New Hampshire, Sullivan County, and the city of Claremont….. Economic Indicators, Educational Attainment and Leading Industries

Over the last decade NH ranks 11th of 50 states and 1st in Northeast in employment growth. NH has the 6th highest per capita income in the US (2003) ..income rank improved from 25th three decades ago

RegionEmployment

Change 1990-2003Rank

Per Capita Income 2003

Rank

US 16.8% 31,632New England 12.4% 38,171

NH 22.7% 11 34,702 6ME 16.7% 25 28,831 34VT 16.0% 27 30,740 22RI 12.5% 37 31,916 17MA 12.2% 38 39,815 3CT 7.3% 49 43,173 1

Leading State 61.9% Nevada 43,173 ConnBottom State 5.3% Hawaii 23,448 Mississippi

New Hampshire’s Strong Economic Recovery From Early 2000s Recession

Total Employment NH …Jan04-Jan05 Total employment grew 2.9% compared to US average of

1.6% (NH ranked 8th highest) Other fast growing states are Nevada, Arizona and Florida which have much lower per capita income

Services employment grew 5% compared to US average of 1.7% (ranked 8th)

High Tech Employment in NH ..June 03 to June 04 7.8% growth, NH ranked 4 highest big turnaround from “tech bust” decline of more than 1/3rd

and ranked 50th.. NH reliant economy ..shift within high tech to growth

sectors from commodity manufacturing… growth in engineering and life sciences R&D, engineering services and testing labs and cable and other program distribution

New Hampshire has several inter-related strengths to sustain a high per capita income and resilient economy

Favorable

business and tax climate

Proximity to Boston

Route 128 Cambridge

Access to financial capital

Quality of life as a magnet for

high skilled workers and

entrepreneurs

Technology Culture and

History

Dynamic High Tech

Economy in New

Hampshire

Educational attainment has a strong positive correlation with per capita income across the 50 states. NH is in the top tier…

Per Capita Income correlated to Percent of Adults population with Bachelors Degree median lines denote US average (15.5%, $29,847)

20000

25000

30000

35000

40000

45000

5% 7% 9% 11% 13% 15% 17% 19% 21% 23%

Percent with bachelors degree

Per C

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CT

MA

CO

MD

NH

NJ

New Hampshire Leading Industries and

Clusters of Industries

LEADING INDUSTRY CLUSTERS Emp Emp Change Avg Wage Est RankEducational Services 21,170 10.7% 30,606 213 27.3

