The NH Department of Business and Economic Affairs' (NH BEA) Economic Revitalization Zone (ERZ) tax credit program offers a short term business tax credit for projects that improve infrastructure and create jobs in designated areas of a municipality.
ERZs were established to stimulate economic redevelopment, expand the commercial and industrial base, create new jobs, reduce sprawl, and increase tax revenues within the state by encouraging economic revitalization in designated areas.
Salem has four (4) designated ERZs. A map of all Salem ERZs can be found here. These include:
- West Side I-93 Exit 2 (approved 6/13; renewed 12/18, 11/22)
- Former Cisco / Celestica Plant, 9 Northeastern Boulevard (approved 11/10; renewed 3/16, 1/22)
- Depot Intersection Redevelopment Northwest, Tuscan Village (approved 5/11; renewed 3/16, 1/22)
- Garabedian Drive (approved 4/17; renewed 11/22)
- View each zone in Mapgeo for Salem.
The program is administered through the NH BEA. Applications are due by mail or email by February 10 following the applicant’s tax year. Please refer to the NH BEA application for the appropriate mailing / email address.
For the application and an FAQ document, please see the supplemental links for the program below:
If you have any questions about the ERZ program, please contact Crayton Brubaker, Community Development Program Manager at 603-890-2086 or the Community Development Department by email at CommunityDevelopmentDepartment@salemnh.gov.