State of New Hampshire
Abstract
New Hampshire is committed to the success of its 350 defense and aerospace companies and the 60,000 people they employ. These businesses deliver capabilities and technology used in components working from the depths of the ocean to the expanse of outer space. They are uniquely poised to deliver innovative solutions to their customers, but they continue to feel the effects of decreased defense spending, especially as about 85 percent of companies have fewer than 50 employees. To answer this challenge, the Office of International Commerce created the New Hampshire Aerospace and Defense Export Consortium (NHADEC) to help businesses expand internationally. The state?s smaller companies, already channeling the experience of the consortium, will benefit from the programs included in this grant, which will equip them with the resources needed to diversify and reach new customers. The NH Division of Economic Development will assist with the implementation of consortium programs: ? Market Analysis and Development: Assisting defense companies with understanding target markets for products and return on investment for pursuing those markets and new product developments; ? Export Promotion: Continue branding New Hampshire and its defense and aerospace industries as being a hub of innovation to overseas markets; ? Strategic Planning: Development of strategic and implementation plans for the NHADEC to provide long-term direction for continued growth. The grant will help the consortium sustain itself, providing programs to meet demands of NH businesses. Projected outcomes include strengthening NH?s and the region?s defense and aerospace supply-chain and helping defense and aerospace companies diversify and grow operations, products, markets, and workforce.
Document Details
- Document Type
- DoD Grant Award
- Publication Date
- Oct 25, 2017
- Source ID
- HQ00051710013
Entities
People
- Nathaniel C Nelson
Organizations
- Office of Local Defense Community Cooperation
- Office of the Secretary of Defense