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36. New Hampshire

Summary of "New Hampshire Named Among Top States for Business in 2025"

In a recent ranking published by CNBC on July 10, 2025, New Hampshire has emerged as one of the top states for business in the United States, reflecting its strong economic environment, business-friendly policies, and high quality of life. The annual "America's Top States for Business" study evaluates states across a variety of categories, including workforce quality, infrastructure, cost of doing business, economy, quality of life, technology and innovation, business friendliness, education, access to capital, and cost of living. New Hampshire's impressive performance in several of these areas has positioned it as a standout location for companies looking to establish or expand operations.

One of the primary reasons for New Hampshire's high ranking is its robust economy, which has shown resilience and growth even amidst national economic challenges. The state benefits from a diverse economic base that includes sectors such as technology, manufacturing, healthcare, and tourism. The article highlights how New Hampshire has attracted a growing number of tech startups and established firms due to its proximity to major metropolitan areas like Boston, while offering a lower cost of living and doing business compared to neighboring Massachusetts. This balance of accessibility and affordability has made the state a magnet for entrepreneurs and corporations alike.

Workforce quality is another area where New Hampshire excels. The state boasts a highly educated population, with a significant percentage of residents holding college degrees. This is attributed to the presence of reputable institutions such as Dartmouth College and the University of New Hampshire, which not only produce skilled graduates but also foster innovation through research and development initiatives. Additionally, the state has a low unemployment rate, indicating a stable labor market where businesses can find qualified employees. The article notes that New Hampshire's workforce is particularly strong in fields like engineering, software development, and healthcare, aligning with the needs of modern industries.

Infrastructure also plays a critical role in New Hampshire's ranking. While the state is relatively small in terms of land area and population, it has invested in maintaining and upgrading its transportation networks, including highways and public transit systems that connect rural and urban areas. The proximity to major ports and airports in neighboring states further enhances its logistical appeal. However, the article points out that some challenges remain, such as the need for improved broadband access in rural regions to support remote work and digital businesses—a growing necessity in the post-pandemic era.

The cost of doing business in New Hampshire is another factor contributing to its high ranking. The state is known for its favorable tax environment, with no sales tax and no income tax on earned income, which provides significant savings for both businesses and residents. Corporate taxes are also competitive, and the state offers various incentives for companies that create jobs or invest in local communities. This tax structure, combined with relatively low energy costs, makes New Hampshire an attractive destination for businesses seeking to maximize profitability. However, the article cautions that the cost of housing has been rising in certain areas, particularly in southern New Hampshire, where demand has surged due to an influx of residents and businesses relocating from more expensive states.

Quality of life is a standout metric for New Hampshire, often cited as one of the best places to live in the country. The state offers a mix of natural beauty, with the White Mountains and numerous lakes providing recreational opportunities, and a low crime rate that enhances its appeal for families and professionals. The article emphasizes that this high quality of life helps businesses attract and retain talent, as employees value the balance between work and personal well-being. Additionally, New Hampshire's small-town charm combined with access to urban amenities creates a unique environment that appeals to a wide range of demographics.

In terms of business friendliness, New Hampshire scores highly due to its streamlined regulatory processes and supportive government policies. The state has worked to reduce bureaucratic hurdles for startups and small businesses, offering resources such as grants, loans, and mentorship programs through local economic development agencies. The article mentions specific initiatives aimed at fostering entrepreneurship, including tax credits for research and development and partnerships between the state government and private sector to promote innovation.

Technology and innovation are also areas where New Hampshire is making strides. The state has seen growth in its tech sector, with companies focusing on software, cybersecurity, and advanced manufacturing setting up operations. The presence of tech hubs and incubators, particularly in cities like Manchester and Nashua, has helped nurture this growth. The article notes that while New Hampshire may not yet rival larger tech centers like Silicon Valley or Boston, its lower operating costs and access to talent make it a viable alternative for tech firms looking to scale.

Education, another key category in the ranking, is a strength for New Hampshire. The state’s public school system consistently ranks among the best in the nation, and its higher education institutions contribute to a pipeline of skilled workers. This focus on education ensures that businesses have access to a well-prepared workforce, which is critical for long-term growth and competitiveness.

Access to capital, while not as robust as in larger financial centers, has improved in New Hampshire. The state has seen an increase in venture capital investments, particularly in the tech and healthcare sectors. Local banks and credit unions also play a role in providing financing for small and medium-sized enterprises. The article suggests that continued efforts to connect businesses with investors will be crucial for sustaining economic momentum.

Finally, the cost of living in New Hampshire, while higher than the national average in some areas, remains more affordable than in many other Northeastern states. This affordability, combined with the state’s other advantages, makes it an appealing choice for both businesses and individuals. The article concludes by noting that New Hampshire’s rise in the rankings reflects a broader trend of smaller states leveraging their unique strengths to compete with larger economic powerhouses.

In comparison to other states in the ranking, New Hampshire stands out for its balanced approach across multiple categories. While it may not lead in every metric, its consistent performance and lack of significant weaknesses make it a top contender. The article also includes commentary from business leaders and policymakers in New Hampshire, who express optimism about the state’s future as a business destination. They highlight ongoing efforts to address challenges such as housing affordability and rural connectivity, which could further solidify New Hampshire’s position in future rankings.

In summary, CNBC’s 2025 ranking of America’s Top States for Business places New Hampshire among the elite, driven by its strong economy, educated workforce, favorable tax policies, high quality of life, and business-friendly environment. As the state continues to invest in infrastructure, technology, and education, it is well-positioned to attract more businesses and talent in the years ahead. This recognition underscores New Hampshire’s transformation into a competitive player on the national stage, offering a compelling case for why companies should consider it as a base for operations.

Read the Full CNBC Article at:
[ https://www.cnbc.com/2025/07/10/new-hampshire-top-states-for-business-ranking.html ]