Issue link: https://nebusinessmedia.uberflip.com/i/812736
162 NE W HAMPSHIRE: First in the Nation • Profiles in Excellence N ew Hampshire is the home of some of the most influential international corporations in the country – multi- billion-dollar companies that have discovered the advantages of putting down roots in our state. ey join thousands of small businesses, many of them now in the hands of second and third generation families that are the backbone of our vibrant economy. Our outstanding tax benefits – no broad-based personal income tax, no sales tax, no use tax, no inventory tax and no professional service tax – only hint at why companies expand here and prosper. Companies across many sectors find highly-educated, highly qualified employees that they are retaining, due to New Hampshire's unequaled quality of life. We pride ourselves on creating a business-friendly climate and it shows in the success of our businesses. Beyond New Hampshire's breathtaking scenery, our most valuable resource is our people and their ingenuity. So it should come as no surprise that our natural and economic treasures are overseen by a single entity: e Department of Resources and Economic Development. Comprised of four divisions – Economic Development, Forest and Lands, Parks and Recreation, and Travel and Tourism Development – the agency serves as the guardian of all things that make New Hampshire's natural resources, communities and business climate so desirable. As the single point of contact for companies looking to expand or relocate to New Hampshire, the agency prides itself on its ability to pave the way for success. Our team provides personalized services to assist businesses considering new opportunities in the Granite State. We have an agile state government and work cooperatively to make sure you get the information you need. With a robust technology and innovation sector, Department of Resources & Economic Development To meet the demand of its commercial engines business, GE Aviation is investing in a $50 million expansion at its facility in Hooksett. The 55,000-square-foot addition and new equipment increases the capacity of its manufacturing of rotating parts for military and commercial jet engines. Every day we strive to make New Hampshire businesses successful – and our track record is rock-solid.