New Hampshire Business Newsreel
BIA chief reappointed to U.S. Chamber group
CONCORD — Jim Roche, president of the Business and Industry Association of New Hampshire, was recently reappointed to a ninth term on the Chamber of Commerce Committee of 100, an advisory panel to the U.S. Chamber of Commerce.
Membership in the Chamber of Commerce Committee of 100, or CCC100, is by invitation only and is limited to chamber presidents and chief executive officers. This group of the country’s leading chamber chief executives advises the U.S. Chamber of Commerce board of directors, enhances the U.S. Chamber’s lobbying and coalition work, recommends programming, and strengthens outreach to the business and chamber community.
MYPN honors Hunter, SilverTech
MANCHESTER — The Manchester Young Professionals Network (MYPN) recognized Preston Hunter with the top honor of Young Professional of the Year and SilverTech as the Business of the Year. The awards were presented Oct. 29 during MYPN’s annual birthday event, held at the Manchester Country Club.
Hunter, director of business development at Eckman Construction, has been involved with MYPN for more than four years. He was elected to the board of directors in 2010 and served as chairman from September 2011 to September 2013. He will remain on the board until September 2014.
This year’s recipient of the Business of the Year Award was SilverTech, a digital marketing agency. SilverTech’s CEO, Nick Soggu, is a MYPN founding board member and prior treasurer. The company has provided continuous support to MYPN and the development of young professionals in the Greater Manchester area, the nonprofit group said.
Home ownership rate holds near 18-year lows
WASHINGTON — Homeownership in the United States held near 18-year lows in the third quarter suggesting the housing market was still struggling to overcome challenges brought on by the recession.
The seasonally adjusted homeownership rate, the share of households owning a home, held at 65.1 percent, the lowest since the fourth quarter of 1995, the Commerce Department said Tuesday.
The rate peaked at 69.4 percent in 2004. Stubbornly high unemployment and stringent lending practices by financial institutions have now put the American dream of owning a home out of the reach of many residents.