Strategic Economic Plan for New Hampshire www.BIAofNH.com www.nhbia.org Background • members requested plan for seven years running • board agreed with need, but declined to lead effort www.BIAofNH.com www.nhbia.org Background (cont.) • Gov. Lynch stepped down • no other group stepped up • BIA board approved development of Strategic Economic Plan for New Hampshire (Oct. 2012) www.BIAofNH.com www.nhbia.org Process • BIA board oversight committee formed (Oct. 2012) www.BIAofNH.com www.nhbia.org Board Oversight Committee • • • • • • • Don Baldini, Liberty Mutual Joe Carelli, Citizens Bank Nancy Clark, Glen Group Brad Cook, Sheehan Phinney, et al. Mike Donahue, Aries Engineering Linda Fanaras, Millennium Integrated Mktg Bryan Granger, C & S Wholesale Grocers www.BIAofNH.com www.nhbia.org Board Ovrsght Comm. (cont.) • • • • • • • Lisa Guertin, Anthem BCBS Ed MacKay, UNSNH, retired John Morison, Hitchiner Manufacturing Joe Murray, Fidelity Investments Teresa Rosenberger, Devine Strategies Dick Samuels, McLane Graf, et al. Dennis Sasseville, Normandeau Associates www.BIAofNH.com www.nhbia.org Board Ovrsght Comm. (cont.) • • • • • Tim Scullin, Sig Sauer Tim Sink, Greater Concord Chamber Tom Sullivan, Sturm Ruger Steve Webb, TD Bank Don Welch, Globe Manufacturing www.BIAofNH.com www.nhbia.org Process (cont.) • Created vision statement and scope of project (Nov-Dec. 2012) www.BIAofNH.com www.nhbia.org A Vision for New Hampshire To ensure New Hampshire provides meaningful advantages for businesses through a vibrant, sustainable economy and the nation’s best environment in which our residents can prosper. www.BIAofNH.com www.nhbia.org Process (cont.) • New Hampshire Center for Public Policy Studies (NHCPPS) analyzed New Hampshire’s economic landscape and provided benchmark data for comparison www.BIAofNH.com www.nhbia.org Process (cont.) • Synchrony Advisors LLC and Mather Associates LLC (Synchrony-Mather), led by John Gilbert and Cotton Cleveland facilitated the stakeholder meetings and developed the initial draft of plan www.BIAofNH.com www.nhbia.org Process (cont.) • Board oversight committee established nine key issue areas: business growth, retention & attraction education/workforce skills/labor pool energy fiscal/tax www.BIAofNH.com www.nhbia.org Process (cont.) • • • • • healthcare infrastructure natural, cultural & historic resources regulatory environment, and workforce housing www.BIAofNH.com www.nhbia.org Process (cont.) • Formed nine stakeholder groups around issue areas (April, May and June) www.BIAofNH.com www.nhbia.org Process (cont.) • Two charges for each stakeholder group: 1. Establish goal in support of vision statement 2. Develop tactics/recommendations in support of goal www.BIAofNH.com www.nhbia.org Special Focus: Advanced Manufacturing/High Tech • Most important sector of New Hampshire’s economy by virtually every measure www.BIAofNH.com www.nhbia.org Three Themes Emerged • New Hampshire expensive for business • Consistency and predictability of business environment a challenge • Access to STEM-educated, workplaceready labor pool www.BIAofNH.com www.nhbia.org Process (cont.) • Drafting of Strategic Economic Plan for the benefit of New Hampshire began in July • Review, editing, redrafts by BIA staff and board oversight committee (Aug. – Sep.) • Debate, discussion, final edits, approved by full board (unanimous) Oct. 1st www.BIAofNH.com www.nhbia.org Plan Includes Over 100 Recommendations • 12 recommendations in EDUCATION, WORKFORCE SKILLS and LABOR POOL section of plan www.BIAofNH.com www.nhbia.org Goal for Education, Workforce Skills and Labor Pool New Hampshire possesses a high-quality, cost-effective, lifelong educational system that provides access and affords all residents the same educational opportunities that align with the needs of a robust, innovative, flexible, productive workforce. www.BIAofNH.com www.nhbia.org Education, Workforce Skills and Labor Pool (cont.) • Key Metrics • 12 tactics (recommendations) www.BIAofNH.com www.nhbia.org END www.BIAofNH.com www.nhbia.org