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Showing posts with the label NH Economic Development
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  New Hampshire casino legislation has once again been filed.   Senate Bill 586 would allow 5,000 slot machines and 240 table games at "siting of the casino locations is done for optimal revenue impact." Wherever this is.     Starting next year two higher end casinos in Boston and Springfield, Massachusetts will open and almost immediately begin scraping $59 million dollars a year right off the New Hampshire economy. This number will only go higher. Senate Bill 586 is so poorly crafted legislation it does nothing consider Massachusetts never mind competing with it. Wynn Boston Harbor Casino Will Scrape Millions Off The New Hampshire Economy.     Senator D'Allesandro the lead sponsor should have done some in-depth market research before filing this bill and it's apparent he didn't. For example the Lakes Region and North Country areas both have strong tourism economies which casino gaming might enhance, possibly exponentially. This bill does not...

No Progress To Report

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Maine Gov. LePage has made it a priority to expand the International Marine Terminal with is located on commercial street in Portland. This will be a very good capital investment and create many quality jobs and needed tax base. For example, construction has now started to expand rail access into the terminal areas where containers can be easily loaded from ship to railcars or trucks for shipment across the Northeast. Maine sees the future. New Hampshire does not. New Hampshire has a state port authority based in Portsmouth. Though it's terminal is significantly smaller than what exists in Portland nothing is being done. No expansion plans, no capital plans and no strategy to create needed jobs for New Hampshire. And did I say this lack of action is all at NH taxpayer expense.