Posts Tagged ‘Business & Industry Association of NH’
Wednesday, September 28th, 2011
Manufacturing matters, and if you aren’t willing to take my word for it, just check out the numbers – Economic impact models suggest that the creation of 100 new manufacturing jobs in New Hampshire will create as many as 138 additional jobs in the rest of the state economy, add $11 million in earnings, $18 million in Gross Domestic Product (GDP), and generate $1.2 million in state and local tax revenue.
 Further, while Smart Manufacturing/High Technology (SMHT) companies represent eight percent of the companies paying the state’s Business Profits and Business Enterprise taxes, those same companies accounted for 23 percent of the total business tax revenue in FY2008, the highest of any industrial sector.
There’s no doubt that manufacturing is the number one industry in the state and the creator of well paying, sustainable jobs with an upward career trajectory. In order to shine a positive light on the sector, the New Hampshire Division of Economic Development, USDA Rural Development and WTPL 107.7 FM (102.3 FM and 94.3 FM as well – if you’re chained to your desk, you can also access the live stream at www.wtplfm.com) are partnering to present “Manufacturing Matters,” a new monthly radio segment that will debut today at 3:05 p.m.
“New Hampshire Today” show host Jack Heath will be joined by New Hampshire Division of Economic Development Interim Director Chris Way and a guest representing the best and brightest of the manufacturing sector. Today’s guest will be Dennis Delay, economist with the New Hampshire Center for Public Policy Studies. In addition to being an economist at the Center, Dennis is also New Hampshire State Forecast Manager for the New England Economic Partnership, a non-profit association of economists that have monitored and forecast regional economic trends for more than three decades.
Dennis is the author of a report sponsored by the Business and Industry Association of New Hampshire (BIA), in collaboration with the New Hampshire High Technology Council (NHHTC) and several BIA members that highlighted the importance of manufacturing to the state. Among the findings:
*The SMHT sector, which includes 3,700 companies in New Hampshire employing almost 80,000 people, paid out $6.4 billion in wages and benefits, making it the largest single sector of New Hampshire’s economy (19 percent). The next largest sector is government and government enterprises (15 percent), followed by healthcare and social assistance (14 percent).
*Paying an average wage of $1,200 per week, which is 40 percent higher than the average weekly wage for all private sector employees working in New Hampshire, SMHT companies account for 9 percent of New Hampshire’s private sector employers, but they employ more than 15 percent of New Hampshire’s private sector workers.
*SMHT has been one of the hardest hit sectors in the most recent recession. But while the sector is changing in character, wages and benefits continue to grow. Wages and benefits paid by SMHT companies in the state increased from $3.7 billion in 1990 to $6.4 billion in 2009, even as the number of manufacturing jobs in New Hampshire declined. Manufacturers in the state now produce more industrial output, but with fewer employees, than they did twenty years ago.
To learn more about the state’s number one industry, be sure to listen to “Manufacturing Matters” today at 3:05 p.m.!!!
– Steve Boucher, Communications & Legislative Director
Tags: Business & Industry Association of NH, Chris Way, Dennis Delay, Jack Heath, New England Economic Partnership, New Hampshire Division of Economic Development, New Hampshire High Technology Council, NH Center for Public Policy Studies, WTPL
Posted in NH Business Matters | Comments Off on “Manufacturing Matters” Inaugural Radio Segment Scheduled for Today
Tuesday, May 3rd, 2011
FairPoint Communications will be hosting training sessions on the economic development modeling tool it sponsors to assist economic development and planning professionals in forecasting regional growth.
 The model has been used and recommended by economic development professionals throughout the state, including the New Hampshire Center for Public Policy in studies commissioned by the Business and Industry Association.
The Connect NNE Economic Scenario Model™ is a FairPoint-sponsored Microsoft Office Excel-based software tool created to provide information on existing economic conditions and estimate potential impacts of new development and job creation scenarios in New Hampshire and across northern New England. The model allows users to estimate impact on jobs, earnings, output and gross domestic product (GDP) resulting from changing a region’s economic focus.
The model was launched at a press conference held at the State of New Hampshire Legislative Office Building in Concord last November. Joining FairPoint State President Teresa Rosenberger were Commissioners George Bald of the New Hampshire Department of Resources and Economic Development, Tara Reardon, NH Employment Security, George Copadis, Department of Labor and Liz Gray, Governor Lynch’s Special Assistant for Policy. Training has been conducted in the following communities since the launch: Berlin, Concord, Conway, Keene, Laconia, Manchester, Nashua and Portsmouth.
“We have heard from economic development leaders that they are looking for tools to help them understand influences on the local economies,” said Teresa Rosenberger, state president for FairPoint in New Hampshire. “This software tool provides local communities with quantitative data to support economic development initiatives that will help the communities grow and prosper and, in turn, provide a benefit to all.”
