Economic Opportunity
“Too many people are being left behind in today’s changing global economy, and we must do more to ensure that everyone who works hard has the opportunity to get ahead and stay ahead. As a member of the Senate Finance Committee, my top priority is to encourage innovation and entrepreneurship, while also building the highly skilled workforce that innovation based businesses need to grow and thrive.” – Senator Hassan
To help lay the foundation for the next generation of economic growth, Senator Hassan is focused on fostering innovation, eliminating barriers for entrepreneurs, increasing participation in the Science, Technology, Engineering, and Mathematics (STEM) fields, and expanding access to broadband.
As a member of the Senate Finance Committee, Senator Hassan introduced bipartisan legislation to double the refundable research and development (R&D) tax credit and extend it to more small businesses. The R&D tax credit supports the efforts of businesses to invest in the development of new, innovative products that lead to job creation and a stronger economy.
Additionally, as part of her efforts to support New Hampshire and America’s entrepreneurs, the first bill Senator Hassan introduced was the Reigniting Opportunity for Innovators (ROI) Act, which would help provide the student loan debt relief necessary for entrepreneurs to start up and grow innovative small businesses.
To ensure that our economy works for everyone, Senator Hassan has supported efforts to include more women, minorities, and people who experience disabilities in STEM fields.
Access to high-speed, reliable internet is also crucial to the success of people and businesses in the 21st century economy. Senator Hassan has been a leader in the push to expand high-speed internet to rural areas in New Hampshire and across the country.
To help close the urban-rural digital divide, Senator Hassan joined in introducing the bipartisan AIRWAVES Act, which establishes a spectrum pipeline that will provide more capacity for wireless providers to improve existing service and expand to new areas. Senator Hassan also introduced the bipartisan MAP Broadband Act to help improve the accuracy of the Federal Communications Commission (FCC) mobile broadband coverage maps to ensure that federal investments in expanding broadband are directed toward areas – such as rural parts of New Hampshire – that need it the most.
Net neutrality is also critical to promoting innovation, supporting hard-working people, and encouraging economic growth. Net neutrality ensures that internet service providers treat all sites on the internet equally, and do not impede the ability of businesses and consumers to access certain services or information. Senator Hassan is working to try to overturn the FCC’s backward decision to repeal net neutrality protections.
Senator Hassan will continue fighting to ensure that all hard-working Granite Staters and Americans have the support and resources that they need to succeed in the 21st century innovation economy.
Related News
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June 16, 2021
Senator Hassan Raises New Hampshire Priorities with Treasury Secretary Yellen during Finance Hearing
WASHINGTON - U.S. Senator Maggie Hassan today questioned Treasury Secretary Janet Yellen on President Biden’s Fiscal Year 2022 budget, including issues relating to research & development (R&D) tax incentives, terrorist financing, and unfair trade and supply chains.
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June 01, 2021
Senator Hassan Hosts Virtual Discussion on Need to Pass Bipartisan Legislation to Boost U.S. Competitiveness and Outcompete China with NH Business & Education Leaders
NEW HAMPSHIRE - U.S. Senator Maggie Hassan, Chair of the Emerging Threats and Spending Oversight Subcommittee, held a virtual roundtable today with New Hampshire business and education leaders about the need to boost U.S. competitiveness in order to outcompete China and strengthen U.S. national security. Senator Hassan is working to pass the United States Innovation and Competition Act, a comprehensive, bipartisan bill that will invest more than $200 billion in domestic research, development, and manufacturing. The bill is expected to be voted on in the Senate later this month.
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May 25, 2021
Shaheen, Hassan & Kuster Announce $300K in CARES Act Funding to Cheshire County to Support Economic Revitalization & Development in Monadnock Region
( U.S. Senator Jeanne Shaheen (D-NH) – Chair of the Senate Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies – along with U.S. Senator Maggie Hassan (D-NH) and Representative Annie Kuster (NH-02) announced that the U.S. Department of Commerce’s Economic Development Administration (EDA) will award the Cheshire County government $300,000. The funding will be allocated through the CARES Act to support the Monadnock region’s economic revitalization from the COVID-19 pandemic. Specifically, the funding will support the county’s Monadnock Region COVID-19 Recovery Campaign by marketing the region to outside visitors and businesses, supporting economic growth and job creation.
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May 11, 2021
Senator Hassan Joins Colleagues in Urging the Administration to Work to Remove Retaliatory Tariffs on Spirits & Wine
Today, U.S. Senator Maggie Hassan (D-NH) joined Senators Tim Kaine (D-VA) and Todd Young (R-IN) in sending a letter to the Office of the U.S. Trade Representative (USTR) Katherine Tai and U.S. Department of Commerce Secretary Gina Raimondo. In the letter, they call on the agencies to address the harmful retaliatory tariffs that inhibit trade of whiskey, other spirits, and wine between the United States and European Union (E.U.) and United Kingdom (U.K.). The letter comes as the European Union tariff on American whiskey is scheduled to double to 50 percent in June.
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May 07, 2021
Senator Hassan Visits Moore Nanotechnology to Discuss Workforce Development
SWANZEY – U.S. Senator Maggie Hassan visited Moore Nanotechnology yesterday, which produces ultra-precision machining systems used in consumer electronics, automotive, space, medical, lighting, defense, and aerospace technologies. Senator Hassan spoke with members of the Nanotech leadership team, and thanked them for the innovative work that they are doing in order to drive New Hampshire’s economy forward. They also discussed regional workforce challenges, career pathway partnerships, and encouraging women and girls to pursue STEM careers.
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April 26, 2021
Senator Hassan Joins in Reintroducing Affordable Child Care and Early Learning Bill
WASHINGTON - U.S. Senator Maggie Hassan helped reintroduce the Child Care for Working Families Act, a comprehensive bill to ensure that hard-working families have access to affordable, high-quality child care and preschool.
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April 19, 2021
NH Delegation Applauds HHS Announcement of More than $77 Million for NH Child Care Providers from American Rescue Plan
( Today, U.S. Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH) and Representatives Annie Kuster (NH-02) and Chris Pappas (NH-01) applauded the announcement that the U.S. Department of Health and Human Services (HHS) will award New Hampshire $77,393,843 in grants from the American Rescue Plan to provide relief for child care providers and support working families who need access to affordable child care. This funding is an allotment of the $39 billion included in the American Rescue Plan to support the child care sector, which has been among the hardest hit by the COVID-19 pandemic.
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