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ABC Economic Summit
May 24, 2016
Division of Economic Development
Strategic Plan
• www.nheconomy.com/about-us/edac.aspx
• Background – RSA 12-A:65
• What the document is / is not
• Planning Process
• Annual Updates
FY 16-17 Goals
1. Focus programs/marketing on key industries
2. Provide tools valuable to regional/local
partners
3. Meaningful workforce development
partnerships
4. Address need for State of New Hampshire
ED Strategy
Key Industries (recruitment & retention)
1. Complex Electronics
2. Metal Manufacturing
3. Machinery Manufacturing
4. Life Sciences Manufacturing & Research
5. Composites & Advanced Textiles
6. Business & Financial Services
7. IT & Telecommunications
Key Industries(retention)
8. Arts, Entertainment & Visitor Industries
9. Food & Beverage
10. Education & Knowledge Creation
11. Forest & Wood Products
FY 16-17 Budget
1. Out of state travel for business recruiters
2. Technology tools
3. $107,000 for educational programming at
business incubators
4. $100,000 for a workforce recruitment study
on how to bring a skilled workforce to NH
Business Recruitment
FY 15 Facilitated 20 company relocations or expansions• 598 new jobs• 1.1 million square feet of real estate• $79 million in new capital expenditures• $1.37 million in local and state property tax
revenues
FY 16-17 Trade Shows & Events• CoreNet Global, CAMX, MedTechWorld MD&M East,
increased efforts in Canada, SelectUSA Investment Summit, ITRA Global
International Commerce
• Trained 145 people in 10 export-related sessions
• One-on-one counseling to 63 companies
• Overseas business development for 24
companies (Medica trade show, Arab Health trade
show, and through Export Expansion Fund)
• $21.5 million in new international sales obtained
by 9 clients
• FY 16 Dubai Air Show, Arab Health, Export
Expansion Fund tailored activities
Government Contracting
• Delivered 1,465 one-on-one counseling sessions
to 402 companies
• 40 training & outreach events with 1,390
participants
• $638 million in government contracts obtained by
121 of our clients
• Small Biz Matchmaker Dec 4 at Manchester
Community College
Job Training Grants
$85,166$1,875
$546,798
$368,487
$28,903
Construction
Healthcare
Manufacturing
Professional Services
Sales
• 71 companies awarded a total of $1.03 million• 2,723 workers trained in new skills
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