The City of Somersworth has two Economic Revitalization Zones (ERZ’s) that offer potential tax savings to employers who invest in their facilities and create jobs. ERZ Tax Credits are a short-term, tax credit against the State’s business profits and enterprise taxes. The total maximum amount of the credit is $200,000 which is spread out over five years. The total credit is based on the amount invested in the facility and the number of jobs created. The two zones can be seen by clicking here for our ER Zone City Map 2012.
To see a complete description of this State tax incentive, please visit the NH Division of Economic Development’s website by clicking here.
Somersworth boasts a business landscape that can accommodate everything from large scale manufacturing in one of our industrial parks to an intimate coffee shop in our historic downtown. The City has a bustling retail district that includes both independent and national retailers.
Unique space can be found along our riverfront in our historic mill buildings, which house everything from artist studios to small scale manufacturers. Call the Economic Development Office at (603) 692-9516 to find the right location for your business. We are happy to take you on a tour of the City and personally show you the numerous options available to you.
You may want to begin your search online. Available properties that are listed by a broker can be viewed at NECPE and at NEREN. Not all properties are listed on each site so it is best to look at both.
RSA 79-E offers a significant tax savings for qualified rehabilitation projects in the newly revitalized downtown district. This valuable tax incentive offers up to five years of a property tax assessment freeze for property owners who make a significant investment in a downtown building. An additional two years of tax relief can be granted if the owner creates quality housing in a mixed-use building. Call our office to learn more about this great program. You can also read about RSA 79-E in the City’s Ordinances by clicking here.
Does your business need lots of visibility? The NH Department of Transportation (NHDOT) provides data on traffic counts for various part of the City. Click here to reach the NHDOT website.