Business and Economy

Business
10:04 am
Thu January 12, 2012

Luxury Tractor Makes Debut At Detroit Auto Show

Craftsman's CTX tractor series is the first to be featured at the Detroit Auto Show. The newly unveiled line is equipped with many automobile-inspired features, including cup holders.
Mercedes Mejia

Originally published on Thu January 12, 2012 12:01 am

At the 2012 North American International Auto Show, it's clear that the industry's love affair with alpha-numeric designations hasn't waned. There's the ATS, the 700C, the MKZ. Now comes the CTX, a new line of Craftsman riding lawn mowers. They are fast, powerful and loaded with amenities.

"Everybody knows that Detroit's the national stage for cars — Motor City is where autos come from. So this show made perfect sense to come here and launch the tractor," says Onney Crawley, Craftsman's director of brand management for lawn and garden.

Read more
The Two-Way
10:50 am
Wed January 11, 2012

Hostess, Maker Of Twinkies, Files For Chapter 11 Bankruptcy Protection

A Twinkie shows off its creamy filling in this file photo from 2005. A snack-cake sales slump is one reason Hostess Brands is seeking protection from its creditors.
Tim Boyle Getty Images

Originally published on Wed January 11, 2012 9:10 am

Twinkies maker Hostess Brands Inc., is again seeking protection from its creditors, filing for Chapter 11 bankruptcy as the company tries to cope with high debt and rising costs of labor and raw materials.

Hostess, which also makes Ho Hos, Sno Balls, and Wonder Bread, is a privately held company based in Irving, Tex. It owes millions to suppliers and labor unions. The company has reportedly found some financing to keep it running during bankruptcy proceedings.

For our Newscast desk, Larry Abramson reports:

Read more
StateImpact
10:30 am
Tue January 10, 2012

Why Candidates Are Spending Less On The NH Primary This Cycle--And What It Could Mean For The Future

There's been a collective notion swirling among New Hampshire politicos and pundits that this year's Republican primary just doesn't stack up to past events. Candidates aren't as anxious to go to town hall meetings and shake hands at nondescript diners. By and large, they're not throwing astronomical sums of cash into unending TV ads. Yes, they're here, touting the importance of the early New England vote.

Read more
The Two-Way
10:09 am
Tue January 10, 2012

News From CES: Some Ford Vehicles Will Give Drivers Voice Control Of NPR's App

A Ford dashboard as it would look when connected to the NPR News app.
Ford Motor Company

Originally published on Mon January 9, 2012 8:00 pm

Amid a flurry of connected-auto news, NPR announced today that its mobile news application will now connect with Ford's SYNC AppLink.

Read more
StateImpact
10:30 am
Fri December 30, 2011

This Year's Essential StateImpact: The 10 Posts That Caught Your Eye (And Your Clicks)

It's hard for us to believe, but StateImpact New Hampshire launched just five short months ago. During that time, we've worked to bring you data-driven reports and analysis focused how business and the economy in New Hampshire work. Our goal is to bring you original journalism, to dig deeper into the big stories of the day, and to bring you the stories you didn't even know were there. And, we've tried to do it in as interesting and as accessible a way as possible.

We're going to do more of the same in the New Year.

Read more
StateImpact
4:27 pm
Thu December 29, 2011

Five Essential Trends That Shaped NH's Economy In 2011

With Christmas and Hanukkah wrapped-up, we've officially reached the pre-New Year's lull. This brief respite from the regularly scheduled holiday cheer is when many people take the opportunity to consider their accomplishments and failures over the past year, and resolve to do better in the future. Other people just go to work for a few days and get really, really bored at their desks as they countdown to their next party.

Either way, it's a bit of a restless period, isn't it?

Read more
Business and Economy
5:08 pm
Tue December 27, 2011

Expansion Could Give Nashua Airport Economic Boost

Nashua Airport
Photo: Sheryl Rich-Kern

Some sectors of the New Hampshire economy are taking longer to rebound from the recession.

Particularly industries that rely on discretionary income, like many of the 20 small airports in the state.

Nashua’s Municipal Airport is one of the state’s oldest and busiest.

But it’s been years since this airport operated to its capacity.

Now a new $16 million construction project may give the airport the economic lift it needs.

It’s a cold, but sunny December morning at the Nashua Municipal Airport, also known as Boire Field.

Read more
StateImpact
11:18 am
Tue December 27, 2011

Federal Block Grant to Aid Renovation Project in New Hampshire Town

A New Hampshire developer plans to renovate two mostly-abandoned apartment buildings in Franklin and turn them into affordable housing for working class families. The company, New England Family Housing, plans to buy the 30-unit building for $615,000.

