Yesterday, U.S. Secretary of Commerce Penny Pritzker participated in the 4th Annual New Hampshire Business Day Luncheon, hosted by U.S. Senator Jeanne Shaheen. The event, which brought together nearly 200 community and small business leaders from New Hampshire, aimed to provide the business community with information about the resources available to them through federal programs and agencies. Secretary Pritzker was joined by Secretary of State John Kerry, U.S. Trade Representative Michael Froman, Department of Transportation Secretary Anthony Foxx, Department of the Interior Secretary Sally Jewell, SBA Administrator Maria Contreras-Sweet, National Economic Council Chairman Jason Furman, and FCC Chairman Tom Wheeler.
During the event, Secretary Pritzker shared her personal experience as a business owner for more than 25 years. Secretary Pritzker also highlighted U.S. Commerce Department tools and services available to New Hampshire businesses to help them grow and thrive.
For example, the Commerce Department has prioritized helping more businesses start exporting and expand their exports to new markets. Secretary Pritzker recently announced NEI/NEXT – the second phase of President Obama’s successful National Export Initiative (NEI) to help all businesses reach the 95 percent of consumers who live outside the United States. According to Commerce Data, an estimated 23,000 good-paying jobs in New Hampshire are supported by U.S. exports. NEI/NEXT will broaden and deepen the Department’s efforts to create an export-oriented business culture in New Hampshire and across the country.
In her remarks, Secretary Pritzker also talked about the Commerce Department’s efforts to support tourism, which is New Hampshire’s second-largest industry. Secretary Pritzker highlighted the President’s steps to increase the number of international travelers. International visitors contributed $139 billion to the American economy in 2013 and the United States has seen an increase of 15 million annual international travelers and this growth has supported roughly 175,000 American jobs. This increase means the United States is on target to attract a record 100 million international travelers a year by 2021, meeting an ambitious challenge to the nation laid out by President Obama two years ago.
The Commerce Department supports New Hampshire’s economic growth by directly investing in their communities, as well. The Department’s Economic Development Administration (EDA) provided a $400,000 grant in 2011 to help build the newly opened Regional Economic Development Center of Southern New Hampshire, which plans to house a business incubator, lending institution, and a training facility that will bring 1,500 jobs and $25.4 million in investment, according to the grantee.
The Manufacturing Extension Partnership in Concord, part of Commerce’s National Institute of Standards and Technology (NIST), also provides resources to New Hampshire manufacturers to deploy new technologies and reduce energy costs, among others. And Commerce’s National Oceanic and Atmospheric Administration’s (NOAA) Sea Grant College Program at the University of New Hampshire helps encourage both conservation and economic growth along the coastline.
The Commerce Department is committed to continue working to provide resources that help New Hampshire businesses create more jobs, innovate, and compete in today’s global economy.