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

Thank you.

www.nheconomy.com