| "Why should a
in New Hampshire?"
New Hampshire state
economic development professionals who are responsible for the attraction of
business investment and providing site selection assistance to executives
and their consultants were invited in April 2006 to provide an informative
article on this simple topic.
We publish their
point of view here for convenient reference. This reflects their local
market knowledge, project experience, and selective facts about their state
and the competitive business investment climate in their region as presented below.
Additional comments and
research suggestions follow their article.
Who to contact for business investment projects in
article below about the competitive site selection advantages for
investment projects, and the support services provided as companies grow in
New Hampshire, is from:
John R. DiNapoli
Development Manager, Business Resource Center
State of New
Hampshire Department of Resources and Economic Development
ext. 114 firstname.lastname@example.org
NH Economy :
for project announcements or other state PR
NH Economy :
Buildings and Sites
for commercial real estate searches
|Local business clusters can also be researched through
our New Hampshire directory of economic development agencies or other
are also available from other state economic development agencies.
The Long List : Why Invest In This
Business Location? and
contact us for assistance with business expansion project plans anywhere.
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Executive Summary : Why invest in
WhyNH.pdf copy of
this article. Published April 19, 2006
GUIDE content : GDI-Solutions
introduction, New Hampshire has one of the lowest tax burdens in the
country. We have business and technical assistance programs. We’re a small
state with accessible government contacts.
It’s about our “incentives”. Our incentives are different
from other states. Our philosophy toward economic development is different.
We do not believe in providing financial subsidies to companies locating to
our state. Generally, subsidies have a finite life and after they end, the
recipient becomes subject to the taxation necessary to generate all future
subsidies. In New Hampshire, we concentrate our efforts toward minimizing
all taxation and allowing companies to maximize their profits year after
year. We believe that you get to keep more of what you make in New
Hampshire than elsewhere.
Reports : Field Research
- none at this
Profiles : Basic Research
- none at this
Surveys : Local Summary
- none at this
|Here are some
examples of our “incentives”:
- No sales tax
- No use tax
- No broad base income tax
- No capital gains tax
- No inventory tax
- No higher assessment for commercial or industrial
- Loan guarantees
- Tax exempt financing for manufacturers
Consultants, other professionals
- NH directory - not
- Refer to
- other directories of
- none at this
Ad Recall -
state and local ads
Hampshire Ad Recall
Recall - places to meet
BIO 2007, Boston
CoreNet Global Summits - US
business service incentives for operating your company in New Hampshire
- Business and technical assistance for
- Grant assistance in recruiting and training
employees and incumbent workers.
- Subsidized technical assistance from the
University of New Hampshire and Dartmouth College.
- Technical assistance to New Hampshire companies
interested in procuring federal and state contacts.
- Permit assistance
- Customized reports and personal tours on
available commercial and industrial real estate.
- Export consulting
- Prompt and professional follow-through on any
question related to state government
- none at this
see US directory
information about why New Hampshire is the right place for your company,
Our job, as Business Development Managers is to assist
in‑state companies with their expansion needs, as well as recruit companies
from other states (or around the world) to locate to New Hampshire. Job
growth is one of the keys to economic prosperity.
- NH : list of
Buildings, Business Parks
- NH :
Featured properties - none
Parks and Incubators
Technology parks directory
|We work with
companies in identifying sites (land or existing improvements) that best
meet their investment criteria. We can provide assistance (if requested) in
identifying those professionals that a company might need to contact in
order to obtain approvals (environmental, surveyors, architects, attorneys
etc.) to construct a new facility or negotiate leases. We can assist in
identifying contractors that could give estimates on tenant improvements or
build-to-suit opportunities. We can arrange for companies to meet with
various lenders, if financing is needed, and so on. Our office prides
itself on total customer/client satisfaction.
