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Nashua, NH
Nashua is a city in southern New Hampshire, United States. At the 2020 census, it had a population of 91,322, the second-largest in northern New England after nearby Manchester. Along with Manchester, it is a seat of New Hampshire's most populous county, Hillsborough. Built around the now-departed textile industry, in recent decades Nashua's economy has shifted to the financial services, high tech, and defense industries as part of the economic recovery that started in the 1980s in the Greater Boston region. Major private employers in the city include Nashua Corporation, BAE Systems, and Teradyne. The city also hosts two major regional medical centers, Southern New Hampshire Medical Center and St. Joseph Hospital. The South Nashua commercial district is a major regional shopping destination, lying directly on the Massachusetts border and taking advantage of New Hampshire's lack of sales tax. It is anchored by the Pheasant Lane Mall and numerous smaller shopping centers. Nashua ...
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City
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and Urban density, densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, Public utilities, utilities, land use, Manufacturing, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cit ...
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New England
New England is a region comprising six states in the Northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. It is bordered by the state of New York to the west and by the Canadian provinces of New Brunswick to the northeast and Quebec to the north. The Atlantic Ocean is to the east and southeast, and Long Island Sound is to the southwest. Boston is New England's largest city, as well as the capital of Massachusetts. Greater Boston is the largest metropolitan area, with nearly a third of New England's population; this area includes Worcester, Massachusetts (the second-largest city in New England), Manchester, New Hampshire (the largest city in New Hampshire), and Providence, Rhode Island (the capital of and largest city in Rhode Island). In 1620, the Pilgrims, Puritan Separatists from England, established Plymouth Colony, the second successful English settlement in America, following the Jamestown Settlement in Virgini ...
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Pheasant Lane Mall
Pheasant Lane Mall, occupying , is one of the largest shopping malls in the state of New Hampshire and the focal point of the commercial area in south Nashua. As of , the mall has about 139 stores and kiosks, including four anchor stores: Dick's Sporting Goods, JCPenney, Macy's, and Target with one vacant anchor last occupied by Sears, plus 15 restaurants. Since 2012 it has been owned and managed by Simon Property Group of Indianapolis. Located just south of Exit 1 of the F.E. Everett Turnpike/ U.S. Route 3 in Nashua and directly at northbound exit-only Exit 91 (Old Exit 36) off US 3 in Tyngsborough, Massachusetts, the property straddles the state line, although the entire mall is in New Hampshire. Proximity to the border has long drawn shoppers from Massachusetts seeking to take advantage of New Hampshire's lack of a sales tax. Approximately one third of the parking lot and water runoff area is located in Tyngsborough. Shoppers who park in front of the former Sears en ...
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Southern New Hampshire Health System
Southern New Hampshire Health is a system of hospitals and medical centers throughout the southern part of the state of New Hampshire in the United States. It is anchored by the Southern New Hampshire Medical Center (SNHMC), located in Nashua. The hospital was founded in 1893 as Nashua Memorial Hospital and is now a 188-bed regional medical facility that serves an estimated 100,000 patients a year in the southern New Hampshire region. SNHMC has over 500 primary and specialty care providers. SNHMC offers a full suite of health services, including a trauma center, newborn intensive care unit and distinguished programs in endoscopy, orthopedic surgery, gastroenterology, cardiology and neurosurgery. Clinical affiliation with Massachusetts General Hospital Southern New Hampshire Health System is a clinical affiliate of Massachusetts General Hospital (MGH). Magnet designation In 2006, SNHMC was designated as a Magnet hospital in recognition of nursing excellence, one of 386 hospi ...
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Teradyne
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Teradyne's high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM. History Teradyne was founded by Alex d'Arbeloff and Nick DeWolf, who were classmates at the Massachusetts Institute of Technology (MIT) in the late 1940s. The men founded Teradyne in 1960, and set up shop in rented space above Joe and Nemo's hotdog stand in downtown Boston. The name, Teradyne, was intended to represent a very forceful presence. 1,000,000,000,000 dynes = 10 meganewtons (2,248,089 pounds-force or 1,019,716 kilograms-force). d'Arbeloff and DeWolf knew that testing electronic components in high-volume production would reach a bottleneck, unless the tasks performed by technicians and laboratory instruments could be automated. Their business plan involved a new breed of "industrial-grade" electronic test equipment, known for its t ...
