New Hampshire's manufacturing inventory expanding

Taylor Caswell

CONCORD, NH  -- This week, New Balance announced plans for a 120,000-square-foot manufacturing facility in New Hampshire.

 

It is part of its larger effort to expand manufacturing capacity in the U.S,  "a trend we’re seeing a lot of after the passing of the CHIPS and IRA acts," according to Taylor Caswell, commissioner at New Hampshire’s economic development organization, BEA.

 

Caswell says "this expansion adds to a long list of manufacturing developments in the Granite State – which is home to more than 1,700 manufacturers, employing over 67,000 people (at an average salary of $83,500), with an annual output of $9.8 billion."

 

Recently, the state was granted $400,000 of federal funds directed to New Hampshire manufacturers to help build a supply chain that relies more on local and national suppliers and less on foreigners’ companies.

 

Recent expansions:

·       Advanced Regenerative Manufacturing Institute (ARMI): ARMI – a nonprofit focused on the development of large-scale manufacturing of engineered tissues and tissue-related technology – this spring acquired a $23m, 100,00-square-foot building and will aim to convert it into a biomanufacturing space and a training facility. 

·       Foxx Life Sciences: in 2021, the global leader in Standard and Custom Single Use Systems (SUS) for Pharmaceutical and Biologics production, opened its new manufacturing facility in Londonderry, New Hampshire. The 75,000+ square foot space features a warehouse (with 30-ft. extra high ceilings, new racking, bar code inventory control system, and 13 bays for delivery and shipping), corporate building, and three brand new ISO Class 7 Cleanrooms.

·       Novocure: The global oncology and medical device company recently announced a $9.5 million expansion in the heart of downtown Portsmouth in 2021. The company ranked second for total industry research and development spending in 2022.

·       Lonza Biologics (global vaccine manufacturer with operations in Portsmouth) and PCI Pharma Services (a pharmaceutical outsourcing company with operations in Bedford) are both currently in the process of significant expansions of their manufacturing campuses.

In terms of the CHIPS and Science Act fund, which will help develop the nation’s advanced manufacturing capacity, New Hampshire has some important assets like rural landscape for mega site development and programs to advance manufacturing.

It is one of 25 states with an Established Program to Stimulate Competitive Research (EPSCoR), centered at the University of New Hampshire.

 

CONTACT:

 

Alexa Cangialosi

Violet PR

845.825.1271