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From Ghost Town to Economic Engine Pease 25 Years After Its Closing

From Ghost Town to Economic Engine Pease 25 Years After Its Closing Applied Economic Research Laconia, New Hampshire June 2015. Region Experiences Strong Job Growth During Pease’s Development Era. Portsmouth Labor Market Adds 22,338 jobs;

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From Ghost Town to Economic Engine Pease 25 Years After Its Closing

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  1. From Ghost Town to Economic Engine Pease 25 Years After Its Closing Applied Economic Research Laconia, New Hampshire June 2015 Applied Economic Research Impact 2015

  2. Applied Economic Research Pease Tradeport Economic Impact 2015

  3. Region Experiences Strong Job Growth During Pease’s Development Era • Portsmouth Labor Market Adds 22,338 jobs; • Combined Portsmouth and Dover Labor Markets Add 31,740 jobs. JOBS Applied Economic Research Pease Tradeport Economic Impact 2015

  4. Unemployment Rate Is Low NOTE: Portsmouth Labor Market includes Brentwood, Epping, Exeter, Greenland, Hampton, New Castle, Newfields, Newington, Newmarket, North Hampton, Portsmouth, Rye and Stratham (per NH Employment Security Commission). Applied Economic Research Pease Tradeport Economic Impact 2015

  5. Portsmouth and Its Labor Market Register the Strongest Job Growth—Portsmouth Adding Jobs at More Than Twice the State Rate Applied Economic Research Pease Tradeport Economic Impact 2015

  6. Pease is Dominant Job Growth Generator in the City of Portsmouth JOBS Applied Economic Research Pease Tradeport Economic Impact 2015

  7. 9,540 Jobs at Tradeport +1,750 Projected;14,400 Regional Jobs Including Supported Off-Tradeport Jobs JOBS Applied Economic Research Pease Tradeport Economic Impact 2015

  8. 250 +/- Occupants: Tradeport Houses Diversity of Users, Large and Small • Manufacturing, Technology: Sig Sauer, Lonza Biologics, Redhook Ale Brewery, Bottom Line Technologies, etc.; • Government:Air National Guard, US Department of State Passport and Visa Center, etc.; • Educational:Great Bay Community College, Southern New Hampshire University, University of New Hampshire, Franklin Pierce University and Granite State College; • Services:John Hancock, HCA Health Services, Northeast Rehabilitation Hospital, Sun Life Financial, Marriot Residence Inn, Pierce Atwood, Five Restaurants and Food Court and Pease Golf Course, etc.; • Aviation/Aerospace:PlaneSense, Seacoast Helicopters, Seacoast Aviation, Port City Air, etc. Applied Economic Research Pease Tradeport Economic Impact 2015

  9. Nearly $600 Million in Wages Paid at the Tradeport—Nearly Triple the 2002 Figure Applied Economic Research Pease Tradeport Economic Impact 2015

  10. Combined Regional Wage Impact is in Excess of $725 million Applied Economic Research Pease Tradeport Economic Impact 2015

  11. Tradeport Generates Over $16 Million Annually in Business and Meals/Rental Taxes to the State of New Hampshire Applied Economic Research Pease Tradeport Economic Impact 2015

  12. Pease Has Nearly 4.5 Million Square Feet of Space Completed, Under Construction and Approved SQUARE FEET Applied Economic Research Pease Tradeport Economic Impact 2015

  13. Total Taxable and Exempt Real Estate Investment at Pease Now Exceeds One-Half Billion Dollars at Market Value Source: City of Portsmouth Assessor’s Office Assessed Value Equalized to Market Value Based on 2014 Portsmouth Equalization Rate (88.5%) Applied Economic Research Pease Tradeport Economic Impact 2015

  14. Taxable Assessed Value at Pease Is Now In Excess of $445 million Source: City of Portsmouth Assessor’s Office Applied Economic Research Pease Tradeport Economic Impact 2015

  15. Annual PILOT Revenues and Municipal Service Fees Total Over $6 million NOTE: “Airport District Municipal Service Fees” are paid to Portsmouth to reimburse the cost of services provided by Portsmouth to properties in Newington. These fees exclude the school portion of the tax rate. Applied Economic Research Pease Tradeport Economic Impact 2015

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