Specialty Trade Contractors 15,306 11.1% 42,052 2,658 33.0

Computer and Component Manufacturing 26,153 3.9% 46,311 269 47.4

Finance, Insurance & Real Estate 20,918 -7.5% 48,496 1,316 49.0

Health Care 44,038 8.2% 34,841 1,960 50.1

Professional, Scientific & Tech Services 26,701 26.6% 47,785 3,779 50.3

Administrative & Support Svcs 37,189 22.1% 27,543 1,556 57.0

CLUSTER Level Summary 191,475 10.7% 39,662 11,751 44.9

STATE Level Summary 427,858 8.9% 35,025 27,662

Leading Clusters as % Totals 44.8% 120.7% 113.2% 42.5%

Code Industry Emp Emp Change Avg Wage Est Rank

6113 Colleges, universities & professional schools 14,679 13.2% 22,171 30 5

6117 Educational support services 187 8.7% 44,973 32 28

6111 Elementary & secondary schools 6,304 10.3% 24,674 151 49

21,170 10.7% 30,606 213 27.3

2357 Concrete contractors 760 0.9% 50,362 164 10

2358 Water well drilling contractors 253 30.4% 51,241 36 18

2354 Masonry, drywall, insulation, tile contractors 1,901 -0.6% 46,148 226 19

2359 Other special trade contractors 2,923 9.4% 40,288 551 21

2351 Plumbing, heating & AC contractor 3,711 11.9% 44,123 557 26

2356 Roofing, siding, & sheet metal contractors 715 -15.5% 37,006 122 44

2355 Carpentry & floor contractors 1,485 25.1% 35,793 361 46

2353 Electrical contractors 2,711 10.3% 42,553 432 55

2352 Painting & wall covering contractors 847 27.9% 30,956 209 58

15,306 11.1% 42,052 2,658 33.0

3345 Nav, measuring, medical, control instruments mfg 7,888 -3.4% 59,467 70 6

3344 Semiconductor & oth electronic component mfg 11,683 1.1% 35,169 120 23

3359 Other electrical equipment & component mfg 4,012 54.6% 38,852 31 31

3341 Computer & peripheral equipment mfg 1,325 -42.6% 63,730 25 63

3353 Electrical equipment mfg 1,245 10.1% 34,337 23 114

26,153 3.9% 46,311 269 47.4

5242 Agencies & other insurance related activities 3,205 -27.8% 48,772 561 39

5241 Insurance carriers 9,849 -14.7% 48,343 178 41

5222 Nondepository credit intermediation 1,136 1.0% 64,638 142 56

5221 Depository credit intermediation 6,728 11.4% 32,231 435 60

20,918 -7.5% 48,496 1,316 49.0

6221 General medical & surgical hospitals 21,040 13.2% 34,341 34 3

6211 Offices of physicians 7,185 5.8% 69,922 674 9

6212 Offices of dentists 3,755 10.6% 39,238 530 34

6213 Offices of other health practitioners 2,050 32.8% 29,063 425 47

6214 Outpatient care centers 5,117 0.1% 30,257 137 59

6215 Medical & diagnostic laboratories 696 4.8% 34,066 52 69

6216 Home health care services 3,675 -32.1% 20,759 76 83

6219 Other ambulatory health care services 520 30.7% 21,083 32 97

44,038 8.2% 34,841 1,960 50.1

5415 Computer systems design & related services 5,979 76.1% 73,272 677 2

5416 Management, sci & tech consulting services 2,249 2.0% 62,689 573 7

5417 Scientific R&D services 1,544 48.6% 67,635 90 25

5413 Architectural, engineering & related services 4,109 5.0% 51,435 602 40

5419 Oth professional, scientific, technical service 1,850 19.3% 25,531 302 48

5411 Legal services 4,434 -2.2% 51,520 781 54

5412 Accounting, tax prep, bookkeep, payroll services 4,966 15.0% 21,246 481 68

5418 Advertising & related services 1,137 52.6% 41,963 152 100

5414 Specialized design services 433 23.0% 34,769 121 109

26,701 26.6% 47,785 3,779 50.3

5613 Employment services 25,119 59.7% 24,885 237 1

5617 Services to buildings & dwellings 5,092 10.2% 21,561 920 17

5611 Office administrative services 3,145 27.3% 31,990 148 78

5614 Business support services 1,715 -23.1% 28,806 136 84

5619 Other support services 2,118 36.6% 30,473 115 105

37,189 22.1% 27,543 1,556 57.0

Administrative and Support Services

Professional, Scientific and Technical Services

Educational Services

Health Care

Finance, Insurance & Real Estate

Computer and Component Mfg

Specialty Trade Contractors

Leading Industry Clusters in the 10 NH counties. Listing all clusters that were leading in at least one county. …the lower the # in cell more important the cluster in the county

CODE Leading Clusters Rockingham Hillsborough Belknap Grafton Merrimack Strafford Cheshire Carroll Coos Sullivan

238 Specialty Trade Contractors 36.0 28.1 20.3 24.6 24.0 26.4 21.7 6.0 10.7721-722 Leisure & Hospitality 48.8 21.3 15.8 40.3 28.8 25.0 4.3 10.8621-624 Health Care 19.4 22.6 38.7 16.7 17.8 16.0 7.3

541 Professional.Scientific & Tech Svcs 42.1 37.2 25.6 16.551 Information 50.0 35.3 29541 Administrative & Support Svcs 31.6 29.0 30.0611 Educational Services 44.7 31.3233 Construction of Buildings 41.3237 Heavy CE Construction 4.0

332-333 Machine & Fab Metal Mfg 13.5334-335 Computer and Component Mfg 27.5

423 Wholesale Trade (Durable Goods) 27.4424 Wholesale Trade (Non Durable) 22.3

52-53 Finance,Insurance & Real Estate 39.86 6 6 5 5 4 4 4 2 1Total

The County economies and leading industries across the state

Sullivan and Coos have the fewest leading industry clusters in common with other counties. These counties are not connected to or benefiting significantly from the leading industry clusters elsewhere in the state

Specialty trade contractors is the most pervasive leading industry cluster with a presence in nine out of the ten counties. This is a product of the recent strong housing and construction markets in the state. Subject to boom and bust

Professional, scientific and technical services is a core leading industry cluster …but with significant presence in only four counties…. Rockingham, Hillsborough, Strafford and Carroll

Information industries is also a core leading industry. Leading in the technology centers of the state –the counties of Hillsborough, Rockingham and Grafton

