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

Archive for the ‘NH Business Matters’ Category

Aerospace/Defense Reaching New Heights in New Hampshire

Thursday, April 19th, 2018

Tune into this month’s edition of New Hampshire Business Matters and learn about the NH Aerospace and Defense Export Consortium.

What fast-growing industry in New Hampshire, home to about 350 companies involved in the sector, employs about 60,000 people, who earn an average salary of more than $87,000 and comprises about 2 percent of the gross state product?

Aerospace and defense.

That was the topic of this month’s New Hampshire Business Matters radio show on WTPL-FM, with Division of Economic Development Director Will Arvelo and guest Steve Myers, program manager for Southwest Research Institute, located on the campus of the University of New Hampshire.


Register today for NHAD 2018, the annual networking event of the New Hampshire Aerospace and Defense Export Consortium.


The discussion centered around the New Hampshire Aerospace and Defense Export Consortium. Now in its fifth year, this unique organization has about 100 members from around the country and international partnerships with AeroMontreal and the Farnborough (England) Aerospace Association.

Myers spoke about how NHADEC helped save the work SRI does at UNH and the other benefits the organization offers.

Tune in and learn about this dynamic organization and the annual networking event coming up May 17.

GDPR Goes into Effect May 25: Is Your Company Ready to Comply?

Thursday, April 12th, 2018

If you’re involved with one of the thousands of New Hampshire companies exporting goods and services to markets within the European Union, you have, by now, probably heard about the General Data Protection Regulation rules, which go into effect May 25.

GDPR, as it’s better known, is strict protocol on how companies collect and protect data on citizens of the EU and companies must be within compliance next month.

From 8:30 am to 2:30 p.m., on May 4 in the Demoulas Room, Benoit Education Center at Rivier University in Nashua, the New Hampshire Office of International Commerce, U.S. Commercial Service and the Granite State District Export Council present two seminars taking a closer look at the global trends in e-commerce transactions and GDPR.

Morning Session: Cross-Border eCommerce Sales: Practical Guidance for Small & Medium-Sized Businesses
Presented by James Bledsoe, eCommerce Innovation Lab, U.S. Department of Commerce

Global StudyPulse of the Online Shopper
Presented by John Wakefield, Lorie Schlatterer and Travis Klingseisen, UPS
Cost: $50 per person

Lunch and Learn: Understanding the New General Data Protection Regulation (GDPR) When Doing Business in the European Union
Presented by Attorney John Weaver, Associate at McLane Middleton
Cost: $50 per person

Cost to attend both sessions: $75 per person

REGISTER TODAY!

Contact Rachel Adams with any questions.  More information about each session and the agenda can be found HERE.

Hitchiner Manufacturing to Make $50 Million Capital Investment, Add 85 Jobs in Milford, N.H.

Wednesday, April 4th, 2018

John Morison III, Hitchiner Manufacturing

Today, Governor Chris Sununu joined Hitchiner Manufacturing CEO John Morison III, BEA Commissioner Taylor Caswell, and state and local officials as Hitchiner announced plans to expand its New Hampshire operation with the construction of a new, 85,000-square-foot facility – a $50 million investment that will create 85 local jobs.

“Expanding in New Hampshire would not have been possible without the support of state and local government. Businesses planning to start-up or expand in the state today face important challenges. The high cost of energy in New Hampshire can be an especially high hurdle, particularly for manufacturing companies,” said Hitchiner Chairman and CEO John H. Morison. “Fortunately, Hitchiner was able to work through these challenges with the Governor’s office, the N.H. Department of Business & Economic Affairs, and the Town of Milford. The Company looks forward to working along with state and local government to continue to improve New Hampshire’s business environment in order to ensure a strong economy for current and future generations.”

“This is great news for New Hampshire,” said Governor Chris Sununu. “Hitchiner Manufacturing’s expansion, is another signal to companies across the Country that the Granite State is open for business. I’d like to thank Hitchiner Chairman and CEO John Morison III for choosing to expand right here at home, and look forward to the many great things to come.”

