This bill mandates the Department of Business and Economic Affairs to incorporate domestic and international corporate relocation logistics and investment considerations into its annual reports and agency objectives. Specifically, it amends existing laws to include new responsibilities for the department, such as planning and administering programs that promote business development, including domestic and international corporate relocation logistics and investments in the United States as coordinated through the United States Department of Commerce and other relevant agencies. Additionally, the bill emphasizes the need for measurable results and metrics to assess the effectiveness of promotional and assistance programs, as well as the identification of emerging economic conditions that may impact business opportunities in New Hampshire. Furthermore, the bill introduces several amendments to existing statutes, including the replacement of "Business financing" with "Domestic and international business recruitment" in the New Hampshire Economic Development Fund, and the addition of metrics on the effectiveness of promotional and assistance programs in the goals and objectives of the economic development strategy. It also requires the division of economic development to provide annual updates on the economic development strategy and to issue a supplement to the annual report if significant changes in economic conditions occur. The bill aims to enhance business development and investment opportunities in New Hampshire, particularly in light of the substantial investment pledges made by various countries and businesses.

Statutes affected:
Introduced: 12-O:20, 12-O:21, 12-O:26, 12-O:27, 12-O:28, 12-O:40
HB1617 text: 12-O:20, 12-O:21, 12-O:26, 12-O:27, 12-O:28, 12-O:40