Sullivan County and Claremont have well below NH average concentration of employment in Creative Class occupations that are expected to be the main source of growth opportunities …

Sullivan (30%) and Claremont (23%) have below NH (39%) and US (36%) average occupational employment concentration in creative class industries

Well below 3.1 percent total employment share of state (less than 2 percent) in: Computer occupations Engineering occupations

Creative Class Occupational Categories

Census, 2000United States

NH Claremont Portsmouth Hanover Grafton County

Sullivan County

% of NH

Super Creative Core Occupations 96,972 602 2,463 1,799 6,849 2,240 2.3%

· Computer and mathematical 21,292 107 644 146 805 321 1.5%

· Architecture and engineering 19,008 75 289 77 709 349 1.8%

· Life, physical, and social science 5,832 37 237 287 720 133 2.3%

· Education, training, and library 38,881 364 857 1,026 3,630 1,139 2.9%

· Arts, entertainment, sports, and media 11,959 19 436 263 985 298 2.5%

             

Creative Professionals Occupations 155,458 941 3,066 1,516 9,659 3,910 2.5%

· Managerial 64,461 356 1,278 610 3,796 1,570 2.4%

· Business and financial operations 27,188 137 616 77 1,195 569 2.1%

· Legal 5,314 35 165 27 209 80 1.5%

· Healthcare practitioners and technical 29,915 242 410 587 2,691 1,010 3.4%

· High-end sales and sales management 28,580 171 597 215 1,768 681 2.4%

           

             

Total “Creative Class” 252,430 1,543 5,529 3,315 16,508 6,150 2.4%

Total Employment All Occupations 650,871 6,581 11,877 4,730 42,329 20,483 3.1%

% Creative Class 36.0% 38.8% 23.4% 46.6% 70.1% 39.0% 30.0%

Rank of 10 Counties     3 9

Claremont and Sullivan Counties compared to NH and US..

Slow population growth and employment change

Variable Claremont Sullivan New Hampshire USPopulation Change April 2000-July 2003 1.6% 3.9% 4.2% 3.3%Employment Change June 2001 to June 2004 NA -2.8% 0.1% -0.5%Unemployment Rate 2003 3.3% 2.9% 4.5% 6.0%

10 NH Counties Correlation: Higher Education and Income

Sullivan ranks 2nd to bottom in % of adults with 4-year College Degrees & Income Percentage of Population Over 25 w/ Bachelor Degree or Higher vs. Per Capita Income (2000)

Strafford (26.4%, $27140)

Cheshire (26.6%, $28217)

Carroll (26.5%, $30423)

Belknap (23.3%, $30082)

Grafton (32.7%, $31338)

Merrimack (29.1%, 30907)

NH (28.6%, $33398)

Rockingham (30.1%, $36016)

Hillsborough (31.7%, $38483)

Sullivan (19.7%, $27671)

Coos (11.9%, $25242)

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25000

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10% 15% 20% 25% 30% 35%

% With Bachelors Degree

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Sullivan CountySullivan County Industry Clusters Industry Clusters

Leading Industries..Leading Industries..– Employment levels, relative concentration, Employment levels, relative concentration,

growthgrowth– Average WagesAverage Wages– Composite MeasureComposite Measure

Detailed Industries rank ordered by percentage of total county employment…

Code Industry% Emp

01Avg

Wage 017222 Limited-service eating places 3.3% 10,7923327 Mach shops, turn prod, screw, nut, bolt mfg 3.0% 40,4573219 Other wood product mfg 1.8% 33,2603231 Printing & related support activities 1.8% 23,0683211 Sawmills & wood preservation 1.6% 30,8794471 Gasoline stations 1.6% 15,8547221 Full-service restaurants 1.5% 8,6162351 Plumbing, heating & AC contractor 1.0% 26,6834218 Machinery, equipment & supplies whsle 0.8% 34,4666211 Offices of physicians 0.8% 43,8234413 Automotive parts, accessories & tire stores 0.8% 24,2926212 Offices of dentists 0.7% 34,8318111 Automotive repair & maintenance 0.7% 25,2294481 Clothing stores 0.5% 16,5825419 Oth professional, scientific, technical service 0.4% 31,8338113 Commercial equipment (exc auto & elec) R&M 0.4% 30,5588134 Civic & social organizations 0.4% 16,4814214 Professional & commercial equip & supp whsle 0.4% 19,8205411 Legal services 0.4% 27,7354219 Miscellaneous durable goods whsle 0.3% 23,7035412 Accounting, tax prep, bookkeep, payroll services 0.2% 18,5567223 Special food services 0.2% 16,3755413 Architectural, engineering & related services 0.1% 28,3532355 Carpentry & floor contractors 0.1% 19,5632357 Concrete contractors 0.1% 49,333

Industry concentrations relative to US average in Sullivan County. Highly concentrated in wood product manufacturing and fabricated

metal product manufacturing industries.

