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Annual Economic Development Summit a “Declaration of Inspiration”

Tuesday, November 8th, 2011

Just as inspiration has led countless Granite State entrepreneurs to create products and services that are changing the world, the New Hampshire Division of Economic Development is hoping its annual gathering will spark the ideas that result in business formation.

Burns Development Group Principal Linda Burns

“The Declaration of Inspiration” is the theme of the 16th Annual New Hampshire Economic Development Summit to be held at Church Landing in Meredith on Tuesday, December 13th from 8:30 a.m.-2 p.m.

“Inspiration is what drives entrepreneurs to develop new ideas, attempt the impossible and stand tall in a highly competitive business environment,” said New Hampshire Division of Economic Development Interim Director Christopher Way. “It’s only fitting that we use our annual summit to recognize the great companies that are responsible for growing our economy while also opening the door for new prospective business owners to network with economic development practitioners and partner organizations.”

The keynote speaker for the event will be Burns Development Group Principal Linda Burns, a national site selector with over 30 years experience in corporate recruitment relocation and expansion strategies; economic development and workforce assessment, target marketing, government relations, and non-profit organizational planning.  She brings public sector insight to her consulting due to her years of partnering with the Dallas-Fort Worth region’s cities and the State to market and recruit major companies to Texas, including the corporate headquarters of AT&T, Comerica, Research in Motion/Blackberry, and Blockbuster. Burns will discuss how New Hampshire economic developers and businesses can work together to foster an environment that is attractive to site selectors looking to place clients interested in relocation or expansion.

In addition to the keynote address, there will be two interactive business panels offered. The “Leading the Pack – Inc. 5000” panel will feature a group of New Hampshire businesses including Rustic Crust and Dyn that were featured on this year’s Inc. 5000 list while the “Business Underground –  Rising to the Top” panel will feature a group of emerging companies including EARTHTEC, Animetrics and Tradeport USA that are known for their innovation and cutting edge technology. Other sessions will feature Glen Group Owner Nancy Clark who will discuss “How to Survive When Your Industry is Considered an Expense” and Epiphanies Inc. Co-Owner Allen Voivod who will present “Safety in Numbers: The Crowdsourcing of Inspiration.”

For the third consecutive year, Scott Spradling of the Spradling Group (www.spradlinggroup.com) will be the guest emcee. As a special touch, Melissa Koerner of Friend Your Body (www.friendyourbody.com) will kick off the day by getting attendees’ blood circulating and sharing a few tips for transforming health while “on the go.” Entertainment will be provided by local musician Jim Tyrrell (www.jimtyrrell.net) whose third full-length album “Onward to Yesterday” was released in 2010. The “Commissioner’s Awards for Economic Development Excellence” will also be presented.

Admission to the 16th Annual New Hampshire Economic Development Summit is free due to the generosity of event sponsor Public Service of New Hampshire. New Hampshire Business Review is the Summit’s media sponsor.

“Public Service of New Hampshire is once again happy to support this great conference which brings together businesses, economic developers and elected officials to help build our state’s economy,” said Public Service of New Hampshire Economic & Community Development Manager Pat McDermott. “All economic development starts with good ideas and I look forward to the networking, information sharing and exchange of views at this signature event.”

To register for the Summit, please email Catherine Goff at cgoff@dred.state.nh.us or call 271-2341.

New Hampshire Community Loan Fund receives grant from Starbucks and Opportunity Finance Network’s “Create Jobs for USA” Fund

Wednesday, November 2nd, 2011

A New Hampshire community lender today received a $231,000 grant from the Create Jobs for USA Fund, a collaboration between Starbucks and Opportunity Finance Network (OFN). The money will help the New Hampshire Community Loan Fund (Community Loan Fund) create and sustain jobs in New Hampshire as part of a national campaign to support small, community businesses.

The Community Loan Fund is one of just 28 community development financial institutions (CDFIs) in the nation to win a grant in the inaugural funding round. The grant was made possible by a $5-million seed contribution from the Starbucks Foundation. The Fund expects to raise tens of millions of dollars more, according to a spokesman, and 100% of these donations will go to CDFIs to finance underserved community businesses, and to help create and sustain jobs in underserved communities

Starting yesterday, the Create Jobs for USA Fund is collecting donations at www.CreateJobsforUSA.org and at nearly 7,000 company-operated Starbucks across the country. CDFIs that are OFN members will compete for these funds on a rolling basis.

“Create Jobs for USA is making it possible for Americans who have $5 to share help people who don’t have $5 to spare by creating and retaining jobs in their communities,” explained Mark Pinsky, OFN’s President and CEO. “The Community Loan Fund received this grant because it has demonstrated that it will provide financing that is good for community businesses and good for communities.”

The Create Jobs for USA campaign will benefit business owners like Brad Sterl Jr., CEO of Rustic Crust in Pittsfield. Sterl, one of the business owners featured on the Create Jobs for USA Web site, needed financing to expand his business but was turned down by traditional lenders.

