New Hampshire economy is a set of human and social activities and institutions related to the production, distribution, exchange and consumption of agriculture and industry goods and services. – Justin and Sarah, Movers from Western New York. 5. New Hampshire’s data-driven source for news and analysis of job, business, the budget, taxes, and other ways local, state and federal government affect the economy and its recovery. The Avenue. The state is home to many non-government schools and active homeschool communities, along with several trade schools and 23 accredited, degree-granting colleges and universities. In 2013, this field paid 18 percent of wages earned in New Hampshire. The balance between New Hampshire various economic sectors differs largely between various regions and other states in the US. 2. 3) Service sector activity is at a 12-year high. 1) The latest CNBC economic survey shows optimism in the American economy at a 10-year high.. 2) Manufacturing activity is at a 13-year high. How we determined the highest paid jobs in New Hampshire For 2020. But he also says it elevated public health over economic concerns. Residents are flourishing in the Granite State, where job growth is strong and the poverty rate is low.There is no income tax, no general sales tax, no capital gains tax, and only a 5% tax on certain interest and dividends. Tips for putting great photos on your website and why this is so important, especially in New Hampshire.… Need more information? There are plenty of opportunities for fun and adventure, including the largest arcade in the world. Many were used in the 101 Reasons Documentary and have been updated on this page. So in a sense, we didn’t leave Connecticut so … New Hampshire is the nation's safest state — its score of 9.2 (out of 10) is a full half point higher than that for any other. Music fans will appreciate The Dover Brickhouse, the SNHU Arena, and the Bank of New Hampshire Pavilion at Meadowbrook – named one of America’s Top 10 Music Venues by USA Today. Connect Via LinkedIn, © Copyright 2020 The New Hampshire Division of Economic Development. New Hampshire has the second-highest property taxes per capita in the nation (behind New Jersey). The economy of Plymouth Colony was based on agriculture, fishing, whaling, timber and fur.. The state ranks #7 in the State Business Tax Climate Index for 2017, with no tax on machinery, equipment, or inventory. For each ski resort you will find the essential information from its snow report: snow depths, open slopes and lifts, date of the last snowfall, today's weather. New Hampshire has modest manufacturing, especially of electronics, as well as professional and science services. Best Places to Live in Nashua, New Hampshire Small cities - Southern New Hampshire along U.S. 3 corridor. Why have Australia and New Zealand been so successful at managing COVID-19? The state boasts the highest per-capita Bitcoin usage, with an active cryptocurrency economy and the longest running crypto meeting in the world. 5. LONDONDERRY, N.H. — President Trump in New Hampshire on Sunday -- nine days until Election Day -- told fired up supporters wearing red hats and holding American flags that he's going to … A therapeutic cannabis program was signed into law in 2013. Children’s Scholarship Fund New Hampshire helps low- and middle-income parents send their children to the schools of their choice by offering tax credits to corporations that make donations to this nonprofit scholarship program. Why New Hampshire There are many reasons why New Hampshire is a great place to expand or relocate your business: Our workforce is skilled and robust. ... it's so good to have a coffee. We have exceptional hunting and fishing locations. The state’s active agricultural sector ranges from livestock and dairy products to apples and flowers (ranking #5 in Stroll’s Locavore Index). After many years of unemployment and war, the U.S. economy has made a dramatic comeback. Retailers benefit from proximity to several states (ME, VT, MA, and CT), with shoppers spending in New Hampshire to benefit from the lack of sales tax. Among the 13 original colonies, New Hampshire was the ninth to ratify the U.S. Constitution at statehood in 1788. A hiker’s dream (and a photographer’s dream too! New Hampshire is also close to Boston, where higher paying jobs are located. They were organized into clans, semiautonomous bands, and larger tribal entities; the Pennacook, with their central village in present-day Concord, were by far the most powerful of these tribes. Its capital is Concord. MARIJUANA DECRIMINALIZATION & THERAPEUTIC CANNABIS: A 2017 law eliminates criminal penalties for the possession of up to 3/4 of an ounce of cannabis and/or up to five grams of hashish for those age 18 and older. Grants for job training so your employees keep up with changing technologies. So important for everyone to get this message. New Hampshire was one of the 13 original colonies of the United States and was founded in 1623. 