New Hampshire, located in the New England region of northeastern United States, has developed into an important business and technology hub. With its low taxes, minimal regulations, and pro-growth policies, New Hampshire offers an attractive environment for companies and investors. This article provides a comprehensive overview of New Hampshire’s investment policies, business incentives, key industries, infrastructure, and steps to invest in the state.
New Hampshire’s Economy Features High Income, Low Unemployment, and Steady Growth
New Hampshire has one of the highest per capita incomes in the U.S. at over $29,000. Its unemployment rate typically ranks among the lowest nationally. The state’s diverse economy includes strong manufacturing, healthcare, retail, tourism and high-tech sectors. Major exports include industrial machinery, electronics, metal products, instruments and leather goods. New Hampshire’s GDP growth has exceeded the national average over the past decade.
Business-friendly Tax Structure and Minimal Regulations
New Hampshire has no general sales tax or personal income tax. Corporate taxes are reasonable at 8.5% of net income. Property taxes are also low for businesses. The regulatory burden is light compared to other states. There are few barriers for new company formation and expansion. The hands-off approach provides businesses the flexibility to innovate and thrive.
Attractive Incentives for Businesses and Investors
New Hampshire provides generous incentives to boost investment and job creation. The state offers loans up to $700,000 to help companies purchase facilities and equipment. Tax-exempt bonds are available for manufacturing investments. The state also has Foreign Trade Zones that allow duty-free importing and export processing. Small businesses can access revolving loans and credit guarantees.
Well-Developed Infrastructure to Support Business Operations
New Hampshire has an extensive transportation infrastructure of highways, airports and seaports. Utility costs are reasonable for water, electricity and natural gas. The state is home to several top research universities including Dartmouth College and the University of New Hampshire. This provides a pipeline of skilled workers for technology and manufacturing companies.
Straightforward Procedures to Establish and Invest in New Hampshire
The process to invest in New Hampshire is straightforward. After forming a business entity, companies obtain state tax IDs and required licenses. Generous incentives are available by contacting economic development offices. Investors can access industrial parks, office space, and other real estate. New Hampshire’s optimal location, business climate, and incentives make it an ideal place to invest and grow.
In summary, New Hampshire provides an extremely favorable environment for business investment and expansion. Its dynamic economy, low taxes and regulations, strong incentives, infrastructure, and talented workforce make New Hampshire one of the top states for investors and companies seeking growth and prosperity.