New Hampshire

Quick Facts

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New Hampshire Governor Maggie Hassan

 

  • Capital: Concord
  • Population (2012 Est.): 1,320,718
  • Largest Cities (2012): Manchester, 110,209; Nashua, 86,933; Concord, 42,630; Dover, 30,220
  • Targeted Industries: Medical Device Manufacturing, Food Distribution, Aerospace & Defense, General Logistics, Financial Services
  • GDP (All Industry 2012): $64.6 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

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Incentives

New Hampshire Procurement Technical Assistance Program (NH-PTAP): A cooperative program of the State of New Hampshire Business Resource Center and the US Department of Defense, Defense Logistics Agency. It provides specialized and professional assistance to businesses seeking assistance with contracting and subcontracting opportunities with the Department of Defense (DOD), other federal agencies or state and local governments.

New Hampshire Office of International Commerce: Plans, develops and administers programs for international trade promotion and foreign market development for New Hampshire companies. The center also works closely with the U.S. Department of Commerce, the U.S. Export-Import Bank, the U.S. Small Business Administration, the NH Small Business Development Center, the U.S. Agency for International Development, and the New Hampshire International Trade Association.

FINANCING

Community Development Block Grant (CDBG): This assistance can be in the form of a grant to the municipality for the 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 have a 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.

Industrial Revenue Bonds: This program is for manufacturers only—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 range 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.

TAX INCENTIVES

Economic Revitalization Zone Tax Credits (ERZ): Short term, tax credits against the business profits and enterprise taxes. To qualify, the location must meet certain demographic criteria, or be located in an unused or under utilized industrial park, or vacant land, or structures previously used for industrial, commercial, or retail purposes but currently not so used, or Brownfield site. The maximum credit over five years is $200,000, capped at $40,000 per year.

R&D Tax Credit: Small and large businesses can apply for tax credit on new research and development costs. The state has set aside $1million a year to fund the credit, which is capped at $50,000 for any business that qualifies. This credit may be carried forward for up to five years.

Coos County Job Creation Tax Credit: A tax credit to businesses hiring new employees in COOS County and paying wages equal to or above 200% of minimum wage ($7.25 per hour). The credit is $1,000 for any new, full-time, year-round jobs applied to the Business Enterprise Tax, but any unused portion of the credit can be applied to the Business Profits Tax. All new jobs created after the bill’s effective dates are eligible for the credit and there is no cap on the amount of jobs created. The carry forward is five years.

NH-CDFA Tax Credits: The New Hampshire Community Development Finance Authority (CDFA) awards up to $5 million a year in New Hampshire Tax Credits to nonprofit organizations. These organizations then sell the Tax Credits to New Hampshire businesses as a way to raise needed capital for community projects around the state. In exchange for the contribution, a company can take 75% of the donation as a tax credit on their BET, BPT, or Insurance Premium Tax.

WORKFORCE DEVELOPMENT

Job Training Grant Program: is a 50/50 cash match for customized training. There is a $100,000 cap on the training amount. Each application is reviewed on a case-by-case basis with an emphasis on improving the skills of current or new employees.

New Hampshire On-The-Job-Training (OJT) Program: Offers assistance for those unemployed in New Hampshire long term (at least 18 weeks). The state will pay a company up to 90% of the training wages up to six months, depending on the size of the company and complexity of the training.

  • 1-50 employees = up to 90% of wage rate
  • 51–250 employees = up to 75% of wage rate
  • 251 or more employees = up to 50% of wage rate

New Hampshire Return to Work Program: Allows unemployment claimants to continue to receive their unemployment benefits while receiving up to six weeks of on site training at a business who has the option to hire them long term. This program will provide the opportunity for your business to verify that the applicant is a good fit for the job and the company, as well as an opportunity for the applicant to verify it is a good fit for them and to show your business what they can do. Workers’ Compensation coverage is provided by the state through the duration of the program.

City of Rochester Economic Development

Karen Pollard, CEcD, EDP
Deputy City Manager/Director of Community Development
31 Wakefield Street
Rochester, NH 03867
603-335-7522
fax: 603-335-7597
[email protected]
www.thinkrochester.biz

Fantastic business locations are available in Rochester, New Hampshire! Our vital and growing city is a magnet for a talented and educated workforce, and we are seeking expandable businesses. Call today for a confidential appointment.

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State Listings

  • Capital Region Development Council

    Stephen A. Heavener, CEcD, EDFP
    Executive Director
    91 North State Street, Suite 101, P.O. Box 664
    Concord, NH 03302
    P: 603-228-1872
    [email protected]
    www.crdc-nh.com
  • New Hampshire Division of Economic Development

    Cynthia Harrington
    State Business Recruiter
    172 Pembroke Road, P.O. Box 1856
    Concord, NH 03302
    P: 603-271-2591
    [email protected]
    www.nheconomy.com
  • Pease Development Authority

    David Mullen
    Deputy Director
    55 International Drive
    Portsmouth, NH 03801
    P: 603-433-6088
    [email protected]
    www.peasedev.org

Utility Listings

  • Public Service New Hampshire

    Patrick McDermott
    Economic & Community Development Manager
    P.O. Box 130
    Manchester, NH 03105
    P: 603-634-2386
    [email protected]
    www.prospernh.com

Regional Listings

  • Monadnock Economic Development Corporation (MEDC)

    John G. Dugan
    President
    51 Railroad Street, Suite 101
    Keene, NH 03431
    P: 603-352-4939
    [email protected]
    www.monadnock-development.org
  • New Hampshire Division of Economic Development

