NH bankruptcy filings dipped in October
Drop follows a slight increase in September
Author: Bob Sanders
NH Paid Family & Medical Leave Plan ‘culmination of an idea,’ governor says
Employers can sign up starting Dec. 1 for voluntary state program
Executive Council set to OK InvestNH affordable housing grants
$49.5 million to be awarded to 30 projects with over 900 affordable units
Planet Fitness pays $9.4 million to settle suit by ex-CFO
Drawn-out legal action stemmed from dispute over company’s value
Albany International’s revenue rises 12%
Despite ongoing Boeing MAX-related slowdown, defense-related sales boost third-quarter numbers
Where they stand
2022 candidates give their views on business issues
New Hampshire unemployment taxes set to drop, but some employers will see bigger decreases than others
Despite, touted 30 percent average cut, it’s not across the board
USDOL charges New Hampshire home health firm with anti-retaliation violations
Agency says owner pressured workers during ongoing kickback investigation
House panel endorses paper paychecks
Labor Committee nixes Senate bill that would have allowed employers to use payroll debit cards without employee OK
NYSE warns Vapotherm of delisting
Exeter medical equipment maker notified as stock price continues to plummet
Signs of housing market slowdown becoming reality in New Hampshire
With interest rates rising, homes remain on market longer – but median price is still up
NH legislative panel sets its sights on encouraging biomass use
House Science, Technology and Energy Committee endorses removing ‘thermal energy’ from renewable portfolio standards
Cuts in rooms and meals, communications taxes? Not likely
Chances aren’t good that the NH Legislature will cut the rooms and meals tax soon, no matter what happens in the coming election, given the recommendation of the outgoing House Ways and Means Committee
A way to stop the bleeding
How NH companies can reduce their energy bills
Ex-New Hampshire real estate broker sued over alleged embezzlement
Former partner in Meredith firm alleges illegal transfer of funds
NH bankruptcies rose in September
30 percent jump from 2021 was first annual increase since pandemic began
New Hampshire-based Connection charges IBM with failed software upgrade
In lawsuit, firm says it lost ‘millions’ in botched switch to new system
Cuts in rooms and meals, communications taxes? Doesn’t look like they’re coming
House Ways and Means panel casts doubt on 2023 reductions in levies
N. Conway restaurant owner admits to withholding tips, wages from workers
Company agrees to reimburse employees after U.S. Labor Department settlement
Shaheen leads charge to save key federal innovation funding for small business
With SBIR/STTR programs slated for sunset at end of month, senator sponsors legislation to make them permanent
For another month, NH bankruptcy filings remain at near-record low levels
But will inflation pressures put an end to trend?
Ex-Lonza employee seeks damages, charging sexual and racial discrimination
Move comes after Human Rights Commission faults company's ‘overcall culture and standard of behavior’
It’s getting down to the wire for InvestNH affordable housing applications
Developers face Sept. 2 deadline for state’s federally funded program
UPS employee charges sexual harassment, retaliation in lawsuit
Quality assurance auditor at Londonderry facility says she was fired after complaining to company
Daughter sues Salem nursing home over parents’ Covid deaths
Facility owner claims immunity from suit; seeks to move case to federal court
Rochester hospital sued over failure to provide interpreter services to deaf patient
Complaint says Frisbie Memorial failed to meet requirements of decade-old settlement
Annalee Dolls CEO accused of sexual harassment, firing employee after complaint was filed
Ex-employee charges company retaliated against her after turning to Human Rights Commission, EEOC
New Hampshire single-family home, condo sales fell in July
Median price remains up over the year, but drops $10k from June
Car dealership employee files Covid-related suit over firing
Parts specialist claims company took action after possible virus exposure
Sturm, Ruger sees big drop in sales as income falls over 50 percent
Second-quarter results come amid disappointing gun sales industry-wide, rising costs
Unemployment claims are steadily rising
But newly released numbers show a recent dip in filed claims
Bankruptcy filings still low in July
So far, New Hampshire averages 52 filings a month
Joshua Leavitt to plead guilty in PPP fraud case
Serial entrepreneur faces a maximum prison sentence of 30 years and a $1 million fine
Vapotherm Inc. is moving manufacturing operations to Mexico
As many as 500 worked for the Exeter-based manufacturer of breathing apparatuses at the end of last year.
Recent economic analysis shows uptick in wages, but longer work hours
Market sectors show increased employee wages but also the price of goods
Real Estate and Construction News From Around NH
Home sales and other stats from the NH Realtors Association
The decline and fall of NH House majority leader’s Mammoth Tech Inc.
