economic impact

ECONOMIC OUTLOOK: The Green Economy

ECONOMIC OUTLOOK: The Green Economy

Across sectors, the COVID-19 pandemic has significantly impacted businesses large and small, even forcing some local favorites to shutter for good. But for the green energy economy in the Monadnock Region and beyond, there could be a bright spot on the horizon.

According to a report published in December by the Solar Energy Industries Association, solar energy accounted for 43% of new U.S. power capacity additions through the third quarter of 2020. And the industry expects to install more than 19 gigawatts of solar this year, which is enough to power more than 3.6 million homes — a 43% increase compared to the previous year.

ECONOMIC OUTLOOK: The Pandemic & Health of Local Economy: The Numbers

ECONOMIC OUTLOOK: The Pandemic & Health of Local Economy: The Numbers

In the nine-plus months since COVID-19’s torrent upending of everyday life, Michael Polizotti, a policy analyst at the New Hampshire Fiscal Policy Institute (NHFPI), has concluded that, despite the economic recession induced by the coronavirus, the ability to draw comparisons between the current state of local economies and other eras of financial turmoil isn’t simply apples-to-apples.

ECONOMIC OUTLOOK: Construction & Economic Development

ECONOMIC OUTLOOK: Construction & Economic Development

While some sectors have seen business plummet due to the pandemic, the construction industry seems to be moving ahead as usual in New Hampshire. Both residential and commercial construction projects are still in demand.

“We’ve definitely still seen a steady set of pre-development activity and applications” for funding for commercial projects, notes Katherine Easterly Martey, executive director of the New Hampshire Community Development Finance Authority (CDFA). “That’s been good.”