Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island, Vermont

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Local Market Assessment Region 1 - Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island, Vermont

Connecticut

One of the 13 primary colonies, Connecticut has traditionally been remarkably industrial. Its production roots day back to the American Revolution with the output of firearms and ammunition. Protection manufacturing stays integral to the Connecticut economic system, which includes armed service items such as jet engines, helicopters and submarines. The condition is also a leader in expert and complex fields, attracting corporate places of work of world corporations and U.S. and North American headquarters of international firms.

Connecticut’s share of overseas-born citizens (15.2%) exceeds the nationwide rate of 13.6%—with some spots boasting especially significant figures of immigrants, like from India, the source of the largest selection of immigrants in the point out.

These are just some components that generate world-wide enterprise options for REALTORS® in Connecticut

Massachusetts

Like many early U.S. states, Massachusetts progressed from an agricultural center to a manufacturing middle. Nowadays, the condition is a primary support centre supported by one of the country’s strongest labor swimming pools. 4-fifths of the gross state item is tied to provider industries, with bigger education and learning, health care and technologies participating in a key function. Massachusetts’s prestigious faculties and universities make very trained staff who assistance maintain economic growth and crank out new organization possibilities, quite a few funded by overseas immediate investment (FDI).

Massachusetts is the 15th most populous state, with an approximated 6.95 million persons in 2023. In 2021, 17.6% of Massachusetts inhabitants had been international-born—the seventh highest proportion in the place, in accordance to U.S. Immigration and Border Protection. These immigrants are critical in supporting the state’s support sectors and attracting FDI, assisting to make Massachusetts a international chief in innovation and an perfect place for international providers to create their presence in the United States. Use the details in this report to establish prospects in your current market for world-wide small business.

Maine

Identified for its pristine all-natural surroundings, Maine features a vibrant and pleasant business enterprise group. Strategically locatedvin the northeastern United States, 90 minutes north of Boston and bordering two Canadian provinces, Maine supplies sizeable market place access to North The usa in an beneficial location for producers to import and course of action raw supplies and export finished products. It is property to a few deepwater intermodal ports.

The state’s global trade middle offers custom made consulting, exploration and a community of connections across Maine and around the world to assistance world trade—creating residential and commercial authentic estate small business possibilities. Use the information in this report to acquire a world actual estate small business strategy.

New Hampshire

Found in the northeastern corner of the country, New Hampshire is bounded by Canada on the north, Massachusetts on the south, Vermont to the west, and Maine to the east help save a short stretch of Atlantic Ocean waterfront—which gives accessibility to the state’s only deep-drinking water harbor, Portsmouth Harbor. Portsmouth handles 3.5 million tons and just about $2 billion of cargo every year.

Even though New Hampshire accounts for much less than 10,000 sq. miles of land, it has much to provide the world market. The Manchester-Boston Regional Airport, a rail network and three interstate highways, places the state in a strategic location in the heart of New England, near to markets and clients in Boston, New York, Montréal and beyond. New Hampshire’s population is very educated, more and more diverse and developing.

Recognized for its all-natural magnificence, outsiders frequently understand it as agricultural. Yet New Hampshire’s economy is diversified, with production, tourism, healthcare, and actual estate all participating in a considerable position. It has company-helpful tax policies, and its substantial share of STEM-educated citizens gives a expertise pipeline vital to attracting inbound international financial commitment

These are just some factors symbolizing world business enterprise opportunities for REALTORS® in New Hampshire.

Rhode Island

At just around 1,000 square miles, Rhode Island is the smallest condition in the country, but its strategic location in the Northeast Corridor makes prospects for world-wide enterprise. Situated between New York City and Boston, the condition generates $66 million in GDP with an 8.9% nominal GDP development from 2020 to 2021 and a 5.5% GDP advancement for this identical period of time when altered for inflation. Rhode Island offers New England’s least expensive company tax charge and features a steady organization surroundings, a strong talent pipeline and a vibrant economic development hub.

The Northeast I-95 corridor will allow simple access to New York and Boston and airports and shipping and delivery terminals that provide worldwide marketplaces. In accordance to the John H. Chafee Center for Intercontinental Enterprise, the corridor generates $3.75 trillion in economic output. If a individual place, this region would be the fourth major financial system in the planet, guiding the U.S., China and Japan.

Vermont

Situated in northwestern New England and sharing a border with Canada, Vermont’s site supplies a strategic edge for companies carrying out enterprise with Montréal, Boston and New York Metropolis.

The condition is predominately rural, with almost 80% included by forests. A lot more than 80,000 acres of forest land is held by international possession, which include about 40% by Canadian entities. Canada plays an outsized job in Vermont’s world-wide business enterprise activities—as a trade associate and employer of Vermont staff. Use this report to have an understanding of much more about intercontinental business possibilities throughout the condition and develop a method to faucet into individuals alternatives.