Economic Development

The Town of Swanzey has adopted programs for businesses and property owners to help support and enhance the vitality of the local business community.  We are also always in the process of exploring other programs that may benefit our business community. This page offers information on the Town's New Construction Property Tax Exemption Program, Economic Revitalization Zones, and Tax Increment Financing (TIF) District. Links to New Hampshire business development and financing resources are also provided.

New Construction Property Tax Exemption
At Town Meeting in 2020, voters approved a new construction property tax exemption program for commercial and industrial uses pursuant to RSA 72:81. The exemption may be granted for a maximum of 50 percent of the increased assessed value attributable to the new construction and for a maximum period of 10 years. To be eligible, a project must provide a demonstrated public benefit. The percentage rate and duration of the exemption is granted on a per case basis by the Board of Selectmen based on the amount and value of the public benefit provided. Applications are due December 31st before the beginning of the tax year for which the exemption is being applied for.

Economic Revitalization Zones
The Economic Revitalization Zone (ERZ) designation provides incentives for businesses to relocate, expand, and create jobs within districts approved by the State of New Hampshire. Businesses may be eligible for tax credits applied toward their Business Profit Tax and Business Enterprise Tax. There are currently three ERZ districts in Swanzey:
For additional information on whether your property is within an Economic Revitalization Zone, please contact the Planning & Economic Development Department at 603-352-7411, ext. 108. For information on the ERZ tax credit benefits, please contact the New Hampshire Division of Economic Development at 603-271-2591 or visit their website

Tax Increment Financing (TIF)

The Town adopted a Tax Increment Financing (TIF) District in 1999 to complete road and utility improvements to help support the development of an industrial park between Route 12 and Old Homestead Highway, adjacent to the Dillant-Hopkins Airport.  Since that time, approximately $2.5 million has been invested in the Safford Drive road extension and the extension of public water and sewer services. Additional TIF bonds may be available for site access and district amenities. 
Local and State Business Development and Financing Resources

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