ABB 2006/7 | State Profiles | North Atlantic region | New Hampshire

New Hampshire is one of the fastest-growing states in New England, offering a low tax burden, available and skilled labour, and a high quality of life. The state offers many incentives to make it an ideal location for doing business and enjoying a balanced lifestyle.

Industry

New Hampshire supports a wide array of growing industries, from the traditional wood-based manufacturing to the rapidly emerging biotech sector. A wide range of manufacturing and service industries are based in New Hampshire, producing everything from computer hardware and software, high-tech industrial machinery, electronic equipment and hazardous waste management systems, to speciality products such as environmentally-sensitive motorbikes, footwear, and Shaker-style furniture.

New Hampshire is successful in nurturing the growth of a broad range of high-tech industries. In terms of production, our software development follows close behind California’s Silicon Valley. And it is home to many innovative firms, such as the world’s leading developer of plasma cutting technology. Since southern New Hampshire is only approximately 45 minutes from downtown Boston and Cambridge, the state attracts young, highly-skilled workers.

Labour

Why do companies thrive here? The state attracts creative people who, in turn, attract diverse industries and it is a great place to live, with amenities and demographic diversity.

Lifestyle

Many young, active and talented people find that New Hampshire has communities that offer outdoor recreation from golf to mountain climbing; a thriving music scene; active nightlife; and bustling streets with outdoor cafes and small retail shops that stay open late at night. For example, it isn’t unusual to find a jazz band or rock band playing in an open courtyard cafe on a warm summer weekend, or a hockey game taking place at the Verizon Wireless Arena in the winter.

Creative talent in New Hampshire isn’t found just in the arts and culture, but also encompasses commerce, science, law and the trades. Many of the people moving to New Hampshire have at least a BA degree or higher, whether they are making furniture or designing software.

Many of the towns and cities in New Hampshire are a mixture of farmers, lawyers, artists, college students, tradespeople, engineers and financial advisors.

Open to outsiders

New Hampshire also thrives because people find that New Hampshire welcomes outsiders. Openness to outsiders has resulted in New Hampshire being the only New England state that has consistent immigration of people over the last ten years.

On average, approximately 1,300 people move to New Hampshire each year, while most of the other New England states have a negative net migration of people moving.

For more information, contact:
New Hampshire Business Resource Center
PO Box 1856
172 Pembroke Road
Concord, NH 03302-1856
Tel: +1 603 271 2591
Fax: +1 603 271 6784
E-mail: info@nheconomy.com

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