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Quebec Companies Learn About Benefits of Business Expansion to New Hampshire

New Hampshire Economic Development at Montreal, 10/4/2016

The New Hampshire Division of Economic Development hosted more than two dozen representatives of Quebec-based businesses lastTuesday evening for a presentation in Montreal about the advantages of expanding their operations to the Granite State.

The dinner marked the first time in over four years the division has had funding to conduct a business recruitment event. In all, 27 executives from 19 companies representing aerospace and defense, transportation, IT, and other advanced manufacturing operations, attended.

“Quebec has always played a key role in New Hampshire’s economy, from our historic mills to our North Country,” said Jeffrey Rose, commissioner of the Department of Resources and Economic Development. “The benefits for Canadian companies, especially manufacturers, to consider expansion to New Hampshire are significant. From our shared border, business friendly climate and skilled workforce, the Granite State is a very favorable location.”

The presentation, conducted primarily in French by business resource specialist Beno Lamontagne, included testimonials by Marie-Josee Vaillant, president of KHEOPS International in Colebrook, and Benoit Frappier, president of Ben-Mor in Hinsdale, who have expanded their Quebec-based businesses to New Hampshire in recent years.

As a result of the presentation, two companies plan to visit northern New Hampshire in the near future to learn more.

“Business recruitment efforts play an important role in economic development,” Rose said. “Companies expanding or relocating to the state create – jobs, complement existing manufacturers who need their suppliers nearby and diversify our economy. We’re pleased that our budget now includes funding to conduct this kind of activity outside of New Hampshire.”

The state’s lack of sales, income, use, estate, inventory and capital gains taxes; examples of available commercial and industrial real estate and quality of life were highlighted during the presentation.

The Division of Economic Development, part of the New Hampshire Department for Resources and Economic Development, is the single point of contact for New Hampshire businesses needing assistance and resources to grow and thrive, as well as for out-of-state companies looking to expand or relocate in the state. For more information, visit nheconomy.com.

Lorna Colquhoun
Communications Director
Division of Economic Development

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