Lebanon is the center of the Upper Valley’s labor market, providing 50 percent 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 local, state or the federal government; and six percent are self-employed. The 2011 median household income was approximately $55,000, and Lebanon boasts the lowest unemployment rate in the state at 2.7 percent. (May 2015)
There are more than 600 employers in the Lebanon area, providing work for more than 18,000 employees. Greater than 90 percent of the workforce has at least a high school diploma.
The primary sector of Lebanon’s economy is professional services, followed by retail/wholesale and then manufacturing. The city’s top employers are Dartmouth-Hitchcock Medical Center and the Hitchcock Clinic with 6,452 employees, Timken Aerospace (ball and roller bearings) with 600, Tom Tom (mapping) with 462, Alice Peck Day Hospital with 467, Lebanon School District with 387 and Spectra Printing with 401.
The Economic Vision Statement for the city states: “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 or by air, its close proximity to Dartmouth College and its two major health facilities, 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.
The Lebanon Area Chamber of Commerce is thriving with an all-time membership high of 343. For 37 years, the HomeLife EXPO has been a joint effort between the Lebanon and Hanover Area Chambers of Commerce. It is held every March at the Leverone Field House on the Dartmouth College campus and has over 9,000 visitors and 200 vendors. On exhibit are many varieties of products and services for home and business. For more information, or to participate in this show, contact the Lebanon Chamber office. Wings & Wheels, a popular September event, offers visitors a view of classic autos, aircrafts, trucks and motorcydles along with free rides on Cape Air and private rides with local aircraft owners called “Young Eagles.”