Andrew Raynor Dover NH
Foreign direct investment is present in all 10 New Hampshire counties, with more than 450 subsidiaries owned by 186 companies from 24 countries, according to research presented today by Plymouth State University.
The New Hampshire Foreign Direct Investment Report, the first of its kind analysis, was conducted by PSU professors Chen Wu, Ph.D., and Roxana Wright, DBA, with a goal to provide a complete picture of foreign business presence in New Hampshire, and analysis of the countries of origin of foreign subsidiaries represented across the state’s counties and industries.
Dr. Wu and Dr. Wright created innovative indices to help state policy-makers strategically allocate resources to attract FDI from various countries, and to estimate the New Hampshire jobs that could potentially be created by companies headquartered in other countries.
View the New Hampshire Foreign Direct Investment Report here.
“Plymouth State University’s comprehensive analysis of foreign direct investment in New Hampshire is substantial and important,” said Taylor Caswell, Commissioner, Department of Business and Economic Affairs. “This work will be highly useful as part of our department’s growing concentration on key geographic areas and sector emphasis as we refocus New Hampshire’s international commerce activities. The relationship between BEA and our state’s innovative academic centers is crucial to the advancement of our economy. The work that went into this report and the action that it will inevitably lead to is an excellent example of New Hampshire’s competitive edge.”
According to Dr. Wu and Dr. Wright, East Asia (Japan, Korea, and China), Australia and the Middle East show the possibility of strong FDI growth for New Hampshire. However, the Report’s FDI Origin Index shows that European and Canadian companies lead all others in current and potential FDI in New Hampshire. European countries such as Germany, Switzerland, France, Italy and the Netherlands show strong desire to invest here.
“Today’s report is a shining example of why public universities exist and is at the heart of our commitment to this region, all New Hampshire residents and the entire state of New Hampshire,” said Donald L. Birx, Ph.D., President, Plymouth State University. “This report highlights the kind of work our faculty and students do every day, important, cutting-edge research that provides businesses, residents and government entities insight into challenges and opportunities that can increase business, job opportunities and spur economic growth.”