#24 New Hampshire


6.33 out of 10 in Taxation and Regulation

7.33 out of 10 in Workforce Quality

8.42 out of 10 in Living Environment


Research Initiatives Underway

Announced in late 2016, the Advanced Regenerative Manufacturing Institute in Manchester will be the country’s 12th manufacturing innovation hub. Nearly $300 million in public-private investment from leading manufacturers and universities will help researchers develop cells, tissues and organs to restore function to U.S. veterans. The state has also seen recent expansion and investment from a number of manufacturers, such as NSA Industries and Danish pharmaceutical company Novo Nordisk.

From the Governor

“I am proud that through our pro-growth initiatives, more people are working in New Hampshire today than at any other point in history. A strong, thriving workforce is necessary for our broader goals to boost economic development…. We’re all about the economy, and it’s working.” —Gov. Chris Sununu

Key Companies

BankNorth
Bottomline Technologies
C&S Wholesale Grocers
PC Connection
Thermo Fisher Scientific
Timberland
White Mountains Insurance Group
Infosys Limited
Liberty Mutual Insurance
Universal Software
DataServ
Fidelity Investments
Akken
Tata Consultancy Services
Liberty Life Assurance
Sturm Ruger & Co.

Key Contacts

Business Resource Center

Chris Way, Acting Director
603-271-2341
172 Pembroke Road,
Concord, NH 03302-1856
Chris.Way@dred.nh.gov
http://www.nheconomy.com

Key Incentives

Economic Revitalization Zone Tax Credit: Offers a tax credit of up to $240,000, for six years at $40,000 per year, against business profits and enterprise taxes for those located in an unused or underutilized industry park, land or structure.

R&D Tax Credit: Offers a tax credit of up to 10% of the business’ qualified manufacturing research and development expenditures, capped at $50,000 in any one year.

Coos County Job Creation Tax Credit: Offers up to a $1,000 credit against business enterprise tax for any new, full-time job paying wages equal to 200% of the minimum wage.

No Taxes: No use tax, sales tax, inventory tax, capital gains tax, broad-based income tax or professional service tax.

EDCs

New Hampshire Economic Development: nheconomy.com

Business and Industry Association of New Hampshire: biaofnh.com

New Hampshire Economic Development Association: nhedaonline.org

Manchester Development Corp.: manchesterdevelopmentcorp.com

Highlighted Program or Initiative

The Robotics Education Development Program offers state funding for all K-12 schools to start robotics programs and encourage students to take interest in the STEM fields.

Big Deals

  • Plumbing supply distribution company FW Webb broke ground in August 2016 on a one-million-square-foot distribution center in Londonderry to serve the Northeast.
  • Prudential Overall Supply broke ground in September 2016 on a 131,000-square-foot commercial laundry facility in Nashua to serve the Northeast.
  • NSA Industries announced in October 2016, an expansion in Groveton with a 73,000- square-foot facility and 50 new jobs.

C-Suite Testimonials

“Relocating central distribution to Londonderry from Amherst represents a major investment in our operations and a significant commitment to our customers and manufacturing partners…. This huge, state-of-the-art CD facility will allow us to offer our customers even more and better products and reach further into the Northeast. We expect it will serve us indefinitely.” —Jeff Pope, President, F.W. Webb Co.

“We have many opportunities coming to fruition….We’re simply running out of space in our current facilities, and we are pleased to have found an excellent partner in the Groveton region to meet our growth needs.” —James Moroney, CEO, NSA Industries

“Our team is thrilled to be building our newest facility in Nashua, New Hampshire. The location will provide our Northwest customers with additional products and service offerings and will help with our company’s expansion into additional markets.” —Tom Watts, President, Prudential Overall Supply

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