Once a site is identified, we encourage companies to meet
with the local economic development individual or group that serves that
city/town or area. Their insight and knowledge on how the community operates
can be very advantageous. We (the state) may not have all the answers to
your questions, but we will do our best to get them for you. Our goal is to
have you as educated as possible on the benefits of doing business in our
state. Welcome to New Hampshire.
military base closures
Pease Development Authority
Hampshire Business Resource Center Recruitment Results
Michael B. Bergeron and John R. DiNapoli,
Business Development Managers
24 companies relocated or retained in New Hampshire
780 new jobs
452,600 gross square feet absorbed
$24,287,640 in new payroll Year 1*
$1,722,114 in new BET and property taxes over two years**
$364,314 in new BET taxes over two years
$1,357,800 in new local and state property taxes over two years***
Assumes an average of
$14.97 per hour or $31,138 per year
(Source: NH Employment Security)
Assumes BET tax of
.75% compensation paid on W-2's, but not including potential interest
paid or accrued, and dividends
(Source: Dept. of Revenue Administration)
Assumes property tax
rate of $1.50 per square foot (Source: DRED)
and cost data
NHBRC's First-Ever Familiarization Tour
The NH Business
Resource Center, in collaboration with Public Service of New Hampshire
and Northeast Utilities, held its first-ever Familiarization Tour (Fam
Tour) at the New Hampshire International Speedway in Loudon and Pease
Tradeport in Portsmouth on Thursday, September 22, 2005.
"What a success,"
said Roy Duddy, Director of the
NH Business Resource
Center. The recruitment team invited national and regional site
consultants and developers to spend the day in New Hampshire so they
could better understand the benefits of operating a business in the
consultants were treated to dinner at the Common Man in Concord, where
they were greeted by Governor John Lynch. The following morning, they
headed to New Hampshire International Speedway to test drive several
NASCAR race cars. Next, they traveled to
and met with George Bald, Executive Director of the Pease Development
Authority. A full history and tour of the facility followed.
"We're thinking out of the box to stay competitive," noted Duddy.
"We've enjoyed success over the years and we want that to continue.
Michael and John are excellent Business Development Managers and have
great reputations within the industry. When a consultant contacts
them, I know New Hampshire is in good hands."
and Michael Bergeron of NHBRC, PSNH's Pat McDermott and Dave Driver
from Northeast Utilities at NHIS, following a morning in the driver's
article was provided by :
John R. DiNapoli
Business Development Manager
NH Business Resource Center
P.O. Box 1856
172 Pembroke Road
Concord, NH 03302-1856
Tel: 603-271-2591 X 114
Please let him know if you found this article to be
helpful, or if you have suggestions for improvement.
- NH :
news, press releases
directory of resources
to the above article : April 19, 2006 New Hampshire provided the
fastest response so far to our request for such articles.
||The above is
|If quoting the
above material, please cite the state organization and
contact above as the original source, and that it was found through
www.gdi-solutions.com . For
more local area information, refer to our
New Hampshire directory
of economic development agencies and chambers of commerce, or refer to our
Region directory for additional sources of information, including
professional service providers in the region.
This article was prepared by professionals who are responsible for the attraction of
business investment projects to the state, such as for new offices,
factories, distribution centers, etc. These articles are not edited to
reflect our own research, experience, or point of view, nor do we validate
the assertions which they have made in the article, or make any warranty about such
content. We provide other content and links through our independent
GUIDE research work.
Please let us
know if there are other topics which you would like these articles to cover,
or if you feel that any updates or corrections are needed.
Comments based upon experience as an executive or professional service
provider responsible for the planning
of investment projects anywhere are welcome. We also welcome other
professional research reports which we can summarize and make available
through links to relevant websites where they are published.
USA Search feature at
www.OnTheShortList.com can be used to selectively search the
websites of US state economic development agencies as a convenient research
||Similar research tools are the
(areas within states),
(commercial real estate),
(associations, trade shows), and
maintain many reference directories
of economic development agencies, professional service provides, and topics
of common interest for capital investment project planning.
This includes directories of project announcements, property
listings, incentives information, labor market information, and many other
resources to facilitate project plans.
Research directory provides
links to many sources of information and data which may be helpful to
executives for capital investment project plans and quick reference in
The focus of our work, however, is to
provide personal response to business enquiries which are relevant to this
contact us for assistance with business expansion plans.
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