City of New Hampton Tax and Financial Incentive Programs

City of New Hampton Tax and Financial Incentive Programs

Tax Increment Financing
If your business is located in one of the designated urban renewal areas or tax increment financing areas, it may be eligible for an economic development grant that uses the incremental taxes the project will generate.

Property Tax Exemption
Within industrial properties, the City has the authority to abate from property taxation, the actual value added by new construction to the property.

Industrial Revenue Bonds
The City has the ability to issue bonds for some economic development projects. Such bonds are normally issued at a lower rate of interest than otherwise available to the business.

Dollars Per Job Financial Incentive Program
The New Hampton Economic Development has the ability to provide financial assistance to companies that create new employment opportunities and/or retain existing jobs and make new capital investment in New Hampton. The amount of funding is based, in part, on the number of jobs to be created/retained. Funds are provided in the form of loans and forgivable loans.

News

Thanksgiving Garbage Pickup

Posted: Fri, November 16, 2018
Garbage pickup for the week of November 12th is as follows:
Tuesday's Residential will be normal (Nov. 20)
Thursday's Residential will be moved to Wednesday, Nov. 21st. Please have all materials out by 5:00am for collection. Happy Thanksgiving!
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2018 Curbside Compost Pickup

Posted: Thu, October 4, 2018
Friday, October 19, 2018:  Compost Only
Friday, November 2, 2018:  Compost Only
Friday, November 16, 2018:  Compost and Brush

       No 33 gallon barrels and/or 40 lb weight limit

       Brush needs to be less than 2" in diameter & less than 4' long.


Compost site will close Saturday, November 24, 2018(depending on weather)

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Grants Available

Posted: Tue, October 2, 2018
The New Hampton Hotel/Motel Grant and the Chickasaw County Community Foundation Grant are now taking applications!  If you are interested in applying for one and/or both of the grants, see the links below!  Application deadline for both grants is December 31, 2018.

New Hampton Hotel/Motel Grant - http://www.newhamptonia.com/hotel-motel-grant-application.html

Chickasaw County Community Foundation Grant - https://www.cfneia.org/affiliates/chickasaw-county
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