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Point of View : Why a business should invest in New Hampshire.

Contact :   TEL   847-304-4655

Bruce Donnelly   bruce@gdi-solutions.com    (Biography)

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Introduction

"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)

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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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