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Archive for June, 2016

Two New Hampshire Business Taxes Get a Reduction

Friday, June 24th, 2016

Scribe Software, a company founded in New Hampshire  in 1995, was the backdrop this week for the ceremonial signing by Gov. Hassan of two bills reducing taxes for Granite State businesses.

Senate Bill 239, relative to application of the Internal Revenue Code to provisions of the business profits tax, and Senate Bill 342, relative to the sale or exchange of an interest in a business organization under the business profits tax go into effect for the 2017 tax year.

“By simplifying the tax filing process, reducing taxes for New Hampshire businesses, and making it easier for companies to attract capital investments and invest in new equipment, these bipartisan bills will build on those efforts, and I am proud to have signed them into law to reduce taxes for businesses in the Granite State, helping to reaffirm that New Hampshire is a great place for business and our status among the best business tax climates in the country,” Hassan said.

Senate Bill 239 simplifies the tax-filing process for New Hampshire businesses by adopting the most updated federal Internal Revenue Code for the application of the state business profits tax, as well as increases expensing deductions for purchases such as equipment from $25,000 to $100,000. Senate Bill 342 addresses the so-called phantom tax, a measure that the State began working on last year to support growing businesses by changing a unique provision of New Hampshire’s tax code, which will help encourage capital investment and give businesses more flexibility.


Gov. Hassan with Scribe Software team following the signing of two business tax reduction bills.

“Scribe is honored that the Governor’s office chose Scribe Software’s headquarters as a venue to promote new innovation and business growth in New Hampshire,” said Scribe Software CEO Shawn McGowan. “We appreciate these efforts to make New Hampshire an even better place for innovative businesses to start, grow and succeed.”

For more information about New Hampshire’s business-friendly climate, including a comprehensive state-to-state comparison, visit www.nheconomy.com/why-new-hampshire/


Healthy Business Connections Made at Medical Design & Manufacturing East for NH Economic Development and Manufacturers

Friday, June 17th, 2016

The annual Medical Design & Manufacturing East expo is over for another year and our business development team is back from New York City, pronouncing it a great success.

Over 13,000 people attended and for whatever reason, our booth was draw, not only for people to talk about the state’s business friendly climate and its growing life sciences industry, but for those who related memories of their visits to New Hampshire. We look forward to being in touch again with the many contacts we made there.

We were by no means the only New Hampshire presence at the trade show … check out the quick video for a look at some of the state’s premier companies in this fast growing industry.


Lorna Colquhoun
Communications Director
Division of Economic Development

Business Development Team Touts New Hampshire’s Life Sciences Industry at Medical Design & Manufacturing East

Tuesday, June 14th, 2016

New Hampshire front and center at the MD&M East trade show in New York City.

The annual Medical Design & Manufacturing East (MD&M East) expo opened a few minutes ago at the Jacob K. Javits Convention Center in New York City and for the first of the expected 11,000 people expected to visit the trade show over the next two days, this banner greeted them.

New Hampshire. A Healthy Place to Grow Your Business.

Life sciences, including medical device manufacturing and a range of other capabilities, is one of our key industries.



Cindy Harrington                  Michael Bergeron

In 2015, there were 6,992 jobs in 272 establishments here in this state, in this sector; 15 percent above the national average. Between now and 2020, New Hampshire is projected to see about 8 percent growth, compared to 6.2 percent nationwide.

New Hampshire has a lot to offer companies in the business of life sciences, so our business development team – Cindy Harrington and Michael Bergeron – is at MD&M East to tell people about it and our business friendly climate.

If you are attending, drop by Booth 757 and visit with them.


Lorna Colquhoun
Communications Director
Division of Economic Development


New Hampshire Aero/Defense Businesses Soar at Annual Conference

Tuesday, June 7th, 2016

The second annual New Hampshire Aerospace and Defense Conference is in the books. It will go down as a very successful gathering of aero/defense companies excited about these fast growing industries in the Granite State.

If you weren’t there (What? Why not?), we’ve got a virtual review for you.

Thanks to all those who came out and made it a success.

Lorna Colquhoun
Communications Director
Division of Economic Development