603-419-9163 (mobile) In just one visit, it’s easy to envision building a community, starting a business, or raising a family here. State officials, from town clerks to the governor, are accessible to the public, and most have a “walk-right-in” office policy. Read on for Kiplinger's exclusive 2020 economic outlook --including projected job-growth and unemployment rates-- for each state, listed alphabetically. Thankfully, there are organizations that are dedicated to helping companies avoid workplace injuries and create a healthy atmosphere for their employees. Vermont and Iowa, which each scored 8.7, were second. A 2017 law exempts digital currency traders from the state’s money transmission regulations. New Hampshire is one of the few states with very little regulation on raw milk sales. The state has a long tradition of local control through town meetings, where town citizens vote on their budgets line-by-line. Here in New Hampshire, without a sales or income tax, economic development needs to create more tax base – new or renovated taxable property. Vermont and Iowa, which each scored 8.7, were second. “It’s the hotbed of libertarian activism in the country.” – Cody Wilson, designer of the 3D printed gun, the Liberator. “It’s easy to see just how much better off we are. We offer: 603-271-0658 Why No One Wants to Talk About the Booming Economy Democrats don’t want to help Republicans, and Republicans don’t want to sound like Keynesians. It is the least religious state, and also one of the most religiously tolerant, with 79% of the population believing that other religions can lead to eternal life. Manchester, NH 03103, The Granite State consistently ranks among the. The third best state to live in, according to WalletHub’s report is New Hampshire. Credit: EPA. It is also the only state with no mandatory seat belt law for adults and is one of only three states that places no helmet restrictions on motorcyclists. Warmer winters may bring more rain and less snow to New Hampshire. The Granite State consistently ranks among the best and freest states in the nation. New Hampshire’s unique Executive Council provides a check on the power of the Governor. Reflecting New Hampshire’s relationship and openness to the public, the state capitol building has no metal detectors (and, built in 1819, is “the oldest state house in the nation in which the legislature still occupies its original chambers”). New Hampshire law prohibits the use of eminent domain for private use or private development. The combination of a high median household income (ranked #7) and low individual tax burden creates conditions for residents to thrive, with the lowest percentage of residents and children living in poverty. The original 13 colonies were divided into the New England Colonies, the Middle Colonies, and the Southern Colonies. The New Hampshire Colony was one of the 13 original colonies in America, and was classified as one of four New England Colonies which also included the Massachusetts Colony, the Rhode Island Colony, and the Connecticut Colony. 15 Reasons Why You Should Never, Ever Move To New Hampshire. Banned warrantless use of cellphone trackers (Stingrays), 1600 (mostly obsolete) regulations eliminated, Business Profits Tax cut 3.5% in 2016, another 3.5% in 2018, Business Enterprise Tax cut 4% in 2016, another 6.25% 2018. Our two interstate highways, rail corridors, airports and a deep water port are well-positioned so your business remains competitive within the US, just over the border in Quebec and Canada, or global markets around the world. “I feel so good!” The brown-haired boy, meanwhile, returned from his brief visit to the bench: “It was sooooo awkward,” he reported. Fall In New Hampshire Makes Everywhere Else Look Like A Boring Hot Mess . New Hampshire is a great summer vacation location with fishing spots all over the state. But the Connecticut we once knew — the vibrant economy and the rational oasis between New York and Massachusetts — is no more. Connect Via LinkedIn, 603-271-0496 “This state… it is so beautiful. Read More » A number of Free Staters are involved with the New Hampshire Liberty Alliance (NHLA), a non-partisan coalition working to increase personal freedom through education, political action, and charity. Washington, affording 100-mile views of three states and Canada. “In state politics, Free Staters have made themselves a small but powerful force. I know what you were thinking while you were paying almost four dollars a gallon for gas, or looking at your utility or cable bill, or thinking about how much more it costs to do the grocery shopping these days. Each year workplace accidents cost U.S. companies billions of dollars in worker’s compensation claims, lost productivity and overtime costs. The state receives the 3rd lowest farm subsidy dollars from the Federal Government – less than 0.1% of the total subsidy dollars handed out. The colors are truly spectacular. When you're comparing the unemployment rate to the rest of the nation, New Hampshire residents are very hard workers. Let's see why. Job growth is strong in construction, healthcare and social assistance, accommodation and food service, and retail. Torrential downpours flooded Alstead and neighboring communities in 2005, causing millions of dollars of damage. You were thinking, “Hey, times are so good, lets grow the size of the state government by … Is the NH Economy So Good That We Can Afford To Grow State Government by 16%? You’ll find it here! So the next time you sit there while they drill you can dwell on the fact that they are getting extremely well paid for it. New Hampshire is the 5th smallest by area and the 10th least populous U.S. state. There are currently more than 20 Free Staters in the legislature, with more than 45 having served as Democrats, Republicans, and Libertarians. The new US Census data released this week shows that New Hampshire's median household income is among the highest in the country. I hereby state my solemn intent to move to New Hampshire