Business and Economy

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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Business and Economy
5:31 pm
Thu June 13, 2013

PSNH Asks Regulators For Lower Rate

Public Service of New Hampshire is asking regulators if it can lower its rates by nearly 10 percent, or .92 (point-nine-two) cents per kilowatt hour. The rate reduction comes as the state’s largest utility is increasingly under scrutiny for its high rates.

If regulators approve the reduction, PSNH customers will pay 8.62 cents per kilowatt hour. That rate is still more than PSNH’s biggest competitors, two of which offer six month fixed contracts at under 8 cents a kilowatt hour. However, the more competitive price could take some pressure off the utility.

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Business and Economy
2:14 pm
Thu June 13, 2013

Ski Industry Bounces Back In Big Way After Down Season

Credit Bretton Woods

New Hampshire’s ski industry rebounded in a big way this past winter.

There was a 21 percent increase in downhill skier and snowboarder visits compared to the previous season.

New Hampshire ski resorts logged 2.3 million visits from downhill skiers and snowboarders during this past season.

That was markedly better than last year, and a 5 percent increase over the ten-year average.

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Business and Economy
6:55 pm
Sat June 8, 2013

PUC Report: Current Electric Market Conditions "Unsustainable" for PSNH

PSNH's rates have trended above the market rate since mid 2009, with a notable spike this year. This has spurred exponential growth in the number of competitors entering the residential market to court rate-payers away from the last N.H. utility to own power plants.
Credit NH Public Utilities Commission

Staff for the agency that regulate electric utilities have released a strongly worded investigation into the effects of cheap natural gas on Public Service of New Hampshire’s electric rates. The report on market conditions suggests the current situation is unsustainable.

The Public Utilities Commission’s report offers several alternatives to the status quo, including PSNH selling all or some of its power plants, or retiring some of them.

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Business and Economy
5:01 pm
Wed May 22, 2013

New Hampshire Will Lag Neighbors In Job Growth And Housing Prices

New Hampshire likely won't recover all of the jobs it lost in the great recession until 2014. But Massachusetts has already made a full recovery. New Hampshire's Center for Public Policy Studies will present its biannual economic forecast Thursday at the Federal Reserve Bank of Boston.  

NHCCPS Economist Dennis Delay describes the New Hampshire forecast as landing somewhere between guardedly positive, and downright disappointing. 

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Business and Economy
1:16 pm
Wed May 22, 2013

House Passes 'Auto Dealers' Bill Of Rights'

In a floor vote Wednesday, the New Hampshire House passed a bill known around the state house as the “auto-dealers bill of rights.”

The bill puts limits on the demands vehicle manufacturers can make on dealers – ranging from compensation rates for parts to frequency of facility upgrades.

Democratic Representative Ed Butler of Carroll urged his colleagues to vote for the legislation.

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