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Archive for the ‘NH Business Matters’ Category

REPORT: New Hampshire Showing Strong Population Growth

Tuesday, September 4th, 2018

Commissioner Taylor Caswell

New Hampshire had the highest population growth rate in the northeastern United States between 2016 and 2017, according to a recent study by Pew Charitable Trusts.

According to the Pew report, the state population increased by 0.58, approximately 8,000 people. Over the same period, the national median growth rate was 0.46 percent.

“This report adds to and confirms other data trends that are very encouraging,” said Taylor Caswell, commissioner of the New Hampshire Department of Business and Economic Affairs. “Census data have shown our net migration numbers increasing over the past two years, and the majority of those new residents are in that 25-44 age group we are targeting.”

Since it was established one year ago, the Department of Business and Economic Affairs has singularly focused on strengthening the state’s economy, through the work of its Divisions of Economic Development and Travel and Tourism Development.

“New Hampshire’s greatest asset is that it’s New Hampshire,” Caswell said. “Here you can work as an engineer in a biotech or precision manufacturing firm and after work be mountain biking while commuters in urban areas are still waiting just to get on the highway.”

Between 2016 and 2017, according to the Pew data, California had the next highest percentage of growth from New Hampshire, at 0.61 percent. Massachusetts, two spots below New Hampshire, grew at 0.53 percent.

 

More Visitors will Cap Off Summer in New Hampshire this Labor Day Weekend

Thursday, August 30th, 2018

What’s there to do over Labor Day Weekend in New Hampshire?  Tax-free shopping103rd Hopkinton Fair148th Lancaster Fair (pictured) • Dive into kayakingEmbark on NH’s Wine, Cheese and Chocolate Trail  • Take the kids hiking

New Hampshire tourism officials are projecting an increase in visitation and spending this Labor Day Weekend.

The New Hampshire Division of Travel and Tourism Development expects 660,000 visitors will spend an estimated $95 million over the three-day weekend, representing a 3.5 percent increase in visitors and a 5 percent increase in spending over last year.

The Labor Day Weekend is typically the state’s second busiest travel weekend.

“New Hampshire has experienced a positive summer travel period and that momentum will carry through the long holiday weekend,” said Victoria Cimino, director of the New Hampshire Division of Travel and Tourism Development. “Strong consumer confidence, reasonable gas prices, and a sunny weather forecast, are significant factors in this year’s Labor Day Weekend forecast.”

Labor Day weekend draws visitors to the Granite State for outdoor recreation and attractions, shopping, events, and visiting friends and family.

Get Your Business in Shape for International Trade with the Export Bootcamp

Thursday, August 30th, 2018

Having trouble fitting in training sessions on international trade? Do bills of lading, export administration regulations and export credit insurance make you sweat?

Get your program in ship-export-shape by enrolling in the second annual Export Boot Camp this fall. It covers the most important aspects of doing business in international markets and can have you outpacing the competition.

For more information and to register,  visit our website. Don’t miss out on your opportunity to pump iron into your export plan!

Export Controls and Compliance

Wednesday, Oct. 3
9am – 3 pm EST
McAuliffe-Shepard Discovery Center, Concord
Presented by: Evolutions in Business

Export Logistics

Wednesday, Oct. 17
9am – 2 pm EST
McAuliffe-Shepard Discovery Center, Concord
Presented by: UPS; Traliance; Middleton & Shrull

Export Finance

Wednesday, Oct. 31
9am – 2 pm EST
McAuliffe-Shepard Discovery Center, Concord
Presented by: People’s Bank; Meridian Financial Group; U.S. Small Business Association

International Marketing

Wednesday, Nov. 14
9am – 2 pm EST
McAuliffe-Shepard Discovery Center, Concord
Presented by: IBT Online

 

New Hampshire has No Sales Tax: Information for New Hampshire Businesses Following the U.S. Supreme Court’s Wayfair Decision

Thursday, August 23rd, 2018

Governor Chris Sununu, Attorney General Gordon MacDonald, and Business and Economic Affairs Commissioner Taylor Caswell announced today (8/23/18) further actions by New Hampshire State Government in the wake of the United States Supreme Court’s decision in South Dakota v. Wayfair, Inc.

In that decision, the court overturned existing law, which required that a seller be physically present in a state before that state may impose sales and use tax collection obligations upon the seller. As a result, more than 10,000 jurisdictions that have a sales and use tax may seek to impose collection requirements on out-of-state sellers, potentially including New Hampshire businesses.

