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Oh, Hey, 2016! We’re Looking Forward to You!

Monday, January 4th, 2016

Happy New Year from NH Economy! While we’re waiting for 2016 to wind up, there a few things to share with you from 2015.

NH Economic Review 2015

The first one is the New Hampshire Economic Review 2015which is 28 pages of facts and figures about our state and information about some of the business expansions/relocations here in the past year; trade figures and business trends. It’s a short look at what great things happening here in the Granite State.

Director Carmen Lorentz and her staff spent several months last year crafting a thoughtful strategic plan for the Division of Economic Development (that’s us!). For the first time in memory, the agency now has a road map to follow as we work to make New Hampshire the best place to do grow a business and prosper.

Is this the year your business will reach heights in New Hampshire? We have plenty of information available to decide for yourself at our website.

Let us know how we can help you reach your goals for 2016.

Lorna Colquhoun
Communications Director
Division of Economic Development

Border Crossing

Friday, June 22nd, 2012

We’re putting the finishing touches on a busy week here at the Division of Economic Development, which started at the BIO International Convention in Boston on Monday and ended with a presentation in Sherbrooke, Que. on Wednesday and a visit with a manufacturer Thursday, who, by the way, likes our message … a lot.

About 80 people turned out for dinner and a talk about taxes … specifically the lack of thereof … just a short hop from northern New Hampshire. This is a place where there is room for Quebec companies to expand into the U.S. and a skilled and enthusiastic workforce to help them do it successfully.

This is not the first time we’ve done this. Every other year or so, with sponsorship from Public Service of New Hampshire, we visit places like Drummondville, Quebec City and Sherbrooke (this was our second visit) and talk about impôts to a country that knows them well.

That’s taxes. We talk to them about New Hampshire’s lack of them. When we got to the part about aucune taxe de vente, they couldn’t believe we don’t have a sales tax here. There was an audible gasp and buzz, like we were kidding.

We weren’t and we aren’t.

As Beno Lamontagne, our business resource specialist in Carroll, Grafton and Coos Counties, said Thursday night, dinner for 80 this week was the easy part.

Next week, next month, next year and maybe years from now, the possibilities we talked about the night before last will, like a seed, bloom, prosper and grow.

Lorna Colquhoun
Communications Director
Division of Economic Development

Big Week for Small Business

Friday, May 18th, 2012

Stop and think for a moment about the small businesses in your life.

            The corner store where you can count on picking up the morning paper and catching up on conversation and where it is especially busy at lunchtime when the crew from the machine shop, the auto body place and the landscaping project show up to grab a sandwich.

            The coffee shop where the waitress knows your eggs are over easy and you need extra cream for the coffee.

            The dry cleaner, the jeweler, the gift shop … the list goes on. These are the places that give our communities character (and characters) and keep our economies robust.

            But behind the cheerful faces we associate with these places we turn to make our lives easier are the challenges of keeping a small business in business.

            According to the Small Business Administration, there are about 131,000 small businesses across New Hampshire, representing over 96 percent of all employers and 51 percent of the private sector workforce.

            They are the lifeblood of the New Hampshire economy and all throughout next week, they are being celebrated.

            Beginning Monday, the Manchester Economic Development Office is hosting the second annual Manchester Small Business Week, which is packed full of programs of interest to those who tend small businesses.

            Several of them address one of the biggest concerns of  not only of those who turn the sign in the window to ‘open’ every morning, but those men and women looking for just that chance and entrepreneurs, who have the sign but need some help to find the right door to hang it – financing.

            The week-long event kicks off at 11:30 a.m. Monday at the Radisson Hotel and Conference Center downtown. U.S. Sen. Kelly Ayotte, New York Times reporter Amy Cortese, who wrote Locavesting: The Revolution in Local Investing and How to Profit From It and a panel of small business owners – Jeff Baker, president – Image 4; Nick Soggu, founder and CEO of Silvertech; Deb Desrosiers, owner of Visiting Angels and Jim Doyle, president and CEO of XMA Corp. will all provide a lively start to the week.

            If you are a small business owner – or would like to become one – check out the comprehensive schedule of events going on throughout the week.

Governor Announces First in Nation Partnership for State’s Manufacturers

Monday, April 11th, 2011
Gov. John Lynch today unveiled a new Web site designed to better connect New Hampshire manufacturers with New Hampshire suppliers and buyers. The Web site is an outgrowth of a suggestion Gov. Lynch received from businesses during his Job Cabinet Roundtables.
Governor John Lynch unveils the partnership between the State of New Hampshire and MFG.com.

