New Hampshire is the 26th Best State for Business 2012

May 2 2012 by ChiefExecutive.net


No 26: New Hampshire

No. 26

New Hampshire

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -0.47
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -0.13

Unemployment

  • Unemployment Rate Dec. 2011 %: 5.10
  • Comparison with Nat’l Rate (8.50%): -3.4

Domestic Migration

  • Domestic Net Migration ’00-’09: 32,588
  • Rank: 22

State Government

  • Debt per Capita Fiscal Year ’10 ($): 6,341
  • State & Local Gov’t Employees per 10k Residents: 550.01

State-Local Tax Burden

  • Rate (%): 8.04
  • Compared to Nat’l Avg. (9.8%): -1.76
Key Companies
  • White Mountains Insurance Group
  • PC Connection
  • Timberland
  • C&S Wholesale Grocers
Development Trend Indicator: Neutral
Statehouse continues tax-friendly ways and nurtures entrepreneurial spark.
CEO Comments
“All New England states with exception of New Hampshire have high personal taxes, both income and property. High business taxes with terrible state and local regulations that hinder all businesses. Workforce education not keeping up with new and future business needs.”

“New Hampshire is coming on strong. If they can ever institute “right-to-work” legislation, they could rise to number one.”

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