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Posts Tagged ‘Tech Resources’

Parlez Vous Aerospace? Mais Oui!

Friday, September 28th, 2012

As we’ve said here before, New Hampshire may not have a company that builds entire airplanes, but we do have companies that supply components used to construct them.

So it makes sense that there should be a Granite State presence at an aerospace trade show a short hop over the border — the international border.

And there was.

Five Granite State companies were part of theNew   Hampshire delegation attending the Aero Montreal Global Supply Chain Summit this week, including Gov. John Lynch and Department of Resources and Economic Development Commissioner George Bald.

The group represented the largest contingent of any state and the only state to attend the summit from New England.

Aero Montreal is Quebec’s aerospace cluster, so it brings together the minds and associations of the sector. The summit brings together aerospace companies from around the world and the result is a whirlwind couple of days of seminars, networking and, most importantly, appointments with the decision makers at some of the biggest names in the air – Lockheed, Boeing, Bombardier.

“Sometimes it can take years to meet with the right people, but in this one trip, I’m meeting with people from Bombardier and Lockheed,” said Michael Barrett of Tech Resources in Milford, adding that meetings were arranged by Lynch and staff at the Division of Economic Development’s International Trade Resource Center. “We’re introducing a new product and looking at substantive growth.”

Jeff Stimson of Orion Wire in North Haverhill employs seven people at the company, which specializes in custom engineered wire and cable applications.

“We probably would not have been able to get our foot in the door and I don’t think we would ever meet the same level of people on our own,” Stimson said.

He, like the other Granite State companies represented, say the aim of attending the summit is to get more work and grow their businesses.

It’s the kind of domino effect that also includes hiring more workers.

The other companies represented included Axenics in Nashua, which employs 40 people; EPTAM Plastics of Northfield, with 108 employees and Corfin Industries of Salem, with about 80 workers.

The trade mission to the aerospace summit was underwritten by the State Trade and Export Promotion grant.

Earlier this week, we wrote about New Hampshire receiving nearly $300,000 in the second year of the STEP program, which is administered by the Small Business Administration.

Our International Trade Resource Center reached out to these companies to let them know about the summit. As the STEP program continues, there are a number of opportunities available for companies considering exporting their products, so if that’s you, reach out to the ITRC for more information.


Lorna Colquhoun

Communications Director

Division of Economic Development

The Next STEP

Monday, September 24th, 2012

Monday started off quite nicely, thank you, with the announcement that New Hampshire will receive nearly $300,000 for the second year of funding of the State Trade Export Promotion.

This money will be used just like the acronym says – to help small businesses here in the Granite State take a STEP toward exporting their products overseas.

The announcement, which included remarks from US Sen. Jeanne Shaheen and Jeanne A. Hulit, the Small Business Administration’s Associate Administrator for Capital Access, was made at Axenics inNashua, a small manufacturer that makes specialized assemblies, clean piping products and gas systems. Right now, the company exports less than 10 percent of its annual sales, but it has worked with the International Trade Resource Center and made use of funding in the first year of the grant to investigate and increase its export potential.

“STEP is working for us,” said Haywood Schmidt, president of Axenics, who added that the 28-year-old company intends to grow over the next two years and create 35 new jobs.

Christopher Way, interim Director of the Division of Economic Development, said the STEP program, at the conclusion of its first year, “has provided a valuable infusion of assistance to small businesses and funding for state export programs.”

In the first year of the STEP program, 24 New Hampshirecompanies received assistance from the grant and in the second year, that will continue. Matching grants will be available to qualified businesses to offset the cost of export promotion, including tradeshow fees, translation of websites and developing marketing materials.

On Thursday, representatives of six New Hampshire companies, including Axenics, Corfin Industries of Salem, EPTAM Plastics of Northfield, Orion Wire of Haverhill, Tech Resources of Milford and Wall Industries of Exeter, head to Montreal.

Gov. John Lynch is leading the Aerospace and Tourism Trade Mission on Thursday and Friday, during which the Granite Staters will take part in the Montreal Aerospace Global Supply Chain Summit .

By stepping up to this mission, the participating companies will receive a wealth of information and make valuable connections that will, ultimately, open trade opportunities.

“Those of you familiar withNew Hampshire government know one thing – we don’t like to sit on the sidelines and our businesses have no interest in standing still while the global economy swirls around us,” Way said. “ This is why STEP is important.”


Lorna Colquhoun

Communications Director

Division of Economic Development