New Hampshire

State Profile

New Hampshire is one of the fastest growing states in New England, offering a low tax burden (8th 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 carbon nanotubes, to speciality 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 Novo Nordisk, a global healthcare company in diabetes care. Headquartered in Denmark, Novo Nordisk recently expanded to West Lebanon, NH where it will produce active pharmaceutical ingredients.

LABOUR
Companies thrive here through a low tax burden, skilled labour and easy access to Boston Logan International Airport and Manchester/Boston Regional Airport. BAE Systems, a UK-based company, employs over 4000 people in New Hampshire and often uses the two airports for both international and national flights.

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 cafés 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 café 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 found just 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 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. New Hampshire is home to over 70 institutions; 29 of which are degree granting and over 40 that deliver certificate/diploma-based vocational education to more than 60,000 students from at least 50 countries.

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

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