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This week in NH Business Review
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Ragged Mt. hit with second EB-5 suit
Foreign investor seeks return of $545k from ski area developer
MARK HAYWARD Page 1
Enviro advocates mull ways to nurture support
Focus on Legislature seen as key to making inroads
JOHN KOZIOL Page 1
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Manchester Distillery opens with Craft & Creativity Showcase
Manchester Distillery, the brainchild of Manchester powerhouses Liz and Jeremy Hitchcock, celebrated a ribbon-cutting ceremony earlier this month to a crowd of 300 people.
Granite Staters report affording household expenses remains challenging
Phil Sletten is research director of the NH Fiscal Policy Institute. The NHFPI Policy Memo is a partnership of the NH Fiscal Policy Institute and NH Business Review.
PHIL SLETTEN Page 2
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NH’s first zero-waste grocery store opens in Bedford
Any packaging that is used is made with reusable, recyclable or biodegradable materials in order to fulfill the company’s vision of a healthier environment and community.
11 NH companies make Inc.’s 5000 list
Inc. recently released its Inc. 5000 list for 2023, which featured 11 companies based in New Hampshire, ranked according to revenue growth from 2019 to 2022.
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New Hampshire develops path to electrician licensing for veterans, service members
Candidates for licensure must demonstrate completion of 8,000 hours of service as an apprentice electrician and are required to pass an OPLC examination.
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ABOUT TOWN
The NH Chapter of Speedway Children’s Charities (SCCNH), the official charity of NH Motor Speedway in Loudon, raised close to $100,000 during its NASCAR weekend, July 14-17.
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THE BOTTOM LINE
The Boston-based athletic footwear company is working with the NH Business Finance Authority to secure a bond of up to $72.5 million.
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A ‘rebirth’ in Nashua
How Rob Parsons breathed new life into Sky Meadow Country Club
AMANDA ANDREWS Page 8
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Investing in a bear market
As reported in The Wall Street Journal, at the market low in October 2022, the U.S. stock market was down about 25 percent from its peak at the beginning of that year.
DANIEL COHEN Page 10
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Outdoor recreation industry teams with UNH, state to rev up ‘economic engine’
Newly created policy fellowship seen as key support for growing sector
PAUL BRIAND Page 11
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The rewards of delivering value
With the increased price of gas, prices are important to many. There are even apps like GasBuddy that give you gas prices in your surrounding area.
RON BOURQUE Page 12
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New law seeks to limit rising healthcare staffing costs
SB 149 puts controls on staffing agency practices, fees
ANNMARIE TIMMINS/NH BULLETIN Page 13
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NH filmmaker commemorates 1973 rock concert
Watkins Glen Summer Jam in upstate New York drew 600,000 people – 100,000 more than the infamous Woodstock in 1969
PAUL BRIAND Page 14
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Thanks to an old friend
Jeff’s retirement must not go without notice in this column, however, since he has been responsible for improving its content continuously.
BRAD COOK Page 16
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Berlin’s biomass plant future unclear after Sununu vetoes plan to forgive debt
But its contract with Eversource, which dates back to when the company was still known as Public Service of New Hampshire, has been controversial since the beginning.
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Letter from the Editor
When I first joined NH Business Review in 1983, the largest private employer in the state was the Brown Paper Company in Berlin, a name that many readers may never have heard before or barely remember.
JEFF FEINGOLD Page 20
Twin States Energy Link is a win for New Hampshire
New Hampshire’s clean energy industry is a rapidly growing component of our state’s economy and a critical path to the renewable energy that is vital in our fight against climate change.
DAVID WATTERS Page 20
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Don’t be fooled by fast cash, high-risk business loans
You may have found yourself scrolling late at night or sitting in front of the TV when you see ads for fast cash loans with little to no credit checks.
LAUREL ADAMS Page 21
Banning TikTok diminishes our freedom of speech
The First Amendment prevents Congress from impeding on Americans’ right to free speech. TikTok provides users with the ability to communicate with others, build communities and express themselves.
KEVIN ST. JAMES Page 21
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Make the most of your health benefits: 6 questions employers should ask their healthcare insurer
Employee productivity and performance are directly tied to the health of your workforce.
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Significant changes are coming to your retirement plan
Employers should start planning now for the mandatory effects of the latest SECURE Act 2.0 set to begin in 2024
JOHN E. RICH JR. Page 24
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Five myths about retirement that can lead you astray
Whether you are decades away from retirement or it’s right around the corner, it’s important to separate fact from fiction when it comes to planning for your post-work life.
BOB BONFIGLIO Page 25
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How financial trauma affects older employees’ health
What employers can do to recognize the signs and offer solutions
MICHELLE STRICKLAND Page 26
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Will you have enough money to retire comfortably?
The earlier you begin retirement income planning, the better
JOSEPH GUYTON Page 28
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Investing in workforce is vital for business growth
It is the one of the best ways to ensure that employees have the skills and expertise needed to meet new challenges. One of the state’s leading experts shares more on this topic.
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Cranmore to begin new phase of base area redevelopment
Cranmore Mountain Resort, North Conway, is set to begin construction on the latest phase of its multi-year base area redevelopment, The Lookout.
Agencies seek to cut energy consumption, costs in state buildings
Exec Council OKs $180k to promote energy reduction, responsible behavior and efficiency strategies
HADLEY BARNDOLLAR/NEW HAMPSHIRE BULLETIN Page 30
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Groundbreaking soon for Lonza facility at Pease
According to the announcement, Vertex is advancing cell therapies aimed at treating the underlying cause of Type 1 diabetes: the absence of insulin-producing cells.
PAUL BRIAND Page 31
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Home prices ease up, but still second highest ever
State’s $480,000 median price up 6.7% from last year
PAUL BRIAND Page 32
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NH’s promising Housing Champion program
New initiative could bridge gap in housing supply
CHLOE GOLDEN Page 33
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Q&A INTERVIEW
Since its founding in 2020, Tyler Ray, an attorney who specializes in outdoor recreation law, has been director of the Granite Outdoor Alliance.
AMANDA ANDREWS Page 35
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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
“Let me tell you something: My family appreciates the fact I’m not on that list.”