“Manufacturing is a critical component of New Hampshire’s economy, and we worked hard with the team at Hitchiner and with our partner agencies at the state and local levels to meet their needs and respect their decision to make such a sizeable investment here in New Hampshire,” said Taylor Caswell, Commissioner of the NH Department of Business and Economic Affairs.  “This sends a very clear message to our existing manufacturers as well as those from outside the state, New Hampshire is open for business and we will work to earn those investments and the quality jobs they can bring.”

The building represents a multi-phased $50 million capital investment and will house operations to support new growth in markets Hitchiner currently serves. The investment is contingent on securing financing and permits from the town and state. Beyond the jobs that will be created during construction, Hitchiner expects that the investment will also eventually create an estimated 85 local jobs. The expansion will help ensure the future of Hitchiner’s current operations in the state, and its continued contribution to the state and local economies.

The expansion, which is scheduled to begin mid-2018, serves to strengthen Hitchiner’s presence in New Hampshire, as well as its position as an industrial supplier. Hitchiner has been a part of the New Hampshire business community since 1946, when the privately-held company was established in Manchester, N.H.’s Amoskeag Millyard. Today the company employs more than 675 employees in Milford, NH, where it produces investment castings for the aerospace, defense, and automotive industries. It has also become known for its investment in education and workforce development, as well as its collaboration with local charitable organizations, such as the Boys & Girls Club of Soughegan Valley. In 2017, Hitchiner was named the Manufacturing and Business Technology Business of the Year by New Hampshire Business Magazine.

 

About Hitchiner Manufacturing, Co., Inc.

Founded in 1946 and headquartered in Milford, New Hampshire, Hitchiner Manufacturing Co., Inc. is the supplier of choice for investment castings and fully-finished casting-based subassemblies and components. Leading companies in the automotive, aerospace and other industries around the globe use our castings and rely on Hitchiner to provide volume production, reduced lead-times, and just-in-time manufacturing.

 

Workforce Resources Spring Tour Hits the Road with Tools to Help Companies Grow

Friday, March 30th, 2018

Representatives of two workforce initiatives are hitting the road this spring to connect employers across the state with resources to help retain and attract the talent they need to grow their businesses.


The Sector Partnerships Initiative and ApprenticeshipNH are driving the Connecting Workforce Resources Spring Tour, with stops at Keene State College, April 26; White Mountain Community College in Berlin, May 1; Plymouth State College, May 10 and Great Bay Community College in Portsmouth in early June.


Focusing on five core industries – construction, healthcare, hospitality, manufacturing and technology – employers in these will learn about programs and training available to them. At each stop, representatives from the Sector Partnerships Initiative, ApprenticeshipNH, the Office of Workforce Opportunity, Work Ready, college business training centers at each community college, and the Department of Employment Security.

“The Connecting Workforce Resources Spring Tour is a great opportunity for businesses to learn about a range of resources available to them in New Hampshire,” said Phil Przybyszewski, workforce solutions project director for the Sector Partnerships Initiative. “We have created this tour to bring a complete menu of resources into five communities for company representatives to learn and see what might align best with their workforce development plans.”

Each event during the tour offers speed networking, when company representatives can get an overview of the workforce resource programs available. Attendees can then meet with program representatives for further information.

“With New Hampshire’s low unemployment rate and a number of open positions in high growth industries, it can be difficult for businesses to attract and retain talent,” said Anne Banks, workforce development administrator for the Community College System of New Hampshire and ApprenticeshipNH.

For more information, contact kathleen@cooksonstrategies.com or call 603.782.8192.

­­­­­­­­­­­­­­­­­



The Sector Partnerships Initiative is a new industry-driven state-wide effort to help New Hampshire businesses in targeted industries address workforce needs. Focusing on five core industries – construction, health care, hospitality, manufacturing and technology – SPI assists companies in finding funding and training resources that provide employees with improved skills and career advancement opportunities. SPI also helps companies create a network to convene and collaborate with other companies on a regular basis to identify shared hiring, training and retention needs.

The ApprenticeshipNH program, housed at the Community College System of New Hampshire, is a unique effort that prepares workers as Registered Apprentices to better compete in the modern workforce. Focusing on the advanced manufacturing; healthcare, and information technology sectors, the ApprenticeshipNH program provides workers with invaluable opportunities to pursue highly-skilled, high-paying jobs, and opportunities for employers seeking to build a qualified workforce in NH. The program is funded through a $1.2 million grant from the U.S. Department of Labor, Employment and Training Administration.

