[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6482196,"mediaKeyId","5610221-458bde21dd45407f30caf4feac621a45","parentId",5610221,"title","EDAC recommends town council extend and expand commercial/industrial tax exemption as Marmon weighs Hooksett expansion","audioSeconds",886,"startMs",5076000,"endMs",5962000,"viewUrl","/Search/View?dp=1&key=5610221-458bde21dd45407f30caf4feac621a45&start=5076&end=5962","thumbnailUrl","https://assets.pipeline.soar.com/5610221-458bde21dd45407f30caf4feac621a45/thumbnail_5076000.jpg","articleUrl","/articles/6482196/Hooksett/Merrimack-County/New-Hampshire/EDAC-recommends-town-council-extend-and-expand-commercialindustrial-tax-exemption-as-Marmon-weighs-Hooksett-expansion","mediaUrl","https://secure.pipeline.soar.com/6482196-61fbef48df0b64feb839502f0f4ee492/orig.mp4?Expires=1770434662&Signature=gUwJJsXE~ms5LzLEMOtVrv0nSqDQTbzWpQ1dwxaiYoXA4wYeoJiSQyisquHz6Riz4-KzNzTG0TqTOdzLIZlBygHmlp7kXz~fSG8~PNWVEXNky~T8R5090t5~0OzsfaozFYbeApaKMCjYNgTKSO0s3MvotRFe1X3zEKA4O9eQ4QY4p6c-O93Xt-h2evs4jn1e7RoZTMAdlxi02QgFc0Mwc0DsZ-31BcRGCbDirXO7Fl3HhooSpIcDyzeWRsT-FPqpUdoFvKqciXW9YUHMJbfLvG7zk1NedmAOSJv3r078-e9T5o5RlQ9Y19Kp8OvwalJF7-VWrK5o0eBlB4cbOc6qXQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Hooksett","date","2025-08-20T00:00:00Z","article","The Hooksett Economic Development Advisory Committee voted to recommend that the Town Council revisit the local commercial/industrial tax exemption under RSA 72:80 and consider increasing the town’s authorization from the current baseline. EDAC’s motion asked the council to consider increasing the maximum term from five years to seven years and to raise the cap on the local percentage to at least 30 percent; the motion passed on a voice vote.

Why it matters: EDAC members said the measure is intended to help Hooksett compete for a substantial industrial expansion — committee members discussed contact from Marmon, which told staff it was considering Hooksett and other locations. Members argued that enhancing the local exemption ceiling would give the council tools to negotiate with large prospective employers and that any award remains at the council’s discretion and would be decided on a case‑by‑case basis.

What the committee voted on: an EDAC motion (moved and seconded during the meeting) recommended that the Town Council extend the current RSA 72:80 authorization and consider increasing the allowable exemption period up to seven years and increasing the cap, with EDAC suggesting at least 30 percent as a target for the council to consider. After discussion the committee voted in favor.

The committee and staff discussed timing: the existing local adoption of the program dates from 2021 and members noted that council action before the end of the year would preserve the town’s ability to make timely offers to companies that need to apply before starting construction. Grant (economic development staff) told the committee that Marmon and staff have been in contact and that council action would affect Marmon’s timeline for a firm commitment.

EDAC members emphasized that an increase in the town’s maximum would not automatically grant the exemption to any project. One member noted that the council maintains discretion and that each application must be filed before construction begins. The group asked staff to draft a recommendation for the council and to provide the list of currently designated properties that are eligible under the current program so the council and boards can evaluate whether additional properties should be included.

