#26 New Hampshire


From the Governor

“No income or sales tax, great schools, incredible natural beauty, ease of access to urban centers and a vibrant and dynamic workforce all contribute to there really being no better place to live, work and raise a family.” —Gov. Chris Sununu


Growth in the Granite State

An attractive business and tax environment coupled with a high quality of life is driving new investments in the Granite State. AutoStore Systems of Norway will locate its U.S. headquarters in Derry, and Revision Military is opening its center of excellence in Portsmouth. BAE Systems and Hitchiner have also announced new manufacturing facilities in the state.

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 Contacts

Business Resource Center

Wildolfo Arvelo, Director
603-271-2341
172 Pembroke Road,
Concord, NH 03302-1856
Wildolfo.Arvelo@livefree.nh.gov
http://www.nheconomy.com

Key Incentives

No use tax, sales tax, inventory tax, capital gains tax, broad-based income tax or tax on professional services.

R&D Tax Credit: Offers a tax credit of up to 10% of a business’s qualified manufacturing R&D expenditures for up to $50,000 per year.

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

EDCs

New Hampshire Economic Development: nheconomy.com

Business and Industry Association: biaofnh.com

New Hampshire Economic Development Association: nhedaonline.org

Manchester Development Corp.: manchesterdevelopmentcorp.com

Highlighted Program or Initiative

In June 2018, Gov. Chris Sununu signed into law SB 564, which offers a 10-year tax exemption from both the state business profits tax and enterprise tax for companies that have at least 75% of their taxable activities in the Advanced Regenerative Manufacturing Institute in Manchester.

Big Deals

  • Revision Military announced in May 2018 it will expand operations and locate its center of excellence in Portsmouth.
  • BAE Systems announced in September 2018 it will expand its operations in Manchester and create 400 new jobs.
  • Prudential Cleanroom Services opened a cleanroom laundry processing facility in Nashua in June 2018 with 85 new jobs. Two additional phases will add more than 60,000 square feet in the coming years.
  • Hitchiner Manufacturing announced in April 2018 a $50 million factory and 85 new jobs in Milford.
  • Norwegian cube storage company AutoStore System opened its U.S. headquarters in Derry in June 2018.

Big Companies

Liberty Mutual
Infosys Limited
Universal Software
Dataserv
Fidelity Investments
Akken
Tata Consultancy Services
Liberty Life Assurance

C-Suite Testimonials

“Expanding in New Hampshire would not have been possible without the support of state and local government. The high cost of energy in New Hampshire can be an especially high hurdle…. Fortunately, Hitchiner was able to work through these challenges with the governor’s office, the N.H. Department of Business & Economic Affairs and the town of Milford.” —John H. Morison, CEO, Hitchiner

“Revision’s expansion to New Hampshire depends on the company’s already well-founded commitment to U.S.-based operations and manufacturing.” —Jonathan Blanshay, CEO, Revision Military

“From an entrepreneur’s standpoint, there’s an incredible vision with ARMI (Advanced Regenerative Manufacturing Institute) and what this could look like in the next several years. At its core value, if you think about what it could mean for this area, if you truly become the Silicon Valley for biofabrication, it is a course direction that will impact this area and region for many, many years to come.” —Michael Golway, CEO, Advanced Solutions Life Sciences

- Advertisement -

CEO1000

CEO1000 Tracker

From the schools they went to to the types of companies they run, CEO1000 is tracking the trends among the CEOs of the 1,000 largest U.S. companies.

CEO CONFIDENCE INDEX

CEO Confidence Plunges In August Amid Growing Trade Worries And Slowdown Fears

CEO confidence in future business conditions fell 6% in August from July, according to Chief Executive’s most recent polling. At 6.2 out of 10 on our 1-10 scale, confidence is at its lowest level since October 2016.
- Advertisement -

BEST & WORST STATES FOR BUSINESS

Best and Worst States For Business

Are you looking to relocate or expand? Evaluate each state's strengths with Chief Executive's 2019 Best & Worst States for Business.

CEO OF THE YEAR

CEO of the Year

Once a year, we celebrate the achievements of a CEO, honored for his or her success in and dedication to business, shareholders and customers.

SUBSCRIBE TO CHIEF EXECUTIVE

Sign Up to Receive Chief Executive’s Magazine and e-Newsletters

Chief Executive’s publications are designed to help CEOs do their jobs better and run their businesses more effectively. Subscribe here.