Gov. Sununu Launches Nationwide Recovery Friendly Workplace Initiative

Thursday, March 29th, 2018

Gov. Chris Sununu, before a packed audience last week that included recovery advocates, business leaders and state officials, announced the nationwide launch of his Recovery Friendly Workplace Initiative and an invitation to fellow governors to join in the movement.

“Recovery Friendly Workplaces are an opportunity for the governors across the country to help change the culture around addiction in their states by engaging employers in being a proactive part of the conversation,” Sununu said. “We can provide tools and resources to open access to treatment. Importantly, businesses increase productivity and profitability by promoting evidence based practices that reduce the health and safety consequences associated with unaddressed substance use in the workplace.”


For more information on the Recovery Friendly Workplace Initiative, visit www.recoveryfriendlyworkplace.com.


In calling on other states to join New Hampshire in this groundbreaking effort, interested states will have website domains, logos, and regulatory framework guidance provided to them. Rhode Island is the first state to join New Hampshire in creating a Recovery Friendly Workplace structure.

From the original launch on March 1, the list of early adopters has more than doubled in New Hampshire. Harvard Pilgrim HealthCare and the New Hampshire Hospital Association are a part of 16 additional companies who have signed on as early adopters, joining the 12 original organizations like the State of New Hampshire, Walmart and Turbocam. With these 28 early adopters, the total number of employees who work for a Recovery Friendly Workplace is about 26,000 people.

New Hampshire a Promising Market for Foreign Direct Investment, According to Plymouth State University Research

Wednesday, March 28th, 2018

Dr. Chen Wu, Plymouth State University

Foreign direct investment is present in all 10 New Hampshire counties, with more than 450 subsidiaries owned by 186 companies from 24 countries, according to research presented today by Plymouth State University.

The New Hampshire Foreign Direct Investment Report, the first of its kind analysis, was conducted by PSU professors Chen Wu, Ph.D., and Roxana Wright, DBA, with a goal to provide a complete picture of foreign business presence in New Hampshire, and analysis of the countries of origin of foreign subsidiaries represented across the state’s counties and industries.

Dr. Wu and Dr. Wright created innovative indices to help state policy-makers strategically allocate resources to attract FDI from various countries, and to estimate the New Hampshire jobs that could potentially be created by companies headquartered in other countries.


View the New Hampshire Foreign Direct Investment Report here.


“Plymouth State University’s comprehensive analysis of foreign direct investment in New Hampshire is substantial and important,” said Taylor Caswell, Commissioner, Department of Business and Economic Affairs. “This work will be highly useful as part of our department’s growing concentration on key geographic areas and sector emphasis as we refocus New Hampshire’s international commerce activities. The relationship between BEA and our state’s innovative academic centers is crucial to the advancement of our economy. The work that went into this report and the action that it will inevitably lead to is an excellent example of New Hampshire’s competitive edge.”

According to Dr. Wu and Dr. Wright, East Asia (Japan, Korea, and China), Australia and the Middle East show the possibility of strong FDI growth for New Hampshire. However, the Report’s FDI Origin Index shows that European and Canadian companies lead all others in current and potential FDI in New Hampshire. European countries such as Germany, Switzerland, France, Italy and the Netherlands show strong desire to invest here.

“Today’s report is a shining example of why public universities exist and is at the heart of our commitment to this region, all New Hampshire residents and the entire state of New Hampshire,” said Donald L. Birx, Ph.D., President, Plymouth State University.  “This report highlights the kind of work our faculty and students do every day, important, cutting-edge research that provides businesses, residents and government entities insight into challenges and opportunities that can increase business, job opportunities and spur economic growth.”

… And the Winner is … ! Announcing the Winners of the 4th Annual What’s So Cool About Manufacturing? Video Contest

Thursday, March 22nd, 2018

 

For the second year in a row, a team from the Londonderry Middle School won the annual What’s So Cool About Manufacturing? video contest and the $1,000 top prize.

