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Business and Industry

Forbes magazine has called the Hanover-Lebanon Area of the Upper Connecticut River Valley the strongest regional economy in the nation for communities of its size. Helping make the Hanover Area so economically stable are Dartmouth-Hitchcock Medical Center and Dartmouth College, the largest local employers with over 10,000 employees between them.

Hypertherm, Inc. (the world leader in plasma-cutting technology), was named by the Society for Human Resource Management as one of the “50 Best Small & Medium Companies to Work for in America.” It also has been recognized by Business New Hampshire Magazine as one of the top large companies in the state to work. Other area companies include: TomTom (a leader in digital mapping and other geographic data), whose American headquarters are in Lebanon; King Arthur Flour, located in Norwich, Vermont; and Trumbull-Nelson Construction, located in Hanover, NH.

In addition to the hospital, college, retail, manufacturers and technology companies, Hanover is a banking center. It is home both to large regional banks as well as smaller, independent and locally owned banks that boost the already-stable economy with local investments. Professional services, health care, hospitality and food service are major industries in the Hanover Area, where an estimated one out of every three employees walks to work. The U.S. Census Bureau cites the average commute as being just 13.9 minutes. A whopping 96.3 percent of the workforce over 25 years of age has at least a high school degree and 78.1 percent have a bachelor’s degree or greater.

Downtown Hanover has seen carefully considered changes over the years as it continues to balance new growth and design with the maintenance of handsome, older buildings. Ledyard Financial Advisors built an eye-catching office building just off Main Street on Maple Street, and Dartmouth College’s new Black Family Visual Arts Center opened in 2012. Much of the new construction in recent years has been the result of a coordinated effort by the town and the college to add retail, office and residential space that complements the unique character of the town.

On the outskirts of town, Centerra Resource Park – a business park and marketplace – is a growing development on Route 120 that includes a business incubator. Its location near Dartmouth-Hitchcock Medical Center and proximity to both downtown Hanover and Lebanon make it a premier location for commercial businesses and light industry.

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