New Hampshire exports are a vital part of our economy – $4 billion in 2015, supporting over 18,000 jobs in the Granite State.
In 2014, 2,734 businesses here exported their goods to markets overseas. Is it time for your business to go global?
Your go-to resource is the Office of International Commerce, which assists businesses with finding those markets and helping you navigate the process. Program Manager Tina Kasim and international trade officers Nathaniel Nelson and Rachel Adams (above) work with partners like US Commercial Services, the Small Business Administration and The Provident Bank to provide timely information and training seminars.
If the EEF program sounds familiar then that’s because it’s been around since 2014 assisting companies with international growth.
“Since its inception, New Hampshire companies have used the EEF over 60 times to support their international business development activities in over 20 markets,” said Tina Kasim, program manager of the New Hampshire Office of International Commerce. “We’re excited to see its continued growth through the partnership of The Provident Bank and we look forward to continuing our work with New Hampshire’s exporters to grow their international presence.”
Qualifying businesses can use EFF funds, via indirect grants, to take advantage of the many services provided by the U.S. Department of Commerce, U.S. Commercial Service. With these programs, businesses looking to expand their market reach overseas can use the funds to cover costs of due diligence on and even meeting with identified partners.
The EEF program is open to qualifying New Hampshire companies with 1,500 employees or less in their state’s location. Although the program aims to concentrate on manufacturing companies, services companies, including educational institutions, travel and tourism, engineering and other service companies, may also qualify.
We had a great year in 2016 and we have a hunch 2017 is going to be even greater!
We’ve put a recap together of some of our high points over the past year and invite you to check out the New Hampshire Economic Review 2016, which takes a look at how New Hampshire measures up with the rest of the country on key rankings important to our economy.
May you have a happy and prosperous New Year and we’ll see you in 2017!
Soldiers Park ~ North Woodstock ~~ Lorna Colquhoun/NHEconomy
The New Hampshire Division of Economic Development, with the Office of International Commerce and the NH Government Contracting Assistance Center, wish our friends, clients and partners a very happy holiday season!
The Dec. 6 launch of the NH Technology Talent Partnership. Commissioner Rose joined panelists from Dyn, Silvertech and Fidelity, as well as the NH High Technology Council and other stakeholders, for the first meeting of the partnership.
New Hampshire’s fast growing technology sector – including software development and programming and networking and professional services – took center stage Tuesday for the launch of the NH Technology Talent Partnership at Fidelity Investments in Merrimack. It’s the second of four sector partner initiatives launched since July.
Our technology workforce is made up of nearly 45,000 people in an industry projected to grow. For example, IT is expects to grow 11.6 percent over the next five years. These are well-paying jobs attracting talented employees.
But will that be enough?
The Technology Talent Partnership will bring together industry leaders, businesses, educators and state agencies to develop strategies to overcome the challenges – like declining enrollment in technology courses and a gender gap; meet the demands of the sector.
The 21st annual meeting of the New Hampshire Division of Economic Development is in the books and what a terrific day it was at the Grappone Center in Concord on Dec. 1.
A highlight every year is the presentation of awards to businesses selected by Department of Resources and Economic Development Commissioner Jeffrey Rose. The awards recognize the valuable contributions businesses and agencies make each year that keep our state economy strong and vibrant.
This year’s selections were:
Commissioner Jeffrey Rose recognized Methuen Construction for Excellence in Government Contracting at the annual meeting Dec. 1 of the Division of Economic Development. Accepting the award was Joe Barbone, company president and CEO. Methuen Construction, which recently opened a new facility in Plaistow, has worked with the New Hampshire Government Contracting Assistance Center for over five years, winning bids to do extensive work at the Portsmouth Naval Shipyard.
Rose presented the Teamwork award to Micheline Dufour and Matt Cookson of the NH High Technology Council, praising the council for its advocacy of the state’s growing hi tech scene and its leadership in the launch of the technology talent partnership to bolster the sector’s workforce.
Rose’s MVP award went to Bob Chapman. He praised Chapman for the work he is done in revitalizing the former paper mill sites in Groveton. Rose noted that Chapman recognized the value of the property and its value for future economic development in the region. Chapman’s hard work has paid off, with the expansion of St. Johnsbury, Vt. – based NSA Industries at the site.
Rose recognized Bittware of Concord for Excellence in Exporting. Accepting the award was Darren Taylor, senior vice president of marketing and sales. Bittware has worked with the Office of International Commerce to find new global markets. The company, which employs 35 people, designs and manufactures high-performance computer boards.