The contest, coordinated by the New Hampshire Division of Economic Development and the New Hampshire Manufacturing Extension Partnership, pairs middle school students with local manufacturers for a look into the manufacturing process. Sponsors are BAE Systems and Hitchiner Manufacturing.

Gov. Chris Sununu announced the winning teams via video on Thursday morning.

“Advanced manufacturing is an important driver of our economy and it’s important for students to know what 21st century manufacturing looks like in New Hampshire,” Sununu said. “Over the past four years, the What’s So Cool About Manufacturing? video contest has introduced scores of middle school students around the state to the opportunities there are right here.”

The Londonderry team worked with BirdsEyeView Aerobotics of Andover to produce its video. Second place South Meadow School in Peterborough worked with Vicuña Chocolate; Winnisquam Regional Middle School in Tilton paired with Freudenberg NOK for its video and Kingswood Regional Middle School in Wolfeboro partnered with Crystal Geyser.

“New Hampshire’s economy is booming and advanced manufacturing contributes greatly to that,” said Commissioner Taylor Caswell of the Department of Business and Economic Affairs. “As the growth of this industry continues, we need to be sure students know that manufacturing offers them a rewarding career path.”

Gov. Sununu’s announcement and the winning videos can be seen on the Division of Economic Development’s 2018 What’s So Cool About Manufacturing? video contest YouTube channel.

 

Living Longer, Working Longer, Retiring Later and Other Trends for 50+ Workers

Wednesday, March 21st, 2018

Ken Cail, left; Will Arvelo; Todd Fahey

Talk to just about any business across New Hampshire and we hear about workforce challenges.

On the latest edition of our monthly radio show, New Hampshire Business Matters, Division of Economic Development Director Will Arvelo talks with Todd Fahey, state director of AARP New Hampshire about older workers and what they bring to today’s workforce.


Tune into NH Business Matters at 2:05 pm on the third Wednesday of the month on WTPL – 107.7FM


The trend, he says, is that people are living longer, working longer, retiring later and still have a lot to offer to companies.

Tune in to this timely discussion.

New Hampshire: Land of Economic Opportunity for the Second Year

Tuesday, February 27th, 2018

New Hampshire leads the Northeast for economic opportunity.

For the second year in a row, New Hampshire landed in the top five ranking of U.S. News and World Report’s Best States, leading the Northeast in a comprehensive review of economic and social criteria.

“New Hampshire is among the best states in the nation to live, work and raise a family,” said Governor Chris Sununu. “Our State’s #1 ranking for opportunity is something that all Granite Staters can be particularly proud of today. We will never stop emphasizing that New Hampshire is open for business, open for workers, and open for opportunity.”


The full report is available at usnews.com.


The Granite State also led the nation in economic opportunity for the second straight year, a category that looks at median income, poverty rates and other factors. The state also got high marks in multiple categories: Low crime rate (#1); educational attainment (#3); low unemployment rate (#3); quality of life (#4); patent creation (#6) and low tax burden (#7).

“New Hampshire consistently performs well in these comprehensive rankings because it offers the best combination of financial opportunity, education, and quality of life,” said Taylor Caswell, commissioner of the Department of Business and Economic Affairs. “More importantly than rankings, we see it on the ground: New Hampshire’s businesses are expanding, communities are investing.”

 

 

 

Northern Border Regional Commission Applications Available

Thursday, February 22nd, 2018

Applications are now available for the next round of Northern Border Regional Commission grants.

Applications are now available for the next round of grants available from the Northern Border Regional Commission for projects strengthening infrastructure and promoting economic development in four rural New Hampshire counties.


Information sessions will be held from 1 – 3 pm, March 6 at the Enterprise Center at Plymouth, 1 Bridge St., Plymouth. The deadline for submitting applications is May 11.


The commission, created by Congress 10 years ago, provides funding for projects in 36 rural counties across northern New York, Vermont, New Hampshire and Maine. In New Hampshire, agencies and organizations in Carroll, Coos, Grafton and Sullivan Counties can apply.

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 2017, the NRBC awarded 13 grants in New Hampshire, totaling over $2.2 million to projects in Bethlehem, Claremont, Colebrook, Conway, Cornish, Lancaster, Littleton, Lyme, Rumney, Wolfeboro and Whitefield.

For more information about applying for the grant program, 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/.