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

Archive for the ‘NH Business Matters’ Category

The Code was with Them: Thousands of NH Students Take Part in Coding Competition

Thursday, December 21st, 2017

Snapshots of the first-ever coding competition in New Hampshire

 

Under the banner, May the Code Be with You, the New Hampshire Cyber Robotics Coding Competition 2017 showcased the coding skills of thousands of students from all over the Granite State.

Using the networks and established relationships of the Division of Economic Development to help connect businesses with state agencies and community partners is one of the roles of our agency. So when the opportunity to connect Intelitek, a company with which we have worked, and the state Department of Education, we jumped at it.

From there,  they formed a partnership to strengthen STEM education within our schools, which led to New Hampshire’s first-ever coding competition, leading up to the finals on Dec. 19 at Pinkerton Academy.

This was an exciting conclusion to six weeks of coding challenges, which drew over 40 middle and high schools; 100 teachers, and more than 2,600 students. Finalists, representing 16 schools, made their way to the top of the leader board and attended the 2017 NH Cyber Robotics Coding Competition.

We join Intelitek, the Department of Education, Oracle Academy,  and CTE Education Foundation ISCEF in congratulating the teachers, mentors, parents and students participating in the competition. Together, they are inspiring students about an important aspect of STEM education and getting them to think about pursuing a STEM career.

 

Jimmie Hinson
Business Resource Specialist
Division of Economic Development

Job Training Fund Grants Will Enhance Skills for 800 NH Workers

Thursday, December 21st, 2017

New Hampshire employers will receive much-needed investments in workforce skills training as a result of grants announced by the New Hampshire Department of Business and Economic Affairs.

The public-private Job Training Fund investments will result in over $400,000 to be used for skills enhancement training for over 800 New Hampshire workers.

Taylor Caswell, commissioner of the Department of Business and Economic Affairs, said the grants signify new efforts, coupled with smart investments, to engage businesses in education and training to enhance workforce development in New Hampshire.

Employers, he said, are aware of the state’s workforce challenges and responding by increasing their investment in skills training.


“While we are certainly happy with the state’s low unemployment rate, it also means we need to have useful strategies to attract new talent and train our current workforce,” he said. “The Job Training Fund is a great example of the types of public/private partnership we are developing and we know work best for New Hampshire.  These efforts include high growth sector-based initiatives, apprenticeships, and On-The-Job training. All awards under the Job Training Fund are matched by the employer, which makes this program a true public-private partnership in New Hampshire and gets everyone a great bang for the buck.”


Caswell also noted that this year’s demand for training programs is approximately twice that of last year.

“Our employers need this program, and I think it’s fair to say based on the demand, it’s working,” he said.

Grants were awarded to:

  • D. Bean & Sons Co., of Jaffrey;  $1,940 to train 10 employees in intermediate and advanced Quickbooks, and intermediate/ddvanced Microsoft Excel, at Nashua Community College;
  • L. King & Associates of Nashua; $982.50 for one employee to obtain a construction superintendent certification from the New Hampshire/Vermont Association of Builders and Contractors;
  • WH Bagshaw of Nashua; $1,500 to train 10 employees in GDT/blueprint reading at Nashua Community College;
  • Benchmark Senior Living LLC, with five facilities in New Hampshire; $46,900 for 45 workers to receive LNA training from LNA Health Careers; medication nursing assistant training from Manchester Community College, and training in quality service, quality excellence and business excellence from the Disney Institute;
  • Northeast Delta Dental of Concord, $7,500; Red River Computer Co., of Claremont, $7,500, and Mascoma Bank, $9,750, for training a total of  10 employees in the University of New Hampshire’s New Level Leadership Consortium Program.
  • Vapotherm Inc., of Exeter; $60,000 for training 100 employees at Nashua Community College in Lean Process Improvement; injection molding; quality-risk project management; customer service, and management and leadership practices;
  • Lindt & Sprungli USA of Stratham;  $65,950 for 626 workers to participate in the Train the Trainer program and English as a Second Language, both at Great Bay Community College; the mechanics training program at Scientific Management Technologies; Ametrol eLearning with Technical Education Products Inc., and power lift training by Safe Lifting Techniques.

For more information about the New Hampshire Job Training Fund, visit nhjobtrainingfund.org.

 

Allegro MicroSystems Announces Expansion, Investment in Manchester

Wednesday, December 20th, 2017

Leading Semiconductor Company To Expand In Manchester

Allegro MicroSystems, LLC, a leader in developing high-performance power and sensor semiconductors, broke ground on a 15,000-square foot expansion at its Manchester facility on Dec. 19.

