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Business Tip Helps in the Creation of Local Jobs

A business tip by the State’s Business Development Manager helped lead to the opening of two local restaurants that hired 51 workers.

Michael Bergeron, the New Hampshire Division of Economic Development’s Business Development Manager, provided technical assistance regarding a tax credit program to Five Guys Burgers and Fries which assisted in their decision to open a location in Nashua on 341 Amherst Street.

“In meeting with the restaurant owners, I wanted to be sure to let them know about all of the incentive programs that are available to them,” Bergeron said. “I’m thrilled that they were able to take advantage of the tax credit program and create a business that is helping New Hampshire citizens find solid full-time jobs.”

five-guysFive Guys Burgers and Fries utilized the Enterprise Revitalization Zone Tax Credit Program (ERZ) by locating their business in an ERZ designated area in Nashua. With the ERZ Program, a business may be eligible for tax credits to be used against their Business Profit Tax and Business Enterprise Tax in a qualifying ERZ Program project. It is a two step process, whereby the municipality first applies for the designation based upon specific criteria, and secondly, a business applies for the actual tax credit.

ZAGAT survey rated every year since 2001, Five Guys Burgers and Fries now has two Granite State locations, one in Nashua and the other located at 1111 South Willow Street in Manchester. The Manchester eatery, slated for a March 1st grand opening, will feature 100 seats and 15 delicious burger toppings.

“The Division of Economic Development was very instrumental in educating me on how a small business can benefit from the many resources that the State of New Hampshire has to offer,” said Five Guys Owner Cort Mendez. “In today’s difficult economic environment, it’s great to know that the Division of Economic Development shares common ground in wanting small business to be successful. Programs such as the ERZ offer a great advantage to assisting small businesses in creating jobs in New Hampshire.”

To learn more about Five Guys Burgers and Fries, visit www.fiveguys.com.

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