Keene is a small city of about 23,000 people, nestled in rural southern New Hampshire. It is a hub for a several surrounding rural towns. The industry of Keene for a long time was in the machine tool sector. Sadly, Keene and the rest of the Connecticut River Valley experienced a vicious bout of deindustrialization between 2001 and 2010. New Hampshire saw 36% job loss in the manufacturing sector during this period.

U.S. Bureau of Labor Statistics, All Employees: Manufacturing in New Hampshire [NHMFG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/NHMFG, April 22, 2019.

The precision machine tool industry that emerged from Miniature Precision Bearing (MPB) back in the 1960’s has been the niche of this regions manufacturing sector. These firms have provided high quality employment opportunities in the area for a long time, offering training, good wages and work that provides a sense of purpose and accomplishment. The manufacturing sector is the backbone of the American economy and the backbone of our community. Manufacturing job loss is devastating because it can have such a deep impact on people’s livelihood and sense of purpose. 

Moore Nanotechnology of Swanzey was an exception to the deindustrialization trend. The company started in 1997 and was able to maintain and general upward growth pattern by building an incredibly high-quality product, and extensive international representation network