Andrew Raynor Dover NH
New Hampshire companies looking for new business suppliers and international partnerships, as well as companies aiming to understand their contribution to the state economy, will be interested in a new globalization study underway at Plymouth State University, in collaboration with the New Hampshire Department of Resources and Economic Development.
We have created the project New Hampshire Economic Globalization Report: Contributions and Opportunities for the Local Economy, which will use data on international trade transactions and direct investment from foreign companies to map the distribution of foreign direct investments (FDI) and international trade within the state and across counties. This information will enable us to explore the impact FDI and trade flows have on the economy across counties and industries, and the performance of domestic and foreign subsidiaries.
Take the survey here.
This study is important because it provides valuable information that can help shape state policy and assist exporters and importers in identifying markets. This study includes a survey, in which we encourage business owners and executives to participate.
Encouraging globalization is good for the New Hampshire economy, as 43,400 people were employed by 456 foreign subsidiaries, and trade supported 183,900 (or 22 percent of) New Hampshire jobs in 2014. The importance of these investigations is far reaching in terms of state policy, such as serving the needs of New Hampshire exporters and stimulating trade and FDI as a means for economic development, income growth and improving our business climate.
The analysis will result in measurement and prediction of contributions that FDI and trade bring to the local economies in terms of employment, investment promotion, exports facilitation, labor conditions, technology/know-how spillovers and social welfare. This FDI mapping is meaningful to policy makers who intend to support the development of certain locations/counties or of particular industries and provides key information to foreign companies looking to establish operations in New Hampshire.