Once over 500 employees strong, family-owned company now has none
Two new laws seek to boost solar energy development in New Hampshire
Governor signs bills to standardize utility connection fees, encourage solar for low-income users
NH reaches $500k Superfund cleanup cost deal; EPA takes legal action over contaminated Wilton site
Georgia Pacific agrees to pay state’s costs in ongoing cleanup; federal agency seeks access to former Abbott Machine site
With bill signing, New Hampshire convenience stores can offer keno
Governor also OKs cryptocurrency, Medicaid dental benefits legislation
With another record-low number of monthly bankruptcies, New Hampshire on track for a milestone year
Only 52 filings recorded in June, none by businesses
Hotel group’s Covid-19 insurance case now up to NH Supreme Court
Justices agree to hear insurers’ appeal of 2021 ruling in favor of S&S Hotels
Diluted ‘community toolbox’ affordable housing bill signed into law by governor
Omnibus HB 1661 also includes Burgess BioPower subsidy, local broadband grants
Auto parts distribution firm sued over alleged Covid violations, racist comments
Ex-employee charges retaliation by company
Sununu signs BPT cut, aid to municipalities into law
Governor also signs bill expanding number of hours teens can work
New Hampshire firm charged with export violations in shipments to Russia, Ukraine
U.S. attorney says falsely identified goods were sent between 2016 and 2019
As New Hampshire’s unemployment rate continues to fall, wages rise
But increase in pay has not been strong enough to match inflation
Littleton Coin CEO details exorbitant costs, requirements of Wayfair tax ruling
At U.S. Senate hearing, he describes hundreds of thousands dollars, hours spent simply to comply with complicated, unpredictable rules
NH median home price continued to climb in May as listings remain scarce
Median in state was $460,000, 14.6 percent higher than April
New Hampshire bankruptcies remain low
53 filings recorded in May, five fewer than April
More news from NHBR:
Shipyard payroll shows strength over the years
An analysis of economic impact reports of the Portsmouth Naval Shipyard by the Seacoast Shipyard Association from calendar year 2020 to 2025 shows that payroll value increased by 15.3% — from $671.4 million to $774 million.
NH is destination for space sector
The two-day Space, Technology, Trade and Research expo on Oct. 28-29 in Durham convened innovators, producers, scientists, engineers, investors, bankers, students and representatives of the U.S. Space Force and Department of War. The goal: Increase networking, collaboration and awareness of what’s happening here, including on the campus of UNH, which provides tools, expertise and facilities for product development and testing.
BAE signs pact with War Department to increase production of laser-guidance kits
The Hudson campus of BAE Systems was the setting for the signing of a multiyear agreement with the U.S. Department of War to increase production capacity of the company’s APKWS laser-guidance kits up to 35,000 units per year. The kits, which transform unguided 2.75-inch rockets into precision-guided munitions, are used by the Air Force, Army, Marine Corps and Navy, and are available to U.S. allies.
The sweepstakes to pick a Medicare plan is on
The exit of two Medicare Advantage carriers from the state will affect 14,200 current enrollees, while changes to other plans could mean a decline in overall enrollment in Advantage plans by 18,104 beneficiaries in 2027
Live-work-create tech village eyed for Manchester
A tech-entrepreneur turned venture capitalist is eyeing one of the largest undeveloped tracts in Manchester for a community where tech- and startup-minded people would live and work. Freedom Village would be located on 250 acres of mostly wooded land at Hackett Hill, which is located in the northwestern corner of Manchester.
Manchester property values jump nearly 50%
The value of all property in Manchester increased by almost half — 48% ‑ over the past five years, according to preliminary data released by city officials on Oct. 13 The valuations, compiled due to a citywide revaluation, add up to $23.09 billion. The current value of city properties is $15.56 billion, which was based on assessments made during the city's last revaluation.
Building tomorrow’s manufacturing workforce
This year’s Advanced Manufacturing and High Technology Summit kicked off with a topic universal to all employers: how to build the workforce of tomorrow. The 24th annual event organized by the New Hampshire Manufacturing Extension Partnership on Oct. 9 featured a keynote panel discussion featuring representatives from the state’s university and community college systems.
It’s (still) the economy, stupid
Back in 1992, political strategist James Carvell came up with the phrase, “It’s the economy, stupid,” to help Democrat Bill Clinton defeat incumbent Republican President George H.W. Bush.
Trouble on the home front
Permitting and construction of new homes is up, but it’s still at historic lows and not enough to keep up with demand. The recent housing production is mostly single-family, with a smattering of multi-family developments but relatively few duplexes, triplexes and fourplexes.
