State Incentive Gives Struggling Businesses And Towns A Leg Up

Kara Oehler / Mapping Main Street

Carolyn Dube of the Merrimack Patch has a story today about two vacant properties in Merrimack that have been designated by the state as Economic Revitalization Zones.

“This is one of few financial incentives we’re allowed to give in New Hampshire,” Community Development Director Tim Thompson told Dube.

It works like this.  First, a town applies for Economic Revitalization Zone designation from the state.  Once the zone is designated as such, businesses who qualify can apply for the tax credit. According to Merrimack Patch’s Carolyn Dube, a qualifying business must “create new jobs in the community and, either make significant repairs or alterations to the property, or to the equipment on the property.”

Read more on the Merrimack Patch.