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NH Business Growth Sectors House and Senate Finance and Ways & Means Committees

NH Business Growth Sectors House and Senate Finance and Ways & Means Committees. Dennis Delay Deputy Director, New Hampshire Center for Public Policy Studies 1/9/2007. Anecdotal evidence from the Fed Bank of Boston, November 29, 2006.

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NH Business Growth Sectors House and Senate Finance and Ways & Means Committees

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  1. NH Business Growth SectorsHouse and Senate Finance and Ways & Means Committees Dennis Delay Deputy Director, New Hampshire Center for Public Policy Studies 1/9/2007

  2. Anecdotal evidence from the Fed Bank of Boston, November 29, 2006 • Business contacts in the First District are fairly upbeat, with the exception of most retail respondents. • Double-digit revenue increases for software and information technology services firms and also for staffing firms. • Commercial real estate markets continue to strengthen. • While tourism-related businesses are doing well, most contacted retailers say sales have softened. • Manufacturers report that orders or sales of products related to housing have weakened. • High end of the labor market continues to tighten. • Energy-related cost pressures have eased but selected other input and vendor prices are rising.

  3. Even Though Mfg is Large, It’s Contribution to Earnings Growth Has Lagged, Healthcare Increases Source: Bureau of Economic Analysis

  4. New Hampshire Growing Faster than US or Region Since 2001 Source: Bureau of Economic Analysis

  5. Fastest Growing GDP Contributors are Not (Necessarily) the Largest

  6. Real Estate Eclipses Manufacturing in Contribution to GDP Source: Bureau of Economic Analysis

  7. Most Important Industries in New Hampshire Source: Bureau of Economic Analysis

  8. General Fund Appropriations growing only slightly more quickly than the state

  9. General Fund Revenue by Source FY 2005

  10. Corporate Income Taxes in New England have Been Strong. Source: New England Public Policy Center

  11. ..in part because US Corporate Profits are at Record Levels Source: Bureau of Economic Analysis

  12. ..but the Congressional Budget Office Forecast Says Slowdown Source: Congressional Budget Office

  13. The “Other Income” Portion of NH Personal Income Increasing Since 2003 (Matching Corporate Profits) Source: Bureau of Economic Analysis

  14. Southern New Hampshire Accounts for Most of Rooms and Meals Sales Source: Institute for New Hampshire Studies

  15. ..but Tourism is Most Important to the White Mountains Source: Institute for New Hampshire Studies

  16. New Hampshire affordability better than the 1980’s. Sources: Census Bureau and Bureau of Economic Analysis

  17. Real Estate Overvaluation is Coastal Source: National City Bank

  18. Northern New England Scores Well

  19. More Information? • WWW.NHPOLICY.ORG • State Budget • Demographic Trends (What is NH?) • Corrections • Health Care Finance

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