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Mixed bag in Economic Recovery for VT, NH and ME

Northern New England is emerging from its Some say it is better. have seen it and
economic recession steadily, no one is can tend to agree in many instances when
breaking any speed records but all is not we are discussing putting American's back
down and out as predicted. Some industry to work. Maine has been making
sectors are blasting right along. New approximately 344 million in sales tax
Nano and Bio tech are strong and people revenues and about 53 million a year in
are getting high paying jobs, while gas taxes. Non-Maine residents
others in the areas of VT, NH, ME are contributed 9 Billion in revenue to
saying that summer vacation rentals are Maine's economy in 2001. In winter of
not doing looking so hot as one property 2002-03 there was actually a 4% increase
management consultant told us. Although in tourism, which is good and it appears
from what we could tell it looks good. to be beating out airline traffic to
Another income property owner confirmed other places as people can drive from the
this who owns properties along 95 all the megalopolis for the weekend, day or week.
way into FL. ME is not great, NH is not But we saw the same thing in Dolly Land
as good either and a few have given up in TN where people could drive for a
this year. In NH a 3 bedroom, private min-vacation.Average Housing price is up
dock and hot tub with two boats was going to 148K now, which is 13.8% higher than
for only $2,000 per week on a lake that previously. Hard work ethic is good in
was last year and this year about Maine and almost as good as the comments
$1800.00 some only $1200 per week; such a on the Western side of the country when
deal for a vacation. On the commercial discussing those in Iowa and places like
side we are seeing Grubb and Ellis, Fargo North Dakota. This years Outlook
Prudential, CB Richard Commercial etc. "The State of Maine Business 2005" had
are inundated with properties and eager plenty of examples of small businesses,
investors are looking to buy anything housing builders, community banks,
producing 8-10% in returns, which a few colleges, tourism success and other types
years back would be poor value and they of businesses doing well. We have to ask
would be uninterested. In MA, BioTech is ourselves how and when will Maine be back
getting a little boost from VC but very to full speed in reality of the whole?It
little else is drawing in funds for looks as if it is happening now, and the
expansion.Healthcare is good, but not time is clicking away as summer is
great, complaining about all the ruthless burning and they are making hay as the
and vindictive regulators who are snowbirds will leave in winter and
storming them as they say. In Maine many tourism will be based on diehards and
have gone back to school and as a matter snowmobil'ers. Well it looks as if we
of fact when we visited we found that are bullish on a few areas that are over
many of those unemployed people have gone 80,000 in population in Maine. There are
back to school or decided to stop many cities, which draw from over all
looking. Talked with a lady who ran a population bases, which we can consider.
small business in one city whose husband We like Augusta and Portland right away
had hurt his shoulder and was looking for and will be looking at others after a
something else but not all that hard. The complete economic recovery and in Summer
idea of more people getting degrees in of 2005. If you wish to start a business
Maine was significant as it compares with in Maine we would recommend any large
Mass with only 1/3 the number of lettered city on the 95 including Bangor,
degrees. In one Technical School-College Waterville, Augusta, Auburn/Lewiston
in Maine it was found that 52.5% of all Brunswick, Portland, and Sanford
students were non-traditional, meaning Springvale. Keep New England in your
online and night school, which is a thoughts.Lance Winslow - Online Think
growing trend across America. Is this Tank forum board.
non-traditional type of learning as good?




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