Action recorded: EDAC approved the recommendation to the Town Council by voice vote during the meeting.","mediaType","Video","parentTitle","Hooksett - Economic Development Advisory Committee","oneSentenceSummary","The Hooksett Economic Development Advisory Committee voted to recommend that the town council extend and broaden its RSA 72:80 commercial/industrial tax‑exemption limits (EDAC recommended up to seven years and a 30% cap) and to consider adding eligible properties, citing interest from manufacturer Marmon.","taxTitle","Hooksett, Merrimack County , New Hampshire","taxId",68560,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6482201,"Hooksett EDAC outlines business outreach for Exit 10 TIF and sewer extension",360,3123000,3483000,"/Search/View?dp=1&key=5610221-458bde21dd45407f30caf4feac621a45&start=3123&end=3483","https://assets.pipeline.soar.com/5610221-458bde21dd45407f30caf4feac621a45/thumbnail_3123000.jpg","/articles/6482201/Hooksett/Merrimack-County/New-Hampshire/Hooksett-EDAC-outlines-business-outreach-for-Exit-10-TIF-and-sewer-extension","https://secure.pipeline.soar.com/6482201-cf9fd19e6b161fff63ce050a02cfed94/orig.mp4?Expires=1770434662&Signature=foeQZxVJjYpqWosi6mx7waI~LPqviGB4jpYAT4mbb6t1pqcxR~bkq37vLIeLIimkv107JIZq7~jI6DEEgpP6jPIHr4m0pfRUzkFT63Tw-gDj~~dinmaaDm7uKmo3iXwTly9459wXQM3jRjunasW1oseuL~uyH2eJfyfas5hffHVwiy5yrnIlJMGTaCPDVqWMV5IOE2T3ImS8IHe3gJEHIDAxYzLYO2CxzNanObwqaILQS4pJ9IIRiXQcjsY~7~eGj2Ji3V13klZcu4BgwdKECcqnykmSW~FKrMWIdzJb0Vm3fawsK~7WetAaRnG4En3OZ-D4edv1HEoYl~4ZY5193A__&Key-Pair-Id=KUT5TJCACFTXG","At its meeting, the Hooksett Economic Development Advisory Committee reviewed phases of the town’s Tax Increment Financing (TIF) plan for the Exit 10 area and discussed outreach to businesses that would benefit from sewer and water infrastructure improvements.

Grant (economic development staff) and other members summarized the TIF district’s fiscal picture: the committee cited about $206 million in baseline assessed value within the district and described roughly $36 million in increased assessed value since earlier investments. EDAC members said that captured increment revenue from past improvements — discussed in the meeting as roughly $624,000 in increment receipts in one example — has been leveraged previously toward capital projects such as pump station upgrades.

Why it matters: committee members said public infrastructure (gravity sewer, river crossings, pump station upgrades) is necessary for some business expansions around Exit 10, and getting a handful of major property owners on board could accelerate private investment and strengthen voter support for bonding to fund remaining phases.

EDAC discussed two outreach tracks. One track is direct private outreach to large property owners and managers (for example, chains or developers) to explain immediate financial advantages: avoided future septic replacement costs, the possibility of federal bonus depreciation for business investments, and faster return on investment if businesses invest now. The second track is public education explaining the TIF mechanics — that the general fund continues to receive baseline tax revenue while captured increment funds the TIF bond — and describing project phases so voters understand infrastructure benefits.

Committee members recommended compiling a list of properties in the district; staff agreed to check building records for septic system ages and recent maintenance costs to better target conversations. Members said connecting property owners with local lenders and showing specific maintenance savings would make outreach more persuasive. EDAC also asked staff to prepare maps, a one‑page fact sheet about phases and benefits, and a suggested list of priority businesses to contact.

EDAC members said experience from earlier local projects (examples cited included prior sewer extensions and private participation) demonstrates that early buy‑in from major local businesses can be decisive. The committee did not take a formal vote on bonding or TIF amendments but set outreach tasks for staff and volunteer members.

\"If we can get a couple of these people together ... I think that the residents will get behind it,\" one member said when discussing business engagement and voter confidence.

