New Hampshire is one of the fastest growing states in New England, offering a low tax burden (the 7th lowest in the US), available and skilled labour and a high quality of life. The state offers many incentives to make it an ideal location for doing business and enjoying a balanced lifestyle.
INDUSTRY
New Hampshire supports a wide array of growing industries, from aerospace and software development to the rapidly emerging biotech sector.
A broad range of manufacturing and service industries are based in the state, producing everything from computer software, precision tool machinery, composite aircraft parts and food production, to specialty products such as firearms, footwear and Shaker-style furniture.
New Hampshire is successful in nurturing the growth of a range of high-tech industries and it is home to many innovative firms, such as BAE Systems, an aerospace/defence company, headquartered in London, employing approximately 4,000 employees in New Hampshire.
LABOUR
Companies thrive here through a low tax burden, skilled labour and easy access to Boston Logan International Airport and Manchester/Boston Regional Airport. Since New Hampshire is only 45 minutes from Boston Logan, many UK companies find that they can be close to Boston, but locate in a lower cost state.
LIFESTYLE
Many young, active and talented people find that New Hampshire has communities that offer outdoor recreation from golf to mountain climbing; a thriving music scene; active nightlife; and bustling streets with outdoor cafes and small retail shops that stay open late at night. For example, it is not unusual to find a jazz band or rock group playing in an open courtyard cafe on a warm summer weekend in Portsmouth, or an ice hockey game taking place at the Verizon Wireless Arena in Manchester.
Creative talent in New Hampshire is not just found in the arts and culture, but also encompasses commerce, science, law and the trades. Many of the people moving to New Hampshire have at least a bachelor’s degree or higher, whether they are making furniture or designing software.
INCENTIVES
In addition to low taxes, New Hampshire offers ERZ (Economic Revitalisation Zone) tax credits, R&D tax credits, job-training grants, on-the-job training grants, assistance to job recruitment, export assistance, financing for real estate and equipment purchases and help in obtaining US federal contracts.
New Hampshire also has a strong community college and university system answering the needs of the business sector. Services include customised courses, internships and training programmes.
Further Information
For more information, contact:
Michael Bergeron
Senior Business Development Manager
New Hampshire Division of Economic Development
PO Box 1856, 172 Pembroke Road
Concord, NH 03302-1856
Tel: +1 603-271-2591
Email: michael.bergeron@dred.state.gov
Website: www.nheconomy.com