Economic Revitalization Zones

What are Economic Revitalization Zones?

Economic Revitalization Zones (ERZs) are specific areas that qualify for short-term business tax incentives. The ERZ program is enabled in the State of New Hampshire through NH RSA 162-N and administered by the NH Department of Business and Economic Affairs (BEA). ERZs are designed to encourage economic redevelopment and support local businesses.

How Do They Work?

Any business located within an ERZ is eligible to apply for short-term business tax credits through the NH BEA. To receive the credit the local business must have created one or more new full-time jobs and/or had capital investment during the calendar year. A capital investment could consist of new construction, expansion, renovation, the purchase of new equipment, or a variety of other infrastructure improvements. Businesses are required to submit applications by February 10^th of the year following the eligible calendar year. For example, a submission for calendar year 2025 credits would be due in February 2026.

ERZs in Hillsborough

The Town of Hillsborough has four designated ERZs. These areas were proposed by the Economic Development Committee (EDC) and approved by the Board of Selectmen. The designation process involved working with Central NH Regional Planning commission to identify areas of Town fit for the ERZ program, hosting a public event to discuss ERZs residents, and applying for approval of each zone through NH BEA. 

The four zones are located along Henniker Street off US 202 in the eastern part of Town, along West Main Street centered around School and Bridge Streets in downtown Hillsborough, around the intersection of US 202 and NH 149, and along West Main Street and NH 9 in the western part of town. Use this link to view the ERZs on a live map.