Looking Beyond the Shipyard. Economic Development Opportunities and Challenges in Southern Maine and the Seacoast of New Hampshire Charles Colgan University of Southern Maine Ross Gittell University of New Hampshire. Overview. ”We” came together to save the shipyard
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Economic Development Opportunities and Challenges in Southern Maine and the Seacoast of New Hampshire
University of Southern Maine
University of New Hampshire
Demographic-Economic Dynamic: All 3 counties have in-migration higher than US average (32%). About 2/3rds of residents in Rockingham were born in another state, just under 50% in York and Stafford.
High Concentration of baby boomers in NH and Maine and in Rockingham and York. Relatively low percent of under 18 population in Strafford and York and Maine.
Baby Boomers are aging, unlike 1990 the region (except for Strafford) no longer has higher percentage of 25-34 year olds than the US average.
Older population concentration in Maine.. Above average percentages of 65+ and below average young cohort in York. Rockingham concentration of boomers. Strafford college aged concentration.
Focusing on the Industrial Base and Economic Future
Household IncomeRockingham ranks highest in household income .similar to northeastern Mass.. Strafford and York have lower percentage of high income households.
Housing prices in the area relative to 3-state region and compared to US average are not “out of line” with income ..but affordability is issue for local workers
Rockingham has balance of leisure & hospitality and high tech employment. York has concentration in leisure and hospitality, not tech. Strafford does not have high concentration of either.
Rockingham high per capita income related to high technology concentration and high percent of population with college degree.. Neither York or Strafford above US average in high tech or income per capita.
Strafford, Rockingham and York
Leading industries defined as high specialization and high growth