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New Hampshire Econcomy

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Submitted By jdevine14
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New Hampshire had one of the largest increases in ranking from 2003 to 2010 according to the Small Business Survival Index. In 2003 New Hampshire was ranked number 4 and in 2010 it dropped 19 spots to 23.
Looking at the information to being with you would think New Hampshire wouldn’t have much of a change. We would appear to be very business friendly. We have no income tax, no capital gains tax, we have a low crime rate which adds to a good quality of life.
After reviewing the data that was collected for these two time frames, New Hampshire didn’t change too many of the categories that were represented. I did notice an increase in the state property tax between these two time frames. The state has one of the highest corporate tax rates in the nation, which I think hurts New Hampshire in this global economy
In looking at everything it doesn’t appear that New Hampshire has changed many things from 2003 to 2010. Most of the states had lower property taxes unlike New Hampshire that had an increase. I also think that one of the major things hurting New Hampshire is the cost of Health Insurance in our state. The cost of health insurance in New Hampshire is over $8000 per person compared to $6000 in the lowest ranking states. I also found according to a University of Connecticut study New Hampshire has one of the highest cost of manufacturing in the nation. Electricity costs in the state are also high, as they are in all of New England. According to data from the U.S. Energy Information Administration, in June 2010, the retail price of electricity in New Hampshire averaged 14.63 cents per kilowatt-hour - nearly on par with the New England average of 14.93 cents, making the region the most expensive in the contiguous United States. In Southern and Midwestern states, electricity costs hover between 7 cents and 9 cents per KwH.
So what changed? I think the other states

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