New Hampshire's economy thrives on its tax advantages and quality of life, attracting businesses and residents from neighboring Massachusetts.
New Hampshire's economy thrives on its tax advantages and quality of life, attracting businesses and residents from neighboring Massachusetts. The state has no general sales tax and no state income tax on wages, which drives significant cross-border commerce and residential migration. High-tech manufacturing, particularly defense electronics and precision instruments, is a core strength, with BAE Systems and other defense contractors employing thousands in the Nashua-Manchester corridor.
New Hampshire consistently ranks as one of the most economically free states in the country. Its proximity to Boston, combined with lower taxes and costs, makes the southern part of the state particularly attractive for tech companies, professional services firms, and startups.
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