POPULATION: 1,235,786 (2009)
LABOR FORCE: 744,890
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Industrial and commercial machinery, electronic and electrical equipment, fabricated metal products, subcontracting manufacturing
EXPANDING INDUSTRIES: Computer support, health services, business services, educational services, electronics, engineering, business services, biotechnology, medical device manufacturing, financial and insurance
COLLEGE GRADUATES: (Age 25 and over) N/A
BASIC BUSINESS TAXES:
Corporate Income Tax: 8.5 percent of net business profits allocable to the state; no personal income tax
Incorporation Fees: $35 recording fee for articles of incorporation; fee for filing articles of incorporation is based on the authorized capital stock of the corporation; $50 fee for addendum to articles of incorporation
Sales and Use Tax: None
Local Property Tax: Based on assessed valuation, and assessed, levied, and collected by municipalities; no property tax on inventory, machinery, or equipment
State Education Tax: $3.33 per $1,000 of total equalized valuation assessed on property owners and collected by municipalities (2005)
Telecommunications Tax: 7 percent
Machinery Tax: None
Inventory Tax: None
Real Estate Transfer Tax: 0.75 percent per $100 of price
Rooms & Meals Tax: 8 percent
Business Enterprise Tax: 0.75 percent on the enterprise value tax base; this is a dollar-for-dollar credit against business profits
Capital Gains Tax: None
BUSINESS INCENTIVES:
New Hampshire Economic Development Data System (computerized site-selection services)
Community development block grants
New Hampshire Small Business Development Center
New Hampshire Business Finance Authority
Export financing
Industrial development bonds
Loan guaranty programs
Venture Capital Network, Inc.
Foreign-trade zone
Small Business Investment Company (venture capital funding)
Economic Revitalization Zone Tax Credits
Job grants for northern N.H.
Job creation tax credits for northern N.H.
Low-interest loans for real estate investments
Low-interest loans for energy-efficient machinery
Job Training Program
R&D Tax Credit Program
Intellectual Property Finance Program
