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| 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
