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Strategic Economic Plan for New Hampshire

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

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Strategic Economic Plan for New Hampshire

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  1. Strategic Economic Plan for New Hampshire Public Release November 2013

  2. Background • members requested plan for seven years running • board agreed with need, but declined to lead effort

  3. Background (cont.) • Gov. Lynch stepped down • no other group stepped up • BIA board approved development of Strategic Economic Plan for New Hampshire (Oct. 2012)

  4. Process • BIA board oversight committee formed (Oct. 2012)

  5. 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

  6. 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

  7. 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

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

  9. 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.

  10. 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

  11. 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

  12. Process (cont.) • Board oversight committee established nine key issue areas: • business growth, retention & attraction • education/labor • energy • fiscal/tax

  13. Process (cont.) • healthcare • infrastructure • natural, cultural & historic resources • regulatory environment, and • workforce housing

  14. Process (cont.) • Formed nine stakeholder groups around issue areas (April, May and June)

  15. Process (cont.) • Two charges for each stakeholder group: • Establish goal in support of vision statement • Develop tactics/recommendations in support of goal

  16. 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)

  17. Special Focus: Advanced Manufacturing/High Tech • Most important sector of New Hampshire’s economy by virtually every measure

  18. Three Themes Emerged • New Hampshire expensive for business • Consistency and predictability of business environment a challenge • Access to STEM-educated, workplace- ready labor pool

  19. Process (cont.) • Drafting of Strategic Economic Plan for the benefitofNew Hampshire began in July • Review, editing, redrafts by BIA staff and board oversight committee (Aug. – Sep.)

  20. 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

  21. Plan Includes Over 100 Recommendations • Examples include…

  22. Business regulation survey • 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

  23. 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

  24. 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.

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

  26. 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.

  27. 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

  28. End Q & A

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