The building expansion will support Allegro’s ongoing growth and investment in research and development, as well as reinforce the location as the company’s center of strategic business development.

“Allegro will continue to strengthen its investment in its technical talent and focus on high growth technological segments,” said Allegro President and Chief Executive Officer, Ravi Vig.


“Our ability to attract and retain skilled, high-tech talent to our Manchester facility will allow us to further invest in this prime location.”


Allegro’s facility is conveniently located minutes from the Manchester-Boston Regional Airport; close to leading New Hampshire and Massachusetts research universities, and within a one hour of the Seacoast, mountains, lakes, and urban environments like downtown Manchester and Boston, making it an attractive location for existing and prospective employees.

Allegro’s focus on advanced technology, product line expansion and innovation fits well with the business platform provided in New Hampshire.

“The Governor and I are fully committed to working with local companies to help them grow their business and attract talent,” said Taylor Caswell, commissioner of the Department of Business and Economic Affairs. “We are pleased that Allegro has chosen to invest in the Manchester area, and we look forward to their employees enjoying the revitalized mill yards, SNHU Arena, and other benefits of downtown.”

Allegro’s building expansion was designed by Margulies Perruzzi Architects and is being built by Hutter Construction Corp., with completion planned for next summer. Allegro will employ abut 400 people at its Manchester site, many of them engineers.

New Hampshire Maintains Fastest Growing Economy in New England

Wednesday, November 22nd, 2017

National data released this week confirmed New Hampshire’s economy has surged ahead of the rest of New England.

With the third-largest economy in the region, New Hampshire’s economic activity expanded by 2.9 percent between Q1 and Q2, ahead of the other five New England states, according to data from the U.S. Commerce Department’s Bureau of Economic Analysis. In comparison, Massachusetts, the region’s largest economy, grew by 2.0 percent.

New Hampshire’s economic growth even surpassed other Northeastern states, like New York and Connecticut, which experienced a 1.2 and 1.4 percent change in real GDP respectively.


The Granite State’s economy expanded by 2.9 percent from Q1 to Q2 of 2017


“Through a combination of deliberate strategies around workforce development, corporate tax rate reductions, infrastructure investments, regulatory reform, and deeper statewide collaboration, this data shows our efforts are paying off,” said Taylor Caswell, commissioner of the New Hampshire Department of Business and Economic Affairs. “This most recent data from the Commerce Department, combined with New Hampshire maintaining the highest median income and lowest poverty rate of any state in the U.S., confirms New Hampshire as a major national competitor for business development and expansion.”

The latest data this quarter is consistent with the upward trend since 2011, which shows that through 2016, the New Hampshire economy grew in real terms by 8.10 percent, at a compound annual growth rate of 1.57 percent per year.

The largest real GDP growth in 2016 came from finance, insurance, real estate and leasing, accounting for 24.2 percent of the GDP and 2.5 percent real growth. Professional and business services accounted for 11.9 percent of the GDP, with 1.6 percent real growth.

Located within the Boston metro, southern New Hampshire is 10 minutes from Manchester Boston Regional Airport; 50 minutes from Boston Logan International Airport, and within 30 miles of 1.7 million people.

The Department of Business and Economic Affairs is dedicated to enhancing the economic vitality of the State of New Hampshire and promoting it as a destination for domestic and international visitors.

 

 

 

New Hampshire Business Matters with John Duff, NH School of Mechanical Trades

Thursday, November 16th, 2017

Chris Way, Division of Economic Development and John Duff, NH School of Mechanical Trades

With high demand for quality and education programs for tradesmen, the New Hampshire School of Mechanical Trades is preparing to open its second location next spring on the Seacoast.


Tune in to this month’s edition of New Hampshire Business Matters and learn more about the New Hampshire School of Mechanical Trades.


The first school opened five years ago in Manchester and between 2015 and 2016, enrollment jumped from 607 to 956.

On this month’s New Hampshire Business Matters radio show (airs every third Wednesday of the month on WTPL-FM107.7), John Huff talks about the school, its growth and the demand there is for tradesmen.

New Hampshire Winter Forecast: Blizzard of Visitors, Spending

Tuesday, November 14th, 2017

New Hampshire’s Limitless Winter gets started at the Boston.com Ski & Snowboard Expo.

