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Archive for October, 2011

Economic Impact Study Shows Home Building Pays Its Way in NH

Tuesday, October 11th, 2011

Dr. Elliot Eisenberg

An economic impact study conducted by the National Association of Home Builders (NAHB) Housing Policy Department shows that New Hampshire’s home building industry not only pays for itself, its economic impact results in new income and jobs for New Hampshire citizens and additional revenue for local governments.

Every representative 1,000 single-family and 250 multifamily homes that were built across the State of New Hampshire in 2010 will generate a cumulative $249.3 million in revenue, compared to $184.9 million in costs over the next 15 years. By the end of the first year the housing industry’s economic impacts not only more than offset the fiscal costs resulting in a fiscal surplus to local governments, but the fiscal surpluses generated are more than enough to pay off all debt and result in a surplus available to pay for additional government services. Single-family and multifamily housing produces a net income to state and local governments of $8,806,600 the first year and $3,969,700 each and every year thereafter.

“These results show that home building is more than paying its own way and should put to rest the notion that existing home owners are subsidizing new home construction here in New Hampshire,” said Dr. Elliot Eisenberg, the Senior Economist who conducted the analysis of the impact of home building in the State of New Hampshire. “This is an excellent result and tells me that local residents should be thanking the building industry for footing the bill for a lot of town, city and state services.”

The economic impact study looks at the impact of the construction industry in three phases: the construction phase; the ripple effect; and, the occupancy phase. The impact of the three phases are added up, and then compared to the cost of services such as education, fire, police, utilities, parks and recreation and roads that are required to support the new housing units.

During the construction phase, the building of every 1,000 single-family and every 250 multifamily homes creates 2,222 jobs (1,537 jobs in construction alone), generates $13.2 million in local taxes and $154.7 million of local income in the first year. The ripple effect of those homes, which includes the wages and profits local area residents earn during the construction period that are spent on other local goods and services, results in 1,205 jobs, $14.4 million in local taxes and $77.9 million in local income, also in the first year.  The ongoing annual effect of those homes, which includes local jobs, income and taxes generated as a result of the home being occupied, is 728 jobs, $15.3 million in local taxes and $45.1 million in local income per year.

“It is important for us to look closely at these numbers,” said HBRANH President Roger Demanche, Jr. “We’ve been saying for a long time that local home builders are doing their part to build community, and these numbers show that we are a very important player in the overall economic health of our state economy.”

The NAHB model used to determine the economic impact of the housing industry was first developed by NAHB in 1997 and has been applied to construction in more than 650 areas of the country. This study looked at economic impact of collectively building 1,000 average priced single–family homes and 250 multifamily homes across the State of New Hampshire.  Complete copies of the study are available by contacting the HBRANH at (609) 228-0351.

TedxAmoskeagMillyard Slated for 10/15

Tuesday, October 4th, 2011

Organizers of TEDxAmoskeagMillyard are thrilled to announce Saturday, October 15, as the date of the inaugural TEDx event in southern New Hampshire. 

Organized along the theme of “The Unexpected,” TEDxAmoskeagMillyard will feature exciting multidisciplinary talks by global thought leaders: Howard Brodsky, Co-founder and CEO of CCA Global Partners; Ryan FitzSimons, Founder and CEO of Gigunda Group, Gary Hirshberg, President and CE-Yo of Stonyfield Farm; Jeremy Hitchcock, CEO of Dyn; Dean Kamen, Founder of DEKA and FIRST; Catherine Rielly, Project Humanist and Board President of Rubia and Michael Swack, Social Innovation Pioneer and Professor at the University of New Hampshire.

TedxAmoskeagMillyard Lead Organizer Kathleen Schmidt

TEDxAmoskeagMillyard, an independently organized event operated under license from TED, will be hosted by the University of New Hampshire at Manchester, 400 Commercial Street. TEDxAmoskeagMillyard is a private event limited to 100 guests, but will be Webcast live on Saturday, October 15, starting at 11:00 a.m. EST on http://www.livestream.com/tedx. Viewing parties for TEDxAmoskeagMillyard will be hosted throughout the state of New Hampshire.

“TEDxAmoskeagMillyard is a catalyst for citizen creatives, students, entrepreneurs, artists, change agents and innovators to connect, share ideas, collaborate, be inspired and create positive impact,” notes Lead Organizer, Kathleen Schmidt.

For more information, please visit, www.tedxamoskeagmillyard.com. On Twitter at http://twitter.com/TEDxAmoskeagMil and Facebook at http://www.facebook.com/TEDxAmoskeagMillyard.

NH High Technology Council Launches ‘Tech Leaders’: Business Training for the State’s top Techies

Monday, October 3rd, 2011

The New Hampshire High Tech Council  (NHHTC) announced today that it is launching a new business education program, Tech Leaders, to provide leadership training to the top technical staff at the State’s leading technology companies. The Council will partner with the Southern New Hampshire University (SNHU) School of Business in presenting the novel business program and regularly bring in educators from other institutions and companies to provide a well-rounded program. 

Tech Leaders will provide basic training in essential business disciplines for engineers and technical personnel who are or will be taking on more management responsibility; being asked to collaborate more with their peers in other departments; or moving into management and general business positions within their companies. 

“Through continuous discussion with NHHTC member companies, we’ve identified a gap in available training targeted at engineering and technical professionals who require additional development of core business skills related to finance, marketing, and sales to succeed in their growing job roles,” said Council Chair Tom Daly. “Tech Leaders is an opportunity for New Hampshire businesses to enroll top technical and engineering staff into an intense training program specifically designed to broaden the expertise of the typical knowledge worker.” 

“The program focuses on cross discipline skill development enabling collaboration across all company departments and functions,” Daly continued, “to ensure that those who develop products are able to understand the requirements of the marketplace, to understand the customer through the sales process, and to ensure effective reporting to the company’s finance functions. This type of skill development broadens the scope of knowledge of company operations, enabling greater big-picture thinking, and hopefully, better decision making at all layers, driving company growth.” 

Bill Gillett, dean of the SNHU School of Business, added, “Our faculty is committed to emphasizing applications of theory and knowledge in the real world, with teaching as our first priority.  When the Council approached us about helping with Tech Leaders, it is a natural and logical extension for us.  We are able to leverage our teaching strengths in the classroom and apply them to help local businesses and the State’s economy.”

Tech Leaders classes will include established and emerging leaders that have professional technology-oriented responsibilities within their company or organization.  Applications will be accepted for the 2011-2012 Tech Leaders Program beginning Monday October 3, 2011 and ending Monday October 31, 2011.

The NHHTC Tech Leaders Program will run from December 2011 through June 2012.  The Program begins with an evening Reception in December 2011.  The program includes five all-day sessions which will take place on weekdays at SNHU in Manchester from January through June 2012.   The program days will run from 8 AM – 5 PM.  Links to more information and the registration form will be available on both the NHHTC and SNHU web sites within the next week.  In the interim, they can be requested by e-mailing info@NHHTC.org.  The cost of the five-month program is only $1,200 for individuals employed by NHHTC member companies and $1,500 for non-members.