Growth Biotech Talent at International Conference

Thursday, June 7th, 2018

1: The state of New Hampshire’s booth at  the BIO International this week in Boston. 2: Shawn Cain, right, COO of LSNE Contract Manufacturing and BEA Commissioner Taylor Caswell. 3: Caswell and President/CEO Thomas Taylor, right, of Foxx Life Sciences. 4: Caswell and David Alward, right, Canada’s Consul General to New England. 5: The NH pavilion team: Business and Economic Affairs; the University of New Hampshire; the Advanced Regenerative Manufacturing Institute; the Community College System of New Hampshire; Dartmouth College and the New Hampshire High Tech Council.

New Hampshire showcased its fast-growing biotech/medtech industry, its academic partners, and its quality of life at the annual BIO International Convention in Boston, Mass. this week. Now in its 25th year, the event draws over 17,000 people and 1,800 exhibitors from all over the world.

The Department of Business and Economic Affairs partnered with the University of New Hampshire; the Advanced Regenerative Manufacturing Institute; the Community College System of New Hampshire; Dartmouth College and the New Hampshire High Technology Council to present a collaborative and interactive experience for biotech companies, biotech talent, executives, startups, and other stakeholders for the three-day conference.


“This is a prestigious and respected trade show that’s been around for 25 years and it was time that New Hampshire got in front of an international audience to talk about what we have going on here,” said Taylor Caswell, commissioner of the Department of Business and Economic Affairs. “We have trailblazing companies that are changing healthcare around the world.”


Caswell visited with several New Hampshire companies taking part in the show, including Foxx Life Sciences of Salem, Lonza Biologics of Portsmouth, and LSNE Contract Manufacturing of Bedford.

“Each of these companies has a major footprint in New Hampshire and they are continuing to grow,” he said. “They are finding the talent they need here and a business climate conducive to growth, but we want to do everything we can to continue to support their goals and provide quality jobs for New Hampshire.”

Caswell also met with David Alward, Canada’s Consul General to New England for a wide ranging discussion about life sciences, trade and tariffs.

“We share a $5 billion border with Canada,” Caswell said, “and for many of our businesses, small or large, the relationship with Canada is critical. We need to do what we can to protect that.”

Throughout the three-day conference, New Hampshire’s team promoted the state’s exceptional business climate and lifestyle assets; from education pathways and life science startups to how to match up its outstanding academic institutions, their research, and their graduating workforces with companies across the state.

“New Hampshire is poised to be at the forefront of innovation and healthcare and the leaders of pharma and biotech from around the world got to see that the BIO International Convention,” Caswell said.

Regenerative Manufacturing in Manchester Ready to Change the World

Monday, June 4th, 2018

Business and Economic Affairs Commissioner Taylor Caswell

When Governor Sununu signed SB 564 into law last week, he set New Hampshire on course to becoming the global hub for regenerative manufacturing.

The science behind creating new tissue and organs, and manufacturing them commercially, may sound like something from the 22nd century, but that technology is already happening at the Advanced Regenerative Manufacturing Institute in the Manchester Millyard.

The potential impact on New Hampshire economy, the healthcare industry, and people’s lives across the planet is nothing short of colossal.

Scientists, visionaries and legislators came together in Manchester this week for the signing of this bill because it is that important to our 21st century economy. This new law exempts for 10 years qualified companies locating their regenerative manufacturing business in New Hampshire from state corporate taxes. It also establishes a $5 million student loan forgiveness program for those people who come here to work in and grow this amazing industry. After five years, the state will pay for their student loans.


These are significant new tools that truly illustrate that New Hampshire is open for business. This legislation will help us recruit to our state, and retain, both businesses and the skilled workforce they need to grow and further evolve this science.


I can’t think of a more appropriate place for regenerative manufacturing to start changing the world than Manchester’s Millyard. A century ago, these very same buildings housed the largest and most technologically advanced textile mills on the planet. And now, here in 2018, these mills are on the precipice of once again being a globally critical manufacturing hub.

We’ve been here before. We can do it again.

Taylor Caswell
Commissioner
NH Business and Economic Affairs

Sununu Signs Groundbreaking Regenerative Manufacturing Law; New Hampshire Poised to Become Biofabrication Hub

Friday, June 1st, 2018

Governor Chris Sununu this week signed SB 564 into law, a groundbreaking step in the state’s leadership in regenerative medicine. It provides an unprecedented 10-year tax exemption from both the state business profits tax, as well as the business enterprise tax, to for-profit companies that have at least 75 percent of their taxable activity in the Advanced Regenerative Manufacturing Institute (ARMI) project in Manchester.

The bill also includes a $5 million student loan repayment program for workers who devote at least five years to the project, which has been spearheaded by inventor Dean Kamen. Kamen’s vision attracted an $80 million grant from the U.S. Department of Defense to create the international hub of regenerative manufacturing, whose mission it is to make practical the large-scale manufacturing of engineered tissues and tissue-related technologies, to benefit existing industries and grow new ones.

In addition to Kamen, Sununu was joined by Taylor Caswell, commissioner of Business and Economic Affairs, as well Michael Golway, CEO of Advanced Solutions Life Sciences, and Martine Rothblatt, CEO of Lung BioTechnology, the leaders of two companies first to benefit from this legislation.

 


Martine Rothblatt ~ CEO, Lung BioTechnology

It is difficult to find the top talent we need. When Dean (Kamen) told me about the possibility that our graduates from the top schools throughout the country would have, after committing five years working here, their student loans paid for, “I said, ‘Dean, this would be something which is better than anyone else in the country has.’”

Our HR people said this is the silver bullet for getting the people you want to have here.

We have already moved our organ manufacturing group from Kendall Square, the hotspot if they are just graduating from MIT or Harvard. We will move them here because I believed that you would get this bill passed.  

Because of this, I guarantee there is nothing better you can do than to create opportunity, get out of the way and let the organ manufacturers bring the talented individuals here and take the ball all the way.


 

“This legislation lays the groundwork to advance New Hampshire’s role in developing the ARMI network and the larger biotech community in our state,” Sununu said.  “Veterans, children and people all over the world have the potential to benefit from this research, being done right here in southern New Hampshire.”

 


Michael Golway, CEO, Advanced Solutions Life Sciences

I’m an 18-year entrepreneur; I’ve done 10 acquisitions and six startups. I share this with you because we’ve had quite a bit of experience buying companies and starting companies around the country and I have never seen the speed with which this legislation was conceptualized and implemented. I applaud everyone who had a role.

From an entrepreneur’s standpoint, there’s an incredible vision with ARMI and what this could look like in the next several years. At its core value, if you think about what it could mean for this area; if you truly become the Silicon Valley for biofabrication, it is a course direction that will impact this area and region for many, many years to come.

This is a big deal; this is a material calculus of how we look at a strategy for this business, anytime you can get relief or mitigate the risks, that’s a good thing and this bill in particular does just that.

 


“By supporting the critical work being done by ARMI, New Hampshire’s biotech sector will continue to flourish, attracting innovative companies and employees to the Granite State,” Caswell said.  “The student loan repayment program will competitively position the state as we continue to recruit and grow our workforce.”