PSU Helping to Grow the North Country Economy

September 28th, 2009 by Adam
PSU Business professor Daniel Lee explains the development of the North Country Economic Index at a meeting at Plymouth State University Sept. 28.
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PSU’s North Country Economic Index presentation was reported across the nation by the Associated Press and NECN in New England.

Plymouth, N.H. — Plymouth State University is developing a new informational tool to help bolster the economy in northern New Hampshire. The North Country Economic Index (NCEI) will be a periodic index containing detailed information about the economic climate in Coos County and northern New Hampshire.

Business professors Daniel Lee and Vedran Lelas say the economic indicators currently available don’t offer enough information to base important personal, business or governmental financial decisions on, so they are developing a customized collection of data that will be available free of charge. Lee said everyone who has interest in the North Country can benefit from this project.

“We’re going to provide economic indicators that cover the overall economy in the North Country,” Lee said. “People buying or selling a home or business, looking for employment or planning major financial moves can all make better informed decisions with this data.”

The NCEI includes rooms and meals tax collections, home sales, manufacturing and trade sales, building permits, electricity sales and personal income data.

PSU President Sara Jayne Steen said the NCEI is a great example of the University
making a difference with innovation and expertise.

“We offer real world solutions to real world problems,” Steen said. “We are serving this region with excellence and we have a special responsibility to the Lakes region and the North Country that we take seriously.”

Thad Guldbrandsen, executive director of PSU’s Center for Rural Partnership, said the NCEI is part of PSU’s goal to provide assistance to the state.

“We have a lot of resources on campus and we want to harness the potential that we have here at PSU to make the region a better place to live. The way to do that is to connect out to the people who need the information,” Guldbrandsen said.

The NCEI will initially cover Coos County, but Carroll and Grafton counties will be included in future reports.

The NCEI was developed through a partnership with the Neil and Louise Tillotson
Fund of the New Hampshire Charitable Foundation, the Coos County Outreach Initiative and PSU’s Center for Rural Partnerships.

For more information about this release, contact Bruce Lyndes, PSU Media Relations Mgr., (603) 535-2775 or blyndes@plymouth.edu

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