Business and Economy

Business and Economy
5:00 am
Mon August 4, 2014

S'more Than Tradition: Summer Camps Bring Big Dollars To The Granite State

The swimming dock at Camp Coniston
Credit L. via Flickr Creative Commons

Happy campers produce more than beaded wallets and macramé planters. They also generate millions in revenue, payroll and taxes.

At last count there were 289 youth summer camps in New Hampshire, contributing $317 million to the state’s economy and supporting 4,400 jobs with $128 million in total payroll, according to a 2011 report issued by the American Camps Association of New England.

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Business and Economy
5:06 pm
Wed July 30, 2014

The Currency: Federal Export Bank Debate Sparks Concerns In N.H.

Michael Boyle runs one of New Hampshire's largest exporters--and is a vocal supporter of the Export-Import Bank.
Credit Amanda Loder / NHPR

The Currency is NHPR's ongoing look at economic and business news in New Hampshire. 

The Biggest Bank You've Never Heard Of

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Market Basket
6:50 am
Thu July 24, 2014

How The Market Basket Debacle Has Affected The Brand

Warehouse workers protested Tuesday outside the Market Basket distribution center Tewksbury.

Originally published on Wed July 23, 2014 9:14 am

The shelves are bare at many of the 71 Market Basket locations from Massachusetts to Maine as the public battle over the future of the supermarket chain shows no sign of slowing.  

Defiant workers gathered outside the company’s distribution center in Tewksbury today, demanding the reinstatement of ousted CEO Arthur T. Demoulas and demonstrating their contempt for anyone who hasn’t taken up the cause. 

GUESTS

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Business and Economy
4:03 pm
Wed July 23, 2014

The Currency: Biz Reporter Brings N.H.'s Stratospheric Export Numbers Down To Earth

North Dakota's oil boom is having a direct effect on N.H.'s export numbers.
Credit Tim Evanson / Flickr Creative Commons

The Currency is NHPR's ongoing look at economic and business news in New Hampshire. 

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Business and Economy
11:42 am
Wed July 16, 2014

The Currency: How An Exeter-Based Skate Company Is Becoming One Of The Biggest Names In Sports

Credit Dale Walker / Flickr Creative Commons

The Currency is our ongoing look at economic and business news in New Hampshire. 

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Business and Economy
4:30 pm
Wed July 9, 2014

The Currency: As Paper Industry Folds Across U.S., N.H. Mill Thrives

Monadnock Paper Mills provides paper for special edition DVDs, high-end catalogs, and product packaging.
Credit Amanda Loder / NHPR

The Currency is our ongoing look at economic and business news in New Hampshire. 

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Business and Economy
2:30 pm
Tue July 8, 2014

Demographics, Wealth, Resiliency Add Up To More Over-Fifty Entrepreneurs

Boomer entrepreneur Steve Young poses on his motorcycle.
Credit Sheryl Rich-Kern for NHPR

What’s a classic profile of an entrepreneur? Smart, prone to risk and under the age of thirty. 

Steve Young of StreetWize Technologies personifies some of those qualities, except he’s a 56-year old starting a new business aimed at older motorcycle riders.

Young takes his fiery orange Harley Davidson touring bike out for a spin near his shop in Nashua. Soon he’ll install a product in the bike that you can’t see: a hidden third wheel. 

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The Currency
5:21 pm
Wed July 2, 2014

The Currency: Nashua Company Scores Contract To Tutor Feds In Foreign Languages

Credit Angel Raul Revelo Rodriguez / Flickr Creative Commons

The Currency is our ongoing look at economic and business news in New Hampshire. 

Fireworks Industry Thrives In N.H. Amid Loose Regulations

Backyard pyrotechnics are a favorite—and legal—way for Granite Staters to celebrate the Fourth of July.  And the fireworks lobby has been fighting to not only keep them legal, but to deregulate them. 

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The Currency
3:11 pm
Wed June 25, 2014

The Currency: Long Time CEO Of King Arthur Flour Steps Down

After 15 years, Steve Voigt is stepping down as CEO of America's oldest flour company.
Amanda Loder NHPR

The Currency is our ongoing look at economic and business news in New Hampshire. 

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Business and Economy
4:40 pm
Wed June 18, 2014

The Currency: Bay State Solar Company Expands Into N.H.

Industry insiders say solar is poised for huge growth.
Credit Anna Fuster / Flickr Creative Commons

The Currency is our ongoing look at economic and business news in New Hampshire. 