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BAE Systems
BAE Systems plc (BAE) is a British multinational arms, security, and aerospace company based in London, England. It is the largest defence contractor in Europe, and ranked the seventh-largest in the world based on applicable 2021 revenues. As of 2017, it is the biggest manufacturer in Britain. Its largest operations are in the United Kingdom and United States, where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. Other major markets include Australia, Canada, Japan, India, Saudi Arabia, Turkey, Qatar, Oman and Sweden, where Saudi Arabia is regularly among its top three sources of revenue. The company was formed on 30 November 1999 by the £7.7 billion purchase of and merger with Marconi Electronic Systems (MES), the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc (GEC), by British Aerospace, an aircraft, munitions and naval systems manufacturer. BAE is the successor to v ...
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Nashua Corporation
The Nashua Corporation (NASDAQ: NSHA) was an American company headquartered in Nashua, New Hampshire that made labels, specialty papers, and imaging products and services. On September 15, 2009, it was bought by Cenveo, Inc. As of early 2010, it had four factories in several states. In April 2019 the long-run label and receipt paper businesses were sold by Cenveo to Iconex. History Nashua began as a gummed paper manufacturer in Rockport, Massachusetts. In 1898 the company folded. The owner, Charles H. Crowell, was an inventor and a farsighted entrepreneur. He sold his crumbling company to Carter, Rice & Company of Boston, who retained Crowell as manager of their new division, renamed as Winthrop Manufacturing Company. A fire destroyed the factory in February, 1904, which had moved to south Boston. The search for a new locale led owners Carter and Rice to Nashua, New Hampshire, where they found the heavily indebted Nashua Card and Glazed Paper Company, which had been founded in ...
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Greater Boston
Greater Boston is the metropolitan region of New England encompassing the municipality of Boston (the capital of the U.S. state of Massachusetts and the most populous city in New England) and its surrounding areas. The region forms the northern arc of the Northeast megalopolis, so Greater Boston means both a metropolitan statistical area (MSA) and a combined statistical area (CSA), which is broader. The MSA consists of most of the eastern third of Massachusetts, excluding the South Coast and Cape Cod; the CSA additionally includes the municipalities of Providence (capital of Rhode Island), Manchester (the largest city in the U.S. state of New Hampshire), Worcester (the second largest city in Massachusetts and in New England), the South Coast region, and Cape Cod. While the city of Boston covers and has 675,647 residents as of the 2020 census, the urbanization has extended well into surrounding areas and the CSA has a population of more than 8.4 million people, making it one of t ...
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Massachusetts Miracle
The Massachusetts Miracle was a period of economic growth in Massachusetts during most of the 1980s. Before then, the state had been hit hard by deindustrialization and resulting unemployment. During the Miracle, the unemployment rate fell from more than 12% in 1975 to less than 3%, which was accompanied by tax reductions and a drastic increase in personal income. Initial growth The growth was heavily centered in financial services and high-tech industry (often driven by technology out of Harvard University and MIT), and within Boston and in its suburbs along Route 128. The expansion of the high tech industry along Route 128 has led to the name of the road being used as a nickname for the regional tech economy, much like Silicon Valley. Notable companies associated with the Miracle include Digital Equipment Corporation, Data General, Wang Laboratories, Prime Computer, Lotus Development Corporation and Apollo Computer. Michael Dukakis was Governor of Massachusetts during mos ...
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Arms Industry
The arms industry, also known as the arms trade, is a global industry classification, industry which manufacturing, manufactures and sells weapons and military technology. It consists of a commerce, commercial Private industry, industry involved in the research and development, engineering, production, and servicing of military material, equipment, and facilities. Arms-producing companies, also referred to as arms dealers, or as the military industry, produce arms for the armed forces of State (polity), states and for civilians. Departments of government also operate in the arms industry, buying and selling weapons, munitions and other military items. An arsenal is a place where arms and ammunition - whether privately or publicly owned - are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include guns, artillery, ammunition, missiles, military aircraft, military vehicles, Naval ship, ships, electronics, electronic systems, milita ...
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High Tech
High technology (high tech), also known as advanced technology (advanced tech) or exotechnology, is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or the newest technology on the market. The opposite of high tech is ''low technology'', referring to simple, often traditional or mechanical technology; for example, a slide rule is a low-tech calculating device. When high tech becomes old, it becomes low tech, for example vacuum tube electronics. The phrase was used in a 1958 ''The New York Times'' story advocating "atomic energy" for Europe: "... Western Europe, with its dense population and its high technology ...." Robert Metz used the term in a financial column in 1969, saying Arthur H. Collins of Collins Radio "controls a score of high technology patents in a variety of fields." and in a 1971 article used the abbreviated form, "high tech." A widely used classification of high-technological manuf ...
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Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financia ...
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