The New Hampshire Division of Travel and Tourism Development expects 8.5 million people to spend an estimated $1.25 billion in the Granite State this winter, projecting 4 percent increases in both visitation and spending over last winter.


Stay connected with New Hampshire tourism on Facebook, Twitter, Instagram, Pinterest and YouTube, and follow the #LiveFreeNH tag to see what other people are saying about a Limitless Winter in New Hampshire.


At a media reception Nov. 10, prior to the Boston.com Ski & Snowboard Expo, DTTD unveiled its winter marketing campaign,position  New Hampshire as the premier wintertime destination in the Northeast.

“Offering limitless opportunities within close proximity, New Hampshire is the leading destination for wintertime outdoor recreation in the Northeast,” said Victoria Cimino, director of DTTD. “With the division’s strategic and nationally-recognized innovative marketing initiatives, paired with favorable economic factors, we are confident New Hampshire’s tourism-focused businesses and attractions will experience a strong winter season this year.”

 

Executive Council Confirms Will Arvelo as Director of Economic Development

Thursday, November 9th, 2017

Will Arvelo

The Executive Council on Wednesday unanimously confirmed Will Arvelo as the next director of the Division of Economic Development.

“Will Arvelo’s unanimous confirmation today to lead the Division of Economic Development is great news for New Hampshire,” said Governor Chris Sununu. “From his steadfast leadership at Great Bay Community College to his impressive community resume, there is no better choice to lead New Hampshire’s Division of Economic Development than Will Arvelo. Will’s enthusiasm and passion for the Granite State is evident, and I am confident that he will continue to ensure that New Hampshire remains the best place to live, work, and raise a family.”

Arvelo is president of Great Bay Community College, a position he has held for 11 years. He is credited with guiding the college through a period of growth, which included moving the college from Stratham to the Pease International Tradeport and development of the Advanced Technology & Academic Center in Rochester.

“At a time when workforce development and talent attraction are the most crucial needs of our expanding economy, having someone with Will’s experience will be a game changer,” said Commissioner Taylor Caswell of the Department of Business and Economic Affairs. “This new department now has a leadership team in place to dramatically enhance our ability to work with New Hampshire’s communities and businesses to meet their needs and continue to advance a sustainable economy that is accessible for all Granite Staters.”

The Division of Economic Development and the Division of Travel and Tourism Development are part of the Department of Business and Economic Affairs, established by the Legislature July 1.

Proposed Whitewater Park Poised to Transform Franklin Economy

Wednesday, November 8th, 2017

The old adage says that “a rising tide floats all boats.”

In the City of Franklin, it is more apt to say “whitewater floats a new economy.”

This week, community members gathered alongside the Winnipesaukee River downtown to celebrate a project described as “transformative” for this former mill city, as two significant grants push the Mill City Park closer to reality.

The project received a $180,000 grant from the U.S. Economic Development Administration and Franklin Savings Bank is donating $250,000.

There are about 280 whitewater parks across the country, but this one will be the first in New England. More than that, says developer Marty Parichand, it is a catalyst that for boosting the city’s economy, generating $6.8 million of direct spending in the region.

The river runs through the heart of downtown, which once fed mills turning out wool cloth, hacksaws and hosiery. Thrill seekers will head to the city to run the Class II, III and IV whitewater and entrepreneurs can catch the wave of the new economy on the rise.

Projects like Mill City Park, Commissioner Taylor Caswell, of the Department of Business and Economic Affairs, told those gathered in Trestle View Park, will draw more than visitors; it will draw visitors who turn into residents, drawn by the lifestyle and the opportunities in the Granite State.

“One of the biggest things for me is to be able to emphasize the fact that in New Hampshire, we have a community; we have recreation and we have quality of life for everybody,” he said. “In the big picture, it is absolutely crucial what you’re doing, not just for your community, but for the state as a whole, because that is what we are doing every day — telling the story of New Hampshire; telling the story of the quality of life and telling everyone how great it is here. This is one more piece we can put in our toolbox.”

Lorna Colquhoun
Communications Director
NH Division of Economic Development

Trends Present Opportunity for New Hampshire’s Aero/Defense Sectors

Wednesday, November 1st, 2017

Through a federal grant from the State Trade Expansion Program, the Office of International Commerce and its partner at the U.S. Department of Commerce/U.S. Commercial Service sponsored a booth at the Defense and Security Equipment International trade show in September. Michael Polizzotti, an intern with OIC this semester, offers a perspective on the importance of international trade shows.

