NHMEP Economic Impact Report

The Economic Impacts of the New Hampshire Manufacturing Extension Partnership Program on the New Hampshire Economy

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2 Year Executive Summary – March 2020

IMPACT TO NH MANUFACTURERS

The New Hampshire Manufacturing Extension Partnership (MEP) program is supported by the National Institute of Standards and Technology within the U.S. Dept. of Commerce to help small- and medium-size manufacturers identify and implement advanced manufacturing and management technologies. Through a network of resources, the MEP links client firms with local and national sources of expertise to address specific problems. This study estimates the total economic contribution to the New Hampshire economy from firms whose employment, sales, or investment activity changed as a direct result of assistance provided by the New Hampshire MEP.

New Hampshire MEP clients are surveyed, by an independent third party survey company, to determine the economic impact resulting from their relationship with the MEP program. Clients are surveyed roughly one year after the completion of a project and asked a number of questions relating to changes in efficiency and output as well as questions relating to the quality of the MEP services they received. 117 companies surveyed over the past two years reported that as a result of their relationship with New Hampshire MEP they have experienced:

 

Created Jobs

Retained Jobs 

$M

Cost Savings

$M

Increased or Retained Sales

$M

New Investments

IMPACT TO NH ECONOMY

The effects of this increased economic activity extends beyond the client firms. Increased sales by New Hampshire MEP client firms require that they increase their purchases of intermediate goods and services from companies located in New Hampshire and elsewhere to support their increased output. The supplying companies, in turn, generate additional demands of their own. In this way, dollar expenditures for final demand can be traced backward to all of the affected industries in the regional economy. In addition, the income from new jobs generated by New Hampshire MEP clients and the supplying firm’s results in increased demand for consumer goods. Each of these effects, in turn, generates subsequent ripples throughout the New Hampshire economy. The sum of these direct, indirect, and induced effects suggests that small- and medium-size manufacturing companies that increased or retained jobs or sales and/or increased investments with assistance from the New Hampshire MEP are responsible for.

Created or Retained Jobs that paid $151M in employee wages and benefits

$M

Increased or retained economic output

$M

Contributed or Retained Gross State Product

$M

Generated or Retained in additional tax and non-tax revenues at the Federal, state and local government levels

$M

Generated or Retained in additional tax and non-tax revenues at the state and local level

1 No client is surveyed more than once in a 12 month period. Data is from 8 Quarterly Surveys, which were conducted from April 2018 through February 2020. Clients are asked about impacts experienced over the past year.
2 Reported impacts modeled using IMPLAN Pro version 3.0 software. Modeling procedures available upon request.

Manufacturers

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Education

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About NH MEP

New Hampshire Manufacturing Extension Partnership
172 Pembroke Road
Concord, NH  03301

Phone: 603-226-3200

The New Hampshire Manufacturing Extension Partnership does not discriminate on the basis of race, color, creed, national or ethnic origin, gender, disability, age, political affiliation or belief. This nondiscrimination policy encompasses the operation of all educational and training programs and activities. It also encompasses the employment of personnel and contracting for goods and services.

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Press Releases

Students Will Virtually Tour Manufacturers in October During NH Manufacturing Month

An entire month of celebrating manufacturing in New Hampshire!

For the last 7 years New Hampshire Manufacturing Extension Partnership with help from the NH Department of Business and Economic Affairs, the Community College System of New Hampshire, the New Hampshire Department of Education and many other partners organized NH Manufacturing Month. NHMEP hopes to encourage students into building their career with local manufacturers, keeping them in state after graduation.

What is it all about?
In previous years, throughout the month of October, high school and middle school students went on field trips to visit local manufacturers. During those trips, manufacturers had the opportunity to show students how cool manufacturing is and inform them of all the in demand careers their field has to offer. This year, our plan is to engage students in virtual visits to manufacturers.

StopTheSpread’s ImpactAssets COVID-19 Response Fund

StopTheSpread is an organization whose mission is to catalyze the private sector response to the COVID-19 pandemic.

Since early March, StopTheSpread and NIST MEP have worked together, matching StopTheSpread partners with MEP Centers and clients in order to facilitate increased production of personal protective equipment (PPE), testing and treatment equipment, and ventilators. Recently, StopTheSpread joined forces with ImpactAssets an organization raising capital for their COVID Response Fund.

StopTheSpread has opened their intake form to manufacturers facing financial roadblocks in their COVID-19 pandemic response efforts.

Any manufacturer that wants to produce PPE (e.g., masks, gloves, gowns, etc.) or testing and treatment equipment may apply for an impact investment using the intake form.

Progressive Manufacturing Expands Team with New Marketing and Communications Specialist

West Lebanon, NH – September 2020: Progressive Manufacturing, Inc. is excited to announce that Lori Decato-Metz has joined the team as Marketing Communications Manager. In her role, Lori will develop creative content to expand Progressive Manufacturing’s presence in the New England market and also promote their brand SÓLAS Contemporary Fire, which produces modern and efficient fireplace products.

Prior to joining Progressive Manufacturing, Lori worked as a creative marketing professional for many regional and global brands, including Timberland, Eastern Mountain Sports, ECCO and Bauer Hockey.

Mascoma Community Development Wins $65 Million Tax Credit to Facilitate New England Expansion

Mascoma Community Development, an entity of New England based Mascoma Bank, has received a $65 Million tax credit allocation to facilitate industrial and manufacturing expansion, along with retail and main street redevelopments in rural and minor-urban communities of New England. The award is from the New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. Project developments will be focused on New Hampshire, Vermont, Maine, New York, Michigan, and Pennsylvania.

“We will use this award to provide much needed flexible financing for manufacturers needing to update deteriorating facilities and aging equipment,” said Dick Jennings, Managing Director, Mascoma Community Development.

Rewarding Opportunities at USAF Advanced Manufacturing Olympics Virtual Event

Virtual Event: October 20-23, 2020

This October, the US Air Force will launch an inaugural virtual event, the Advanced Manufacturing Olympics (AMO), which is “aimed at translating innovative ideas into enduring solutions” in manufacturing technology across the United States. Distinguished leaders in academia, government and industry will be speaking to discuss the future of advanced manufacturing.

Topics at the Advanced Manufacturing Olympics will include Industry 4.0, 3D printing, augmented and virtual reality, automation and more. There will be open discussion on technical challenges and potential solutions for the Air Force’s sustainment issues.

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