CDFA Community Development Investment Program Awards CRDC with Tax Credits


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The New Hampshire Community Development Finance Authority (CDFA) through the Community Development Investment Program, makes awards annually of $25,000 in NH State Tax Credits. This year,
The New Hampshire Community Development Finance Authority (CDFA) through the Community
Development Investment Program, makes awards annually of $25,000 in NH State Tax Credits. This year, for

the State Fiscal Year 2017 -  the Tax Credits were awarded to CRDC. This award is made
to support CRDC's operating expenses, related to implementing its mission. 
 
New Hampshire businesses are able to invest in community and economic development projects and receive a 75% State Tax Credit for that contribution through the Community Development Investment Program (CDIP). The Tax Credit can be applied against the New Hampshire business profits, business enterprise, and/or insurance premium taxes.
 
CRDC, as one of the ten recognized New Hampshire regional development corporations, is focused on providing financial support to businesses, in order to promote economic development, to foster the creation of quality jobs, and to enhance the economic well being of our local communities.  CRDC's lending programs include the SBA 504 Loan Program (a Statewide program) and direct loans through its Revolving Loan Funds in Merrimack, Sullivan and Hillsborough Counties. 
 
As of the end of the State fiscal year, June 2017, CRDC received pledges from a number of business entities, in order to support its capacity to provide financial services for the economic benefit of our communities.
 
For their donations to this program, CRDC would to thank the following:
 
Cleveland Waters and Bass, P.A.
Franklin Savings Bank
Lake Sunapee Bank
Orr & Reno, P.A.
Sugar River Bank


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