New Hampshire’s aerospace and defense sector had great visibility at a recent international trade show.

When we went to London to showcase New Hampshire’s capabilities and prowess in the world of aerospace and defense, we expected our conversations to be two-fold: Describing where, exactly, we are located in the world and what we have to offer a growing industry around the world.

Over the course of our participation in the Defense and Security Equipment International trade show, we were pleasantly surprised by people drawn to our booth to reminisce about their visits to New Hampshire, as they were surprised to learn that our state is such a hub of innovation.

At DSEI, we were joined by our partners from US Commercial Service and the New Hampshire Aerospace and Defense Export Consortium, as well as four companies – AQYR of Hollis; Corfin Industries of Salem; Brazonics of Hampton, and Crusade Group of Manchester. We were among 1,500 vendors at the show, which drew more than 18,000 people, giving us high visibility.

Having a presence at this show is important for these sectors. With aerospace and defense spending increasing in the United States and around the world, New Hampshire is poised to meet the demands of the global marketplace and OIC, and its partner, the New Hampshire Aerospace and Defense Export Consortium, is at the forefront to represent the state and regional businesses as innovative manufacturers and exporters.

NHADEC, a consortium of state and regionally-based aerospace and defense businesses, focuses on fostering opportune foreign markets for its members, through collaboration and global brand messaging. Members range from large scale manufactures, like BAE Systems and GE Aviation, to smaller tier companies.

There are many reasons for the global spending increases. NATO nations, including Poland, Portugal, Greece and others, are increasing their defense budgets. Defense spending is also on the rise in the Middle East and Asia, where military expenditures are projected between 4 percent and 6 percent. The Middle East and Asia-Pacific are driving commercial aerospace  growth.

These trends present a great opportunity for New Hampshire.

Here’s why: About 60,000 aerospace and defense related jobs, at over 350 companies across the state, are filled by highly skilled workers. Many of these companies are NHADEC members working to increase the efficiency and competitiveness of the growing aerospace and defense industry.

We can already see that growth. About 9 percent of New Hampshire’s manufacturing GDP is from aerospace and defense. Projections by the Aerospace Industries Association are for 3.8 percent, five-year employment growth in the sector. It also notes that New Hampshire has seen one of the largest percentage increases in dollar growth in the United States’ aerospace and defense industry.

The hard work of the state, NHADEC and its members over the past few years has heightened the Granite State as an aerospace and defense hub of innovation. We look forward to further solidifying the state as a place where innovation and manufacturing technology help to explore the depths of the sea and far reaches of space.

Michael Polizzotti
Office of International Commerce

 

New Hampshire Pitches Amazon for HQ2

Wednesday, November 1st, 2017

Governor Chris Sununu joined Business and Economic Affairs Commissioner Taylor Caswell, Londonderry Town Manager Kevin Smith and Londonderry Town Council Chairman Tom Dolan on Oct. 18 to release New Hampshire’s response to Amazon’s Request for Proposal to locate its second North American headquarters in Londonderry.


Read New Hampshire’s pitch for Amazon’s HQ2 here.


The announcement comes after a rigorous effort by state officials and business leaders to grow New Hampshire’s economy and workforce by recruiting Amazon’s HQ2.

New Hampshire Gov. Chris Sununu pitches for Amazon HQ2 this morning.

“As part of the regional metro-Boston area, southern New Hampshire offers all the benefits typically associated with major metro areas yet maintains the advantages of being in a truly enterprise-friendly state: access to a world-class workforce, a pro-business, low-tax environment, and a streamlined regulatory environment,” said Governor Sununu. “By embracing a joint venture with the State of New Hampshire, Amazon stands to gain a partner that believes the customer comes first.”

“New Hampshire’s proposal to Amazon uses all the existing advantages that all employers already enjoy – no sales or income tax, a paid-for interstate highway expansion and a dedicated exit, unmatched quality of life, and a site on that highway that is ready to go today.  It’s all already here,” said Commissioner Caswell. “Our response provides detail on all the benefits that come with being a part of the vibrant New Hampshire business community. We look forward to Amazon becoming part of that community.”

Kevin Smith, Londonderry Town Manager added, “As we like to say in Londonderry, ‘Business is Good. Life is Better.’ Should Amazon decide to locate its second headquarters in Londonderry, you will discover as many others have, that our saying is not merely a slogan, it’s a way of life. We value the business community we have in town and we’ve worked hard to foster an atmosphere that welcomes development and encourages entrepreneurship.”