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Archive for the ‘NH Business Matters’ Category

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

Tuesday, 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

Tuesday, 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

Friday, 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

Thursday, 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.

New Hampshire Granted Alternative Site Framework Designation; Widens Trade Opportunities for Businesses

Monday, November 19th, 2018

Service area for the Alternative Site Framework for FTZ #81

The state’s application for federal approval to expand Foreign Trade Zone #81 has been approved by the Foreign Trade Zones Board, according to Geno Marconi, director of the Pease Development Authority, Division of Ports and Harbors. 

The state’s four Foreign Trade Zones, located at the Pease International Tradeport; the Manchester-Boston Regional Airport; the Market Street Marine Terminal in Portsmouth, and the Portsmouth Industrial Park are reorganized under the Alternative Site Framework, which includes all or parts of nine of the state’s 10 counties. FTZs authorized by the federal government are typically located adjacent to U.S. Customs Ports of Entry and enable companies to defer, reduce or eliminate duties on imported merchandise. Potential users of the FTZ can now utilize its benefits within approximately 30 days from the time an application is accepted for filing; previously, applications took up to a year.

“This is another step toward our aggressive goal of enabling businesses in New Hampshire to find profit and success in the international marketplace,” said Commissioner Taylor Caswell of the Department of Business and Economic Affairs. 

The Foreign-Trade Zones Act of 1934 provided financial incentive to companies, which would have operated offshore, to locate within the United States, to create jobs and stimulate the economy. 

Foreign-Trade Zones are areas designated by the FTZ Board and are under the supervision of U.S. Customs and Border Protection. For the purpose of assessment and collection of import duties, foreign imported merchandise entered into a zone is considered not to have entered the commerce of the United States, so duties are not paid while the merchandise remains at the site. Depending on the final disposition of merchandise, duty deferral, duty reduction and/or duty elimination are potential zone benefits. 

For information on New Hampshire’s Foreign Trade Zones, contact Marconi at the Division of Ports and Harbors, 555 Market St., Portsmouth, 603-436-8500 or g.marconi@peasedev.org

New Hampshire High Tech in the Spotlight for Technology Month

Thursday, November 1st, 2018

Gov. Sununu; the Executive Council and members of the Technology Sector Partnership proclaim November as New Hampshire Technology Month.

The bridge between New Hampshire Manufacturing Month, which took place throughout October, and New Hampshire Technology Month, which begins today, is the 16th annual Governor’s Advanced Manufacturing and High Technology Summit (that happens tomorrow – 11/2).

It makes sense that we devote some time to highlighting these two important sectors to our economy. Both complement one another and really, you can’t have manufacturing without technology. Over the past few weeks, there has been exciting news from Granite State companies, like the space technology partnership between NASA and Nanocomp Technologies in Merrimack and the Global Aerospace Bearings Market Growth report, which listed two of our companies, New Hampshire Ball Bearings and the Timken Company as the “top-rated important players of the aerospace bearings market.”

BEA Commissioner Taylor Caswell at the Lakes Region Manufacturing Breakfast Symposium

New Hampshire is no stranger to being on the cutting edge of technology, whatever the century. As Business and Economic Affairs Commissioner Taylor Caswell noted at the recent Manufacturing Breakfast Symposium at the Belknap Mill (the only remaining example of brick/beam, exposed joists construction), mills like this one and the Amoskeag Mills in Manchester ushered in the Industrial Revolution and now high technology.

They are not knitting cotton by the mile, but “they are 3D printing kidneys and limbs,” he said, referring to the Advanced Regenerative Manufacturing Institute, which is located in the Manchester Millyard.

Technology at Nanocomp Technologies, Merrimack

With the turn of the calendar page to November, we have New Hampshire Technology Month, as proclaimed by Gov. Chris Sununu, to highlight this sector, which is expected to grow by 10 percent over the next decade.  There are about 26,000 people working the tech sector and the challenge is to find more of them to fill positions created by that growth.

What’s on tap for New Hampshire Technology Month? Head over to the NH Sector Partnership Initiative’s technology calendar, which is filled with tech activities.

Nanocomp Technologies Joins NASA in a Space Technology Partnership

Monday, October 29th, 2018

Officials from NASA were in New Hampshire today to meet with a team from Nanocamp Technologies in Merrimack, for a look at the technology that could bring down the cost of spaceflight and exploration.

Nanocomp, a Huntsman company, manufactures Miralon, a high strength, carbon based material. NASA awarded Nanocomp Technologies a contract to continue developing its pioneering high strength carbon nanotube (CNT), seeking to double the strength properties of carbon fiber composites in use today.

Miralon is composed of interconnected, long-form nanotube bundles, produced in sheets, yarn, tape, and dispersed products.

