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NH Business Review
TIF district eyed near Jericho Mountain State Park
February 17, 2021
The city of Berlin is continuing to work on economic development efforts that it hopes will attract new investors to Berlin.
According to The Berlin Sun, the Berlin Industrial Development and Park Authority has hired a consultant, ADG Solutions of Concord, to look at creating a tax increment financing district centered on the Route 110 area near Jericho Mountain State Park. And it is looking at incentives that will make it financially viable to attract a small hotel to be located in the city.
A TIF district allows for the financing of public improvements within a defined district using new tax revenues generated by new construction or expansion of businesses. In the case of Route 110, some property owners have expressed a desire to take advantage of the interest in ATV riding created by the park to build and operate new commercial businesses in that area. ....

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