Strategic Economic Plan for New Hampshire

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Strategic Economic Plan for New Hampshire


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, Normandeau Associates


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.)

• 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/workforce skills/labor pool 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


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.)

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


Plan Includes Over 100 Recommendations

• 12 recommendations in EDUCATION, WORKFORCE SKILLS and LABOR POOL section of plan


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.


Education, Workforce Skills and Labor Pool (cont.)

• Key Metrics

• 12 tactics (recommendations)


END

Strategic Economic Plan for New Hampshire

Documents

Transcript of Strategic Economic Plan for New Hampshire