“The actions announced today are important steps that the Executive Branch can take while we continue to push for legislative action,” Sununu said. “While we remain hopeful that meaningful legislation can be enacted either this fall or next session, I have made clear to my administration that state government must do all it can in the meantime to protect New Hampshire businesses in the weeks and months ahead.”

The specific actions announced today are:

  • The Department of Justice has prioritized efforts to detect and alert New Hampshire’s citizens to potential scams in which an individual impersonates another jurisdiction’s taxing authority in an attempt to acquire payment or sensitive customer data;
  • The Department of Justice has dedicated resources to gather information related to actual efforts of other taxing jurisdictions to impose their sales and use tax obligations on New Hampshire businesses.
    • To assist the Department of Justice in collecting this information and monitoring for potential scams, the Attorney General requests that any New Hampshire business contacted about sales or use tax collection by an entity purporting to be a taxing authority call the Attorney General’s Consumer Information line at 888-468-4454 or 603-271-3643.
    • The Department of Justice cannot represent or give legal or tax advice to individuals or businesses. Therefore, businesses receiving a communication from a governmental entity outside of New Hampshire seeking to impose a sales and use tax obligation should consult a tax professional.
  • The State has established a single website, https://www.nheconomy.com/nosalestax, which is intended to serve as a central clearinghouse for information about developments in the wake of the Wayfair decision. The website will be updated regularly with content and information provided by all agencies of state government, including the Departments of Justice, Business and Economic Affairs, and Revenue Administration.

 

 

New Hampshire Aerospace Takes Flight at Farnborough International Airshow Last Month: Five Granite State Companies Scored Worldwide Connections

Friday, August 3rd, 2018

New Hampshire’s growing aerospace sector was on display last month at the Farnborough International Airshow, one of the largest industry trade shows in the world. Among the highlights this year: The debut of the F-35 Lightning II, along with nine new aircraft from Boeing, Bombardier, Gulfstream, Hondajet and Embraer.

Six companies – AQYR of Nashua; Corfin Industries of Salem; Northern Composites of Hampton; Transupport of Merrimack and US NanoSolutions of Hampton – were joined by Liquid Measurement Solutions of Georgia, Vt., at the New Hampshire pavilion. This year’s show featured more than 1,500 exhibitors from 52 countries, of which nearly three-quarters were from outside the United Kingdom.

While the latest total is still being calculated, in 2016, $124 billion in orders and commitment were placed at the air show.

U.S. Sen. Jeanne Shaheen visited the New Hampshire pavilion at the Farnborough International Airshow last month. Photos courtesy NHBR

On the first day of the show, U.S. Sen. Jeanne Shaheen visited the New Hampshire pavilion, which drew some great attention to the Granite State and, because of her connections, provided introductions of our businesses to key prime contractors – Boeing, Leonardo and Textron.

This is valuable currency for our companies, who are now connected with the right people to talk about procurement and getting into their supply chains.

This is the second time since 2012 New Hampshire has had a presence at this biennial air show. Since that first show, our state’s aerospace sector has seen impressive growth and increased international acumen.

We returned because of strong business connections our companies, and the New Hampshire Aerospace and Defense Export Consortium, have forged since then, including with the Farnborough Aerospace Consortium.  The relationship is providing possibilities for trade and business opportunities for Granite State companies.

The United Kingdom is the U.S.’s second largest defense market and a strong market for New Hampshire’s integrated supply chain. We make components that put planes and jets in flight. It makes sense to be there and the companies taking part in our pavilion took advantage of the opportunity to seek new markets, show commitment to customers and make connections.

International trade shows are intense, but are a great way to meet the world halfway. For New Hampshire, Farnborough has again opened doors to possibility for one of its dynamic and growing sectors.

Tina Kasim
Program Manager
Office of International Commerce

Northern Border Regional Commission Awards Grants to 15 NH Projects

Wednesday, August 1st, 2018

The Northern Border Regional Commission has awarded more than $2.8 million in federal funds to 15 projects that will boost community development projects in New Hampshire.

Created by the US Congress in 2008, the NBRC is a federal-state partnership whose mission is to help alleviate economic distress and help the region grow throughout 36 northern counties of Maine, New Hampshire, Vermont, and New York. In New Hampshire, counties eligible for the Economic and Infrastructure Development Investment Program are Carroll, Coos, Grafton and Sullivan.

“Today’s announced Northern Borders Regional Commission grants are great news for Granite State communities,” said Governor Chris Sununu. “These grants are an important tool for local communities to promote opportunity and further strengthen their economic and community development efforts.”

The 15 projects enhance the efforts communities and organizations are advancing to strengthen their local economies, said Taylor Caswell, commissioner of the Department of Business and Economic Affairs.

