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New Hampshire is the 24th Best State for Business 2014

Nashua Community College, in conjunction with Southern New Hampshire University, received a $2.5 million federal grant to develop an advanced manufacturing program. Comcast Cable is bringing 600 jobs to New Hampshire with the opening of its new call center, but economic development continues to be both New Hampshire’s biggest challenge and its focus going forward.

Previous State: Delaware Next State: Kentucky

No. 24 New Hampshire

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 0.9
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -2

Unemployment

  • Unemployment Rate Dec. 2013 %: 5.1
  • Comparison with Nat’l Rate (6.70%): -1.6

Domestic Migration

  • Domestic Net Migration 2013: -2,355
  • Rank: 31

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 6,743
  • State & Local Gov’t Employees per 10k Residents: 550

State-Local Tax Burden

  • Rate (%): 8.1%
  • Compared to Nat’l Avg. (9.9%): -1.76%
Key Companies
  • White Mountains Insurance Group
  • PC Connection
  • Timberland
  • C&S Wholesale Grocers
Development Trend Indicator: Neutral
Relies on lack of sales tax to keep burnishing its appeal to business.


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.