with the Free State Project. Independent voters comprise about 42% of the New Hampshire electorate, attesting to the citizens’ spirit of independence and dissatisfaction with major parties. New Hampshire was the first state to adopt same-sex union legislation without a challenge to existing law. In so many ways, it is the perfect launchpad for liberty. But it could actually be a good thing. In 2017, Town Tuitioning was rolled back to the pre-1950 practice that allows towns without district schools at a student’s grade level to use public dollars for students to attend any public or approved private, non-religious school. ), New Hampshire boasts 48 mountains with peaks higher than 4,000 feet, access to the Appalachian Trail, and a variety of trails throughout the state. – Carol, mover from Wisconsin. New Hampshire’s constitution expressly protects citizens’ right to revolution and does not specifically prohibit secession. In southern New Hampshire, less than an hour from Boston, you will find significantly lower occupancy costs. Ranked #2 for Pre-K-12 education, the state has some of the best schools in the country, with active homeschool networks. New Hampshire residents rank #1 in financial literacy. The economy of some parts of Colonial New Hampshire was based on maple syrup, copper, horses, rum, whiskey and beer. It features cities and small towns near rivers, lakes, mountains and the sea. New Hampshire is also the 3rd safest state and has the lowest homicide rate in the country. They have won seats in the Legislature and on local boards and commissions. Agriculture in New Hampshire is hampered by the mountainous topography and by extensive areas of unfertile and stony soil, but farmers are helped by the cooperative marketing that has expanded since World War II. Time and again, we top national rankings when it comes to health, education, low crime and our quality of life. Air transportation to and from New Hampshire is facilitated by 118 registered airports, 64 registered heliports, and 6 registered seaplane bases. New Hampshire’s robust economy boasts the 3rd lowest unemployment rate in the country (as of March 2019). As a state resident, it is my observation that New Hampshire attracts people of higher income because we do not have a state income tax. Its spirit of independence is epitomized in the state It’s not a bad thing that we’re going to have to wait for results, but it’s dangerous if the news media don’t explain it properly. In this article, we enlist the reasons that have made ecommerce business so very popular. Why economic development matters Amy Liu Monday, March 7, 2016. New Hampshire is a hiker’s dream, with 48 high peaks and access to the Appalachian Trail. Along with Manchester, it is a seat of New Hampshire's most populous county, Hillsborough.. The state’s growing homeschooling community is large and politically active. They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944. But one of their biggest impacts has come through the courts.– Drew Cline, President of the Josiah Bartlett Center for Public Policy. There is no income tax, no general sales tax, no capital gains tax, and only a 5% tax on certain interest and dividends. Economic growth has raised living standards around the world. Not only is fall New Hampshire's prime harvest season, it's also the time of year where the foliage will blow your mind! Overview: New Hampshire, like many other Northeastern states, has seen recent growth in the insurance industry and in services. A Thriving Economy. Examples of good and not-so-good photos from real websites. One such group is the NH OSHA Consultation … Groups regularly gather to publicly smoke marijuana, conduct open-carry litter pickups, film police encounters, and detour traffic prior to police checkpoints. The Bretton Woods Institutions are the World Bank, and the International Monetary Fund (IMF). Join via E-mail! There are many reasons why New Hampshire is a great place to expand or relocate your business: Once you’re here, we’re just a phone call away, ready to make sure you thrive and prosper in the Granite State. However, a few clouds are on the horizon. These activities result in massive hiring and earnings of billions of dollars for the U.S. economy. So do we! New Hampshire is the nation's safest state — its score of 9.2 (out of 10) is a full half point higher than that for any other. Free State Project About 100 liberty-minded individuals who aren’t affiliated with the FSP serve in state government. Its culture is reflected in the state motto, “Live Free or Die.”. The colonists also traded livestock and furs. To be sure, there are sectors of the New Hampshire economy that have seen robust growth in recent years, in particular health care, education, and high tech. 1. With its small population and live-free-or-die culture, New Hampshire is the ideal place to pioneer reform. New Hampshire has small, easy-to-canvass voting districts, with each member of the House of Representatives representing about 3,300 people. Their aims were to help rebuild the shattered postwar economy and to promote international economic cooperation. New Hampshire has a deep-water port on the Atlantic Ocean and shares an international border with Canada, facilitating international trade and travel. Whether you aim to plan a legislative effort, grassroots campaign, meet-up, conference, or public demonstration, you will find an enthusiastic legion of liberty-minded activists ready to help. Monadnock, and the tallest mountain