Business incentives in New Hampshire include a generally favorable tax climate (which includes the absence of sales, personal income, and capital gains taxes), specific tax incentives and exemptions, and relatively low wage rates. The state has offered loan programs through the New Hampshire Business Finance Authority since 1992, aimed at encouraging economic development and job creation and at assisting small businesses. The state also participates in a joint venture with Maine and Vermont which provides loans to export companies. Foreign Trade Zone No. 81 provides economic incentives to companies doing business in the international markets. New Hampshire's Division of Economic Development (DED), within the Department of Resources and Economic Development, has the main responsibility for state support of programs to increase jobs and revenues in the state. In 2003, the main operational units within the DED were focused on assistance for business relocations and expansions; New Economy Ventures (on which New Hampshire was rated by the Milken Institute as ninth among the states); community development; internet development; exports of states products, imports of state products and tourism. Under the program NH Works, employers were offered free assistance on all facets of hiring the right employees.