On Thursday, January 19, 2012, Ben Amsden, Dan Lee, and Zack Lacroix presented an update on the “Economic Assessment of Grafton County, New Hampshire” to the Board of Directors of the Grafton County Economic Development Council in at the Lincoln Public Library. There are some notable points from the presentation that I would like to share.
- Grafton County seems to be recovering from the Great Recession, but the situation is still fragile.
- Education and healthcare remain key economic drivers in Grafton County, especially in the Lebanon and Plymouth labor market areas. Recent public budget cuts and economic challenges have resulted in notable declines in employment in these sectors, which will likely be felt throughout the economy.
- Recent employment data provides some hope in the manufacturing sectors. Grafton County remains strong in advanced manufacturing, which is an area in which the United States still holds a competitive advantage.
- Many economic sectors that are important to Grafton County (tourism, building trades, landscaping) are underreported in employment data, because many small businesses do not have a large number of employees.
- Grafton County continues have communities and a natural environment that are highly attractive to visitors and residents. Further economic health is largely contingent on the County’s ability to sustain and build on these attractive qualities.
Please have a look at the PowerPoint presentation, and let me know if you have any questions or comments. The full report, with all the necessary citations and background information, will be posted in the coming days.