    Cynthia Harrington
    State Business Recruiter
    172 Pembroke Road, P.O. Box 1856
    Concord, NH 03302
    P: 603-271-2591, ext. 114
    [email protected]
    www.nheconomy.com
  • Northern Community Investment Corporation

    Cathy Furtek Conway, PE
    VP, Economic Development
    1 Middle Street
    Lancaster, NH 03584
    P: 603-788-2700, ext. 2141
    [email protected]
    www.ncic.org
  • Southwest Region Planning Commission

    Tim Murphy
    Executive Director
    37 Ashuelot Street
    Keene, NH 03431
    P: 603-357-0557
    [email protected]
    www.swrpc.org
  • Strafford Economic Development Corporation of New Hampshire (SEDC)

    Dennis H. McCann
    Executive Director
    100 Main Street, Suite 101
    Dover, NH 03820
    P: 603-749-2211
    [email protected]
    www.sedcnh.org
  • Team New England

    David C. Driver
    Managing Director – Regional Development
    107 Selden Street
    Berlin, CT 06037
    P: 860-665-6312
    [email protected]
    www.teamnewengland.com
  • Tri-County Community Action Programs


    CEO
    30 Exchange Street
    Berlin, NH 03570
    P: 603-752-5003
    [email protected]
    www.tccap.org

County Listings

  • Belknap County Economic Development Council

    Carmen Lorentz
    Executive Director
    388 South Main Street
    Laconia, NH 03246
    P: 603-524-3057
    carmen@belknape[email protected]
    www.bcedc.org
  • Grafton County Economic Development Council

    Mark Scarano
    Executive Director
    P.O. Box 178
    Plymouth, NH 03264
    P: 603-536-2011, ext. 10
    [email protected]
    www.graftoncountyedc.org

City Listings

  • City of Concord Development

    Carlos P. Baia
    Deputy City Manager, Development
    41 Green Street
    Concord, NH 03301
    P: 603-225-8595
    [email protected]
    www.onconcord.com
  • City of Dover Department of Economic Development

    Mike Joyal
    City Manager
    288 Central Avenue
    Dover, NH 03820
    P: 603-743-6043
    [email protected]
    www.ci.dover.nh.us
  • City Of Lebanon

    Andrew L. Gast-Bray
    Director of Planning & Zoning
    51 North Park Street
    Lebanon, NH 03766
    P: 603-448-1457
    [email protected]
    www.lebcity.com
  • City of Manchester Economic Development Office

    Chris Wellington
    Marketing & Retention Specialist
    One City Hall Plaza
    Manchester, NH 03101
    P: 603-624-6505
    [email protected]
    www.yourmanchesternh.com
  • City of Nashua Office of Economic Development

    Tom Galligani
    Economic Development Director
    229 Main Street, P.O. Box 2019
    Nashua, NH 03061-2019
    P: 603-589-3260
    [email protected]
    www.gonashua.com
  • City of Portsmouth Economic Development

    Nancy M. Carmer
    Economic Development Program Manager
    1 Junkins Avenue
    Portsmouth, NH 03801
    P: 603-610-7220
    [email protected]
    www.cityofportsmouth.com/economic/index.htm
  • City of Rochester Economic Development

    Karen Pollard, CEcD, EDP
    Deputy City Manager/Director of Community Development
    31 Wakefield Street
    Rochester, NH 03867
    P: 603-335-7522
    [email protected]
    www.thinkrochester.biz
  • City of Somersworth

    Christine Soutter
    Economic Development Manager
    One Government Way
    Somersworth, NH 03878
    P: 603-692-9516
    [email protected]
    www.somersworth.com
  • Claremont Development Authority

    Nancy Merrill
    Planning & Development Director
    14 North Street
    Claremont, NH 03743
    P: 603-542-7008, ext. 0342
    [email protected]
    www.claremontnh.com
  • Economic Development Corporation of Newport (ECON)

    Paul J. Brown
    Interim Town Manager
    15 Sunapee Street
    Newport, NH 03773
    P: 603-863-1877
    [email protected]
    www.newportnh.net
  • Franklin Business & Industrial Development Corporation

    James Aberg
    Executive Director
    Franklin Proulx Center, P.O. Box 174
    Franklin, NH 03235
    P: 603-455-6662
    [email protected]
    www.franklinnh.org
  • Manchester Economic Development Office (MEDO)

    William Craig
    Director
    One City Hall Plaza
    Manchester, NH 03101
    P: 603-624-6505
    [email protected]
    www.yourmanchesternh.com
  • Town of Bow Economic Development

    Bill Klubben
    Community Development Director
    10 Grandview Road
    Bow, NH 03304
    P: 603-228-1187, ext. 110
    [email protected]
    www.bow-nh.com/pages/bownh_econdev/index
  • Town of Goffstown Economic Development

    Derek Horne
    Economic Development Coordinator
    Goffstown Town Hall, 16 Main Street
    Goffstown, NH 03045
    P: 603-497-8990, ext. 119
    [email protected]
    www.goffstown.com
  • Town of Hooksett Economic Development

    Dean E. Shankle, Jr., Ph.D.
    Town Administrator
    35 Main Street
    Hooksett, NH 03106
    P: 603-485-8472
    [email protected]
    www.hooksett.org
  • Town of Lancaster

    Ed Samson
    Town Manager
    25 Main Street
    Lancaster, NH 03584
    P: 603-788-3391
    [email protected]
    www.lancasternh.org