New Hampshire economy | New Hampshire Public Radio

New Hampshire economy

photo of sign saying please wear a mask
Daniel Barrick / NHPR

For the past year, businesses and organizations in the state have been required to follow a series of regulations aimed at slowing the spread of COVID-19.      

As of Friday at 11:59pm, those restrictions are being lifted, with a single voluntary set of guidelines coming into effect.

Photo of SIG Sauer sign outside company headquarters
Todd Bookman/NHPR

Firearms manufacturer SIG Sauer is expanding its operations in New Hampshire with the help of a $21.1 million state treasury bond and nearly $2 million in other financial incentives. 

The deal comes as SIG Sauer, already one of the largest firearms-makers in the country, races to fill a $580 million U.S. Army contract for hundreds of thousands of pistols, as well as other military orders and surging private sales. 

Dan Tuohy/NHPR

People of color and women have experienced higher unemployment than whites and men during the COVID-19 pandemic, and women of color and Latina immigrants have the highest jobless rates, according to new research by UNH’s Carsey School of Public Policy.

Dan Tuohy | NHPR

New Hampshire's seasonally adjusted unemployment rate ballooned to 16.3 percent in April, the highest level since local reporting on unemployment began in 1976, and a clear indicator of the coronavirus’s staggering impact on the state economy.

Dan Tuohy; NHPR

Governor Sununu announced plans for a slow reopening of the New Hampshire economy after more than a month of stay-at-home orders, yet many businesses remained closed and people rethink their summers. We talk about the summer economy in New Hampshire and what to expect this year, from tourism to real estate. 

Air date: Monday, May 4, 2020. 

Dan Tuohy/NHPR

As schools close, business travel is cancelled, and more offices encourage people to work from home, we look at how response to the spread of the coronavirus impacts our economy in New Hampshire, and what global economic volatility might mean for the Granite State. 

Click here for all of our coronavirus coverage. 

Air date: Wednesday, March 11, 2020. 

In 2019, we make a tentative forecast of the economic trends to watch in the new year. From continued affordable housing challenges in New Hampshire, to tariffs and stock market fluctuations internationally, we look at what indicators you should keep an eye on. 


State of N.H.

Corporate subsidies are something of a taboo topic in New Hampshire. The state historically doesn’t offer them and, to hear most elected officials explain it, they wouldn’t even consider subsidies when courting new businesses. That was the case when Amazon was scouting potential sites for its new headquarters and 50,000 accompanying jobs.  

Small Arms Defense Journal

It’s an eye-catching statistic in an otherwise routine data dump.

Through the first ten months of 2018, sales of New Hampshire-made weapons to Saudi Arabia soared. 

NHPR Photo

In most election years, the thinking goes that a strong economy boosts the party in power. The incumbents can argue ‘Hey, just look at your wallet!' as they make a pitch for another term.

Governor Chris Sununu is very much following that playback, while his challenger Molly Kelly works to paint a different economic picture in the state.

Artaxerxes; Wikimedia Commons

We take a look at the health of New Hampshire's economy, real estate market, and banks ten years after the recession. We also talk about the importance of migration for growing the state, and the announcement of new jobs at BAE, a Londonderry company leaving the state because of a lack of public rail, and ARMI's plan to be in production by spring. 

Sarah Gibson / NHPR

Scientists, tech entrepreneurs and government officials are in Manchester this week to talk about human tissue engineering. It's a complicated new technology, but backers say it could transform southern New Hampshire's economy.

N.H. State House
Allegra Boverman for NHPR

The New Hampshire Attorney General’s office is asking businesses that receive sales tax bills from other states to notify them so it can investigate possible scams.

The action comes in the wake of the Supreme Court’s ruling earlier this year that cleared the way for states with a sales tax to require business that sell goods online to collect and remit that tax on their behalf. The Wayfair decision creates concern in New Hampshire, where businesses lack experience collecting a sales tax.

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.

Dan Tuohy / NHPR

By all accounts yesterday was an embarrassing day for political leaders in Concord. The bill they crafted, at Gov. Chris Sununu’s direction, aimed to blunt a U.S. Supreme court ruling that could force local business to collect taxes for other states. It was rejected by the New Hampshire House. NHPR’s Josh Rogers and Peter Biello talked about the political ramifications of the bill's failure, particularly for Sununu.

Allegra Boverman for NHPR

State lawmakers failed to pass a bill Wednesday that backers say would have protected New Hampshire businesses from having to collect sales taxes on behalf of other states.

The outcome, during a special session of the Legislature, was a surprising turn given that leadership in both parties and Governor Chris Sununu backed the broader bill.

JJBers via Flickr/Creative Commons

A major ruling by the U.S. Supreme Court last month means that states that impose a sales tax can now require businesses located outside of their borders to collect that tax and turn the money over. It’s a big deal for New Hampshire, one of the few states without a sales tax.

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.

TaxRebate.org.uk/Flickr

If you are having trouble buying a home in New Hampshire right now, you are not alone.

New data released by the New Hampshire Housing Finance Authority shows that a dearth of single family homes is driving up prices, with many sellers receiving multiple offers above the listing price.

Kandy Jaxx / Flickr

The state’s unemployment rate ticked up to 2.7 percent in May, a tenth of a percent higher than the April figure.

New data released on Tuesday by the New Hampshire Employment Security office show more than 2,000 jobs were added to payrolls last month. That was offset by slightly larger growth in the New Hampshire labor force.

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.

 

Robert Garrova for NHPR

More than two dozen low income communities across the state could be in the running for a new federal tax break program.

Provisions for so called Opportunity Zones were rolled into the Tax Cuts and Jobs Act. They're meant to encourage development in economically-distressed areas across the U.S. by allowing investors to defer certain taxes on investments in those communities.

Katherine Garrova

At her home studio, embroidery artist Sarah Benning stitches together one of her pieces. It’s a sun-filled room at this time of the morning. The artist’s finished work spills into the space around her with dozens of circular canvases bubbling up onto the walls. There are also plenty of house plants around.

 

“A lot of my work is inspired by my own house plants,” Benning says, “The very first plant pieces I stitched were actually inspired by houseplants that I killed, luckily I’ve gotten better and they’re not all dead plants now.”

Todd Bookman/NHPR

The United States Supreme Court will hear arguments Tuesday in a case with huge potential impact on New Hampshire businesses, as well as anyone who shops online.

The case essentially pits the 45 states that impose a sales tax against the handful that don’t, including the Granite State.

Ian Lamont

We look at two economic forces that directly impact each other: international trade and the stock market. What do trade announcements from Washington mean for New Hampshire, and how does a fluctuating stock market impact our economy? We'll also look at a big employer for Granite Staters: foreign companies.

Kandy Jaxx / Flickr

The state’s unemployment rate remained at 2.6 percent in the month of January, unchanged from December. New data from New Hampshire Employment Security shows the state added 60 jobs last month, while the state’s labor force held steady at 746,680.

New Hampshire’s seasonally adjusted unemployment rate has remained below 3 percent for more than two years, as businesses scramble to find enough workers to fill open positions.

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. 

Courtesy photo

Joel Storella’s “Cash Only Vintage” is about the last thing visitors to Littleton, New Hampshire expect to find while strolling along Main Street.

The quintessential New England town is known for being home to the world’s longest candy counter and the author of Pollyanna...but vintage Ralph Lauren sweatshirts and highlighter colored ski suits? Not so much. But those are just two of the many 80s and 90s gems you’ll find at Storella’s vintage clothing store.

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