New Hampshire’s economy has been ranked number one in New England once again, with one of the highest job creation rates in the entire Northeast, according to a new analysis of Bureau of Labor Statistics (BLS) data. The state has seen a three percent increase in payrolls since the start of the COVID-19 pandemic, outpacing its neighboring states. This success has been attributed to the pro-growth policies of Governor Chris Sununu and the state legislature, which have focused on lower taxes, fiscal responsibility, and economic freedom.
New Hampshire has consistently ranked high in various economic categories, including return on investment for taxpayer dollars and economic freedom. The state also boasts one of the lowest unemployment rates in the country at 2.5 percent. The performance gap between New Hampshire and states like Massachusetts has become an issue in the race for Granite State governor, with candidates emphasizing the importance of conservative policies in driving economic success.
Business leaders and industry experts credit the state’s business-friendly environment, with low and stable taxes, as a key factor in attracting and retaining businesses. However, challenges remain, including addressing workforce shortages, lack of housing for workers, and high energy costs. The Business & Industry Association is leading efforts to address these challenges and strengthen New Hampshire’s competitive business climate.
Overall, the success of New Hampshire’s economy has been described as a statewide effort, with public officials working closely with community and business leaders to find solutions and promote growth. By maintaining low tax rates and fostering a business-friendly environment, the state has been able to attract investment, growth, and startups, resulting in positive economic outcomes.
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Photo credit nhjournal.com
