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June ’22 Quarterly Economic Development Update

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The first half of 2022 is now behind us, but the Merrimack Valley economy continues to push forward. Here we will take a look at two data points important to the Merrimack Valley’s economy, unemployment and available commercial properties, to provide a snapshot of where our region’s economy stands today.

Unemployment in the region has ticked slightly upward, a trend persistent across the state over the past two quarters. Despite this, many of our communities continue to move closer towards their pre-pandemic unemployment levels, with only subtle percentage changes across quarters, indicating a current plateau. See more information in the table below and graph above.

MVPC also completed an update of our available commercial properties, which can be viewed here. This tool allows prospective businesses to search for properties to lease or buy, and can search the database by size, type, location, and other factors. Although commercial vacancy rates sit at or near all time lows, there are still many desirable properties available for sale or lease. Check them out and reach out to our Community & Economic Development department if you’re interested in additional information on the available properties in the region.