Town Council Considers Expansion of Economic Revitalization Zone for Marmon Property

In the heart of Hooksett, New Hampshire, the Economic Development Advisory Committee convened to discuss the future of local businesses and the potential for economic growth. The meeting, held on August 20, 2025, was marked by a focus on property development and tax incentives that could bolster the town's economic landscape.

One of the key topics was the Marmon property, which committee members believe could significantly enhance the town's tax base. The discussion highlighted the complexities surrounding the eligibility of various properties for tax exemptions, particularly the 500,000 square foot building associated with Peter Bartash. While the council had previously deemed this property ineligible for certain tax benefits in 2021, it remains a focal point for future discussions about economic revitalization.

Committee members noted that the Economic Revitalization Zones (ERZ) could provide opportunities for tax exemptions, which are crucial for attracting new businesses. The town has expanded its ERZ to include several properties, including the Marmon site, which is seen as having substantial potential for development. The process for adding properties to the ERZ involves collaboration between the town planner, the Economic Development Advisory Committee, and the planning board, culminating in approval from the town council.

As the meeting progressed, members discussed the importance of reevaluating these zones every five years to ensure they continue to meet state criteria for development potential. The state has streamlined the process, allowing towns to certify that their ERZs still hold promise for growth without extensive evaluations.

The committee's discussions reflect a proactive approach to economic development in Hooksett, emphasizing the need for strategic planning and collaboration to harness the potential of local properties. As the town looks ahead, the decisions made in these meetings could pave the way for a more vibrant economic future, benefiting both businesses and residents alike.