Entries in Business Development (46)
NHDP - NEW WEB AD: Two Days Before Entering U.S. Senate Race, Brown Endorsed Offshoring American Jobs As Business Strategy
Documents filed with the Securities and Exchange Commission on March 12th, 2014 show Brown signed documents that endorsed "using low cost manufacturing bases such as China and Mexico" to increase the company's bottom line. Brown began his run for the U.S. Senate just two days later on March 14th.
“Scott Brown raked in more than a quarter of a million dollars from Kadant, even though he knew the company had outsourced jobs and relied on low cost manufacturing bases in China and Mexico—it’s despicable,” said New Hampshire Democratic Party Communications Director Julie McClain. “In the Senate, Scott Brown voted to protect tax breaks that reward companies that move American jobs to places like China and Mexico. Now he is cashing in on the board of a company that did just that. Scott Brown is running for Scott Brown and his own bottom line—not New Hampshire.”
During yesterday’s Republican primary debate on WGIR's "New Hampshire Today," Scott Brown called Kadant a “very proud and good company” and insisted he would not resign from the Board, despite calls for him to do so from labor leaders representing tens of thousands of New Hampshire workers and their families.
“Brown is refusing to answer questions about his role with the company, and has insisted he will continue to sit on its Board. Not only does he know about Kadant’s history of outsourcing, but he’d like to continue to profit from his role there --even while he runs for Senate in New Hampshire. It’s unconscionable," added McClain.
This isn't the first time Scott Brown has been caught cashing in on his senate candidacy and selling reputation with a company at odds with New Hampshire values. Earlier this summer, the Boston Globe reported that Brown was receiving $1.3 million in stock for joining the board of a shady penny stock, Global Digital Solutions, Inc. (GDSI), When questions arose about his ties to the beauty supply company turned arms manufacturer with no products and no manufacturing facilities and run by executives who were sued for securities fraud, Brown was forced to resign in disgrace.
Concord- House Republican Leader Gene Chandler (R-Bartlett) released the following statement in reaction to CNBC’s recently published ranking of the top states to do business. CNBC ranked New Hampshire 30th in the nation to do business, slipping from 27th in 2013.
House Republican Leader Gene Chandler (R-Bartlett)
“New Hampshire’s strength has always been attracting and retaining business. This should serve as a red flag that the next legislature must work diligently to improve New Hampshire’s business climate in order to ensure the high ranking we enjoyed in previous years. Republicans have fought back as the current majority sought to suspend several business initiatives that were passed by the previous legislature, however the majority continued to over spend and over regulate businesses in New Hampshire causing us to slip from 19th to 27th in 2013 and 27th to 30th in 2014. This is unacceptable.”
“There should be a serious focus on making this state more business friendly. We should be meeting with businesses to see what they need to thrive in New Hampshire, and not pass laws based on what we think they need. We need to compete regionally and nationally in order for businesses to locate, grow and create jobs here in New Hampshire. Our long term economic viability depends on it.”
NH HRA Comments on New Hampshire’s Drop From the Top Half of the Country to the Bottom Half in CNBC’s Ranking of Top States for Business
The House Republican Alliance issued the following statement in response to news that New Hampshire’s ranking on CNBC’s list of best states for business has continued to slide under the Democratic majority in the NH House of Representatives.
“In 2010 through 2012, the two years that the Republicans were in last a majority in the New Hampshire, we began the recovery from the prior overspending and over regulating under the then prior Democrat majority, which had dropped New Hampshire to near the middle of the country as a whole in CNBC’s ranking of states best for business. In fact, we were able to bring New Hampshire up to the 19th position and the signs looked good for continued improvement. Unfortunately, the current Democrat majority and their overspending and anti-business efforts have undermined our successes and caused New Hampshire to fall to 27th in the 2013 rankings and now to 30th in the 2014 ranking released by CNBC today. If that Democrat majority and therefore this trend of dropping an average of over five positions a year continues to the end of the next term, New Hampshire will be below 40 in the rankings and in the company of Louisiana, West Virginia and Rhode Island as states businesses avoid,” said Rep. Bill O’Brien, Mont Vernon.
“This slide toward economic stagnation in New Hampshire will only end when we return to a state government that understands that if New Hampshire businesses have to pay more taxes than Massachusetts businesses, as they do now, and operate under an ever-increasing burden of California-style regulations, as again they do now, then they will not be able to produce the jobs and prosperity that once made New Hampshire the envy of its neighbors. The time for change and reform is on us.”