NH Globalization Report

New Hampshire Foreign Direct Investment Report:
Presence and Contributions to State and County Economies

Dr. Roxana Wright ’01MBA, Professor of Management
Dr. Chen Wu, Assistant Professor of Economics


According to the U.S. Department of Commerce[i], “the United States remains an attractive foreign direct investment (FDI) destination”. Our report examines foreign direct investment in New Hampshire from the perspective of presence of foreign subsidiaries. The distributions of foreign subsidiaries are analyzed across counties and industries in New Hampshire, with accompanying inferences on contributions that foreign firms make to the state. The analysis[ii] is based on a sample of 447 subsidiaries of foreign firms.[iii]

The study is unique in its analysis of the distributions of foreign subsidiaries at the level of counties, sectors and industries, in addition to the explorations into firm size and presence in manufacturing and high-tech industries. It is also nuanced in terms of mapping the countries of origin for FDI in various aspects of New Hampshire economy. The results are meaningful for understanding the kinds of foreign firms that operate in New Hampshire, where such firms are located, where the investments come from, and what types of contributions they make to growth and development.

The information included in the report holds value for identifying the sources and geography of foreign presence in the New Hampshire business setting, the scale and main value chain activities of foreign firms, the sectors and industries where foreign firms add jobs and the extent to which foreign firms drive innovation.  The report concludes on strategic aspects of FDI.


Data Sources and References [iv]:

Uniworld Online database (https://uniworldonline.com/)

Amfibi business directory (http://www.amfibi.com)

FindTheCompany database (http://listings.findthecompany.com/)

Bureau of Labor Statistics (https://www.bls.gov/bdm/bdmfirmsize.htm)

Census Bureau (https://www.census.gov/eos/www/naics/)

SelectUSA (https://www.selectusa.gov/resources)

fDi Markets (https://www.fdimarkets.com/)



[i] U.S. Department of Commerce, Economics and Statistics Administration -Office of the Chief Economist, Foreign Direct Investment in the United States, October 3, 2017. https://www.esa.gov/sites/default/files/FDIUS2017update.pdf.

[ii] Methodology is described in various sections of the report. All analysis and results are in the context of the samples used for the study.

[iii] The sample for the analysis presented in the three chapters of origin analysis contains a total of 453 foreign subsidiaries. This varies slightly from the foreign subsidiaries’ sample which contains 447 subsidiaries in other parts of the report, as more data was collected for the purpose of origin investigation.

[iv] Specific references are included inside sections of the report.