Rochester is “business-friendly” and willing to help find creative solutions for businesses and organizations looking to relocate and/or grow.
The city, which includes the communities of East Rochester and Gonic, is home to six economic revitalization zones (ERZs) where businesses can earn tax credits for qualified capital investments that generate full-time employment.
In recent years, the city has financed infrastructure improvements for a new 490,000 sf retail center and a major business park expansion to accommodate construction of a 325,000 sf manufacturing facility. While not every business works on that scale, Rochester’s experienced Economic Development staff is ready to work with businesses and employers to identify federal, state and local incentives, including tax increment financing, tax incentives and coordinate with state and federal agencies on workforce development grants.
Rated A+ for “business friendliness” by Thumbtack, Rochester NH offers incentives tailored to a range of industrial, commercial and non-profit enterprises.
The city has been targeted by several key federal and state programs to spur growth and develop the region’s potential. Rochester is home to 6 New Hampshire Economic Revitalization Zones – more than any other city in the state – enabling eligible businesses to qualify for short-term tax credits for relocation and new construction. Rochester is also a federal SBA HUB Zone with benefits including low-interest loans for qualifying small businesses. And the city offers
The Rochester ED staff will work with businesses to identify tax credit programs for R & D, historic preservation, new market development and energy conservation; job training loans; and technical assistance for international trade and DOD procurement.