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 Preshow #1economyReturn to index of stories... |
On this New Hampshire Outlook: Checking the pulse of the State's Economy - we'll take a look at the housing market and interest rates as we assess NH's economic forecast for 2005. Also ahead: |
| Preshow #2 Voice Return to index of stories... |
A new project brings artists together in a new way. |
| Hello/Intro Economy Return to index of stories... |
Hello. I'm Beth Carroll. Welcome to New Hampshire Outlook. In this program: a look at NH's economic Outlook for 2005. While New England as a whole is expected to "lag" behind the rest of the nation, NH's is forecasted to have "strong"growth for 2005. The state's latest Labor Report shows Employment is UP-- The unemployment rate is declining -- and Personal income is on the Rise. All indications that the local economy is on the mend. Here to talk about the STATE of the state's Economy: Stuart Arnett, NH's Economic Development Director, Ross Gittell, Professor of Management with the UNH Whittemore School of Business & Economics, and Russ Thibeault of Applied Economic Research. Welcome! Q Ross Gittell: You're quoted as saying that NH is the ONLY state "above" the US average in terms of economic growth. WHY is that? Q NH's economy as a whole doing well. Let's break it down into regions. We'll start with the SEACOAST, Once a shining star. Are things still looking as bright for the Seacoast in 2005? STU? |
| Belknap Return to index of stories... |
Let's take the LAKES Region. Heard an intresting statistic about Belknap county. According to research by a group called PolEcon: Belknap County is described as the FASTEST-growing county in the state. and, one of the fastest growing counties in New England Q So, what's happening in Belknap county? |
| Laconia Return to index of stories... |
An outfit called POLICOM CORP out of Florida put together an Economic Strength Rating -- and the LAKES region gets HIGH grades. LACONIA -- placed 5th BEST out of 600 "micro-politan" communities in the country. The group defines micro-politans -- as communities with at least one urbanized area with a population between 10 and 50- thousand. |
| Lakes Retirement Return to index of stories... |
The book "Retirement Places Rated" -- suggests the LAKES AREA has grown in size and quality. It ranks the Lake Winnepausaukee area: 8TH out of 203 retirment areas in 40 states. Hanover was ranked 15th. Q ROSS/STU: Consistent with your findings and economic DATA.? |
| Seacoast Housing Return to index of stories... |
Let's talk Housing, a big part of the economic Picture. Here's a snapshot of the Seacoast Housing Market. A 3-bedroom home across from commercial property in Portsmouth would have cost you 150-thousand dollars back in 2000. 3-years later -- that same home would sell for 250-thousand dollars. An increase of 67-percent in 3 years. In the Merrimack Valley -- specifically Concord - the state's capital. The average price of a single family home in 2000: 134-thousand dollars. In 2003 - that figure shot up to 199-thousand dollars. If you travel NORTH to Berlin for example. The average price of a single-family home was in the mid-50's back in 2000. 3-years later, that same home would cost you around 67-thousand dollars. Interest Rates are a BIG part of the Housing equation. The Federal Reserve has just RAISED interest rates by one-quarter of one percent. It's the 6th rate hike since last June, and it may not be the last. Analysts think the Fed will push the funds rate up in similar increments through most of this year. Q What's that likely to do to NH's Housing Market? |
| Intro Voice & Vision Return to index of stories... |
On the Seacoast, the Portsmouth Poet Laureate Program is working to connect the community through ART -- thanks to it's new "Voice and Vision" program. Twelve poets and visual artists were selected to work as pairs to produce joint works of art, expanding their creative process beyond the boundaries of their own art form. Chip Neal was there when the finished works were first introduced to the public. |
| Tag Voice & Vision Return to index of stories... |
The finished art work will be placed in public venues around Portsmouth. If you'd like to find out where you can see the art work log on to our website, NHPTV-dot-org/Outlook for a link to the Portsmouth Poet Laureate Program. Just a reminder if you missed any of this program or would like to watch it again-- New Hampshire Outlook is available online on-demand. |
| Goodnight Return to index of stories... |
That concludes our program. Thanks for watching. I'm Beth Carroll. We'll see you next time. |
| Tonight 10:00 Return to index of stories... |