“Funding from the Northern Border Regional Commission is increasingly important for the towns and cities that are working hard to build communities where people want to live and work,” he said.

Awards were made for the following projects:

The Bridge House; $68,330 to create six units of service-enriched affordable housing that include job training and employment opportunities in Plymouth;

Town of Bristol; $132,157 for a 3-mile, middle mile fiber optic cable telecommunication infrastructure project that will provide high speed internet, voice, data, video, and network backup for cellular and wireless needs;

Coos County Family Health Services; $250,000 for a 2,300-square-foot clinical space addition to expand behavioral health and substance abuse treatment in Berlin;

Coos Economic Development Corp.;
$250,000 to Whitefield’s King Square revitalization project, targeting four buildings around the town common for refurbishment;

Dartmouth Regional Technology Center;
$250,000 for the purchase and installation of a laboratory-grade air handling system at the DRTC business incubator in Lebanon;

Town of Enfield; $135,397 for the Mascoma Lakeside Park Pavilion, providing an indoor/outdoor community gathering space and enhanced recreation opportunities;

G.A.L.A Community Center; $250,000 for renovations needed to establish a makerspace and business incubator in Wolfeboro;

Laconia Area Community Land Trust; $310,000 for basic public infrastructure for the Harriman Hill Homes development project in Wolfeboro;

Littleton Industrial Development Corp.;
$119,500 for site development design and permitting of 42 acres the Town of Littleton donated to expand the industrial park;

Mascoma Community Healthcare Inc.
; $154,275 to provide radiography, physical therapy and pharmacy equipment, which is needed to expand an existing community health center, which serves 1,600 patients and will create nine jobs in Canaan;

Mount Washington Valley Trails Association/Town of Conway; $200,000 for the North Conway Recreation Path, a 2.9 mile infrastructure project for non-motorized, off-road transportation and recreation;

Taproot Farm and Environmental Education Center; $156,260 for the retention and expansion of a Lancaster marketplace supporting 88 local farmers and artists/craftsmen;

Weeks Medical Center; $250,000 for installation of an 85Hp biomass boiler in center’s new patient care center in Lancaster;

White Mountains Community College; $240,220 for a training program developed through a collaboration between the college and regional industries to address critical skills gap impeding business retention and expansion;

White Mountain Science; $95,550 for  its STEM-Works program, a region-wide STEM workforce training program with a focus on leadership, communications, STEM-tech skills and entrepreneurship.

Division of Economic Development Staff Earn Awards, Recognition

Wednesday, August 1st, 2018

There may not be a staff as dedicated, knowledgeable, and hardworking as the one  at the Division of Economic Development. I am pleased that several team  members have been recognized for their work.

Over the past several months:

Michael Power, community outreach coordinator, Office of Workforce Opportunity and Lorna Colquhoun, (top) communications director for the Division of Economic Development, were honored by the Business and Industry Association of New Hampshire with its annual Above and Beyond awards, which recognize their outstanding service and commitment to BIA’s mission;

Dave Pease, program manager for the New Hampshire Procurement Technical Assistance Center and chairman of APTAC’s Professional Review Committee, (center) received the Betty McDonald Outstanding Member Achievement Award at the spring Association of Procurement Technical Assistance Center’s training conference;

Tina Kasim, program manager for the Office of International Commerce and a member of the Granite State District Export Council, (bottom) was recognized by the U.S. Department of Commerce Secretary Wilbur Ross for her knowledge of international business and expertise on trade and trade-related matters; U.S. Sen. Maggie Hassan presented her with a certificate.

Will Arvelo
Director
Division of Economic Development

Senator Hassan Updates Granite State District Export Council on Trade Developments; Honors Members for International Business Expertise

Tuesday, July 31st, 2018

Sen. Hassan, left, and Justin Oslowski, US Commercial Service, present Tina Kasim, Office of International Commerce with recognition from the U.S. Secretary of Commerce.

U.S. Sen. Maggie Hassan on July 27 discussed the importance of international trade for New Hampshire businesses with members of the Granite State District Export Council, where she also highlighted the importance of supporting innovative businesses.


She also recognized members of the GSDEC being honored by the U.S. Department of Commerce Secretary Wilbur Ross for their international business knowledge and expertise on trade and trade-related matters. Recipients pictured right.

Michael Barrett of Tech Resources Inc., receives recognition by the U.S. Secretary of Commerce from Sen. Hassan; Tina Kasim, Office of International Commerce; Justin Oslowski, US Commercial Service.


