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Archive for February, 2020

New Hampshire Business Matters Segment Explores Housing and the Economy

Friday, February 28th, 2020
Will Arvelo, Dean Christon, NH Housing Finance Authority on WTPL- FM

A strong indicator of a healthy economy in New Hampshire is also one that presents a challenge. The state’s historically, and continuing, low unemployment rate and low interest rates has increased the demand for housing, and decreased the supply of available units.

In this month’s New Hampshire Business Matters on WTPL-FM 107.7, Division of Economic Development Director Wil Arvelo discusses the state’s housing market with Dean Christon, executive director and CEO of the New Hampshire Housing Finance Authority.

Tune in for an interesting discussion of the situation and what is being done to ease the market.

During the month of March, the NHHFA hosts free homebuyer fairs across the state, which will give prospective home buyers resources to get them on their way to owning a home of their own.

For more information, click here.

New Hampshire Exports Set New Record, Top $5.8 Billion

Wednesday, February 19th, 2020

For the third straight year, New Hampshire exports set a new record, topping $5.8 billion in 2019, up 10 percent from 2018, according to federal trade data.

“The latest export numbers show that New Hampshire has entered the global arena as a hub for advanced manufacturing,” said Gov. Chris Sununu. “With an educated workforce, access to regional markets, and a pro-business environment, the Granite State is the most desirous state in the nation for companies to locate themselves.”

Aircraft parts for civilian aircraft was the state’s top export in 2019 and Germany continued to be the state’s top trading partner, followed by Canada, Ireland, Mexico and Japan.

Aircraft and spacecraft parts rose 68 percent to $1.3 billion from 2018, overtaking industrial machinery as New Hampshire’s leading export, followed by electric machinery, pharmaceutical products, and optics.

“New Hampshire businesses recognize the importance of global markets, which we’ve seen reflected in record-setting trade statistics over the past three years,” said Taylor Caswell, commissioner of the New Hampshire Department of Business and Economic Affairs. “More than ever, we are committed to helping domestic and international businesses access new markets for their products.”

As part of New Hampshire’s pro-growth initiatives, Sununu established the nation’s first state-level United States-Mexico-Canada trade council to encourage further growth and improved trade relations with Canada and Mexico.

Caswell, chairman of the new state trade council, said the trade statistics demonstrate New Hampshire’s value for international supply chains.

“New Hampshire stands alone on the East Coast of North America as a low-tax, pro-growth location for domestic and international business market access into the U.S. or the East Coast, and we have every intention of aggressively growing the competitive advantage for our employers,” he said.

In addition, BEA’s Office of International Commerce is recruiting partner businesses at ILA Berlin, which highlights aviation, defense and security, and unmanned systems for companies interested in the European market May 13-17, 2020.

OIC works with state federal partners, including the US Commercial Service, to provide New Hampshire businesses export compliance training and other resources to expand into world markets. For more information, visit nheconomy.com/office-of-international-commerce.