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Archive for the ‘NH Business Matters’ Category

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.

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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/.

Webinars Explore Logistics of Doing Business in Canada and Latest Information on BREXIT

Thursday, February 22nd, 2018

Canada’s proximity to the Granite State makes it New Hampshire’s largest trading partner.

Canada is the largest single export market for the United States and highly receptive to U.S. goods and services. Proximity affords U.S. firms with a significant advantage to selling in this market.

Are you maximizing your opportunity? Whether you currently export to Canada or are new to exporting, the importance of developing a strategic approach to this market is critical to your success.


Sending Temporary Workers to Canada from the United States
Tuesday, April 10
1-2 pm (EST)
$25 (USD)
Register here.


This webinar series, hosted by US Commercial Service, is designed to help businesses strengthen the skills necessary to do business effectively in Canada and is beneficial to U.S. companies, such as architects, engineers, technicians and installers. It will cover the process for temporary travel to Canada for  after-sales warranty repairs; business development, and trade show participation.

Some of the questions that will be addressed include:

• What is Canada’s Temporary Foreign Worker/International Mobility program?
• Do I need to have a work permit to do temporary work in Canada?
• Can temporary entry under NAFTA apply to my company?
• What documentation is required to send a temporary worker to Canada?
• Asking your own questions to the subject area expert.

The speaker will be Jacqueline Bonisteel, associate with Corporate Immigration Law Firm.

For more information, contact Tracey Ford, Commercial Specialist, +1 (613) 688-5406.


Implications of BREXIT for NH Exporters 

The official date for the United Kingdom to withdraw from the European Union is March 29, 2019 – a little more than one year from now. This is a major policy event that will have dramatic implications for New Hampshire exporters to Europe.

Negotiations with the EU as to the terms of the withdrawal are currently focused on the U.K.’s outstanding financial obligation to the EU; the post-Brexit status of the border between Northern Ireland and the Irish Republic; and the status of UK/EU citizens living across the post-Brexit borders.


U.S. Commercial Service webinar on BREXIT updates
Thursday, March 22
Noon – 1:30 pm EST
$50
Register here.


The two sides are seeking to conclude agreement on these initial three areas in December 2017, which would pave the way for subsequent negotiations on the post-Brexit trade relationship between the UK and EU. The UK Government has reached an uneasy internal political consensus that a transition period of up to two years will be required after March 2019 to fully implement the exit from the EU – a time period most observers view as insufficient.

In addition to the ongoing Brexit negotiations, the U.S. and the United Kingdom held the second meeting of the U.S. – UK Trade and Investment Working Group in London on November 13-14, to continue discussions on ways to ensure commercial continuity and strengthen two-way trade ahead of Britain’s March 2019 exit from the European Union. The working group is also laying the groundwork for a potential post-Brexit bilateral U.S.-UK free trade agreement.

Webinar Presenters:

  • John Simmons, Minister Counsellor for Commercial Affairs CS London
  • U.S. Mission to the European Union, Commercial Specialists Liliana Popescu (Standards); Isabelle Roccia (Digital Economy); Matthew Kopetski (Chemicals); Antonio Dai-Pra (Healthcare), and NOAA Fisheries Representative  Stephane Vrignaud.

For more information, contact: Anastasia.Xenias@trade.gov

 

Request for Proposals for New Hampshire Economic Development Plan

Friday, February 16th, 2018

The Department of Business and Economic Affairs on Feb. 15 issued a Request for Proposals for consulting services for the development of a statewide economic development plan.

The deadline for those proposals is 3 pm, April 2; deadline for questions is March 8.

The RFP materials are here.