BIA highlights workforce aging crisis in New Hampshire at Senate Bill 84 discussion

New Hampshire's aging workforce poses a significant challenge to the state's economic future, as highlighted in a recent meeting of the House Committee on Housing. A key discussion centered around Senate Bill 84, which aims to address critical housing issues that impact workforce retention and attraction.

The Business and Industry Association (BIA) underscored the urgency of the situation, revealing that 27% of New Hampshire's workforce is aged 55 or older, making it the oldest workforce in the nation. This demographic trend raises concerns about the state's ability to sustain economic growth and competitiveness. The BIA emphasized that while the current workforce is experienced and skilled, the rapid aging could hinder future job retention and investment.

Senate Bill 84 is seen as a vital opportunity to tackle these challenges by improving housing availability and affordability, which are crucial for attracting younger workers and families to the state. The committee's discussions highlighted the need for immediate action to ensure that New Hampshire can continue to thrive economically.

As the state grapples with these demographic shifts, the implications of the committee's decisions will be closely watched. The focus on housing solutions is not just about providing shelter; it is about securing a vibrant economic future for New Hampshire. The next steps will be critical in shaping policies that support a diverse and sustainable workforce.