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ECONOMY
New Hampshire has gained national recognition for its top ranking in percentage
of high tech employment and its superior business climate for entrepreneurial
ventures. The New Economy in New Hampshire isn't just about high tech
industries; it includes New Hampshire's traditional and low technology
industries that use New Economy principles to compete.
New Hampshire: A Leader in the New Economy
New Hampshire and the New Economy are often one and the same. A few facts
contribute to the continued growth of this entrepreneurial culture in
the state: New Hampshire has the second highest percentage of high tech
employment in the nation, ranks fourth in the U.S. in venture capital
investments as a percentage of gross state product, and occupies the number
nine spot in the latest Miliken Institute's New Economy Index - a key
indicator of future high tech growth. In terms of innovation, New Hampshire
is ranked eighth in patents per worker, sixteenth in r&d per capita,
and has enjoyed an 82 percent increase in r&d spending (1993-97, national
average 28 percent). Over sixteen percent of the employment in the state
is in gazelle firms. Add these New Economy facts to the state's consistently
high quality rankings -three New Hampshire cities listed in Money Magazine's
top ten, and New Hampshire is first in the Northeast in the Morgan Quinto
ranking - and you have the ingredients for the continued growth. New Hampshire
has the innovation, the entrepreneurs and the equity capital to continue
this prominent role in the New Economy.
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