New Hampshire has distinguished itself for being one of the states that does not levy individual income or sales taxes. Its tax policies have attracted both large and small companies looking for an investment friendly atmosphere that will facilitate growth and employment in the state.
Rochester City, situated along the coast of New Hampshire, has emerged one of the state’s fastest-growing cities, drawing companies engaged in high-tech manufacturing, particularly in the advanced composite materials sector.
With a growing population of more than 30,000, the city is stepping up efforts to welcome new investors wanting to take advantage of the city’s world-class infrastructure and highly skilled workforce.
“A big part of our history, as well as our future is manufacturing. Traditionally, our city has been a place for textile manufacturing for 150 years, so moving into composite materials and advanced manufacturing is a natural progression of the city’s strengths,” said Economic Development Manager Karen Pollard.
In line with efforts to attract more investment, Rochester City has also established New England’s first advanced technology and academic center to ensure that the state can provide topnotch workers to companies in the area.
“We have the only advanced composite materials training facility in the region. We have also added textiles and processing to our investment, and this will guarantee that we have a competitive workforce in the next 20 to 30 years,” Pollard said.
Fueled by high liquidity and a more outward-looking business mindset, the U.S. has once again become a highly attractive destination for Japanese capital.
Pollard assures white-glove treatment for any Japanese company that wants to set up shop in Rochester.
“If a company from Japan wanted to locate here, and they want a specific feature, we could work on that. Part of the relationship is listening and responding to their needs and not just telling them this is what we have,” she said.