#28 New Hampshire


#26 in Taxation and Regulation

#17 in Workforce Quality

#18 in Living Environment

Right to Work?

Regional Profile – Northeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Connecticut
9
10
6
5
Delaware
11
11
3
2
Maine
3
5
5
9
Maryland
7
8
11
8
Massachusetts
8
9
1
6
New Hampshire
2
2
2
1
New Jersey
10
6
9
11
New York
11
11
8
10
Pennsylvania
4
3
4
4
Rhode Island
6
7
7
7
Vermont
5
4
10
3

Key Companies

BankNorth

Bottomline Technologies

C&S Wholesale Grocers

PC Connection

Thermo Fisher Scientific

Timberland

White Mountains Insurance Group

Advantages

The state government recognizes that there is a severe skills gap, particularly around manufacturing, and is proactively building a plan to close the gap.

Challenges

A tight labor market—and sluggish in-migration—hampers growth. After decades of luring Massachusetts residents annually by the tens of thousands, that pace has slowed to a crawl. Also, the minimum wage debate is heating up, which could be problematic.

Key Contacts

Business Resource Center

Carmen Lorentz, Director
603-271-2341
172 Pembroke Road,
Concord, NH 03302-1856

Carmen.Lorentz@dred.nh.gov
http://www.nheconomy.com

CEO Comments

“New Hampshire has terrible transportation options (no train, and the availability of flights at MHT is in serious decline).”

“The business profit tax is high.”

Current Developments

Regional Report: Northeast 2016
March 18, 2016

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No 18: New Hampshire

No. 18

New Hampshire

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 8.50%
  • Highest Personal Income Tax Rate: 5%
Workforce Quality
  • % with High School diploma or more: 90.9
  • % with Bachelor’s degree or more: 33.3
  • % with Advanced degree or more: 12.0
  • Patents per 100K: 54.72
  • % of Employed Represented by Unions: 11.7
Quality of Life
  • Hopsitals per 10K: 0.214
  • Elementary/Secondary Schools per 1000 people: 0.362
  • Violent Crimes per 100K: 137.66
Key Companies
  • White Mountains Insurance Group
  • PC Connection
  • Timberland
  • C&S Wholesale Grocers
Other Highlights
  • New Hampshire has held steady at #18 in 2009, 2010, and 2011
  • New Hampshire ranks 7th in state debt per capita with $6357

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education