Read more
November Housing
3:01 pm
Thu December 22, 2011

Housing Market Edges Down

Often, when prices go down, the number of properties sold goes up.  That was the general story during the past four months.  Not in November.  The median price dropped a bit to about  $193,000 and the number of sales ticked down about 2 percent.  Sellers are getting about 5 percent less than they did a year ago.

The realtors’ association says the latest data point to a market that is slowly stabilizing.  The number of foreclosures is headed down.  Analysts say in a year or so, the market will have worked through many of those lower priced homes.

StateImpact
4:12 pm
Tue December 20, 2011

Questions Over I-93 Funding Creates Economic Uncertainty

The state commissioner of transportation warns that if the federal government moves ahead with a plan to cut $40 million of New Hampshire’s yearly highway funds—the completion of I-93 will be placed on hold, indefinitely.  One portion that remains unfinished is exit 3 near Windham.

Many businesses there say the uncertainty of I-93’s future is hurting the local economy.

Read more
Business and Economy
10:30 am
Tue December 20, 2011

Part 3: Which NH Counties Won New Residents–And Lost Old Ones

Conventional wisdom says Portsmouth’s a draw for young professionals thanks to being the home of UNH and a number of innovative tech start-ups
drocpsu

One of our most popular drop-in series at StateImpact has been our county-by-county glimpses at migration rates.  Our work is based on  a map generated by Jon Bruner of Forbes.  (We still recommend you check it out.)  Using IRS data, Bruner traced where people in every county in the country were moving to–and from–between 2005 and 2009.

Read more
StateImpact
3:00 pm
Mon December 19, 2011

NH Personal Income Growth Double The (Modest) National Average

You could say personal income growth in Q3 was less about the Benjamins than about the Jacksons…
Thomas Hawk / Flickr

Lately, the US Bureau of Economic Analysis has been crunching numbers looking at so called “personal income” growth.  That figure includes all pre-tax income:  wages, salaries, dividends, annuities, Social Security checks…everything.

And for the third quarter of 2011, the growth was rather modest.  In its media release, the Bureau of Economic Analysis noted:

Read more
Third Quarter Personal Income
1:47 pm
Mon December 19, 2011

Incomes Grow Slightly Over the Summer

Personal income rose by just 2 tenths of a percent in the state.

Read more
StateImpact
12:39 pm
Fri December 16, 2011

Where This Year’s State Historic And Conservation Grant Money Is Going

Colonial Theatre project in downtown Laconia snagged the biggest grant
photo: Bev Norton / Flickr

Twenty-three conservation and historic preservation projects will be sharing just north of $1 million in state grants courtesy of New Hampshire’s Land and Community Heritage Investment Program (LCHIP).  Fourteen historic structures and more than 2,800 acres of land ultimately qualified for funding.

Read more
StateImpact
10:21 am
Fri December 16, 2011

The States With The Best And Worst Wage Laws For Home Health Workers

View the interactive map here.
Source: White House Office of the Press Secretary

President Obama is pushing the US Department of Labor to move forward on a rules change that would raise wages and require overtime pay for home health workers.  According to a

Read more
StateImpact
4:00 pm
Wed December 14, 2011

Economics And Politics Clash Over NH Tax Revenue Forecast

Economist Dennis Delay presented this graph to lawmakers as one illustration of New Hampshire’s structural deficit
Dennis Delay / New Hampshire Center For Public Policy Studies

Yesterday, StateImpact liveblogged the Joint Economic Session.  Members of the House and Senate Finance and Ways and Means Committees gathered for hours to hear economists offer projections on where the global, national, and state economies are headed in 2012.

Read more
November Jobs
4:25 pm
Tue December 13, 2011

State Job Numbers Improve

The state’s unemployment rate fell one tenth of a percent in November.  The current rate of 5.2 percent, seasonally adjusted, came with strong growth in the retail sector.

The jobs that come with selling stuff delivered over 3,000 new jobs in November and strictly speaking, more than just Christmas shopping drove the numbers.  Seasonal  adjustments are designed to filter out that sort of impact.

Read more
Liveblog
1:25 pm
Tue December 13, 2011

Liveblog: Joint Economic Session

Still No Job: Over A Year Without Enough Work
4:03 pm
Mon December 12, 2011

The State Of The Long-Term Unemployed

People wait to see a career adviser at a training center operated by the New York Department of Labor in New York City. NPR and the Kaiser Family Foundation conducted a survey on the emotional, physical and financial effects of being without work for a year or more. Nearly 70 percent of respondents would like the government to offer more job training opportunities.
Spencer Platt Getty Images

Originally published on Mon December 12, 2011 12:02 pm

Millions of Americans wake up each morning without a job, even though they desperately want to work. It's one of the depressing legacies of the financial crisis and Great Recession.

NPR and the Kaiser Family Foundation conducted a poll of people who had been unemployed or with an insufficient level of work for more than a year. The results document the financial, emotional and physical effects of long-term unemployment and underemployment.

