Hooks explores tax exemptions for Marmon's potential expansion plans

The Hooksett Economic Development Advisory Committee convened on April 16, 2025, to discuss various topics related to local economic growth and incentives for businesses. The meeting focused on the current status of tax incentives available to the town and potential expansions by local businesses.

The first item on the agenda involved a review of the town's existing tax incentives. Committee members noted that Hooksett has largely exhausted its available incentives for property and businesses, with the exception of commercial and industrial incentives. These incentives could be utilized by Marmon, a local business, should they decide to expand their operations in Hooksett.

Discussion highlighted that any tax exemption would apply only to the newly expanded portion of Marmon's structure, as opposed to the original building. This point raised questions among committee members regarding whether tax exemptions had previously been applied to the original structure.

The meeting concluded with a consensus on the need for further exploration of available incentives to attract and retain businesses in Hooksett. The committee plans to continue discussions on this topic in future meetings, aiming to enhance the town's economic development strategy.