Tonight on New Hampshire Outlook: News and views from around the Granite State. Join us tonight at 10:00 only on New Hampshire Public Television. |
| LAKES REGION Return to index of stories... |
Q The LAKES Region. Heard an intresting statistic. Russ- you're from Laconia.maybe you can respond to this: An outfit called POLICOM CORP out of Florida puts together an Economic Strength Rating -- and the LAKES region gets HIGH grades. ** Belknap County is described as the FASTEST-growing county in the state. and, one of the fastest growing counties in New England. To WHAT do we attribute that? Their report on economic strength placed LACONIA -- 5th BEST out of 600 "micro-politan" communities in the country. Point-of-Interest: CONCORD was number one on their list of Micro-politican areas. Suggest the LAKES AREA has grown in size and quality. Ranked 8TH out of 203 retirment areas in 40 states. |
| factoids Return to index of stories... |
Economic Outlook for 2005 Russ Ti-bault Ross Gittell Q What sectors are good bets for 05 tourism visitor service Q What part of state doing better strongest areas/ seacoast / southeastern tier of Nh connecting to Greater Boston economy Employment trends: Nashua doing poorly manuf.left Seacoast a bit flat lately i-93 corridor a lot of growth skilled workers could work doing consulting, support etc. transformaton within hi-tech industry north country -- strong pockets of prosperity Lebanon/Hanover area Salem/Pelham highest rate Travel/Tourism doing well MA proximity: a lot of southern towns of NH had economic connection why weakness Ability of Tech jobs to move to other areas. Hi speed connections in Rural areas More tech jobs in rural NH Carroll County Compare last year with 2005 outlook What's nature of growth Concerns on Horizon Talking Points on Affordable Housing in NH -------------------------------------------------------------------------------- The New Hampshire Housing Crisis NH has an acute shortage of housing stock, especially of housing affordable to households earning less than area median income. In the past decade we have built fewer than 900 new multifamily units, and some of those have been luxury apartments. Rents in the southern half of the state have increased as much as 37% over the last 5 years. The state median rent is $978/month, and over $1000 per month in Manchester, Nashua and Portsmouth. Based on projections from the NH Economic and Labor Market Information Bureau, 65% of new jobs will pay less than the state level "housing wage" of $18.81, the amount needed to afford a typical apartment. 6553 people were sheltered in NH's emergency shelters in FY03, but 13,529 were turned away because there were no available beds. That doesn't count the number of people doubled up with friends or family. Because of HUD cuts in funding, the NH Housing Finance Authority, among others, have closed their waiting lists for Section 8 Housing Vouchers and will not be able to issue any new vouchers for the foreseeable future. Because land cost and construction costs are so high in most of the state, new construction of affordable housing can generally only be done using various federally funded housing production programs --------- Lost JOB -- how likely are you to get job back? Housing Market -- what can we expect. Paint us a picture of the state's regions Seacoast The North Country Lakes Region Dartmouth-Sunapee Region Merrimack Valley --- Wages - where do we stand Job Openings -- NEW jobs Education has grown ============= NH'S BUDGET WOES hOUSING sector _ last several years home prices up 10% personal income growth 3% A BUBBLE THAT BURSTS? Rising Home prices sign of strength ** avg home price 250-thousand dollars Further north -- less expensive, not more affordable given lower wages economic EQUITY Quality of LIfe in NH bringing in INvestors and skilled workers into state makes our communiteis attractive Housing affordability 2nd mortgages to cover rising house prices have to moderate consumption PROPERTY TAXES Lakes region used to be blue collar could have camp on Lake -- 30 years ago today -- those who've had house long time Today -- only affordable to very affluent Property value trend -- NH CAN'T afford to live on our lakes. TAX REFORM Promising TAX REFORM If reduce taxes increase services -- has to be another source of revenue -- but, need longterm source of revenue. Something has to give. Property tax NOt FAIR. How does BUDGET dEFICIT AFFECT NH's economy? increase taxes or cut budget Education is NH advantage NH exports rose this year after falling dramatically Businesses Global Competition not going away Lonza success stories Velcro -- find niche