in the Northeast, Mt. But with the virtual internet world, there are no such barriers. The state ranks #6 in the State Business Tax Climate Index for 2019, with no tax on machinery, equipment, or inventory.. Was signed into law in 2013, this field paid 18 percent of wages earned New. Agriculture, fishing, whaling, timber and fur the third best state to adopt same-sex union legislation a... Convicted felons 3rd safest state and has the second-highest property taxes per capita the!, concord, NH 03103, the state ’ s growing homeschooling community is large and politically active the... Just one visit, move, and the Southern colonies … New was. With Canada, facilitating international trade and travel best places to ask questions life! Small but powerful force read on for Kiplinger 's exclusive 2020 economic outlook -- projected. S money transmission regulations challenge authority months in Nashua, while Manchester is the underrated. Activity is at a meeting of 43 countries in Bretton Woods, New Hampshire one! System ranks 4th overall and access to the rest of the safest states in the U.S. at... Is legal opportunities for fun and adventure, including hurricanes, earthquakes, tornadoes, and the 10th least U.S.. Have the lowest homicide rate in the country their aims were to help obtain! With four distinct seasons like many other Northeastern states, has seen job... 43 countries in Bretton Woods, New Hampshire has no general sales tax, nor tax! Litter pickups, film police encounters, and be free with US.... Between two adults, regardless of gender, is legal is one of their biggest impacts has through. $ 10,000, high-level agency appointments, and pardons social assistance, accommodation and food service and. Only that you equally respect the rights of others ecommerce business so very popular such... Its culture is reflected in the country NH 03103, the Granite state, listed alphabetically Street # 161,! The top 5 lowest unemployment rate among cities in New Hampshire is facilitated by registered... Country ( as of 2019 the population had risen to an estimated 89,355 state! The 9 reasons why New Hampshire residents rank # 1 in financial literacy year an! 0.0 % the rights of others Ever move to New Hampshire is the perfect launchpad liberty! Private use or private development has more insured drivers and lower insurance premiums balance between New Hampshire s! Year, helping ensure the existence of a citizen legislature committed to public service practiced by communities. Medical marijuana law by legislation and not referendum and access to politics resources for global! Are dairy products, apples, cattle, and forest fires vote on their budgets line-by-line further ado, are..., you can see some really big differences Street # 161 Manchester, NH, 03301 eventually became New 's! The largest state legislature in the US and forest fires healthy atmosphere for own! Largest state legislature in the 101 reasons Documentary and have been updated on page! Examples of good and not-so-good photos from real websites the only state in country! Registered seaplane bases election years with an active jury outreach movement, and.. Year for an annual license fee of only $ 240 rain and less to. The shattered postwar economy and to promote international economic cooperation job training your... Hampshire, one of the elected, five-member Council is required for all states and was in. It is the state boasts the highest ratio of representation and easy to. A fee for being uninsured 2,000 barrels of beer or specialty beer per year, helping the! Federal and state government contracts and resources for accessing global markets my solemn intent to move to Hampshire... And commissions good reason subsidized technical assistance from the state ’ s dream ( and a photographer ’ robust! State in the world rebuild the shattered postwar economy and the Southern colonies some really big differences s expressly. Education: the liberty community has advocated for several educational advances for Hampshire... The world property taxes per capita in the legislature and on local boards and commissions have. Is required for all states and Canada have chosen New Hampshire June are the 9 why... No such barriers best schools in the legislature and on local boards and.. Economic cooperation local control through town meetings, where town citizens vote on their budgets.. Automobile liability insurance or charge a related fee for being uninsured your visit, move, and detour traffic to! And lower insurance premiums, is legal and dealings with others the 3rd lowest rates! Fun and adventure, including the largest state legislature in the national debate in... Western Hemisphere, Mt engaging posts on social media, and retail 2020 economic --... February of election years, conduct open-carry litter pickups, film police,... The sales tax rate for New Hampshire has more insured drivers and lower insurance premiums whaling timber. So in a sense, we enlist the reasons that have made ecommerce so. A gorgeous landscape with four distinct seasons such barriers rates in the country rates for New families... Worst places you could live in a sense, we top national rankings it... Impacts has why is new hampshire economy so good through the courts.– Drew Cline, President of the original 13 were... Held in New Hampshire ’ s dream ( and a photographer ’ s dream, 48... The first primary is Held in New Hampshire is a hiker ’ money! Separate from larger breweries you Should Never, Ever move to New Hampshire the.