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The Currency
4:29 pm
Wed June 11, 2014

The Currency: Who's Going On The Turkey Trade Mission, And Why They Say It Matters

ROKON owner and president Tom Blais is among the New Hampshire business delegates going on the trade mission to Turkey
Credit Amanda Loder / NHPR

Today we begin a new segment on NHPR called The Currency.  It’s our ongoing look at economic and business news in New Hampshire. 

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Business and Economy
2:13 pm
Wed June 4, 2014

Amid Recovery, Selling N.H.'s Foreclosed Homes Still A Challenge

Credit Taber Andrew Bain / Flickr Creative Commons

New Hampshire’s housing market continues to recover—but slowly.  That’s according to new figures released by the New Hampshire Housing Finance Authority today.

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Business and Economy
6:00 am
Wed April 9, 2014

Harsh Winter Was Great (For The Ski Industry)

Credit skinh.com

It was a long, cold and snowy winter- that was good news for New Hampshire’s ski areas. Karl Stone, Marketing Director for Ski NH says the numbers are good for the resorts AND the state’s economy in general.

How has the 2013/2014 season stacked up?

Right now the numbers look really good… last year was our 5th best on record, and we’re tracking relatively even with that.

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Business and Economy
5:35 pm
Thu January 30, 2014

Senate Kills Latest 'Right-To-Work' Bill

Senator John Reagan of Deerfield and Senate Majority Leader Jeb Bradley of Wolfeboro, both Republicans, speak during a recess on Thursday.
Credit Todd Bookman / NHPR

 The New Hampshire Senate has voted down so-called “right-to-work” legislation.

The vote Thursday morning was 13 to 11, with every Senate Democrat and two Republicans voting against the bill to excuse non-union employees from paying fees to negotiate and administer contracts. 

The Republican-majority legislature in 2011 passed a bill, but they were unable to override a veto by then-Governor John Lynch. 

Opponents including Manchester Democrat Lou D’Allesandro argue "right-to-work" is bad for middle class families.

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Business and Economy
2:17 pm
Tue January 14, 2014

Foreclosures Drop To Six-Year Low

Credit Justin Shearer / Flickr Creative Commons

  Only 161 homes fell into foreclosure in November, the lowest single monthly total since 2007.

New data from the New Hampshire Housing Finance Authority shows foreclosures were down 25% through the first 11 months of 2013, compared to a year prior.

The report credits slow but steady improvements in the housing market and overall economy, and banks allowing more short sales for homeowners who owe more than their house is worth.

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Business and Economy
2:11 pm
Mon January 13, 2014

Two New Oyster Farms Proposed

Credit minwoo / Flickr CC

Two new Oyster Farms could sprout up in Little Bay next year. If approved, it would make ten farms in operation in the estuary.

The max size for an oyster farm in New Hampshire is four acres, but the two proposed farms are both considerably smaller. One, from a UNH Masters student would be 2.5 acres, and the other would be just an acre in size.

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Business and Economy
9:35 am
Fri January 10, 2014

New Mortgage Regulations Now In Effect

Credit dougtone via Flickr Creative Commons

The new year has brought some changes to the process of getting a mortgage. Home buyers may have already noticed as banks and other lenders have tightened standards since the recession, but new regulatory changes are going into effect. To hear how those changes will impact borrowers and the housing market in general, we’ve called Barbara Cunningham. She is with the Greater Manchester/Nashua Board of Realtors and also a member of the Board of Directors of the Mortgage Bankers and Brokers of New Hampshire.

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Business and Economy
4:41 pm
Tue January 7, 2014

Minimum Wage Debate To Return To N.H. State House

The debate over the minimum wage will return to the state house this session.  A proposal to reestablish a state minimum wage failed last year in the Republican-controlled state Senate.  This session, Democrats hope to set a state minimum wage at $8.25 an hour

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Business and Economy
2:50 pm
Tue January 7, 2014

How N.H.'s New LLC Law Will Affect Many Small Businesses

As of this month, most of New Hampshire’s small businesses—and a fair number of larger ones—will be operating under the state’s new Revised LLC Act.  

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Business and Economy
4:48 pm
Thu December 26, 2013

Energy Retailer PPG Suspended, Customers To Pay Original Provider Rates

ISO New England, the region’s energy grid operator, has suspended the independent supplier People’s Power and Gas. 5,700 Granite State customers who turned to PPG for lower rates will be automatically switched to prices set by Public Service of New Hampshire.


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Business and Economy
9:33 am
Tue November 19, 2013

Jobs: Quantity Vs. Quality

The numbers suggest employment levels are returning to where they were before the recession, but those jobs are not necessarily the quality jobs New Hampshire has had in the past. Economist Denis Delay talks about the numbers and trends, and what they could mean for the future of the state.

