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Annual Membership Survey — We Need Your TECH VOL. 23 NO. 2 NewsMarch/April 2012 Innovation & Entrepreneurship— Annual Membership Journalist Scott Kirsner to Keynote NH High Tech Survey — We Need Council 2012 Entrepreneur of the Year Event Your Feedback! Scott Kirsner, well-known journalist who In the coming weeks, covers the technology sector for the Boston the Council offi ce Globe, will deliver the keynote address at the will be distributing NH High Tech Council’s 2012 Entrepre neur of the its annual survey Year (EOY) Awards Dinner. The 24th annual EOY electronically to the event will be held on Monday, May 7, at 5:30 pm NHHTC membership. at the Radisson, Center of New Hampshire in Your participation Manchester. in this year’s survey Established in 1988, the NHHTC EOY Awards is one of the most Dinner serves as the signature event for the important actions Tom Daly Scott Kirsner Council. To date, the Council has recognized that can be taken, as NHHTC Chairman EOY Keynote more than 50 New Hampshire entrepreneurs the results obtained for their signifi cant contributions toward advancing technology and from the survey will demonstrating leadership, ingenuity and innovation. The evening provide primary guidanc e to the Council’s event attracts more than 300 tech industry leaders from across the Board of Directors regarding the services, region and includes networking, a dinner, the keynote address, and programs, and activities of the Council in this year’s Entrepreneur of the Year awards ceremony. future years. As a review of the efforts of the Council to date, the member survey is “Scott knows the tech sector better than most everyone on the our formalized evaluation of the Council East Coast. He is an excellent public speaker and regularly engages and its Board of Directors. with the wider community of entrepreneurs across the country. We’re fortunate to have him as our keynote and look forward to an The survey will cover a broad range of informative and entertaining presentation,” said Tom Daly, chair of the topics, including evaluation of our past Council Board. activities to date: From newspaper columns to blogs to books, Kirsner has a passion • Measurement of impact of our for writing about innovation and entrepreneurship. His “Innovation programming upon your business Economy” column appears each Sunday in the Boston Globe, and in New Hampshire by providing he has been a regular contributor to Fast Company, BusinessWeek, opportunities for networking, Variety, and Wired. Kirsner’s writing has also appeared in the New York recognition, and exposure. Times, the Hollywood Reporter, Salon, the San Jose Mercury News, • A rating of the effectiveness of our and Newsweek, and he has authored several technology-based books. legislative work to ensure that we keep In addition to his career as an author and journalist, Kirsner serves New Hampshire a business friendly as the program chair for three regional events focusing on innovation: state. the Nantucket Conference, Future Forward, and the Convergence • An evaluation on the Council’s impact Forum. to drive workforce development in New Hampshire. Continued on page 3 Continued on page 3 Thank you to our Corporate Sponsor Program participants NH Legislature Pushes The Envelope Fred Kocher, NHHTC President Whether it’s taxes, spending, education, healthcare, that contributed to NH’s Community Colleges or the state pension system, this session of the NH for scholarships and for workforce development Legislature is pushing the envelope like it hasn’t been programs. The NH Senate Ways and Means Committee pushed in recent memory. An example of this occurred recommended it, but sent it to interim study until next in the House Judiciary Committee, where a bill would session. The NH House Ways & Means Committee has a have allowed the Supreme Court to determine the similar bill that it recommends, and is sending it to the constitutionality of judicial acts and the Legislature Senate for approval this session. to determine the constitutionality of legislative acts. • Casino Gambling Revenues to Lower Business Taxes: According to my source, the bill would have the A bill in the NH House that would create four casinos in Legislature pass laws and then determine whether they NH, and use revenues to reduce business taxes in NH, were constitutional. Thankfully, after deliberations, this has been easily defeated. The NH Senate has a similar twist to separation of powers was deemed inexpedient bill that is still in play. Salem has a particular interest to legislate. However, another bill that passed the House in locating a casino at the Rockingham Race Track. A would strip the judicial branch of its rule-making authority move by MA to create several casinos appears to have – an issue where some legislators claim that court pushed certain