www.nhbia.org strategic economic plan for new hampshire public release november 2013

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Strategic Economic Plan for New Hampshire

Public Release

November 2013


Background

• members requested plan for seven years running

• board agreed with need, but declined to lead effort


Background (cont.)

• Gov. Lynch stepped down

• no other group stepped up

• BIA board approved development of Strategic Economic Plan for New Hampshire (Oct. 2012)


Process

• BIA board oversight committee formed (Oct. 2012)


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


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, Worthen Industries


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


Process (cont.)

• Created vision statement and scope of project (Nov-Dec. 2012)


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.


Process (cont.)

• created RFQ, then RFP, selected consulting team (Dec. 2012-March 2013)

• New Hampshire Center for Public Policy Studies (NHCPPS) analyzed New Hampshire’s economic

landscape and provided benchmark data for comparison


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


Process (cont.)

• Board oversight committee established nine key issue areas:

business growth, retention & attraction education/labor energy fiscal/tax


Process (cont.)

• healthcare• infrastructure• natural, cultural & historic resources• regulatory environment, and • workforce housing


Process (cont.)

• Formed nine stakeholder groups around issue areas (April, May and June)


Process (cont.)

• Two charges for each stakeholder group:

1. Establish goal in support of vision statement

2. Develop tactics/recommendations in support of goal


Process (cont.)

• Board Oversight Committee determined Strategic Economic Plan would be for the benefit of New Hampshire (not intended as BIA staff “to do” list)


Special Focus: Advanced Manufacturing/High Tech

• Most important sector of New Hampshire’s economy by virtually every measure


Three Themes Emerged

• New Hampshire expensive for business• Consistency and predictability of business

environment a challenge• Access to STEM-educated, workplace-

ready labor pool


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.)


Process (cont.)

• Final draft presented to full BIA board of directors at fall planning retreat

• Debate, discussion, final edits, approved by full board (unanimous) Oct. 1st


Plan Includes Over 100 Recommendations

• Examples include…


• Survey New Hampshire businesses on labor and environmental regulations to: Identify most onerous state regulations (those

far exceeding those in other states’ and federal requirements)

Begin crafting legislative or regulatory response(s) to most pressing state regulations

Work with trade associations and local chambers of commerce to increase participation in survey

Business regulation survey


Explore outsourcing certain regulatory functions

• Research regulatory functions in other states that are outsourced (to approved private contractors) to determine applicability to New Hampshire

Consult with NH Dept. of Environ. Svs. BIA Environmental Affairs Policy Com


Research & development tax credit

• Queue up legislation to increase overall state investment in and streamline access to New Hampshire’s research and development tax credit.


Education

•Identify and evaluate efficiencies in existing educational administrative structures to reinvest in programs that improve outcomes.


Healthcare

•Support the proposed Health Care Delivery Innovation Through Cooperation Act, which establishes a regulatory framework to allow New Hampshire healthcare providers to better collaborate to improve healthcare delivery, increase access to services and reduce costs.


Fiscal policy

• Work with Governor’s Commission on Innovation, Efficiency and Transparency in State Government (Eric Herr & John Morison) to identify and implement cost reduction opportunities


End

Q & A

www.nhbia.org strategic economic plan for new hampshire public release november 2013

Documents

list slide

comparison slide

measure slide

effort slide

support of goal slide

globe manufacturing

workforce housing slide

initial draft of plan