Federal Reserve Bank of Boston President Susan M. Collins recently visited various locations in New Hampshire to share her economic outlook and engage with local leaders. During her visit to Dartmouth College, Collins discussed economic disparities and the importance of inclusivity in local economies. She emphasized the need for collaborative efforts across different sectors to provide opportunities for all individuals. Collins highlighted the significance of understanding diverse experiences and achieving an inclusive economy to address challenges effectively.
Collins also addressed the issue of high inflation rates and the importance of stabilizing the economy for collaborative problem-solving. She stressed the need for a stable environment to work together towards addressing pressing issues.
Moreover, business leaders expressed concerns about the lack of access to affordable housing and reliable childcare, which are significantly impacting the local workforce. Jenny Levy, an executive at Hypertherm Associates, highlighted the constraints posed by the shortage of workforce housing and the challenges faced by families due to insufficient childcare options. These issues are hindering businesses from attracting and retaining employees, ultimately affecting workforce productivity.
Additionally, discussions with community and economic development leaders in New Hampshire raised concerns about the state's aging population and its implications for the workforce. While the aging population remains a key concern, there are hopeful signs with recent trends indicating slight population growth in every county in the state. Leaders acknowledged the need to address workforce gaps and capitalize on the opportunities that come with attracting individuals to New Hampshire.
Overall, Collins' visit highlighted the importance of collaboration, inclusivity, and addressing key challenges such as affordable housing, childcare, and workforce development in ensuring a prosperous economy for all individuals in New Hampshire.