NH legislators in this direction. The administrators have used rule-making power to dilute the NHHTC Executive Committee has discussed the idea of clout of lawmakers and the Governor. Other legislators using casino revenues to lower business taxes, and its feel it’s a violation of the separation of powers. While this preliminary opinion is that the issues of building casinos isn’t an issue that would normally make this report, it does and business tax reduction ought to be considered show the degree to which this Legislature is pushing the separately, stand on their own merits, and not be envelope. combined in one piece of legislation. We will continue to On a more realistic note, this is a business-friendly monitor such legislation in the Senate and developments Legislature, however, the legislative process has three as they occur. legs that have rarely been in agreement on anything • Right to Work: House Bill 1677 is similar to legislation – the House, the Senate and the Governor. So, it will from the 2011 session, which passed the House and be most interesting to see what fi nally emerges on the Senate, but was vetoed by Governor Lynch with a following bills and as the session progresses through its subsequent override vote that failed. This year’s bill second half, and as two legislative commissions make allows employees within union organizations to choose recommendations on taxes and state government’s whether or not to support that union fi nancially as a relationships to businesses. member of the union or to pay other “agency fees” Here are some key legislative issues that the NH High Tech for non-member representation. In short – it bars Council is following: unions from requiring non-members from paying for • R&D Tax Credit: The Council’s top issue this session is representation. The House and Senate are likely to pass the proposed increase in the overall cap on the R&D tax it again this year, and the Governor is expected to veto it credit against the Business Profi ts Tax and the Business again. The Council took no position on this bill. Enterprise Tax. We testifi ed in favor of SB-295 before • Commission to Study Business Taxes: A commission the NH Senate Ways and Means Committee which was created by the Legislature is studying the present system unanimous in its support of the bill, which doubles the of business taxation in NH, including, but not limited cap from $1 million to $2 million, and thus increases to, the rates and allocation among taxpayers of the the number of companies that might receive a credit. Business Enterprise Tax, the Business Profi ts Tax, and The entire Senate then voted to pass the bill. In the past the Interest and Dividends Tax. One of their goals is to two years, the dollar amount of requests for the credit provide a business tax environment that enhances the has exceeded $2 million. There is indication from a growth of jobs, income in the State, and the transition key member of the NH House that it will be pushed for to clean and renewable energy. The Commission is also approval in that chamber. We thank Senator Bob Odell looking at safe harbors for reasonable compensation (R-Lempster) for his key sponsorship of this legislation. deduction. The Commission’s report is due Nov. 1, 2012. The bill now goes to the House. If any NHHTC member wants to contact the Commission, • Community Colleges Tax Credit: NHHTC also testifi ed let NHHTC staff know via the Council offi ce at in support of SB-405 that would have provided a tax [email protected]. credit against the Business Profi ts Tax for businesses Continued on page 7 2 Besides serving as President of the Council, Fred Kocher is also the host of “NH’s Business” on WMUR-TV. Tom Daly — Continued from Page 1 One of the most important questions we’ll ask on the Your participation is critical! As stated, it is important survey relates to the Council’s mission and the efforts of that every Council member participate in our electronic its Board of Directors. The Council’s mission statement survey. We will be using e-mail as our primary means of reads: “The Council brings together representatives from distribution of the survey, so it is important to ensure that the private and public sectors to establish and maintain the Council has your email address on fi le. If you aren’t fi nancial, technical, legislative, and educational programs receiving our electronic newsletters (sent almost weekly), that support research and economic development efforts we don’t have your current email address. If this is the that help New Hampshire lead in entrepreneurship and case, please head over to our brand new website at business on a national level.” Worth thinking about and nhhtc.org/contact-us/ and drop us a line with your refl ecting upon today is your opinion on the Council’s up-to-date information.
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