Joined by Jim Hinson, left, of NH Vocational Rehabilitation, Rose presented the Employment Leadership award to Karen Clough and Gisele Thibeault of Warwick Mills in New Ipswich. The Employment Leadership Award is presented each year to a New Hampshire business that recognize the skills and contributions that people with disabilities bring to the workforce and who have adopted inclusive policies and hiring practices that allow people with disabilities to fairly compete for employment.
Rose selected Jack Donovan of the NH Business Finance Authority for the Granite Growth Award; board member Jeff Hayes accepted for Donovan, who is retiring this month after 23 years. During his tenure, the NH BFA helped over 5,000 companies access more than $1.6 billion in credit for operations and expansions and business debt financing helped saved thousands of jobs. Rose noted the NH BFA worked with the division on notable expansions and relocations.
Cannon Mountain, located in Franconia Notch State Park, is owned and operated by the New Hampshire Division of Parks and Recreation.
Crews and contractors at Cannon Mountain are wrapping up a $5 million energy-efficiency and capital improvement project at the state-owned ski area.
Installation of more than 400 new and upgraded high-tech snowmaking guns on Cannon Mountain is expected to be completed in time for ski season.
The most significant upgrade to Cannon’s snowmaking system in the history of the ski area, this new arsenal of guns will enable the ski area to make more snow and save up to 30 percent on energy costs.
The energy-efficiency initiative also involved installation of a new main trunk power line, upgrades to transformers, as well as insulation and lighting improvements to lodges and facilities.
“The new guns are so efficient, we were able to use most of our available water while only using one of our compressors,” said John DeVivo, Cannon’s general manager. “The snowmakers were almost jumping for joy at the amount of snow we were able to make in marginal temperatures for just a short period of time.”
Along with the energy savings, the Mittersill improvement project is expected to be completed this month. The project used money raised by Franconia Ski Club and donated to Cannon Mountain, the state of New Hampshire and a grant from the Northern Border Regional Commission to fund the installation of snowmaking on six major routes on Cannon’s Mittersill slopes. The project also involved significant trail improvements, the creation of the Taft Training Slope and the installation of the Valar T-Bar.
Dr. Roxana Wright , Dr. Chen Wu ~ Plymouth State University
New Hampshire companies looking for new business suppliers and international partnerships, as well as companies aiming to understand their contribution to the state economy, will be interested in a new globalization study underway at Plymouth State University, in collaboration with the New Hampshire Department of Resources and Economic Development.
We have created the project New Hampshire Economic Globalization Report: Contributions and Opportunities for the Local Economy, which will use data on international trade transactions and direct investment from foreign companies to map the distribution of foreign direct investments (FDI) and international trade within the state and across counties. This information will enable us to explore the impact FDI and trade flows have on the economy across counties and industries, and the performance of domestic and foreign subsidiaries.
This study is important because it provides valuable information that can help shape state policy and assist exporters and importers in identifying markets. This study includes a survey, in which we encourage business owners and executives to participate.
Encouraging globalization is good for the New Hampshire economy, as 43,400 people were employed by 456 foreign subsidiaries, and trade supported 183,900 (or 22 percent of) New Hampshire jobs in 2014. The importance of these investigations is far reaching in terms of state policy, such as serving the needs of New Hampshire exporters and stimulating trade and FDI as a means for economic development, income growth and improving our business climate.
The analysis will result in measurement and prediction of contributions that FDI and trade bring to the local economies in terms of employment, investment promotion, exports facilitation, labor conditions, technology/know-how spillovers and social welfare. This FDI mapping is meaningful to policy makers who intend to support the development of certain locations/counties or of particular industries and provides key information to foreign companies looking to establish operations in New Hampshire.
We highly appreciate your participation in the survey. Should you have any question about the survey, please contact Dr. Chen Wu at or Dr. Roxana Wright.
The New Hampshire winter forecast calls more visitors and more spending, according to the New Hampshire Division of Travel and Tourism Development.
During the months of December, January and February, DTTD projects 8.2 million people, 6 percent more than last year, will spend $1.2 billion, up 5 percent from last winter.
The announcement was made last weekend at the Boston.com Ski and Snowboard Expo, where visitors noticed New Hampshire’s expanded presence differentiating the state’s ski and snowboarding experiences from regional and global competitors.
To drive continued visitation with key target audiences throughout the winter season, DTTD is highlighting the activities and backdrops available throughout New Hampshire, on the slopes and off, through a variety of media and with an emphasis on digital media.
“With so much to do in such close proximity, New Hampshire is the center of winter outdoor recreation in the Northeast,” said Victoria Cimino, director of DTTD. “With positive economic factors in place, coupled with the division’s strategic and innovative marketing initiatives, we fully expect New Hampshire’s travel-related businesses and attractions to experience a strong winter season.”
For more information about winter activities in New Hampshire, click over to www.VisitNH.gov