CDFA Community Development Investment Program Awards CRDC with Tax Credits


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CRDC is pleased to announce Mascoma Saving Bank pledged $25,000 in state tax credits for the fiscal year ending June 2018.   The New Hampshire Community Development Finance Authority
CRDC is pleased to announce Mascoma Saving Bank pledged $25,000 in state tax credits for the fiscal year ending June 2018.
 
The New Hampshire Community Development Finance Authority (CDFA) through the Community Development Investment Program, makes awards annually of $25,000 in New Hampshire state tax credits to CRDC. 
 
“This award is made to support CRDC’s operating expenses, related to implementing our mission,” said Stephen Heavener, CRDC Executive Director. “New Hampshire’s 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. This fiscal year, we are pleased to announce that Mascoma Savings Bank was the sole pledge for the entire amount.”
 
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. 
 
Our lending programs include the SBA 504 program (Statewide) and direct loans through its Revolving Loan Funds (RLF) in Merrimack, Sullivan and Hillsborough Counties. 
 


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