Nashua
Sore T EM ac=d elo Lat
apA0 Rope tom Naess eleled an
group explored economic
development opportunities
in Nashua including the
redevelopment of the historic
Millyard, an economic
conditions analysis, and
a workforce development
analysis. The study suggests
the City encourages
inclusive technology-
and health care-related
entrepreneurship, create
linkages between unemployed
or underemployed residents to
job opportunities, and create a
mixed-use Millyard district that
more seamlessly integrates
into downtown.
Nashua is more dependent on manufacturing as a source of
employment than the nation as a whole. Manufacturing represents 15%
of Nashua’s job base but is only 10% of the US job base.
By comparison retail and the
healthcare sectors which are also
major employment drivers, their
location quotients are 1.33 for
retail, and 1.19 for healthcare
and social services.Because this
is pre-pandemic data and 2020
data at the time of this writing
is not available for Nashua the
impact on retail trade and the
accommodations and food services
sector can’t be determined
from this data. Professional and
technical services which includes
research and development
as well as some computer
related services, while a major
employment driver for the city, is
below the national average with an
LO of .85
Concentration of
Economic Sectors
Location quotient helps us
understand the strength and
weaknesses of a community’s
economy. While location quotient
normally refers to the local
concentration of an industry
relative to its concentration across
the whole United States, the
planning team has also calculated
a New Hampshire-specific version.
In other words, a 1.0 on this
graph means that that sector
makes up the same proportion of
Nashua’s economy as it does New
Hampshire’s economy. Finance
and insurance, for example, makes
up twice the amount of Nashua’s
employment as it does New
Location Quotient compared to New Hampshire
Location Quotient Relative to NH
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Source: Longitudinal Employer-Household Dynamics Workplace Area Characteristics
Block-Level Analysis, US Census Bureau, 2018
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