Research, development tax credits vital to NH businesses, Rep. Kuster says
But because the fate of the tax credit is perennially in question, companies like Airmar can’t rely on it, said Kuster, and that uncertainty prevents businesses from investing in research and development, and also keeps them from hiring employees.
By allowing companies to grow through new developments in technology and increases in the manufacturing base, the United States can compete with countries like China. Airmar is currently producing equipment to be used by China’s fishing fleet, bucking the trend by exporting to emerging markets, Boucher said.
Her push for a permanent tax credit is part of an economic agenda called “Make it in America” that Kuster and other members of Congress are promoting. The four key strategies of the agenda are to establish a strategy for increasing manufacturing on a national level, promoting the export of goods made in America, encouraging businesses to bring jobs back from overseas, and training the American workforce to handle the challenges of the high tech world.
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