Read more
StateImpact
10:30 am
Mon December 12, 2011

How Defense Cuts Hurt New England Lobstermen–And Maybe Even Lowered Lobster Prices

Defense spending comes to states in many forms…including lobster.
Tup Wanders Flickr

Late last week, we posted a cool infographic, courtesy of the journalists at Stateline, taking a look at the percentage of each state’s GDP that’s made up by federal spending.  The group then subdivided federal spending into defense-related spending and everything else.

Read more
StateImpact - live blog
12:47 pm
Fri December 9, 2011

Liveblog: Next-Generation Matters, A Forum On The Future

StateImpact
10:28 am
Thu December 8, 2011

How Defense And Other Federal Spending In NH Stacks Up To The Rest Of The Country

Carla Uriona, Sarah Emmons, and Liz Gross Stateline

Yesterday, we showed you a cool infographic created by a team of reporters at Stateline detailing, state-by-state, how a European recession could affect the US export economy.  Although New Hampshire wasn’t among the “highest risk” states, it ranked as “high risk.”  (You can check out that post here.)

Read more
Zandi interview
12:00 am
Thu December 8, 2011

2013 Could Be the Economy's Breakthrough Year

Today, the University of New Hampshire Law School holds a public forum on our economic future.  The keynote speaker is Mark Zandi, chief economist for Moody Analytics. 

The dominant issue in the Republican presidential primary is government spending.  Mark Zandi understands that concern, but in his view, the problems of Europe, home foreclosures and unemployment loom larger.

[Interview transcript forthcoming]

Read more
StateImpact
2:13 pm
Wed December 7, 2011

How A European Recession Could Hurt Key Export States–Including NH

How much could a Eurozone recession hurt New Hampshire? We explain after the jump
Dennis Skley Flickr

Recently, Wells Fargo Securities released a short report offering a state-by-state look at the places that could be hardest-hit by a potential European recession.  Since New Hampshire has carved out a healthy niche for itself in the high-tech components export market, we thought this report might be of interest to our StateImpact readers.

Read more
October Foreclosures
11:10 am
Wed December 7, 2011

Home Foreclosures Edge Down

Home foreclosures continued to nudge down in October and the state’s housing agency is beginning to speak of the foreclosure crisis having turned a corner.

By historic standards, the number of people losing their homes is still high.  October saw about 260 households with that problem.  But that’s about 40 less than the month before and from the start of the year, the overall trend is down.

Read more
StateImpact
11:00 am
Tue December 6, 2011

Losing The Lotto: Comparing NH’s Lotto Prizes To Massachusetts

Amanda Loder, StateImpact/NHPR

Recently, we told you about a gas station in the border town of Methuen, Massachusetts.  According to Massachusetts State Lottery Executive Director Paul Sternburg, it’s on track to do $13 million this year in lottery revenues.  When we spoke with Ted’s Mobil owner Tony Amico, he estimated at least half his customers are from New Hampshire.  And StateImpact’s unscientific survey of license plates in the gas station parking lot bore t

Read more
StateImpact
2:00 pm
Mon December 5, 2011

New Hampshire Primary Spending Way Down Among Republican Candidates

Gliko, via Flickr/Creative Commons

 

If it feels like maybe Republican presidential candidates aren’t spending as much in New Hampshire as they did in the run-up to the 2008 primary, you’re onto something. Bob Sanders of the New Hampshire Business Review dug into campaign expenditures thus far, and found:

Read more
StateImpact
10:30 am
Mon December 5, 2011

Part 2: Which NH Counties Won New Residents–And Lost Old Ones

Generation Bass, via Flickr/Creative Commons

We’ve been thinking a bit more about demographics lately, in light of the New England Economic Partnership’s recent Economic Forecast conference.  The region faces a number of population problems.  At the risk of oversimplification, here are the main issues:

Read more
StateImpact
11:58 am
Fri December 2, 2011

Leading Republicans Against Right-To-Work Can Keep Their Posts After All

Right-to-Work legislation has proved controversial in the Granite State–as have Speaker O’Brien’s attempts to overturn the governor’s veto.
Protect NH Families Flickr / Creative Commons

Yesterday, we linked to a story on TheLobbyNH.com following-up on House Speaker William O’Brien’s latest attempt to overturn the governor’s veto of Right-to-Work legislation.

A number of Republicans joined Democrats in opposition to the override during Wednesday’s vote.

Read more
The Two-Way
9:18 am
Fri December 2, 2011

Unemployment Rate Drops To 8.6 Percent; 120,000 Jobs Added

A job fair in San Francisco last month.
Justin Sullivan Getty Images

Originally published on Fri December 2, 2011 11:46 am

The nation's unemployment rate fell to 8.6 percent in November from 9 percent in October as payrolls went up by 120,000 jobs, the Bureau of Labor Statistics says.

Read more

Pages