The Granite State District Export Council consists of members appointed to four-year terms by the U.S. Secretary of Commerce and brings together experienced international business professionals who provide support, advice, and assistance to companies looking to enter or expand into international markets. The mission of the organization is to support and encourage exports in order to boost economic growth locally and create jobs.

William McNary of Agilitrade, receives recognition by the U.S. Secretary of Commerce from Sen. Hassan; Tina Kasim, Office of International Commerce; Justin Oslowski, US Commercial Service.

“International trade is a cornerstone of our economy in New Hampshire, and when trade is done right, it helps our innovative businesses compete – creating jobs and spurring economic growth,” Hassan said.

“The work of the Granite State District Export Council is critical in these efforts, providing key support and advice to New Hampshire businesses looking to enter or expand into new international markets.

“I am focused on supporting your work – ensuring that our businesses can trade on a level playing field, and that you have the resources and support you need to thrive in the international marketplace,” she said

The accomplishments this year of the Granite State District Export Council.

 

Karen Wyman of Elbit Systems of America, receives recognition by the U.S. Secretary of Commerce from Sen. Hassan; Tina Kasim, Office of International Commerce; Justin Oslowski, US Commercial Service.

 

 

 

The Importance of Workforce Diversity, Inclusion in New Hampshire

Thursday, July 19th, 2018

On air with New Hampshire Business Matters, WTPL-FM

New Hampshire Business Matters airs every third Wednesday of the month on WTPL-FM 107.7. Division of Economic Development Director Will Arvelo hosts the segments, discussing topics of interest in today’s state economy.


Tune into this month’s edition of New Hampshire Business Matters.


This month’s guest is Paula Parnagian of Eversource and the discussion is about the importance of workforce diversity and inclusion in New Hampshire.

 

 

 

 

 

 

Increasing Diversity, Inclusion in New Hampshire Makes it Stronger, Infuses Fresh Ideas

Tuesday, July 17th, 2018

Will Arvelo ~ NH Division of Economic Development

Will Arvelo is the director of the New Hampshire Division of Economic Development. – ed.

Diversity plays a valuable role in our communities and state; from it comes fresh ideas, innovation and new ways to look at old ways. Insuring that New Hampshire’s population continues to diversify and be inclusionary is a priority of the Division of Economic Development.

Data shows that New Hampshire’s population is becoming more diverse. According to the U.S. Census Bureau, the non-white population, including those that identify with two or more races, increased to 6.4 percent in 2017 and Latinos make up almost 4 percent of the population.

While these percentages may seem small in comparison to southern New England, it is undeniable that New Hampshire is changing and becoming more diverse.

As New Hampshire continues to evolve as part of a broader international community and as the U.S. continues to see significant demographic changes, the demographics within our state will also shift to reflect those changes.

In 2012, 21 percent of the U.S. population was non-white, or of two or more races. Also that year, 17 percent of the total U.S. population was of Latino/Hispanic descent. By 2060, the U.S. non-white population and those with two races or more will exceed 30 percent and those of Latino descent will also exceed 30 percent.

For our employers who are increasingly concerned about their ability to attract and retain a diverse workforce, this diversification is welcome in New Hampshire. Many are instituting initiatives to make their workplaces more welcoming and accepting of, not only different ways of thinking, but people’s differences.  We also know that younger people, white and non-white, prefer to be in diverse communities, whether that be their workplaces or living spaces.

This is good for all of us.


New Hampshire, like its neighboring states, is still challenged in its efforts to attract and retain a more diverse demographic. To that end, we are focusing on ways to be a state that is welcoming, accepting, and supportive. If we are to widen our competitive advantage, we need a diverse workforce.


There are many efforts in corporations, including Eversource, Eastern Bank, Hutchinson and others, and communities building advocacy and sustainability to achieve this goal. In addition, agencies including The Endowment for Health; Diversity Workforce Coalition; NAACP of the Seacoast; AARP, Welcome New Hampshire and many others that are working to make improvements across our state.

The Governor’s Advisory Council on Diversity and Inclusion will be central to this effort, with its recommendations due later this year. They will be used to create a sweeping, unifying strategy that brings all these efforts together to leverage resources, build a collective vision, build capacity, and have deep impact within a short time.

On July 26, a statewide working group will meet to begin building a unified, strong, sustainable effort around diversity and inclusion. Doing so will make New Hampshire more welcoming and attractive within our increasingly diverse nation and it will allow us to build a society reflective of diverse ways of being and thinking. It will also allow New Hampshire to continue to build and sustain its diverse economy and remain competitive regionally, nationally, and internationally.