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Hooksett EDAC outlines business outreach for Exit 10 TIF and sewer extension
Summary
EDAC reviewed the TIF district work at Exit 10, discussed sewer and water infrastructure phases, and planned targeted outreach to property owners and businesses to encourage private investment and voter support for future bonding.
At its meeting, the Hooksett Economic Development Advisory Committee reviewed phases of the town’s Tax Increment Financing (TIF) plan for the Exit 10 area and discussed outreach to businesses that would benefit from sewer and water infrastructure improvements.
Grant (economic development staff) and other members summarized the TIF district’s fiscal picture: the committee cited about $206 million in baseline assessed value within the district and described roughly $36 million in increased assessed value since earlier investments. EDAC members said that captured increment revenue from past improvements — discussed in the meeting as roughly $624,000 in increment receipts in one example — has been leveraged previously…
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