Today’s event included a tour of the company’s Merrimack facility and demonstrations of yarn production; how Miralon can be used as a heat shield for space, aircraft and automotive applications; the furnaces that produce the sheet and yarn product, and more earthly uses of Miralon for heated outdoor furniture and fixtures.

 

 

New Hampshire’s Manufacturing Month Celebrates Key Sector, Economic Driver

Thursday, October 18th, 2018

Manufacturing Month kicked off at NextPhase Medical Devices in Rochester.

New Hampshire’s celebration of  Manufacturing Month continues through October. Since manufacturing employs nearly 70,000 people in all corners of the state, accounts for over 12 percent of our gross state product, and is a key driver of our economy, it is appropriate to cheer our manufacturers and the very cool things they make here.


Tune into this month’s New Hampshire Business Matters for a look at manufacturing in the Granite State.


Ken Cail, WTPL-FM host, left; Zenaugi Brahim, NH MEP; Will Arvelo, Business and Economic Affairs

Manufacturing Month kicked off at Next Phase Medical Devices in Rochester and will conclude Nov. 2 with the 16th annual Governor’s Advanced Manufacturing and High Technology Summit (register here). Through the month, dozens of manufacturers are opening their doors to high school students, to show them what’s inside, what’s being made, what it is used for and the technology it takes to make the products.

On this month’s New Hampshire Business Matters radio show, our director, Will Arvelo, and guest Zenaugi Brahim, president of the New Hampshire Manufacturing Extension Partnership, talked about all things manufacturing in the state – where the sector is, where it’s going and nurturing the pipeline of workers needed by manufacturers to continue growing and being competitive.

 

New Hampshire Businesses Earn Employment Leadership Awards for Excellence in Disability Employment and Practices

Friday, October 12th, 2018

Director Will Arvelo had the honor this week of presenting the 2018 Employment Leadership Awards in Concord.

Celebrating its 10th anniversary, the Employment Leadership Awards recognize employers statewide who reach out with opportunity and encouragement to assist people with disabilities in finding a job. October is also National Disability Awareness Month.

“The Employment Leadership Awards highlight the successful experiences employers throughout New Hampshire have when they hire staff with disabilities,” Arvelo said. “Thanks to them, hundreds of employers are giving hundreds of people the opportunity to be a part of their success and they are examples we hope will inspire other business owners.”

This year’s businesses earning the 2018 Employment Leadership Award include:

New Hampshire Vocational Rehabilitation provides free services to businesses interested in diverifying their workplaces, including training.

Another STEP for New Hampshire Businesses and International Trade

Friday, September 28th, 2018

The latest round of STEP funding will be used to promote New Hampshire exports, such as the Farnborough International Air Show, one of the largest aero/defense trade shows in the world.

The New Hampshire Office of International Commercial received from the U.S. Small Business Administration a State Trade Expansion Program grant, which will continue to help Granite State businesses discover, and expand in, markets around the world.

“For more than five years, STEP grants have made a real difference for New Hampshire businesses and the global market, said Commissioner Taylor Caswell of the state Department of Business and Economic Affairs. “Through this program, scores of companies and manufacturers have completed export training programs; participated in international trade shows, and raised the profile of New Hampshire in markets around the world.”

US Sen. Jeanne Shaheen announced the $250,000 award last week, noting “This federal support is an important investment in Granite State entrepreneurs, helping them compete in a global economy.”


The STEP Financial Assistance Award program is now available! Companies can apply for a financial assistance award of up to $5,000 to help increase export sales. Details below.


The latest round of funding will be used to provide matching grants to eligible New Hampshire companies for their export promotion efforts; further development of the annual Export Boot Camp by the Office of International Commerce, and taking part in an international trade show.

The SBA distributed $18 million in STEP grants to 47 state international trade agencies. Now in its seventh year, STEP is designed to increase the number of small businesses that export and the value of those exports, and to explore new trade opportunities.


Get in on STEP!

Join the Office of International Commerce at two informational webinars regarding the grant,
application process and guidelines. Register for one of the webinars and receive 5
points towards your application’s overall score.

Wednesday, October 10 at 10 a.m. ET
Thursday, October 11, at 2 p.m. ET

There is no cost to participate in the webinar, but registration is required. The application packet, instructions, guidelines and additional program information are available HERE.

Please note:
Application deadline is Friday, Nov. 9 at 3 pm ET
• Submit applications HERE
• No partial applications will be accepted
• Awards are limited in number and applications are ranked based on the competitiveness and innovation of the submitted proposal

*Note: The STEP Grant is a two-year grant. As a result, all successful activity reimbursements must be submitted within the next two federal fiscal calendar years (Oct. 1, 2018 – Sept. 29, 2020). Limited funds are available for this two-year period.

For more information, visit nhexportassistance.com or contact Rachel Adams.