New Hampshire, Sullivan County, and the city of Claremont

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New Hampshire, Sullivan County, and the city of
Claremont.. Economic Indicators, Educational
Attainment and Leading Industries
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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
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New Hampshires 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 RD,
  engineering services and testing labs and cable
  and other program distribution

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New Hampshire has several inter-related strengths
to sustain a high per capita income and resilient
economy
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Educational attainment has a strong positive
correlation with per capita income across the 50
states. NH is in the top tier
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New Hampshire Leading Industries and Clusters
of Industries
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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
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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

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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

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Creative Class Occupational Categories Creative Class Occupational Categories
Census, 2000 United 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
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Claremont and Sullivan Counties compared to NH
and US.. Slow population growth and employment
change
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10 NH Counties Correlation Higher Education and
IncomeSullivan ranks 2nd to bottom in of
adults with 4-year College Degrees Income
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Sullivan County Industry Clusters

• Leading Industries..
• Employment levels, relative concentration, growth
• Average Wages
• Composite Measure

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Detailed Industries rank ordered by percentage of
total county employment
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Industry concentrations relative to US average in
Sullivan County. Highly concentrated in wood
product manufacturing and fabricated metal
product manufacturing industries.
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Sullivan County Industries Average Wages
(2001)low employment concentration in high wage
industries
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Leading industries in Sullivan County and data
used in analysis..
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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