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Posts Tagged ‘New England Wire Technologies’

What a Week for New Hampshire Manufacturing!

Wednesday, October 1st, 2014

We’re halfway through New Hampshire Manufacturing Week today and wow … it’s been fantastic. The measure is this: Over 42 manufacturers across the state, joined by our community colleges, opened their doors this week to over 1,000 visitors. Most of these visitors were high school students, who got to see advanced manufacturing up close and hear about the opportunities waiting for them when they graduate.

This is the second year of the initiative and this year is another success, with participation from companies in the North Country, right out to the Seacoast. Thanks to all you manufacturers who took time out to introduce yourselves to the next generation of innovators.

 

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New Hampshire Division of Economic Development Director Carmen Lorentz at Hitchiner Manufacturing, Milford

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Littleton Students Visit New England Wire Technologies, Lisbon

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Manchester Central student flexes his strength at Velcro USA/Velcro Americas, Manchester

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Students visiting at Velcro USA/Velcro Americas

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Vishay mfg week 4

Nute High School Students at Vishay, Dover

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Lorna Colquhoun

Communications Director

NH Division of Economic Development

 

Wheels Up for Paris Air Show

Friday, June 14th, 2013

https://www.youtube.com/watch?v=mrR53w5rPqk

https://www.youtube.com/watch?v=ZGEC1J-juEo

We are taking off later today, heading for the Paris Air Show, accompanying 12 aer0 and defense related companies from here in the Granite State, Vermont and Maine. With thousands of exhibitors all in one place, it is an opportunity to connect with decision makers from around the world, who can see and hear what our companies offer, which translates into more orders and more jobs.

In all, 34 states will be represented at the international trade show, which is held every other year. The Best of New England booth is made possible through the State Trade Export Promotion program, funded in part through a cooperative agreement with the U.S. Small Business Administration.

Follow along with us on our social media channels, particularly on Twitter, as well as Facebook and the No Bull Business Blog.

Lorna Colquhoun

Communications Director

Division of Economic Development

Countdown to the Paris Air Show

Monday, June 10th, 2013

http://youtu.be/kXvpALfXNdY

It’s not often we can invoke Tom Cruise in the No Bull Business Blog, so when we can, we do.

It’s the same as if five New Hampshire companies were getting ready to attend the world’s oldest and largest aerospace and defense trade show … when we can, we do.

The Paris Air Show begins one week from today and five companies – Corfin Industries of Salem; New England Wire Technologies of Lisbon; RdF Corp. of Hudson; Tech Resources Inc. of Milford and Transupport of Merrimack – will be part of the Best of New England booth at the US Pavilion, joining seven companies from Maine and Vermont. Together, they will bring visibility to the region that has the capability and capacity to serve these fast growing sectors.

The Best of New England booth is made possible through the State Trade Export Promotion program, funded in part through a cooperative agreement with the U.S. Small Business Administration.

We’d like to introduce you to them, beginning with Tech Resources Inc.

Tom Cruise has a cameo.

Watch throughout the week for the Paris Air Show Minute.

Lorna Colquhoun

Communications Director

Division of Economic Development

 

Priority 1 for Business

Tuesday, January 22nd, 2013

By virtue of its top billing, the number 1 is usually always a priority – it’s a good thingĀ  to be Number 1 if you are on a sports team or you’re waiting in line for a concert ticket.

Today, the number 1 was a good thing for business because the Senate Ways and Means Committee took up SB1, a bipartisan plan to double New Hampshire’s research and development tax credit and repeal the sunset provision in current legislation. The bill was sponsored by 21 state senators and five state representatives andĀ the committee voted 5-0 to send along. This is a number 1 priority.

Gov. Hassan visited Globe Manufacturing in Pittsfield last week as part of her Innovate NH tour. The company makes fire suits used around the world.

Under this bill, the tax credit would go from $1 million to $2 million and it would be permanent – it would never go away – and New Hampshire would be among the majority of states that offer this incentive to businesses.
Sure, other states may offer more, but this is our way of being supportive of businesses that spend time and money looking for ways to be faster, stronger, lighter, economical and otherwise more productive and cutting edge because, in the end, we all benefit.

“It is one more incentive for out of state businesses to consider New Hampshire, particularly our high tech sector, which in turn helps the state to provide well-paying jobs and further diversify the economy,” said Christopher Way, interim director of the Division of Economic Development at this morning’s hearing. “Companies of all sizes gain as it encourages small companies to remain on the leading edge of R&D, which also benefits the larger companies they in turn supply.”

Also testifying at the hearing were representatives from several businesses, trade organizations and manufacturers from around the state, including New England Wire Technologies, located in Lisbon; Freudenberg , with eight locations in New Hampshire, and Graphicast of Jaffrey. In all, about two dozen people attended this hearing.

Companies that are devoting time and money to research and development will gain and it will help, as Val Zanchuck, president of Graphicast, noted, being awarded the credit enabled him to hire three interns from Dartmouth College to conduct research on the company’s manufacturing process.

First introduced in 2007, the R&D tax credit is increasingly popular. Last year, 111 companies applied for a total of $4.1 million. Since only $1 million is available, the companies received a pro-rated amount, so one requesting the maximum of $50,000 received $12,065.

By doubling the amount available, companies would get a greater return on their applications. It tells them, and any prospective business considering a move or expansion here, that innovation matters here and that New Hampshire is committed to that.

Lorna Colquhoun
Communications Director
Division of Economic Development