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Incentives for Business Owners

LOCAL INCENTIVES

Rochester JOB Loan Program

www.thinkrochester.biz

Low interest loan program for small businesses in Rochester that meet eligibility requirements. See Economic Development.

Downtown Sign & Façade Grant Program

www.thinkrochester.biz

Invest in your outward image and eligible applicants will receive a $1,000 grant towards improvements. Pre-approval required. See Economic Development.

Rochester 79e Downtown Revitalization Tax Incentive www.rochesternh.net

Property tax incentive program for building owners that make significant improvements to Downtown buildings. See Planning Department.

Entrepreneurial Scholarship Program

www.thinkrochester.biz

Invest in skills development for you and/or your staff to make your Rochester business more successful. See Economic Development.

Streamlined review and approvals

www.rochesternh.net

Most new enterprises moving into existing space can use the Special Downtown Review or Minor Site Review options instead of full Planning Board review. Letter of Intent to Planning Department is required.

US SBA Loans

www.sba.gov

Loan programs designed to work in conjunction with commercial banks to provide fixed-rate financing for small to medium businesses that provide employment opportunities. Check with your bank first!

Cooperative Marketing Opportunities

www.rochestermainstreet.org

Rochester Main Street offers multiple opportunities for cooperative marketing and event sponsorships. See Rochester Main Street.

Networking and B2B Opportunities

www.rochesternh.org

Greater Rochester Chamber of Commerce holds monthly networking events, business information breakfasts and local events for businesses. Relocation packages & shopping discounts avail. See Greater Rochester Chamber of Commerce.

New Hampshire Small Business Development Center www.nhsbdc.org

Offers free, one-on-one, confidential business counseling, low cost training programs, and access to information and referral. Local office!

Rochester Economic Development Office

www.thinkrochester.biz

Professional staff provides no-cost services such as site selection, business start-up or expansion services, community information and connection to city and area business resources. Support throughout the approval & permitting process. Multiple programs in financing, marketing and entrepreneurial education.

 

 

STATE OF NEW HAMPSHIRE INCENTIVES

NH Economic Revitalization Zone Tax Credits www.nheconomy.com

Economic Revitalization Zone Tax Credits is a short term tax credit against the business profits and enterprise taxes. To qualify, the location must be in an underutilized industrial park, or structures previously used for industrial purposes or Brownfield site.

NH R & D Tax Credits www.nh.gov/revenue/faq/dra_165.htm

The R&D Tax Credit is a credit against business taxes paid to the state of New Hampshire.  The Legislature has designated $1,000,000 for each of the next 5 fiscal years to be available.  

NH Job Training Fund www.nhjobtrainingfund.org

The New Hampshire Job Training Fund is a matching grant program designed to enhance worker skills and help you stay competitive in the global marketplace. A minimum of 50 percent cash match is required.

Procurement Technical Assistance Program (PTAP) www.nheconomy.com

PTAP provides specialized assistance to individuals and businesses seeking contracting opportunities with Department of Defense (DOD), other federal agencies, or state and local governments. 

New Hampshire International Trade Resource Center (ITRC) www.nheconomy.com/international-trade/ 

ITRC administers programs for international trade promotion and foreign market development for New Hampshire companies.

New Hampshire Manufacturing Extension Partnership (MEP) www.nhmep.org

Low cost consulting services, including lean and agile supply chain management, product development, technology transfer and commercialization; quality management, including compliance with ISO 9000/14000 certification requirements; information technology (IT) management; plant layout, equipment specification, and health, safety, energy and environmental issues.

 

OTHER INCENTIVES

Business Energy Conservation Loan Fund

www.nhbfa.com

Provides direct loans to businesses to improve energy efficiency in NH workplaces. Minimum loan $100,000 with flexible underwriting standards and loan terms. 

Federal Historic Preservation Tax Incentives

http://www.nps.gov/history/hps/tps/tax/index.htm

State of NH:  http://www.nh.gov/nhdhr/

 

The program is the largest, most successful, and most cost-effective Federal community revitalization program. It preserves historic buildings, stimulates private investment, creates jobs, and revitalizes communities. Administered by National Park Service, Internal Revenue Service and NH historic preservation office.

New Markets Tax Credits

www.nhbfa.com

NHBFA CDE, LLC has been awarded $65 million in New Markets Tax Credits from the CDFI Fund. Designed to encourage economic development investment in low income communities, eligible census tracts and project criteria are available on the website.