New Hampshire
- One of the lowest tax burdens in the country - NO sales tax, use tax, broad-base income tax, capital gains tax or inventory tax and NO higher assessment for commercial or industrial real estate.
- Available and skilled labor
- Easy highway and airport access
- Affordable and available commercial real estate
- Accessible state government that cuts through red tape
As the Most Livable State in the U.S. for the last five consecutive years,* the second Healthiest State in the U.S., and the Safest State in the nation, New Hampshire offers exceptional quality of life:
- Low crime
- High quality health care
- Excellent schools
- Affordable housing
- Open space
- Cultural opportunities
For more information and confidential follow up, contact: Michael Bergeron, or Cindy Harrington
(603) 271-2591 or 1-800-417-4110.
Financial Services
Revitalization Zone Tax Credits (Formally CROP Zone)
The state offers a program called Revitalization Zone Tax Credits. Revitalization Zone Tax Credits, which is a short term, tax credit against the business profits and enterprise taxes. To qualify, the location must meet certain demographic criteria, or be in an unused or underutilized industrial park, or vacant land, or structures previously used for industrial, commercial, or retail purposes but currently not so used, or Brownfield site.
Community Development Block Grant
This assistance can be in the form of a grant to the municipality for a public infrastructure improvements on behalf of an expanding business or a loan to the business itself. The maximum amount of funding available for any given project is $500,000, regardless of size of the community applying for the grant. All grants are one-year duration, and one job must be created for each $20,000 in CDBG funds granted. The key to this federal program is that a minimum of 60% of the jobs created must be filled by low and moderate-income persons.
Talent development is a major component of
That's why the New Hampshire Job Training Fund was created, and we hope your company is able to take advantage of this matching grant program designed to enhance worker skills and help you stay competitive in the global marketplace.
A minimum of 50 percent cash match is required. Ineligible matching funds include salaries, wages bonuses and benefits of employees in training; in-kind contributions; administrative or entertainment expenses; and costs resulting from violations of, or failure to comply with federal, state or local laws and regulations. For a fact sheet, please click here...
Low Interest Loan Program Based on New Jobs
The State of New Hampshire offers a low interest loan program through Citizens Bank that provides financing from $250,000 to $10 million. The loan is based on creating new jobs in
Energy Efficiency Loans
In cooperation with Ocean Bank,
Research and Development Credit
During the 2007 session, the Legislature enacted a research and development credit against business taxes paid to the state of
Business organizations that have expenditures made during the fiscal year for qualified manufacturing research and development. "Qualified manufacturing research and development" expenditures are wages paid to employees of the business organization for services rendered in Coos County Job Creation Tax Credit For an application please click here. Industrial Revenue Bonds Loan Guarantees Business Services For additional information on incentive programs, real estate surveys, wage/benefit data, tax comparisons by state, and information about why Michael Bergeron or Cindy Harrington (we keep all contacts confidential) *The Most Livable State, Healthiest State and Safest State annual awards are designated by Morgan Quitno Press, which bases its awards on extensive statistical data.
For more information on the R&D Tax Credit please contact the:
NH Department of Revenue Administration
45 Chenell Drive
Concord, New Hampshire 03301
Phone: 603-271-2191 ~ Fax: 603-271-6121 ~ TDD Access Relay NH: 1-800-735-2964
or visit their web site for FAQ’s, Laws, forms, and other useful business links at http://www.nh.gov/revenue/faq/dra_165.htm
During the 2008 session, the Legislature enacted a Coos County Job Creation Tax Credit against business taxes paid to the state of New Hampshire. The credit is granted to businesses for each new, full time, year-round employee hired in Coos County for which actual wages paid, including the amount paid by the employer for medical and dental benefits, equals or exceeds 150 percent of the current state minimum wage ($6.50 through July 23, 2008, the state hourly rate between July 24, 2008 and August 31, 2008 is $6.55 and on or after September 1, 2008 the rate increases to $7.25. The amount of the credit is based upon the proportion that the wage for the new employee exceeds the minimum wage. If the proportion of the wage for the new employee is equal to or greater than 150% of the minimum wage but not less than 200% of the minimum wage, the amount of the credit shall be $750. If the proportion of the wage for the new employee is equal to or greater than 200% of the minimum wage, the amount of the credit shall be $1,000.00.
For FAQ's please click here.
For additional information please visit: http://www.nh.gov/revenue
This program is only for manufacturers' companies which manufacture or produce tangible personal property. At least 75% of bond proceeds must be spent on core manufacturing space and equipment. Storage, office and R&D space must be excluded from this calculation. To be cost effective, loans must be between 1.5 and 20 million dollars. The interest rate is about 70% of prime and can be used for the purchase of land, buildings, and capital equipment.
For companies that need credit enhancement, the state offers the Capital Access Program, Working Capital Line of Credit Guarantee, and Guarantee Asset Program.
The state also offers Foreign Buyer Credit, Export-Import Bank of the
Loan Program is designed to work in conjunction with commercial banks to provide 90% long-term, fixed-rate financing for small to medium-sized businesses in owner occupied buildings that provide employment opportunities.
The Procurement Technical Assistance Program (PTAP) is sponsored by the State of New Hampshire Business Resource Center and the Defense Logistics Agency. This national program provides specialized and professional assistance to individuals and businesses seeking to learn about contracting and subcontracting opportunities with Department of Defense (DOD), other federal agencies, or state and local governments.
The New Hampshire International Trade Resource Center (ITRC), managed by the Office of International Commerce, plans, develops, and administers programs for international trade promotion and foreign market development for
The New Hampshire Industrial Research Center (IRC) has a matching grant program whereby
The New Hampshire Small Business Development Center offers free, one-on-one, confidential business counseling, low cost training programs, and access to information and referral. Specialized services include environmental counseling, manufacturing assistance, international trade programs, and innovative economic development initiatives.
The New Hampshire Manufacturing Extension Partnership (MEP) provides low cost consulting services, including lean and agile supply chain management, product development, technology transfer and commercialization; quality management, including compliance with ISO 9000/14000 certification requirements; information technology (IT) management; plant layout, equipment specification, and health, safety, energy and environmental issues.
(603) 271-2591 or 1-800-417-4110.
New Hampshire's state motto, "Live free or die," represents the state's Puritan minded roots that exemplify independence, frugality, and industry. Freedom is the essence of economic independence and New Hampshire is the best state in the U.S. to keep this independence and grow your company. We look forward to your call.