The Provident Partners with N.H. Manufacturing Extension Partnership
Financial support from Bank expands commitment to manufacturing during N.H. Manufacturing Month
(PORTSMOUTH, NH., OCTOBER 12, 2017) – The Provident Bank has partnered with the New Hampshire Manufacturing Extension Program as part of an ongoing workforce development effort in the Granite State's largest industry.
The Provident provided financial support to the New Hampshire Manufacturing Extension Program (NH MEP,) and was named the official sponsor of the 2017 Manufacturing Month at the October 6th kick-off event at Eptam Plastics in Northfield, N.H.
“Manufacturing is a powerful engine of economic growth in the state,” said Provident CEO Dave Mansfield. “Creation of manufacturing jobs as well as opportunities to develop and expand NH’s workforce continues to have a measurable impact on New Hampshire's economy. The partnership will help continue to support workforce development, including internships, apprenticeships and job training and is part of the bank's ongoing commitment to manufacturing in New Hampshire.”
“The Provident's support allows us to conduct our outreach program with high schools and middle schools, to schedule tours so that students can visit neighboring manufacturers and learn about career opportunities in manufacturing,” said Zenagui Brahim, president of NH MEP. “New Hampshire is a small state with an aging manufacturing workforce population that will retire soon, and we need to build that workforce. We need to engage bright young people and show them that manufacturing is changing rapidly, as well. Having students visit manufacturers will show them that manufacturing is no longer what it was – it is cleaner, it is a career with great benefits and it's high-technology oriented.”
As part of the NH Manufacturing Month, NH MEP has published the first issue of Cool Stuff Made in New Hampshire” geared toward middle and high school students who are exploring manufacturing careers. The magazine features manufacturer profiles and employee testimonials, and highlights the benefits of working in the manufacturing field. The magazine will be distributed to every single student visiting manufacturers during Manufacturing Month (estimated to be over 2,000), all NH manufacturers (approximately 2,000), and all high schools in the State of NH.
According to “Smart Manufacturing and High Technology,” a report commissioned by the Business and Industry Association, the creation of 100 new manufacturing jobs in New Hampshire will create as many as 138 additional jobs in the rest of the state's economy, add $11 million in earnings, $18 million Gross Domestic Product and generate $1.2 million in state and local tax revenue.
“The manufacturing sector is the largest contributor to the state's economy, and it provides the highest paying jobs in the state,” Brahim said. “By its financial contribution, the Provident Bank shows it is engaged with manufacturers in our state, and want to do more for manufacturing, and we do thank them for their support.”
The NH MEP is part of a national network of manufacturing extension centers that provide business and technical assistance to small and medium size manufacturers. Through MEP, manufacturers have access to more than 2,000 coaches whose job is to help firms make changes leading to greater productivity, increased profits and enhanced global competitiveness.
About The Provident
The Provident Bank is an innovative, commercial bank that finds solutions for our business and private clients. We are committed to strengthening the economic development of the regions we serve, by working closely with businesses and private clients and delivering superior products and high-touch services to meet their banking needs. The Provident has offices in Massachusetts and New Hampshire. All deposits are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).