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

Posts Tagged ‘Commissioner Taylor Caswell’

Commissioner Caswell’s Statement on South Dakota v. Wayfair U.S. Supreme Court Decision

Thursday, June 21st, 2018

Commissioner Taylor Caswell’s statement on the South Dakota v. Wayfair decision handed down by the U.S. Supreme Court.

“The Wayfair decision handed down today by the United States Supreme Court tells New Hampshire businesses that they now must collect taxes for politicians in other states that they did not elect. This is unacceptable.

“New Hampshire businesses have never, ever, collected a sales tax and New Hampshire residents have never, ever, paid an income tax.  Imposing this new requirement on us isn’t just an administrative burden, it goes against what New Hampshire stands for:  Live Free or Die.

“The thousands of small businesses that drive our economy must not be forced to become tax collectors for other states. I am working with state leaders to determine a path forward aimed at defending New Hampshire’s business community from this modern-day taxation without representation scheme.”

Taylor Caswell
Commissioner
NH Department of Business and Economic Affairs

A New Approach to Economic Development in New Hampshire

Wednesday, June 20th, 2018

Commissioner Taylor Caswell 

Last year, Governor Sununu proposed the division of the Department of Resources and Economic Development, creating the Department of Business and Economic Affairs. Since its approval by the Legislature, this new agency has been a catalyst for increasing opportunities for New Hampshire to modernize and vastly improve the focus and practice of how we do economic development.

This couldn’t have happened at a better time. The practice of economic development has changed drastically over the past decade.  States and cities are moving away from the longstanding focus on government-run business recruitment and standard worker ‘unemployment training’ programs that gave little thought to what might come next for those workers.

What does this mean for New Hampshire?

It means we can hone in on the needs of our businesses here first, and leverage our business community with our state’s regional strengths to develop a compelling case for new businesses to come here.

It means we build new, more innovative strategies to recruit talent to our state.

It means connecting education and training directly to employers and jobs.

It means a new, more aggressive entry into the global marketplace to find opportunity for our small businesses seeking new markets.

It means refreshed, meaningful relationships with our state’s incredible network of public and private academic institutions, linking them with state policymakers and business leaders statewide.

It means working to update and increase the predictability of the state’s regulatory environment and use our small and agile government as a true advantage.

It means constructing new partnerships and collaborations across a broad universe of stakeholders to focus on building communities where people want to live and work and telling that story effectively and to as many people outside the state as we can.

New Hampshire’s economy is growing fast. Companies are expanding or moving here, and people are working.  In fact, in 2017, New Hampshire’s economy was the second fastest growing economy in the nation and our unemployment rate remains low.

My goal is to build this new system and create an economy that is resilient, vibrant, collaborative, intentional, and protects what we love best about New Hampshire.

The new Department of Business and Economic Affairs has the tools it needs to get there. We have the widely-respected Division of Travel & Tourism Development, which has a marketing team that is among the best in the nation and stokes the engine of New Hampshire’s crucial hospitality economy.  In 2017, its work helped generate 2.23 million visitor trips to New Hampshire, which yielded $5.5 billion in spending, maintaining 48,000 jobs, and generating $269 million in tax revenue for the state.

Our Division of Economic Development helps businesses connect to, and fund, job training; works with existing and new business leaders to finance and expand their economic footprint; guides companies seeking to access global markets or win government contracts, and helps drive our entrepreneurial economy.  Its work has direct impact on the profitability of our state’s employers and creates value for the state and residents.

The combined teams are creating new stakeholder collaborations, integrating marketing efforts and strategies, and working hard to establish New Hampshire as a leader in holistic, collaborative state economic development.

I look forward to working with you.

Taylor Caswell
Commissioner
New Hampshire Department of Business and Economic Affairs

Regenerative Manufacturing in Manchester Ready to Change the World

Monday, June 4th, 2018

Business and Economic Affairs Commissioner Taylor Caswell

When Governor Sununu signed SB 564 into law last week, he set New Hampshire on course to becoming the global hub for regenerative manufacturing.

The science behind creating new tissue and organs, and manufacturing them commercially, may sound like something from the 22nd century, but that technology is already happening at the Advanced Regenerative Manufacturing Institute in the Manchester Millyard.

The potential impact on New Hampshire economy, the healthcare industry, and people’s lives across the planet is nothing short of colossal.

Scientists, visionaries and legislators came together in Manchester this week for the signing of this bill because it is that important to our 21st century economy. This new law exempts for 10 years qualified companies locating their regenerative manufacturing business in New Hampshire from state corporate taxes. It also establishes a $5 million student loan forgiveness program for those people who come here to work in and grow this amazing industry. After five years, the state will pay for their student loans.


These are significant new tools that truly illustrate that New Hampshire is open for business. This legislation will help us recruit to our state, and retain, both businesses and the skilled workforce they need to grow and further evolve this science.


I can’t think of a more appropriate place for regenerative manufacturing to start changing the world than Manchester’s Millyard. A century ago, these very same buildings housed the largest and most technologically advanced textile mills on the planet. And now, here in 2018, these mills are on the precipice of once again being a globally critical manufacturing hub.

We’ve been here before. We can do it again.

Taylor Caswell
Commissioner
NH Business and Economic Affairs

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