FairPoint is offering hands-on training sessions led by its economic development arm, Connect NNE, at three sites across New Hampshire.
May 18th (9:00-11:30 am)
Pease Public Library Community Room, 1 Russell Street, Plymouth, N.H.
May 18th (2:30-5:00 pm)
Derry Municipal Building, 14 Manning Street, Derry, N.H.
May 19th (9:30 – 12 noon)
Dover Public Library Lecture Hall, 73 Locust Street, Dover, N.H.
Economic development professionals interested in attending one of these sessions are asked to contact Ellen Scarponi at EconomicDevelopmentNH@fairpoint.com.
Tags: Business & Industry Association of NH, Connect NNE Economic Scenario Model, Derry Municipal Building, Dover Public Library, Ellen Scarponi, FairPoint Communications, George Copadis, Liz Gray, New Hampshire Center for Public Policy, NH Department of Labor, NH Department of Resources & Economic Development, NH Employment Security, Pease Public Library, Tara Reardon, Teresa Rosenberger
Posted in NH Business Matters | Comments Off on FairPoint Offers Additional Economic Scenario Model Training Sessions
Wednesday, September 15th, 2010
New Hampshire’s Super Secret Project will help Stay Work Play, Inc. kick off their website launch party and college tour, sponsored by Citizens Bank. The event, which is free to the public, will be held at Boynton’s Taproom in Manchester on Thursday, October 7, 2010.
The kickoff event will feature a live performance of the New Hampshire-themed music video “Granite State of Mind” by the Super Secret Project. Invited dignitaries include Governor John Lynch and Manchester Mayor Ted Gatsas. In addition, there will be ample networking opportunities with young professionals and leaders from across the state.
 “We believe that a bank should contribute to the growth and vibrancy of its communities, said Cathleen A. Schmidt, president of Citizens Bank. “We are excited to partner with Stay Work Play to help encourage more college students to stay, work and play in New Hampshire after graduation. The Stay Work Play website features all of the opportunities that the granite state has to offer to the young workforce today and serves as a reliable networking portal.”
 Planned for the fall and winter, the college campus tour will bring entertainment to a few New Hampshire college campuses to engage students and encourage them to use the Stay Work Play web site at www.stayworkplay.org and organization as a resource for launching a career in New Hampshire. Stay Work Play is rapidly building a following on Facebook and Twitter and traffic has been building steadily since the beta launch of the site over the summer. The Stay Work Play website includes hundreds of links to other websites, as well as information, photos, and content that is divided into sections that relate to staying, working, and playing in New Hampshire. Special features include linkages to all of the young professionals networks across the state, to Facebook and Twitter feeds, a living index, and resources regarding jobs in the state, housing, events, and activities.
“As an organization, we have some great momentum right now and really look forward to the launch party, college road trip, and gaining more feedback so we can make the Stay Work Play website and other outreach efforts as effective and meaningful as possible,” said Chris Williams, co-chair of the Stay Work Play Board and President of the Greater Nashua Chamber of Commerce.
Stay Work Play is a non-profit organization established in 2009 to build off the work of the 55% Initiative, an effort originally launched by the University System of New Hampshire to help encourage more college students to stay work and play in the state after graduation. The effort gained additional support through the work of the Governor’s Task Force on Young Worker Recruitment and Retention, which recommended the creation of an independent organization to lead an effort to serve younger workers in the state and create a web portal that could serve their informational and networking needs.
Over the next several months, the organization plans to add in a customized events calendar, enhance the job search component, launch a video contest, and assist with an event that will recognize companies and individuals who excel at addressing the needs of younger workers in New Hampshire.
Stay Work Play was incorporated in 2009 by the heads of the University System of NH, the Business and Industry Association of NH, the NH High Tech Council, the NH College and University Council, and the NH Department of Resources and Economic Development (DRED). Its charter partners, Fidelity Investments, Delta Dental, Comcast, SilverTech, and DRED provided initial support to develop the site, and the organization is now supported through sponsors of the website. More information on the organization and on sponsorship opportunities can be found on the website, www.stayworkplay.org. For details on the event, http://stayworkplay.eventbrite.com, or contact Executive Director, Kate Luczko, kate@stayworkplay.org, (603) 860-2245.
Tags: Boynton's Taproom, Business & Industry Association of NH, Cathleen Schmidt, Citizens Bank, Comcast, Delta Dental, Fidelity Investments, Greater Nashua Chamber of Commerce, Kate Luczko, NH College and University Council, NH Department of Resources & Economic Development, SilverTech, Stay Work Play Inc., Super Secret Project, Ted Gatsas, University System of NH
Posted in NH Business Matters | Comments Off on SWP to Host Web Site Launch Party
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