"The New Hampshire Advantage" is an oft-discussed label applied to the state as a means of demonstrating the attractiveness of New Hampshire as a place to live and work. But, since its inception in the 1980's, few people have taken an in-depth look at the factors that comprise the "advantage" and whether those factors have shifted gears over the years.
Londonderry conducted an exhaustive study of the state's assets, and has found how Londonderry and its surrounding communities have become part of the "advantage"... and in a very big way.
Not only is Londonderry a superb place to live, it is also at the heart of the new surge in business and community development in New Hampshire. Londonderry's schools, community activities, affordable housing, "shovel-ready" industrial projects, available space to immediately lease, access to the world through Manchester-Boston Regional Airport, attractiveness to highly-educated and trained workers who choose to settle here, and reasonable cost of living features - all of these, and dozens more, are reasons why you and your company should give Londonderry a good, hard look as a place to live and/or work.
We're launching something new in Londonderry... The "new" New Hampshire Advantage! This time, it offers more value, more options, more places, more smarts, more access, and more lifestyle than ever. One thing for sure is that we offer "less" of some very important matters as well - less overall taxes, less confused government, less traffic and congestion, less smog and lousy living/working conditions, and less interruption to your own pursuit of your own American Dream!
The "new" New Hampshire Advantage... it starts in Londonderry!
Business Tax Load |
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| 0% Professional Services Tax |
Just 8.5% Corporate Income Tax |
| Just 1.5% Insurance Premium Tax |
Regionally Low Worker's Comp Insurance Rates |
| Start-up /2-yr. Business Tax Credit |
Low telecommunications tax |
| NO internet Sales Tax |
NO taxes on business machinery |
| NO professional services tax |
NO top Capital Gains Tax |
| State Government Bond Rating (2008): "AA" |
#16 Ranking as "Best State to Incorporate" |
| #7 National Rank as "Best Tax Climate Index" |
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Personal Tax Load |
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| 0% Personal Income Tax |
0% State Sales Tax |
| 0% Use Tax |
0% Value-Added Tax |
| Just .196-cents Gasoline/Diesel Excise Tax |
Local Property Taxes average of 5.34% from of weighted valuation. |
| NO tax on tangible personal property |
Overall state taxes as a percentage of Personal Income is just: 7.3% |
| Burden of state/local taxes as a % on Income 2008: 7.6% |
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Cost of Doing Business/Infrastructure |
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| Low electric, gas, coal, co-generation costs |
Multiple N/S cargo rail options |
| Deep-water seaport & docks, with direct rail access |
Two international air cargo options servicing millions of pounds/yr. |
| 3 Modern N/S interstate highways - four cross-state highways |
4 Free Trade Zones |
Comprehensive telecommunications/ broadband/cable/fiber optic |
Shovel-ready Industrial Parks/ FAST TRAK Permit Approval Process |
| University of NH "Business Incubator" launching pad |
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Business Leadership |
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| Respected Business & Industry Association of NH |
Multiple N/S cargo rail options |
| New Hampshire Inspired Leadership/Ambassadors program |
Responsible environmental leadership: Stonyfield Yogurt/Timberland |
| Active & large Young Professional Social Networks |
Diversified Venture Capital/Angel Networks/ Commercial lending options |
Workforce & Housing |
|
Highly-skilled, reliable and diversified workforce - craftsmen to technology |
State & federal workforce training facilities |
| Diversity of housing (Avg. valuation of $361,667) |
Workforce housing/lifestyle housing under construction |
| Average Personal Income = $42,447 statewide |
|
Transportation |
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| Multiple passenger/freight rail services |
Two 10,000+ foot runway airports, Class C & Class D |
Southwest, US Air, Delta, United, Continental, & Air Canada service at Manchester-Boston Regional Airport & Pease Tradeport |
UPS, FedX, Wiggins, & Mountain Air cargo service |
| Limo/Bus/Shuttles to Boston airport |
Deep-water port of Portsmouth |
Medical Excellence |
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| #3 Healthiest State in US. |
Medical Excellence from world-renowned teaching/ research hospital. |
Multiple Centers of Excellence in cancer, heart and cardio health, women's health, pediatric surgery, Newborn Intensive Care,high-technology radio-surgery - robotic surgery, senior health and care, and more. |
Over $1.0-billion in hospital modernization projects underway. |
| Cooperative programs with major Boston hospitals. |
Med-flight helicopter service statewide |
Education |
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Continually top ranked Scholastic Aptitude Test (SAT) Scores |
Statewide kindergarten |
| 83 "Charter Schools" |
Home of FIRST Competition - For Inspiration & Recognition of Science & Technology |
| 26 Degree Granting Colleges & Universities |
Active statewide Community College/ Career Training Campuses |
| First GLOBAL MBA Program, statewide MBA Programs |
Franklin Pierce Law School - Intellectual Property excellence |
New nhjobcorps center/nhWorks/ Workforce Opportunity Council |
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Lifestyle |
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| #2 Lowest Crime Rate in Nation |
#2 Quality of Life Child Well-Being 2009 |
| Statewide kindergarten and charter schools |
Convenience to seacoast, mountains, metro-Boston |
| #12 Social Capital ranking in US |
4-Season active lifestyles |
Efficient environmental management of transportation network (Manchester-Boston Regional Airport has never closed) |
79% population Home Ownership 2007 |
State Resources |
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| NH Office of International Trade & Commerce |
Highly-efficient SBA Partnerships |
| Diversified Commercial Banking Options |
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Energy Resources/Telecommunications |
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PSNH/Northeast Utilities/UNITIL/ Granite State Energy offer cost-effective energy management programs. |
Solar, wind, biomass development underway |
| Average Annual Total Home Energy Cost: $223.64 |
Average Internet speed: 615-kbps |
Development Process |
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| FAST TRAK/One-Stop/State-assisted approval processes |
Empowered Community Economic Development Directors |
Comprehensive economic development resources from NH Department of Resources & Economic Development |
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Business Excellence |
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| Holloway Business Excellence Competition |
SNHU |
| Dartmouth |
Plymouth - Center for NH Studies |
Political Environment & Access |
Accessible and responsible local/regional/state governments |
Balanced and reasonable political process within 2nd largest Legislative body in the world! |
Home of the First in the Nation Presidential Preference Primary |
Regional Advantages |
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300+ media articles on business/ workplace lifestyle advantages in NH |
Martindale-Hubbard nationally ranked legal firms |
Regional Brainpower- from technology/ R&D university graduate programs |
45-minute access to Interstate 128/495/ Metro-Boston resources |
State Economy Report Card 2007 |
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| Equity |
"A" |
| Earnings & Job Quality |
"A" |
| Quality of Life |
"A" |
| Resource Efficiency |
"A" |
| Human Resources |
"A" |
| Financial Resources |
"A" |
| Innovation Assets |
"A" |
| Employment |
"B" |