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What's new at NH Business Review

Page 1

Boston realty firm sees opportunities in state
Torrington Properties has invested over $500m in NH
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School funding winners, losers
Lawmakers took a stab at addressing issue in 2023
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$196m federal broadband award a ‘game-changer’
New Hampshire will be receiving nearly $200 million in federal funding to expand broadband access around the state — an amount that will help the state achieve its long-held goal of giving all households and businesses the ability to connect to reliable internet service.
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BFA seeks to finance planned New Balance factory
The details must be approved later this summer by the Executive Council.
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NEW HAMPSHIRE GROUP
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NH BUSINESS REVIEW
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$90,000 CDFA award boosts NH Preservation Alliance’s trades workforce initiative
The Preservation Trades Workforce Development Initiative has received $90,000 in Community Development Finance Authority tax credits, a major boost to the effort to strengthen the state’s skilled trades workforce.
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IN BRIEF
CONCORD: Gov. Chris Sununu has signed an executive order that makes New Hampshire the 37th state to prohibit state contracts or investments involving companies that boycott Israel and its trade partners.
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Eversource transfers ownership of Northern Pass land
In the final note to the long saga of Northern Pass, an effort to build a power line through New Hampshire, Eversource no longer owns roughly 5,300 acres that it bought for the project.
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TAKE 5
SIXTY-TWO percent of self-employed workers say they are extremely or very satisfied with their job, expressing higher levels of enjoyment and fulfillment with their job,...
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Exeter Health Resources merges with Beth Israel Lahey
The merger of Exeter Health Resources — parent company of Exeter Hospital, Core Physicians and Rockingham Visiting Nurses Association & Hospice — with Beth Israel Lahey Health is now official.
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SolutionHealth in deal to build 144-bed mental health hospital
SolutionHealth has not chosen a location for the new hospital, but it did say it will be in the southeastern part of the state.
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Analysis: New Hampshire rents have jumped by 37.5 percent since pandemic began
The biggest increase in average rents was seen in Florida, where rents grew by 45.8 percent, to an average of $2,128.
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THE BOTTOM LINE
The U.S. Department of Defense is partnering with the Keene plant to increase manufacturing of high-precision ball bearings for defense and aerospace systems.
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ABOUT TOWN
The funds will be used to provide financial assistance for at-risk and low-income New Hampshire girls, as well as help the growth of the Girl Scouts’ New Hampshire Outreach Troop program.
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Ambition that drives success
While there was often some uncertainty, most expressed confidence that was evident in their tone of voice and body language.
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Page 10

Brewing success
Latino coffee entrepreneurs bring a new experience to NH’s java scene
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SBDC aims to fill capital gaps for Latino entrepreneurs
Liaison with community aims to be the ‘missing link’ in assistance
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Page 12

Midyear political report
With 2024 six months away, things are beginning to take shape
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CSX rail infrastructure upgrade includes NH projects
Company expects to spend over $100m on regional improvements
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Page 14

AI: a blessing or a curse?
Artificial intelligence comes with benefits, but there are warning signs to heed
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2022 federal law jumpstarting NH’s climate plan
New Hampshire — long an outlier among New England states on climate action — is on its way to creating a new climate plan for the first time in 14 years.
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Lawmakers earmarked $40m to ease housing shortage
Budget contains funds for affordable housing development, municipal infrastructure aid
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Page 20

The covert campaign to get kids hooked on smoking
A boost in education regarding the side effects of using cigarettes has not resulted in the discontinuation of these harmful products.
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‘Deconstructing Stigma’ one traveler at a time
Powerful mental health exhibit at Manchester airport a step toward raising awareness
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Patent proposal threatens gains made in fighting ‘trolls’
Small businesses could face new surge in challenges if changes are made
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State budget invests in New Hampshire’s future workforce
Its meaningful increase in support signals a renewed commitment to public education
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Page 22

Protect your financial health in any economy
Transfer excess funds to a savings account to help your money grow passively over time. Earn additional income from the interested generated by your savings.
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Page 26

Laconia State School redevelopment plan scaled back
Developers of 220-acre property cut number of homes by 30%
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Page 28

The zone of opportunity after a failed 1031 exchange
Qualified Opportunity Zones provide another way for investors to defer taxes
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Easterseals to build $23m veterans campus in Franklin
15-acre campus to include affordable housing, short-term rentals and retreat center
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Page 30

CALENDAR
GO TO NHBR.COM/CALENDAR FOR UPDATED & EXPANDED BUSINESS EVENT LISTINGS FROM AROUND THE STATE Please send calendar items to CALENDAR@NHBR.COM
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Page 31

Q&A INTERVIEW
Brian Callnan, who started work in May as the first CEO of the Community Power Coalition of New Hampshire, has had a long career in the utility industry both in Vermont and here in New Hampshire, most recently as vice president of power and access at the NH Electric Cooperative.
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THE LATEST
Please send items for possible publication in The Latest to EDITOR@NHBR.COM Include a color photo if available.
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FLOTSAM&JETSAM
The drumbeats were at first a little distant but still had enough volume, emanating from on the editorial pages of The Wall Street Journal offices in the Fox News compound on Sixth Ave in NYC.
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