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Press Release

For Immediate Release
June 2, 2014

Communications Office

Governor Hassan, Business Finance Authority Announce "Live Free and Start," a New High Technology Startup Initiative

CONCORD –Governor Maggie Hassan, New Hampshire Business Finance Authority Executive Director Jack Donovan, and Department of Resources and Economic Development (DRED) Commissioner Jeff Rose today announced "Live Free and Start," a new initiative aimed at helping to make it easier for high technology businesses to start up and flourish in New Hampshire.

"New Hampshire has a number of advantages when competing for businesses, including our low-tax environment, a small state government that is responsive to the needs of the business community, and our high quality of life," Governor Hassan said. "But as I meet with business leaders, they tell me that there is more we can do – in particular in improving state technology and regulations – to continue to be a leader in helping high tech businesses start and flourish."

"We want to ensure that we continue to be a modern and attractive place for high tech businesses to start up and grow, and this new initiative will help determine how the state can build on our efforts to attract innovative companies that create good jobs and support a strong middle class," Governor Hassan added.

Businesses have raised concerns that some of the state's business regulations are outdated; that laws and regulations that pertain to financing startup businesses may hinder investment; that certain tax provisions are problematic for startups and fast-growing companies; and that the outdated technology for doing business with New Hampshire state government sends the wrong message to high tech businesses considering where to launch and grow.

The new high tech startup initiative will work with an advisory council to develop proposals for either executive or legislative action in order to make these changes.

"New Hampshire is focused on creating an environment to promote innovation and entrepreneurship," said Commissioner Jeffrey Rose of the Department of Resources and Economic Development. "This initiative will help to harness this energy and be an important conduit for communities, government and business to help high technology take its place in our economy."

Elizabeth Ignacio Gray, who previously served as the Business Services Manager for DRED's Division of Economic Development and as economic development adviser to Governor John Lynch, will lead the new initiative on behalf of the Business Finance Authority.

"We are very pleased to be playing a lead role in this effort," said New Hampshire Business Finance Authority Executive Director Jack Donovan. "Job creation and business growth are at the core of the BFA's mission, and we need to do everything we can to encourage high tech businesses to start and grow in New Hampshire."