To the Citizens and Businesses of Tamworth - ENTIRE town qualified by our State as a NH Economic Revitalization Zone
To the Citizens and Businesses of Tamworth.
The Tamworth Economic Development Commission (TEDC) is proud to announce that Tamworth is the only municipality in New Hampshire to have our ENTIRE town qualified by our State as a NH Economic Revitalization Zone (ERZ)! It is a program benefitting businesses large and small which will enrich the economic development and diversity of our town.
Qualified businesses can apply for this program each year by February 10 for
business tax credits via the New Hampshire Department of Business and
Economic Affairs. Economic Revitalization Zones are areas (in our case, all of Tamworth!) that are created with a purpose to stimulate economic redevelopment, expand the commercial and industrial base, create new jobs and increase tax revenues by encouraging economic revitalization. Businesses located within Tamworth could qualify for business tax credits for projects that improve infrastructure (capital investment) and create new incremental jobs. Each year the state of NH has invested $825,000 to this program.
If you are planning any investment in your business and can hire one or more new
full time employee(s), you could qualify to receive credits of up to $200,000 over 5 years that would offset your Business Profits Tax and Business Enterprise Tax.
For more information on how the program works and how this can benefit your
business, please contact Bridgett Beckwith, Tax Incentive Program Manager, State
of New Hampshire Division of Economic Development at 603-271-2342 or
Bridgett.beckwith@livefree.nh.gov and/or consult with your tax advisor.You can also visit your Tamworth Economic Development Commission website:
tamworthedc.com and click on the ERZ tab.
Pat Farley
Chair
Tamworth Economic Development Commission