EDAC assigned staff to produce the property list, septic‑age checks from building files, and a public‑facing slide deck for the next meeting and for use in public information sessions.","EDAC reviewed the TIF district work at Exit 10, discussed sewer and water infrastructure phases, and planned targeted outreach to property owners and businesses to encourage private investment and voter support for future bonding.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6482206,"Hooksett EDAC discusses village 'heritage neighborhood' and 79‑E tax exemption outreach",1837,763000,2600000,"/Search/View?dp=1&key=5610221-458bde21dd45407f30caf4feac621a45&start=763&end=2600","https://assets.pipeline.soar.com/5610221-458bde21dd45407f30caf4feac621a45/thumbnail_763000.jpg","/articles/6482206/Hooksett/Merrimack-County/New-Hampshire/Hooksett-EDAC-discusses-village-heritage-neighborhood-and-79E-tax-exemption-outreach","https://secure.pipeline.soar.com/6482206-d46b9caa68d4389064b1ed48da046031/orig.mp4?Expires=1770434662&Signature=IUqWr0rV~guOWdIDBXXG39YtUwHHELMtpiNhiSMYprSZ3FDVZvyMZJgSGTcRzcDqeL3VTyzTQYbwITR39D4Xqaq6ZukANOMroUEQHr76NOLJ9NcaXJEv~DWitPHcOzFBuWukabEN9~SOxQJaUjpHSgu1D-3aNHV7YwSzJHR4wsSgzcb~KHie8z3UlUNV0wSpmNonder03FGmkrhK4ReFCITIvk9u3Rg9epvEhUtz3FGeChrK6xH5wcK~6Slz9xJr8-bby~U80IsiMTBEznllNtHG8GTt-rb2aWmxGMDyEusl52dmG9Vq393Ux31yUSt3FkrntzvrGIRJfLkz9MqEUw__&Key-Pair-Id=KUT5TJCACFTXG","The Hooksett Economic Development Advisory Committee (EDAC) discussed plans to define a smaller, locally driven “heritage neighborhood” in the village and stepped up outreach about the state RSA 79‑E property tax exemption for rehabilitation during its meeting.

The conversation focused on educating village residents about the existing 79‑E rehabilitation exemption, which EDAC members said is underused in Hooksett. Grant (staff) summarized the eligibility criterion as “the rehabilitation costs ... has to be at least 15% of the building’s pre‑rehab assessed value or $75,000, whichever is less.” Lisa Lally, a newly introduced EDAC member and local realtor, described practical outreach steps and offered to help connect owners to local lenders.

Why it matters: the 79‑E exemption can delay increases in property taxes for owners who invest in qualifying rehabilitation work, and EDAC members said clearer information could increase participation in the program and reduce blight in the traditional village area.

EDAC members debated whether to change the boundary of the town’s village definition before promoting 79‑E. Several members favored narrowing the village boundary so outreach targets the properties most likely to qualify; others emphasized that the 79‑E district and a heritage neighborhood are separate tools and can proceed in parallel. Committee members suggested in‑person meetings in the neighborhood and an informational mailer or web page explaining how 79‑E works and who qualifies.

Committee members also discussed lowering the perceived financial threshold for participation. Tony and others noted that the $75,000 figure often quoted as a practical threshold comes from that 15% or $75,000 rule; EDAC members observed that on some multifamily properties federal tax incentives (for example, bonus depreciation for certain business investments) can make rehabilitation more attractive in the near term.

EDAC agreed on an outreach plan that mixes direct invitations to properties in the existing revitalization zone, an online fact sheet, and local workshops. Members suggested working with local banks or credit unions to identify financing options and to present a “pathway” residents could use to finance improvements. Grant and other staff were asked to prepare a one‑page fact sheet about 79‑E and a mailing list of eligible properties for the next EDAC meeting.

\"It's usually the way that these incentives get implemented. There's some form of education when the implementation happens,\" Grant said during the discussion.

EDAC did not take a formal vote about changing 79‑E rules (which are set by state law and local adoption) but instructed staff to begin targeted outreach and to coordinate a public meeting that explains both heritage neighborhood planning and the 79‑E program.

EDAC members said they will report back with a draft mailing and the fact sheet at a future meeting; staff also committed to talk to other New Hampshire communities that have used 79‑E to learn what worked.","Members of the Hooksett Economic Development Advisory Committee discussed a proposed heritage neighborhood in the village and ways to increase resident uptake of the state RSA 79‑E tax‑exemption program, and agreed to pursue targeted outreach and education.","actionData","errors"]

Article not found

EDAC recommends town council extend and expand commercial/industrial tax exemption as Marmon weighs Hooksett expansion

Hooksett EDAC outlines business outreach for Exit 10 TIF and sewer extension

Hooksett EDAC discusses village 'heritage neighborhood' and 79‑E tax exemption outreach