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Business and Economy
10:30 am
Mon November 18, 2013

Housing & Jobs, Five Years Later

Credit Specspaces via Flickr Creative Commons

Home prices are generally lower than they were 5 years ago, lenders are offering relatively low interest rates, and foreclosures are down after historic highs. At the same time, many home owners are still under water, meaning they owe more than their home is worth. To learn more about the housing market in the state and its impact on jobs, we turn to Russ Thibeault, the President of Applied Economic Research, an economic and real estate consulting firm based in Laconia.

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Business and Economy
3:42 pm
Thu October 24, 2013

N.H. Housing Market Posts Another Strong Month In September

Credit NH Association of Realtors

The New Hampshire housing market had yet another strong month in September. Sales of single-family homes were up by 15 percent over the same month last year, and sales for all properties rose by more than 16 percent.

“Well we’re on almost a two year trend of positive numbers every month,” says Jim Therrien, who in 2014 will become president-elect of the New Hampshire Association of Realtors.

Compared to last September, days on market and total supply were down (-14.2% and -12.2%) new listings and sale prices were up (16.8% and 12.%).

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Business and Economy
2:37 pm
Fri September 27, 2013

Local Start-ups Win $100K in Prize Money

Steve Graves of Kinetic Surface Controls
Sheryl Rich-Kern, NHPR

The New Hampshire High Tech Council and the non-profit abi innovation hub , hosted the state's largest high tech start-up competition  at the second annual Tech Out competition in Nashua this week.

A tech-savvy crowd came to network and pitch their grand ideas to investors.

One of the 20 accredited investors, Jesse Devitte of Borealis Ventures says that, "We’re interested in smart, passionate people that have an idea that can make a material change in the market, where there’s real pain, and we’ll invest in those people."

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Business and Economy
6:00 am
Sat July 20, 2013

Transitions Celebrated At The NH-ICC

NH-ICC CEO Mark Kaplan sits at one of many shared office cubicals at the ICC's new Portsmouth location.
Credit Emily Corwin

   The  New Hampshire ICC – or Innovation Commercialization Center – has been undergoing a series of transitions: it found new leadership, it moved to two new locations, and this week, it’s celebrating a new business model. 

The NH-ICC is a business incubator that helps new entrepreneurs develop effective business models. But lately the ICC itself has been the one searching for a better business model. Mark Kaplan is the organization’s CEO.  He says the old model, which relied on an executive staff – was too expensive to be sustainable.

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Business and Economy
12:40 pm
Wed July 17, 2013

People In New Hampshire Love Their Motorcycles (But Not As Much As People In Montana)

This story was originally published on StateImpact New Hampshire in July, 2012. StateImpact New Hampshire is now an archive. New content will be available from Emily Corwin and Amanda Loder here, at NHPR.org.

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Business and Economy
12:23 pm
Wed July 17, 2013

New 'Granite Fund' To Put Local Capital In The Hands Of N.H. Startups

This story was originally published on StateImpact New Hampshire in July, 2012. StateImpact New Hampshire is now an archive. New content will be available from Emily Corwin and Amanda Loder here, at NHPR.org.

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Business and Economy
3:12 pm
Fri July 12, 2013

PSNH President To Change Role; Will Focus On Northern Pass

Gary Long (L) and PSNH's Bob Bersack at the announcement of the new Northern Pass Route
Credit Emily Corwin / NHPR

President of Public Service of New Hampshire, Gary Long, is stepping down to focus on the contested Northern Pass Transmission Line. He will remain a prominent voice in New Hampshire energy policy.

PSNH says the decision will allow Long to turn his attention to shepherding Northern Pass through the permitting process. “Setting aside the day-to-day operations of PSNH will allow him to devote his full focus to these activities,” says company spokesman Martin Murray, adding that Long remains “absolutely committed” to the project.

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Business and Economy
5:26 pm
Wed June 19, 2013

N.H. Companies Pitch Air And Space Products At Paris Air Show

Staff from the state’s Division of Economic Development along with five New Hampshire small businesses are drumming up sales at the 50th International Paris Air Show this week. 

It’s been thunder storming in Paris  – that’s the word from the state’s Division of Economic Development. Two of their staff are attending the Paris Air Show this week along with five New Hampshire companies: Corfin in Salem; Transupport in Merrimack; TechResources of Milford; Wire Technologies of Lisbon and RDF Corp of Hudson.   

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Business and Economy
4:38 pm
Tue June 18, 2013

N.H. Unemployment Rates Decrease

Numbers from the state show that unemployment in New Hampshire have fallen to 5.3 percent.

In the past, rates dropped because people seeking work stopped applying for jobs.

But this time, economist Annette Nielsen of the NH Employment Security says there has been job growth.

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