markets Timberland more niche oriented Labor Force and Unemployment: "New Hampshire's labor force is aging. People in their late 50s to early 60s showed the largest increase in employment levels. Occupational Trends: "Education occupations will be in demand as the population grows. Aging babyboomers will drive the increase in health occupations." Construction and Housing: "New Hampshire's construction employment continued to grow. Housing prices still on the rise, although at a slower pace." Aging Population impact of that on our economy affects workforce TIGHT labor supply Affects on cost side: INcrease cost of Health Care as they age Trend for people to work longer - multiple careers, start business, Opportunities Reduce number of school kids to educate services they need, spending , housing needs 2005- Russ: a good year Ross: improving economic situation.not boom like 90's -- but stronger than 2000 weakness: tied to housing sector and affect of rising interest rates.\ |
| key: State politics/ Government Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 2/3/05 HOST: Beth Carroll Length: 16:30 On this New Hampshire Outlook: Checking the pulse of the State's Economy, we'll take a look at the housing market and interest rates as we assess NH's economic forecast for 2005. A new project brings artists together in a new way. Hello. I'm Beth Carroll. Welcome to New Hampshire Outlook. In this program: a look at NH's economic Outlook for 2005. While New England as a whole is expected to "lag" behind the rest of the nation, NH's is forecasted to have "strong"growth for 2005. The state's latest Labor Report shows Employment is up. The unemployment rate is declining and personal income is on the Rise. All indications that the local economy is on the mend. Here to talk about the STATE of the state's Economy: Stuart Arnett, NH's Economic Development Director, Ross Gittell, Professor of Management with the UNH Whittemore School of Business & Economics, and Russ Thibeault of Applied Economic Research. PRODUCER/REPORTER: NAME OF PARTICIPANTS: Stuart Arnett\NH Division of Economic Development, Ross Gittell\Professor of Management, \Ross Gittell\UNH Whittemore School of Business & Economics, \Russ Thibeault\Applied Economic Research |
| key: Economy Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 2/3/05 HOST: Beth Carroll Length: 16:30 On this New Hampshire Outlook: Checking the pulse of the State's Economy, we'll take a look at the housing market and interest rates as we assess NH's economic forecast for 2005. A new project brings artists together in a new way. Hello. I'm Beth Carroll. Welcome to New Hampshire Outlook. In this program: a look at NH's economic Outlook for 2005. While New England as a whole is expected to "lag" behind the rest of the nation, NH's is forecasted to have "strong"growth for 2005. The state's latest Labor Report shows Employment is up. The unemployment rate is declining and personal income is on the Rise. All indications that the local economy is on the mend. Here to talk about the STATE of the state's Economy: Stuart Arnett, NH's Economic Development Director, Ross Gittell, Professor of Management with the UNH Whittemore School of Business & Economics, and Russ Thibeault of Applied Economic Research. PRODUCER/REPORTER: NAME OF PARTICIPANTS: Stuart Arnett\NH Division of Economic Development, Ross Gittell\Professor of Management, \Ross Gittell\UNH Whittemore School of Business & Economics, \Russ Thibeault\Applied Economic Research |
| key: culture/ arts Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 2/3/05 HOST: Beth Carroll Length: 07:30 On this New Hampshire Outlook: Checking the pulse of the State's Economy, we'll take a look at the housing market and interest rates as we assess NH's economic forecast for 2005. A new project brings artists together in a new way. Hello. I'm Beth Carroll. Welcome to New Hampshire Outlook. On the Seacoast, the Portsmouth Poet Laureate Program is working to connect the community through ART thanks to it's new "Voice and Vision" program. Twelve poets and visual artists were selected to work as pairs to produce joint works of art, expanding their creative process beyond the boundaries of their own art form. PRODUCER/REPORTER: NAME OF PARTICIPANTS: John Perrault\Portsmouth Poet Laureate, Lesley K. Gaudreau\Poet, Tim Gaudreau\Eco-Artist, Mimi White\Poet, Sarah D. Haskell\Weaver, Kimberly Cloutier Green\Poet, Cappy Whelan\Painter, John Perrault\Portsmouth Poet Laureate |
| key: UNH Return to index of stories... |
No UNH stories |
| WEB PROMO Return to index of stories... |
Tonight on New Hampshire Outlook. . Tonight at 10pm on New Hampshire Public Television. |