The Hooksett Economic Development Advisory Committee (EDAC) is taking proactive steps to influence local economic growth by discussing potential recommendations for the town council. During their recent meeting on August 20, 2025, committee members explored the jurisdiction of EDAC in identifying properties that could benefit from economic development initiatives.
A key topic of discussion was the potential for designating certain areas as Economic Revitalization Zones (ERZ). Members expressed interest in recommending specific properties for inclusion in this program, which could provide financial incentives for development. The committee acknowledged that they have the authority to propose these recommendations to the town council, emphasizing the importance of their role in shaping local economic policy.
The conversation also touched on the need to review existing criteria for economic development programs. Members debated whether to maintain the current guidelines or suggest improvements, particularly regarding the duration of incentives. The committee is aware that timely action is crucial, as some existing programs are set to expire soon, and any recommendations must be made before the town council's upcoming deadlines.
Overall, the EDAC is positioning itself as a vital player in Hooksett's economic landscape, aiming to enhance local development opportunities and ensure that the town remains competitive. The committee's next steps will involve finalizing their recommendations and presenting them to the town council, with the goal of fostering a more vibrant economic environment in Hooksett.