New Hampshire welcomes manufacturer fleeing Massachusetts: ‘Predictable result’

New Hampshire functionaries are welcoming a manufacturer that s moving to the Granite State from Massachusetts as the Healey admin has convened a council to address the Bay State s sluggish economic competitiveness SynQor a company that builds power converters for the military and other industries has alerted Massachusetts labor and workforce personnel that it will depart its Boxboro headquarters and relocate to the Granite State early next year Executives for the electronics manufacturer have not provided the exact reasons for the move other than telling the state Executive Office of Labor and Workforce Growth that all positions and jobs based in Boxboro will be transferred to a new facility in Salem N H The move is expected to bring about jobs to New Hampshire marking the second Bay State company to relocate to the Granite State this year SynQor is moving its HQ and jobs from Massachusetts to New Hampshire Granite State Gov Kelly Ayotte commented in a social media post on Wednesday As the state for economic freedom we re a beacon of opportunity for companies looking to grow No better place to live work or raise a family than the Granite State Analogic Corp a healthcare care and precaution machinery company publicized in January that it would relocate its Peabody headquarters bringing about jobs to Salem a town of about just over the boundary Salem Town Councilor and New Hampshire state Rep Joe Sweeney is applauding SynQor and Analogic for bringing their companies north moves that he calls a predictable consequence of years of smart agenda disciplined leadership and a clear belief in free-market principles As a Salem Town Councilor and as Deputy Majority Leader in the New Hampshire House I have seen what happens when a state chooses advance instead of ruling body control Sweeney stated in a social media post on Wednesday For more than a decade New Hampshire Republicans have reduced employer taxes cut regulations and created a state where businesses are treated as partners who help drive prosperity This all comes as Massachusetts continues to rank as a bottom- state for economic competitiveness The Tax Foundation a national watchdog group credits the sluggishness to the Bay State s overly burdensome individual income taxes property taxes and UI taxes Gov Maura Healey and Lt Kim Driscoll have convened a Massachusetts Competitiveness Council to develop strategies to strengthen the state s business and economic surroundings The council of more than leaders from business labor research and state cabinet met for the first time on Wednesday Healey created the council in October to advise her administration on policies and initiatives that encouragement businesses grow jobs and ensure Massachusetts remains a leader in innovation talent and quality of life I want Massachusetts firing on all cylinders and winning the best jobs investments startups companies and talent Healey announced in a comment on Wednesday And we know that the ideas don t all come from governing body but from the people on the ground working to innovate and grow businesses every day The Massachusetts High Innovation Council is urging the council to prioritize reviewing state and local tax burdens and incentives or credits for firms that stay and expand in the Bay State while addressing housing transportation and capacity costs It s time to stop treating high taxes and overregulation as immutable High Tech Council President Christopher Anderson revealed in a report If Massachusetts wants to keep and attract the businesses driving innovation expansion and high-paying jobs the time to act is now