|From:||Lenny Siegel <email@example.com>|
|Date:||Sun, 7 Jun 2015 15:59:49 -0700 (PDT)|
|Subject:||[CPEO-MEF] Pease Development Authority [NH]: 25 Years|
25 years of economic growth at Pease Editorial Seacoast Online (NH) June 7. 2015Twenty five years ago this month, in June 1990, the New Hampshire Legislature and Gov. Judd Gregg established the Pease Development Authority.
The Pease Development Authority was created in response to the economic crisis caused by the closing of Pease Air Force Base. The base's closure occurred just as the entire nation was sliding into a deep recession caused, in part, by the collapse of the savings and loan industry and Iraq’s invasion of Kuwait, which drove up oil prices. Many locals believe that the recession of the early 1990s hit this region harder than the Great Recession from December 2007 to June 2009.
Today, Pease International Tradeport is home to nearly 300 economically diverse businesses employing just under 10,000 workers. Another 4,000 people work outside the tradeport in support of those businesses. Total wages for these jobs are estimated at $700 million a year. Portsmouth’s unemployment rate, at just 3 percent, is the lowest in the state.
Pease has become the state and Seacoast region’s most productive engine for job creation, fulfilling the PDA's declaration of purpose "to promote, oversee, and integrate the development of Pease Air Force Base ... for the benefit of affected communities, the seacoast region, and the state and for the improvement of their welfare and prosperity, including the creation of employment and other business opportunities."
... For the entire editorial, seehttp://www.seacoastonline.com/article/20150607/NEWS/150609325/101050/ OPINION
-- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Military mailing list Military@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/military-cpeo.org
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