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Incentives & Resources

Open Sign with People on Sidewalk

There are a number of tax credits and incentives available through the City of Somersworth, as well as the State of New Hampshire, to help you bring your business to our city.

Tax Credits & Incentives

  • Somersworth's Community Revitalization Tax Relief Incentive Program offers a significant property tax savings for qualified rehabilitation projects in the newly revitalized downtown district. This valuable tax incentive offers up to five years of property tax assessment freeze (stay) for property owners who make a significant investment in a downtown building. Please click here for a map.
  • 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. The two zones can be seen by clicking here for our ER Zone City Map 2012.
  • The City has adopted a solar infrastructure exemption (for residential and commercial use) from the assessed value, for property tax purposes, for persons owning real property which is equipped with a solar energy system.
  • The New Hampshire Research and Development Tax Credit enables businesses to apply for tax credits on new research and development costs they can use toward business taxes paid, which can  be carried forward for up to five years.
  • The New Hampshire Job Training Fund provides a 50/50 cash match grant $750 to $100,000 for customized training of a company’s employees.

Resources

There are a number of local, regional, state and federal programs and resources that you can access when bringing your business to Somersworth. Click here to learn more.