Council Considers Tax Incentives for Marmon Expansion in Hooksitt

Hooksett's Economic Development Advisory Committee (EDAC) is taking significant steps to attract new businesses and enhance local infrastructure. During a recent meeting on August 20, 2025, members discussed a potential tax exemption for Marmon, a company looking to expand its operations in the area.

The proposed commercial industrial exemption would allow Marmon to receive a 25% reduction on increased property value for up to five years. This incentive is crucial as Hooksett competes with neighboring states that offer more attractive tax benefits. The expansion could see Marmon build a new facility of approximately 300,000 square feet, significantly increasing local employment opportunities.

Committee members emphasized the importance of acting quickly to present this proposal to the town council. The council's approval is essential for Marmon to proceed with its plans, as the company has expressed that without the exemption, it may consider relocating elsewhere. The committee is also exploring the possibility of extending the exemption period to six years, which could provide additional incentives for businesses considering Hooksett.

In addition to the tax exemption discussions, the committee addressed the infrastructure costs associated with new connections to the sewer system, which are estimated at $6,200 per household. This information is vital for residents who may be affected by upcoming developments.

The meeting underscored the committee's commitment to fostering economic growth while ensuring that local residents are informed about potential impacts. As the town moves forward, the EDAC aims to evaluate other properties that could benefit from similar incentives, ensuring a comprehensive approach to economic development in Hooksett. The next steps will involve presenting the proposal to the town council, with hopes of securing approval to support Marmon's expansion and enhance the local economy.