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| "Why should a
business invest
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
business environment
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
New Hampshire. The
article below about the competitive site selection advantages for
business
investment projects, and the support services provided as companies grow in
New Hampshire, is from:
John R. DiNapoli
Biographic
Profile
Business
Development Manager, Business Resource Center
State of New
Hampshire Department of Resources and Economic Development
Division of
Economic Development
TEL 603-271-2591
ext. 114 jrdinapoli@dred.state.nh.us
www.nheconomy.com
NH Economy :
News
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
directories, including
site selection
consultants. |
Similar articles
are also available from other state economic development agencies.
See :
The Long List : Why Invest In This
Business Location? and
www.OnTheShortList.com |
| Please
contact us for assistance with business expansion project plans anywhere.
Global Direct Investment Solutions is an
independent service
for executives and their advisors. Tell us what you need to find for your
project, and we will help you in confidence. Our role is like a concierge who organizes
market knowledge and an extensive network of contacts for quick, flexible,
and private response to diverse needs through research and well-qualified
referrals. |
If you find
this article or related content to be helpful, please let them know how you found it. We also
welcome
comments and suggestions to improve such articles and our research work.
Relevant reciprocal
links to this article or other content on this website are welcome.
The GUIDE content below reflects our own research work among
local areas in the state. |
| We also make
it easy to search the content of
fDi magazine - published by FT Business of the Financial Times group.
Try fDi Links,
or just pick their "radio button" in the custom Google site search box on the
home page at www.OnTheShortList.com
or on this website. |
We handle US advertising sales and related marketing work for
fDi magazine. Refer to our
profile of fDI
magazine for more information, including highlights of
back issues and future editorial and event plans, and
examples of past advertisers. |
|
state economic development logo, banner,
or thumbnail ad image(s) not available to publish here at this time |
Ad Recall : fDi magazine |
|
Executive Summary : Why invest in
New Hampshire?
Download
WhyNH.pdf copy of
this article. Published April 19, 2006 |
GUIDE content : GDI-Solutions |
| As an
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. |
Area
Reports : Field Research
- none at this
time
Area
Profiles : Basic Research
- none at this
time
Area
Surveys : Local Summary
- none at this
time |
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
real estate
- Loan guarantees
- Tax exempt financing for manufacturers
|
Consultants, other professionals
- NH directory - not
yet available
- Refer to
US
Northeast region
-
business location
consultants
- other directories of
professionals
Available
consultant reports
- none at this
time
Ad Recall -
state and local ads
- New
Hampshire Ad Recall
Event
Recall - places to meet
-
BIO 2007, Boston
www.bio.org
-
CoreNet Global Summits - US
|
Additional
business service incentives for operating your company in New Hampshire
include:
- Business and technical assistance for
manufacturers.
- 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
|
Tax Information
- none at this
time
Governor -
see US directory
www.state.nh.us/governor/
John Lynch
Business
Incentives
- NH
Incentives information
- Incentives
research sources
- Incentives
consultants |
| For additional
information about why New Hampshire is the right place for your company,
contact:
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. |
Existing
Companies, Clusters
- NH : list of
major employers
-
US Northeast
companies
Sites,
Buildings, Business Parks
- NH :
commercial
property list
-
CRE Search
-
Featured properties - none
Science
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. |
FTZ's -
Foreign-Trade Zones
-
FTZ directory
BRAC -
military base closures
-
BRAC directory
Rail,
Ports, Airports
-
Pease Development Authority |
|
2005 New
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) |
|
Labor
Market
Demographic
and cost data
Utilities information
GIS map
presentations |
|
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
state. |
|
|
The site
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
Portsmouth
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." |
|
John DiNapoli
and Michael Bergeron of NHBRC, PSNH's Pat McDermott and Dave Driver
from Northeast Utilities at NHIS, following a morning in the driver's
seat. |
|
Professional
services directories
-
Site selection,
strategy
-
Project
management
-
Corporate
real estate
-
Property developers
-
Human resources
-
Logistics
-
Tax services
-
Legal
-
international
-
Utilities
|
| The above
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
Email:
jrdinapoli@dred.state.nh.us
Web: www.nheconomy.com
Please let him know if you found this article to be
helpful, or if you have suggestions for improvement. |
PR :
Project Announcements
- NH :
news, press releases
-
US Northeast
projects
Tourism
Residential
Real Estate
-
national
directory of resources |
| Latest update
to the above article : April 19, 2006 New Hampshire provided the
fastest response so far to our request for such articles. |
The above is
GDI-Solutions content. |
| 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
US Northeast
Region directory for additional sources of information, including
professional service providers in the region. |
Questions or
Comments?
Contact :
Bruce Donnelly
TEL
847-304-4655 Chicago |
|
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. |
| Our
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
tool. |
Similar research tools are the
Area Search
(areas within states),
CRE Search
(commercial real estate),
Event Search
(associations, trade shows), and
Media Search
(publications). |
| We also
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. |
Our
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
general. The focus of our work, however, is to
provide personal response to business enquiries which are relevant to this
field. Please
contact us for assistance with business expansion plans. |
| Feedback
from our visitors (Refer also to our general
Guest Book)
Was this presentation helpful? If so, please let
them know, and
inform us too.
With permission, we may selectively share comments below
by executives and professional advisors with relevant experience at the
planning and management of business operations in the state. This
includes executives who may have carefully considered potential investment
in the state, such as to set up new offices, factories, distribution, R&D
operations, etc.
In particular, we welcome comments which provide
significant additional insights into the basic question posed by us to the
state officials : Why invest in this business location? |
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