Businesses invited to invest in Bedford’s future
According to the commission’s December 2009 report, the town should focus on business retention, the expansion of existing businesses, and attract new business to Bedford, while maintaining the town’s character and lifestyle. In addition, Bedford should participate in regional and state economic development boards and commissions, and develop a marketing plan.
Town Councilor Bill Jean, who has advocated for the program, said creating ERZ areas would provide an opportunity for Bedford to attract and retain businesses.
According to the state’s economic development website, nheconomy.com, ERZ credits are short-term against the business profits and enterprise taxes. To qualify, a certain amount of capital investment must be made and the project must expand the commercial and industrial tax base and create new jobs.
The Bedford Bulletin
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