Business & Industry
Lebanon is the center of the Upper Valley’s labor market, with half of the available jobs in the 24-town region. Over 60 percent of Lebanon residents are employed within the city limits. Nineteen percent work for nonprofit organizations; 61 percent work for private for-profit organizations; 14 percent work for the local, state, or federal government; and six percent are self-employed. The median household income is just over $44,000, and Lebanon boasts the lowest unemployment rate in the state, at 4.0 percent.
There are more than 600 employers in the Lebanon area, providing work for more than 18,000 employees. Over 90 percent of the workforce has at least a high school diploma. The average commute time for Lebanon workers is 16 minutes, compared with 26 minutes nationwide.
The primary sector of Lebanon’s economy is professional services, followed by retail/wholesale and then manufacturing. The city’s top ten employers are Dartmouth-Hitchcock Medical Center and the Hitchcock Clinic with 6,452 employees, Timken Aerospace (ball and roller bearings) with 800, Alice Peck Day Hospital with 467, Tom Tom (mapping) with 462, Spectra Printing (printing services) with 401, Lebanon School District with 387, Hypertherm Manufacturing (plasma cutting systems) with 241, Lebanon Municipal Government with 220, Luminescent Systems (electroluminescent lighting) with 201, and Thermal Dynamics (plasma cutting torches) with 186.
According to the economic vision statement for the city, “It is our vision to be an effective, efficient and complete full- service municipal government for the benefit of the taxpayers and citizens by nurturing existing business while encouraging retention and expansion of business; and to create new jobs, strengthen and expand the tax base by attracting clean new business while protecting our homeowners, residents and the overall quality of life.”
Lebanon’s location near the junction of two major interstates, its access by rail and by air, and its close proximity to Dartmouth College and the Dartmouth-Hitchcock Medical Center help foster steady growth and ensure the success of its vision statement. As a result, Lebanon remains a healthy, prospering community with a dedicated workforce, and the Lebanon Area Chamber of Commerce is going strong with an all-time membership high of 365.
The annual HomeLife Show, a joint effort between the Greater Lebanon and Hanover Area chambers of commerce, has been held every March at the Leverone Field House on the Dartmouth College campus for more than 30 years. With over 15,000 visitors and some 200 vendors, the HomeLife show exhibits a variety of products and services, including windows, doors, log homes, pools, spas, heating systems, furniture, computers, and tractors. For more information about the show, contact the Chamber office.
Lebanon’s own segNET Technologies (and sister company segTEL) serve approximately 85 percent of the commercial telecommunications customers in the region through an infrastructure of copper and fiber optic lines, providing telephone and high-speed Internet services.