Economy

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Parts of the state with lower property values may have a harder time building their economies. That’s one of several ideas outlined in the New Hampshire Fiscal Policy Institute’s recent brief “Measuring New Hampshire’s Municipalities: Economic Disparities and Fiscal Capacities.”

Allegra Boverman for NHPR

Job growth in the Granite State is still healthy - while wage growth remains slow.  Consumers seem in the mood to spend, but some local retailers say they lack shoppers.  And New Hampshire's housing crunch just gets tighter -- especially for renters.

Bernard Spragg via Wikimedia Commons

It can be hard to get excited about something as abstract as a soybean or steel tariff, but that doesn't mean you can just ignore it.

Robert Garrova for NHPR

Just off busy Main street in Conway Village, George Wiese gives a tour of the inside what’s known as the Bolduc Block in the center of town.

Constructed in 1931 by local businessman Leon Bolduc, this batch of brick buildings has housed a department and grocery store, the post office and many other businesses over the years. And at the heart of the block, a theater: The Majestic.

DCist Photos

How are tariffs and international trade disputes impacting our state? We also take a look at summer employment, including the shortage of workers. And, how do large companies mergers impact the little guys?

Robert Garrova for NHPR

In New Hampshire’s increasingly tight rental market, one area where there’s new development is conversion of industrial buildings. It’s a niche market, but one that’s attracting multiple generations of residents.

 

In a parking lot in Manchester, surrounded by a maze of early 20th-Century brick factory buildings just south of the ballpark, Mike Bernier explains how he ended up here.

 

NHPR File Photo

 

This year's New Hampshire Governor's Conference on Tourism is focusing on Main Street.

The conference by the New Hampshire Travel Council is scheduled for May 14-15 in Concord.

A presentation on May 14 will focus on "New Hampshire Creative Economy: Prosperity Through Arts and Culture," followed by breakout sessions.

The latest tourism industry trends will be discussed May 15 at the Grappone Conference Center with the keynote presentation, "Adapting Geotourism Strategies."

We'll look at the President's new budget proposal and how it may impact Granite Staters, and discuss what the recent closure of several labor and delivery units at local hospitals means for our healthcare sector in New Hampshire. 

GouldHillFarm.com

A proposal to make it easier for New Hampshire farms to host things like weddings and larger-scale events will be up for consideration by state lawmakers in January.

The issue has come up repeatedly in recent years, both in the state legislature and in court cases.

Local regulations on what's known as 'agritourism' — events that bring visitors onto farm property — vary significantly from town-to-town.

Henniker Christmas tree farmer Stephen Forster, for example, has been fighting with officials in his town for years to host weddings on his property.

AP

New Hampshire's congressional delegation is urging the state attorney general to join other states suing the Federal Communications Commission for repealing "net neutrality" rules.

Sens. Jeanne Shaheen and Maggie Hassan, and Reps. Annie Kuster and Carol Shea-Porter wrote to Republican Gov. Chris Sununu and Attorney General Gordon MacDonald on Friday. It came a day after the Republican-controlled FCC voted to scrap an Obama-era rule that guaranteed equal access to the internet.

With the holiday season upon us, we look at the outlook for N.H. retailers, as some venture into online sales; meanwhile there's also something of a retail reversal underway -- as some mega online companies go brick-and-mortar. Also, as consumer debt reaches new highs, some worry another borrowing bubble could be in the cards. And: Is the Granite State economy going strong or getting weaker?


Todd Bookman/NHPR

President Donald Trump was elected last year with a promise to put America first: to renegotiate or possibly scrap trade deals he argues aren’t benefiting the United States.

In northern New Hampshire, where the state bumps against the Canadian border, those policies are now playing out in the lumber industry, leaving loggers and sawmills on both sides of the border adjusting to a new economic landscape.

Todd Bookman/NHPR

Local economies don’t turn on a dime. When a factory town loses its factories, and workers lose their jobs, it can take decades for a community to get back on its feet.

That’s been the reality in places like Berlin and Gorham: two former paper mill towns in the North Country now trying to reinvent themselves.

Businesses, officials and residents are hoping that ATV tourism can provide a much-needed financial boost. 

Todd Bookman/NHPR

Commuter rail fans in New Hampshire received some good news recently. A private train company is offering to connect Nashua and Bedford to Lowell, Mass., with the promise that the towns won’t be on the hook beyond the costs of maintaining a station. If you’ve been following commuter rail issues in New Hampshire for the past two decades, this funding scenario may jog some memories.

Boston commuter cities like Nashua are jumping on the chance to develop a private passenger rail, after years of unsuccessful campaigning for a public rail system. New Hampshire's zoning ordinances and city planning processes are drawing criticism for their contribution to the current over-priced housing market. And millennials get their own commission to help the state appeal to a younger population. 