Code Industry LQ 013211 Sawmills & wood preservation 15.23327 Mach shops, turn prod, screw, nut, bolt mfg 8.33219 Other wood product mfg 6.43231 Printing & related support activities 2.68113 Commercial equipment (exc auto & elec) R&M 2.44471 Gasoline stations 2.04413 Automotive parts, accessories & tire stores 1.88134 Civic & social organizations 1.42351 Plumbing, heating & AC contractor 1.34218 Machinery, equipment & supplies whsle 1.27222 Limited-service eating places 1.16212 Offices of dentists 1.14219 Miscellaneous durable goods whsle 1.05419 Oth professional, scientific, technical service 1.08111 Automotive repair & maintenance 0.94481 Clothing stores 0.64214 Professional & commercial equip & supp whsle 0.66211 Offices of physicians 0.52355 Carpentry & floor contractors 0.47223 Special food services 0.47221 Full-service restaurants 0.45411 Legal services 0.42357 Concrete contractors 0.35412 Accounting, tax prep, bookkeep, payroll services 0.25413 Architectural, engineering & related services 0.1

Sullivan County Industries Average Wages (2001)low employment concentration in high wage industries

Code IndustryAvg

Wage 01% Emp

012357 Concrete contractors 49,333 0.1%6211 Offices of physicians 43,823 0.8%3327 Mach shops, turn prod, screw, nut, bolt mfg 40,457 3.0%6212 Offices of dentists 34,831 0.7%4218 Machinery, equipment & supplies whsle 34,466 0.8%3219 Other wood product mfg 33,260 1.8%5419 Oth professional, scientific, technical service 31,833 0.4%3211 Sawmills & wood preservation 30,879 1.6%8113 Commercial equipment (exc auto & elec) R&M 30,558 0.4%5413 Architectural, engineering & related services 28,353 0.1%5411 Legal services 27,735 0.4%2351 Plumbing, heating & AC contractor 26,683 1.0%8111 Automotive repair & maintenance 25,229 0.7%4413 Automotive parts, accessories & tire stores 24,292 0.8%4219 Miscellaneous durable goods whsle 23,703 0.3%3231 Printing & related support activities 23,068 1.8%4214 Professional & commercial equip & supp whsle 19,820 0.4%2355 Carpentry & floor contractors 19,563 0.1%5412 Accounting, tax prep, bookkeep, payroll services 18,556 0.2%4481 Clothing stores 16,582 0.5%8134 Civic & social organizations 16,481 0.4%7223 Special food services 16,375 0.2%4471 Gasoline stations 15,854 1.6%7222 Limited-service eating places 10,792 3.3%7221 Full-service restaurants 8,616 1.5%

Leading industries in Sullivan County and data used in analysis…..

Code Industry EMP 01 AW 01 EST 01 %EMP 01 LQ 01 ABS EMP 98-01 % EMP 98-01

3327 Mach shops, turn prod, screw, nut, bolt mfg 372 40,457 22 3.0% 8.29 4 1.1%2357 Concrete contractors 9 49,333 7 0.1% 0.28 -4 -30.8%7222 Limited-service eating places 408 10,792 29 3.3% 1.12 -1 -0.2%6211 Offices of physicians 96 43,823 20 0.8% 0.48 5 5.5%3219 Other wood product mfg 219 33,260 7 1.8% 6.40 -14 -6.0%4471 Gasoline stations 198 15,854 31 1.6% 1.99 24 13.8%6212 Offices of dentists 83 34,831 13 0.7% 1.05 0 0.0%8111 Automotive repair & maintenance 83 25,229 29 0.7% 0.89 -11 -11.7%8113 Commercial equipment (exc auto & elec) R&M 52 30,558 10 0.4% 2.41 32 160.0%3211 Sawmills & wood preservation 199 30,879 10 1.6% 15.17 -49 -19.8%

Looking Forward

• Need to maintain manufacturing base.. increase innovation-based and high value-added activities.

• Grow (attract new and expand) employment in high wage industry clusters already concentrated southeast and north of Sullivan County ..including Information and Professional and Technical Services

• Develop creative class with quality of life assets and affordable housing