Governor John Lynch unveils the partnership between the State of New Hampshire and MFG.com.

The State is partnering with MFG.com, the largest global sourcing marketplace for the manufacturing industry, for this first-of-its- kind partnership. The unveiling took place at Burndy LLC, an electronic components manufacturer in Londonderry. Alan Beck, Burndy LLC Vice President of Application Tooling, made the suggestion for a better way for New Hampshire businesses to connect during the Manchester Jobs Cabinet Roundtable.

Gov. John Lynch joined representatives of several Granite State manufacturing firms and state economic development officials in unveiling the new site.

During Gov. Lynch’s Jobs Cabinet Roundtables last year, the Governor heard from business leaders who said it is a challenge for them to easily identify New Hampshire suppliers. A number of companies expressed a desire to contract with New Hampshire suppliers when at all possible rather than contracting out of state. The New Hampshire Division of Economic Development worked with MFG.com to develop this new Web site.

“We want to make it easier for New Hampshire businesses to support and work with other New Hampshire companies. That will help our businesses grow and create jobs here in the Granite State,” Gov. Lynch said. The more New Hampshire manufacturers can work with other New Hampshire companies, the stronger our economy will be.”

As part of the partnership, local companies registered on a special “New Hampshire only” page on MFG.com, will be able to purchase goods and services from each other, creating a heightened awareness of resources within the state.

MFG.Com Senior Vice President Adam Oaks describes the many services that his company provides to the manufacturing community.

MFG.Com Senior Vice President Adam Oaks describes the many services that his company provides to the manufacturing community.

Adam Oaks, Senior Vice President and General Manager of MFG.com, stated that he believes this new partnership will open new doors for New Hampshire suppliers and buyers to engage in locally-based matchmaking. 

“We are extremely excited to be part of this initiative that essentially enables the local New Hampshire manufacturing community,” he said. “The sourcing portal will effectively promote economic development within New Hampshire through intelligently connecting local manufacturing buyers and suppliers at the exact moment they need each other.”

The link for the specially designed page will be housed on NHEconomy.com, the State’s economic development Web site. Those suppliers who complete a registration for the MFG.com service through the New Hampshire landing page will receive an optimized profile, Atlas listing and projects from all Granite State buyers for $99 a month. Buyers registering via the landing page will have access to the New Hampshire information for free.

“What a wonderful way to stimulate commerce and build new relationships among New Hampshire manufacturers and prospective buyers,” said New Hampshire Department of Resources & Economic Development Director George Bald. “This first-in-the-nation pilot program gives our state an incredible edge as we further develop and strengthen our manufacturing sector.”

“A local supply base can provide a very competitive advantage particularly for developing new product and processes,” added Alan Beck, Burndy LLC Vice President of Application Tooling. Burndy has offered high quality, competitively priced connectors, wiring accessories and installation tooling that have solved connection problems for over 85 years. “The application that the Division of Economic Development and MFG.com have facilitated was created expressly for New Hampshire businesses and is a powerful tool that allows companies to easily find the core competencies that exist locally. This will create healthier businesses and a stronger local economy.”

 “The New Hampshire page is of tremendous value to Granite State manufacturers,” Zenagui Brahim, director of operations for the New Hampshire Manufacturing Extension Partnership (MEP) said. “By giving us a new and innovative addition to our toolkit, we have improved the prospects for all engaged in this vital industry.”

A recent New Hampshire Center for Public Policy Studies report sponsored by the Business & Industry Association of New Hampshire and the New Hampshire High Tech Council noted that Smart Manufacturing/High Technology (SMHT) is the single largest sector of New Hampshire’s economy (19 percent). In 2009 alone, the SMHT sector encompassed 3,700 New Hampshire companies employing almost 80,000 people and paying out $6.4 billion in wages and benefits. Exports from the state’s manufacturers directly support more than 77,000 jobs, compared to about 52,000 jobs in travel and tourism.

The “New Hampshire only” MFG.com page can be accessed at www.mfg.com/nheconomy.

About MFG.com
MFG.com is the largest global sourcing marketplace for the manufacturing industry. MFG.com’s platform enables companies to intelligently connect, source, collaborate and perform due diligence with transparency and intellectual property protection. It supports virtually all manufacturing process and industrial components, is in seven major languages, more than 50 currencies and has more than 200,000 members on five continents. MFG.com is based in Atlanta and has offices in Shanghai and Paris. For more information: www.MFG.com.