CONCORD, NH – Today, Governor Kelly Ayotte and Commissioner Lucy Lange of the Department of Business and Economic Affairs welcomed Vicor Corporation’s planned expansion into New Hampshire, highlighting the project as a significant addition to the Granite State’s growing advanced manufacturing and high-technology economy.
Vicor Corporation develops innovative power components that support some of the world’s most demanding industry sectors. The company’s expansion represents continued momentum in the growing trend of attracting innovative manufacturers and technology companies that seek a highly skilled workforce, a strong business environment, and access to major technology centers throughout the Northeast.
“I’m pleased to welcome Vicor to New Hampshire and see another company expanding advanced manufacturing operations in our state,” said Governor Ayotte. “New Hampshire is proud to be a hub for advanced manufacturing and innovation, and we will continue to ensure it stays that way by protecting our economic advantage, growing our workforce, and recruiting companies from across the country and the world to create more, good-paying careers for Granite Staters.”
Manufacturing remains a major contributor to New Hampshire’s economy. Approximately 1,700 manufacturing businesses employ more than 70,000 workers statewide, representing nearly 12% of total private employment in New Hampshire. The sector encompasses an increasingly sophisticated and diverse range of industries, including advanced electronics, precision manufacturing, aerospace and defense, plastics and chemicals, machinery, and other high-value industries.
“Vicor Corporation’s planned expansion into New Hampshire underscores our state’s growing strength as a destination for advanced manufacturing and high-technology companies,” said New Hampshire Department of Business and Economic Affairs Commissioner Lucy Lange. “Our highly skilled workforce, strong manufacturing heritage, business-friendly environment, and proximity to major technology and innovation centers in the Northeast provide an ideal platform for companies like Vicor to innovate, grow, and compete globally.”
Vicor’s expansion builds on New Hampshire’s longstanding manufacturing base while reinforcing the state’s position as a competitive location for companies developing technologies that serve critical and emerging markets.
The State of New Hampshire, through its business development and economic development partners, continues to work with companies considering expansion or relocation to the state, connecting businesses with workforce resources, state agencies, communities, and other partners to help facilitate investment and long-term growth.
About the New Hampshire Department of Business and Economic Affairs:
The Department of Business and Economic Affairs (BEA) is dedicated to enhancing the economic vitality of the State of New Hampshire while promoting it as a destination for domestic and international visitors. BEA oversees programs in economic development, international commerce, outdoor recreation industry development, planning and community development, travel and tourism, visitor services, and workforce development. For more information, visit
www.nheconomy.com.