Allegra Boverman for NHPR

An economist says New Hampshire state revenues are showing signs of leveling off.

Greg Bird of the New Hampshire Center for Public Policy Studies says there's been a marked slowdown in the growth rates of four state taxes: business profits, business enterprise, meals and rentals and real estate transfers.

He says the other 15 revenue streams that feed the state's General and Education funds have remained static for the past 2 1/2 years.

Allegra Boverman/NHPR/Stay Work Play

Scott Crowder made sure to give a shout-out to his parents for instilling in him, as he puts it, “the inability to work for somebody else.”

They were fitting remarks for the person honored as New Hampshire's 2017 Young Entrepreneur of the Year.

Amazon CEO Jeff Bezos’ political donations are not all tethered to one party. This holds true in New Hampshire, which plans to submit an underdog bid for the online retailer’s second headquarters.

The Amazon PAC has contributed to a Sununu -- former U.S. Sen. John E. Sununu, the governor’s brother. The PAC gave $2,000 to the former Senator in the 2008 campaign. It donated $1,000 in 2004 to the Daniel Webster PAC, the senator's leadership PAC at the time.

Other Amazon PAC donations, according to Federal Election Commission finance reports, include:

NHPR File

 

New Hampshire had the highest median income of any state in the U.S. in 2016. 

 

According to the latest income data released by the U.S. Census, the state's median household income last year was over $76 ,000, which is 30 percent higher than the national median.

 

The typical New Hampshire household earned $35,000 more a year than the typical household in Mississippi, which is the poorest state in the country.

 

Todd Bookman/NHPR

New Hampshire’s unemployment rate, which ticked down to 2.7 percent in August, remains one of the lowest in the nation.

If you are a glass-half-full person, 2.7 percent is cause for celebration, especially when you compare it to where the state was in 2009, when the recession shot the unemployment rate up to 6.6 percent.

A Manchester man has been fined $40,000 for filing false visa applications.

The U.S. Attorney’s office says Rohit Saksena, 42, runs a staffing company that specializes in connecting American companies with skilled foreign IT workers through the H-1B visa program.

Mark Crawley; Flickr

A new report weighs the economic pros and cons of second homes, especially in towns where they make up a huge chunk of local real estate. A recent forecast of state job growth holds good news for health care workers...and bad news for teachers.  And U.S. News ranks the fifty states, and finds Massachusetts and New Hampshire are the best.


DTLAexplorer

The New Hampshire job market is expected to keep growing at a modest clip, according to projections released by the New Hampshire Employment Security agency. 

In the next two years, the agency predicts the service industry, healthcare, and administrative jobs will account for much of the growth.

Todd Bookman/NHPR

Grover Norquist is occasionally referred to as the ‘dark wizard’ of conservative politics. His Washington-based organization, Americans for Tax Reform, is perhaps best known for its Taxpayer Protection Pledge, which calls on politicians to oppose any increase in taxes.

cincy project, Creative Commons

Rents continue to rise in New Hampshire as a shortage of units pushes prices up.

A new report from New Hampshire Housing, based on a telephone study conducted by the UNH Survey Center, puts the median monthly rent for a 2-bedroom unit at $1,263, up four percent from last year.

Allegra Boverman for NHPR

New Hampshire is moving forward with efforts to sharpen its focus on economic development by dividing the Department of Resources and Economic Development.

The agency is splitting into the Department of Business and Economic Affairs and the Department of Natural and Cultural Resources.

Republican Gov. Chris Sununu on Wednesday nominated Taylor Caswell to serve as the new commissioner of the Department of Business and Economic Affairs, while Jeff Rose, the current commissioner of the former agency, will take over the natural and cultural affairs post.

Courtesy of Globe Manufacturing

  

A Pittsfield-based company that specializes in making safety gear for firefighters is being acquired for $215 million dollars.

Liz West/Creative Commons

BAO Inc., a twenty-year old sales and marketing company that works with firms in the tech industry, announced plans this week to open a new office in the Manchester Millyard.

Michael Kooiman/wikimedia

Wages in New Hampshire fell in the fourth quarter of 2016, mirroring a trend seen across the country.

The average weekly paycheck in New Hampshire was $1,092, according to a report released Tuesday by the Bureau of Labor Statistics. That is down 4.1% from the previous year, the fourth largest decline in the country, and the largest dip in New England.

Allegra Boverman for NHPR

New Hampshire’s economic output grew by 3 percent in 2016, the fourth highest rate in the country.

A new report from the Bureau of Economic Analysis shows the state’s finance and insurance sector helped fuel that performance, along with gains in retail and durable goods manufacturing.

In the fourth quarter of 2016, New Hampshire’s GDP kicked up at an annualized rate of 2.4 percent, a slowdown from the 4.6 percent growth seen in the third quarter of 2016.

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