Putting its pro-business economic growth strategy to work during the pandemic, New Hampshire dedicated nearly 40% of its pandemic relief funding toward sup- porting the business community. The Granite State’s life sciences sector saw extensive growth in the past year, with several companies increasing capacity to meet the demands brought on by the pandemic. Lonza Biologics in Portsmouth is producing 100 million vaccine doses under an agreement with Moderna. Lydall began expansion of its facility in Rochester last summer to meet the growing demand for N-95 masks, and MilliporeSig- ma added 160 jobs in Jaffrey to ramp up production of components for Covid-19 treatments and vaccines. The state also landed several new projects from companies like Integra Biosciences and LSNE.
No use tax, sales tax, inventory tax, capital gains tax, broad-based income tax or professional service tax.
Economic Revitalization Zone Tax Credit: Offers a credit of up to $40,000 per year for six years for projects that locate in an unused or underutilized industrial park, vacant land or previously unused structures.
R&D Tax Credit: Offers a credit of up to $50,000 in any one year for research and development costs.
NH CDFA Tax Credits: Awards up to $5 million per year to non-profit organizations that can then sell credits to businesses as a way to raise capital for community programs.
The New Hampshire Tech Alliance hosts a variety of programs, events and initiatives to unite the state’s tech professionals and stakeholders and provide an environ- ment where collaborations and partnership flourish.