Hooksett Town Council urged to expedite tax exemption decision for Marmon expansion

The Hooksett Economic Development Advisory Committee (EDAC) is urging the town council to act swiftly on a crucial tax exemption proposal that could significantly impact local business Marmon. During a recent meeting, members emphasized the urgency of extending a local property tax exemption that is set to expire at the end of the year. If the council does not act quickly, Marmon may decide against establishing operations in Hooksett, citing insufficient benefits.

The committee discussed the potential for a five-year tax exemption at a rate of 25%, which could incentivize Marmon to commit to the area. "If the town council takes action quickly, then Marmon doesn't have to commit to Hooksett as quickly," one member noted, highlighting the delicate balance between urgency and opportunity.

The EDAC is advocating for the council to consider this extension, as it would not only benefit Marmon but also enhance the town's economic landscape. The committee plans to draft a motion recommending that the council act before the exemption expires, ensuring that Marmon can take full advantage of the benefits available.

Additionally, the committee discussed the importance of collaboration with the town council regarding future property tax exemptions. Members expressed a desire for the council to consult with EDAC on potential properties that could be included in such programs, reinforcing the advisory role of the committee in economic development decisions.

As the deadline approaches, the EDAC is poised to play a pivotal role in shaping Hooksett's economic future, urging prompt action to secure Marmon's commitment and foster growth in the community.