Kuster Fighting to Keep Tax Credit for Milford Company

Congresswoman Annie Kuster (NH-02) stopped by a Milford technology business on Monday as part of her efforts to maintain local economic growth.

Kuster focused on the role of federal tax credits for local businesses during her visit to Airmar Technology Corporation in Milford. The company currently receives about $200,000 a year in federal research and development (R&D) tax credits, but this will expire at the end of the year.

Airmar develops ultrasonic transducers and sensing technology used on anything from boats to John Deere tractors.

The Congresswoman said that she is fighting to keep this tax credit as part of her “Make It In America” plan. It emphasizes four key priority areas: adopting and pursuing a national manufacturing strategy, promoting the export of U.S. goods, encouraging businesses to bring jobs and innovation back to the U.S., and training and securing a 21st century workforce.

This is the 18th businesses she has visited as part of her “Congress at Your Company” series of talking with local businesses about what will drive growth.

“What I am seeing is high quality, sophisticated manufacturing and that is how we stay competitive,” said Kuster. “They need to know they can make investments to make new products.”

She added that the R&D tax credit spurs innovation and job creation that drives the local economy.