State Resources


New Hampshire Business Resources

New Hampshire is the only state in the union that has neither a general sales tax nor an individual income tax. The lack of a strong broad based tax system has caused local taxes to be among the highest in the nation. Despite high local taxes, the overall effect of these policies has been to consistently give the state’s taxpayers one of the lightest tax burdens in the United States.

New Hampshire’s economy was initially based on textiles. This eventually led to an over-reliance on the industry and a long depression once southern producers entered the market with lower costs. Today’s economy is significantly more diversified with manufacturing, tourism, health care and real estate all playing a significant role in the state economy. The manufacturing industry employs roughly 10% of the state’s workforce, led by strong production of computers & electronics.

Business Data

Per Capita Real GDP$37,666 Rank: 17/50 (2006)
Population1,235,790 Rank: 41/50 (2000)
Per Capita Personal Income$39,311 Rank: 7/50 (2006)
Unemployment Rate3.50% Rank: 11/50 (2008)
Business Tax Climate IndexRank: 7/50 (2008)
Corporate Tax Rate8.5%
Individual Tax Rate 5%
Sales Tax Rate 0

Business Tax Climate Index

Individual Income Tax Index Rank9
Sales Tax Index Rank1
Unemployment Insurance Tax Index Rank38
Property Tax Index Rank36
Business Tax Climate Index7
Corporate Tax Index Rank50

State Information

AbbreviationNH
CapitalConcord
Nick NameGranite State
State Web Sitehttp://www.newhampshire.gov
Motto Live free or die

Top 5 Export Partner Countries

Canada, Germany, Netherlands, China, United Kingdom

Top 5 Export Merchandise

Machinery Sales Computers and Electronic Products Sales Machinery Manufacturing Computers and Electronic Products Manufacturing Fabricated Metal Products Manufacturing

Major Cities

Manchester, Nashua

GDP

Total Gross Domestic Product (USD Millions) $57,341.00 (2007)
Per Capita Real GDP (USD)$37,375.00 Rank: 20 (2007)

Population Stats

Population 1,315,809 Rank: 41 (2008)

Age Distribution

Under 18 Population309,562
Under 18 Percent of Total Population25%
65 and older Population147,970
65 and older Percent of Total Population12%

Gender Distribution

Male Population49.2%
Female Population50.8%
Non-English Speaker (at home)83,566
Net International Immigration11,107
Birth Rate11.2%
Percent of People Under Poverty Level7.5%
Rank50

Expenditure

Per Capita State Spending$4,665
Rank41
Energy Expenditures per Person$3,811
Expenditures of State and Local Government Employee-Retirement Systems$363,335

Revenue

Personal Income$37,006
Rank7
State Internal Revenue Collection$9,304,200
Rank39
Cash and Deposits by State Government$175,409
Per Capita State Tax Collection$1,591
Rank48

Education

High School Graduation Rate78.6%
Rank14
Percent of Population with a Bachelor's Degree20.4%
Rank5
Percent of Population with an Advanced Degree11.3%
Rank10

Largest Universities

Dartmouth College Southern New Hampshire University University of New Hampshire, Durham
High School Graduation Rate78.6%

Logistics

Public Road Length (Mile)15,647
Gas Tax Rate (%)19.5%
Highway Planning and Construction (USD Thousands)147,376
Number of Public Airports25

Main Airports

MHT: Portsmouth PSM: Manchester

Ports

Portsmouth

Weather


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State Business Links

Union Leader
http://www.unionleader.com

Secretary of State

New Hampshire Secretary of State
http://www.sos.nh.gov
Small Business filings, corporations, registrations, and more.

Small Business Administration

New Hampshire Small Business Administration
http://www.sba.gov/localresources/district/nh/index.htm
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.

Top 10 Business Links

New Hampshire Business Review
http://www.nhbr.com/
The New Hampshire Business Review, website for the acclaimed newspaper, provides up to date local news, an electronic version of the newspaper, and an archive of past issues.
New Hampshire Small Business Development Center
http://www.nhsbdc.org/
The New Hampshire Small Business Development Center is a program run by the UNH Whittemore School of Business and Economics. The center provides New Hampshire small businesses with advising help, allowing them to compete successfully. The website provides information on business basics, business strategy and growth, and contains a business library.
NH Business Resource Center
http://www.nheconomy.com/
The NH Business Resource Center is a division of the State Economic Development Department. Its main goal is to attract business to New Hampshire, develop and maintain current businesses, and to enhance international trade. The website contains information about the state’s workforce, international trade, a resource network, and business services provided by the state government.
U.S. Commercial Service New Hampshire
http://www.buyusa.gov/newhampshire/
The New Hampshire branch of the Department of Commerce specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided.

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