State ignored economic development law, so BIA stepped in
Strategic Economic Plan HighlightsBusiness growth, retention and attraction: Increase overall state investment in and streamline access to New Hampshire's research and development tax credit to promote business investment in advanced manufacturing and high technology.
Education: Commit sufficient statewide resources to ensure a high-quality, lifelong educational system.
Energy: Explore tax credits as an alternative to the current competitive grant system to encourage energy efficiency investments. This would give businesses greater flexibility to control their energy efficiency investments and would reduce the potential for diversion of dedicated funds.
Fiscal policy: Working with the business community, find efficiencies in state government to reduce costs, including but not limited to current efforts to employ lean practices (a process for identifying and eliminating duplication and waste).
Health care: Develop and establish a regulatory framework to allow health care providers to collaborate, integrate and engage in collective discussions that will support lower costs, higher quality and better access to care, while preserving protection of the public's interest.
Infrastructure: To maximize highway revenues, encourage public/private partnerships to improve or replace New Hampshire's aging transportation infrastructure, such as rest areas and toll facilities.
Natural and cultural resources: Compile a master survey to measure the economic impact of New Hampshire's natural, cultural and historic resources.
Regulatory environment: Explore state agency certification of outside consultants and offer incentives for businesses to contract with these consultants to reduce inspection costs and increase compliance with state statutes and regulations.
Workforce housing: Revise building codes to simplify conversion of existing structures to multi-unit workforce housing.
The full report is available at www.BIAofNH.com/strategic.
Source: Business and Industry Association
That's one reason the Business and Industry Association, the statewide chamber of commerce, felt compelled to step up and fill the void with a plan for New Hampshire that contains more than 100 recommendations.
The plan was developed by nine committees working in April, May and June, each focused on a specific topic. The topic areas were business growth; education; energy; fiscal policy; health care; infrastructure; natural and cultural resources; regulations; and workforce housing.Each group worked to create a vision of positive outcomes in each area, then developed goals toward that vision and tactics to support those goals.
According to the BIA, "the plan pays particular attention to the advanced manufacturing and high technology sector because of its demonstrated economic impact to the state."
Law ignored for years
There is a provision in state law under RSA 9-A that calls for a comprehensive development plan to be renewed or revised every four years, beginning on Oct. 1, 2003, and transmitted to the General Court.
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