A $500,000 loan from the Community Loan Fund’s Vested for Growth team helped Sterl get his artisan-quality, natural and organic pizza products into more stores and create nearly 20 new jobs in a depressed and job-needy area of New Hampshire.

“We’re pleased that Starbucks recognizes the important work that CDFIs are doing, and honored that the Create Jobs for USA Fund has made a first-round grant to us,” said Community Loan Fund President Juliana Eades. “Create Jobs for USA is unprecedented for the CDFI industry. It is shining a national spotlight on our work and will help the Community Loan Fund get New Hampshire’s small businesses the financing they need create and sustain jobs.”

Community development financial institutions (CDFIs) provide financing to community businesses in underserved markets where would-be community business owners may not qualify for credit from traditional lending institutions. Community businesses include small businesses, microenterprises, nonprofit organizations, commercial real estate developers, and affordable housing developers. All of these community businesses help to create and sustain local jobs.

For information about the Community Loan Fund’s Small-Business Loans, please go to http://www.communityloanfund.org/businessloans. Businesses located outside of New Hampshire can find a local CDFI lender at http://opportunityfinance.net/findacdfi.

NH’s Top 100 Private Companies to be Honored Next Week

Tuesday, October 18th, 2011

Business NH Magazine host the fifth annual NH’s Top 100 Private Companies Reception at the Capitol Center for the Arts in Concord on Monday, October 24 from 5-7 p.m.

The reception features an awards ceremony for the Top 10 Private Companies in NH, the Five Fastest Growing Companies, and 10 Companies to Watch. The winning companies were also profiled in the September issue of Business NH Magazine. More than 400 business people from across NH, including members from all 100 Top Private Companies, are expected to attend.

The Top 10 Companies on this year’s Private 100 List are:
• C&S Wholesale Grocers Inc., Keene
• CCA Global Partners, Manchester
• Sprague Energy Corp., Portsmouth
• Associated Grocers of New England Inc., Pembroke
• Hypertherm, Hanover
• Red River Computer Company Inc., Claremont
• AutoFair, Manchester
• Grappone Automotive Group, Bow
• Atrium Medical Corporation, Hudson
• Hitchiner Manufacturing Co. Inc., Milford

The 2011 Five Fastest Growing Companies are: 
• EPE Corporation, Manchester
• North Branch Construction, Concord
• Namtek Corp., Bedford
• Wakefield Solutions, Pelham
• Adaptive Communications, Portsmouth

 The 2011 10 Companies to Watch are:
• Leading Edge Design Group, Enfield
• SmartFuel America, LLC, Seabrook
• RevereIT LLC, Nashua
• Bigcatcoffees.com, Franklin
• The Nagler Group, Bedford
• DYN, Manchester
• The Atom Group, Portsmouth
• Alexander Technology Group, Bedford
• Rustic Crust, Pittsfield
• Whaleback Systems, Portsmouth

The registration fee for the Private 100 Reception is $30. The reception is sponsored by FairPoint Communications, Harvard Pilgrim Health Care of New England, People’s United Bank, Comcast Business Class, Hanover Co-Op Food Stores and Sheehan Phinney Bass + Green PA. To register for the event, visit www.eventsNH.com or contact Business NH Magazine at (603) 626-6354.

Inc. Magazine Celebrates 26 Fast Growing NH Companies

Thursday, August 25th, 2011

Twenty-six…..that’s the magic number of New Hampshire firms that have made it to Inc Magazine’s list of “5000 Fastest Growing Companies in the U.S.”

What amazed me the most about the Granite State businesses listed were their diversity – you have a gift basket company, some entries from the high tech realm and, yes, even the company that designed this web site.

I hope that you’ll join me in saluting the achievements of the following New Hampshire companies:

NorAm International Partners  – Hudson
Namtek – Bedford     
RevereIT – Nashua     
Rustic Crust – Pittsfield     
RewardsNOW – Dover     
Planet Fitness  – Newington    
Dyn – Manchester     
GourmetGiftBaskets.com  – Londonderry     
Bean Group   – Portsmouth     
Cellular Specialties   – Manchester     
Benefit Strategies  – Manchester     
Digital Prospectors  – Exeter     
Integrated Deicing Services  – MANCHESTER     
TMSi Logistics  – Portsmouth     
MAS Medical Staffing – Manchester     
W.S. Badger Company – Gilsum     
KBW Financial Staffing & Recruiting  – Bedford     
BuyATimeshare.com – Merrimack     
D.R. Guilbeault Air Compressor – Hudson     
Agility Mfg  – Dover     
Trade Wings – Portsmouth     
SilverTech  – Manchester     
North American Equipment Upfitters   – Hooksett     
Highland Forwarding – Bedford     
The Barking Dog  – Exeter     
Favorite Foods – Somersworth   

For more information, visit  http://www.inc.com/inc5000/welcome.

– Steve Boucher, NH Division of Economic Development Communications & Legislative Director