Presentation on theme: "Www.nhbia.org www.BIAofNH.com Strategic Economic Plan for New Hampshire Public Release November 2013."— Presentation transcript:
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 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. 1 st
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