MVSB employees stand with Great Bay Services (GBS) staff and program members at the nonprofits Dover location in front of their garden. MVSB and GBS staff include Jon Stimmell, GBS Program Director; Kristi Reynolds GBS Finance Director; Sarah Page, GBS Community Participations Services Manager; Angela Salb, MVSB VP Commercial Lending Team Lender; Lucas Hudon, GBS Logistics Coordinator; Jim Carrigan, MVSB Regional Vice President; and Amy Valliere, GBS HR Director.
New Hampshire Community Development Finance Authority (CDFA) recently awarded tax credits to Great Bay Services in Dover, a nonprofit that empowers adults with intellectual and developmental disabilities to fulfill their potential as valued members of the communities they serve. The fundraising effort will support the purchase of 12 wheelchair accessible minivans to help meet the transportation needs of the organization’s clients in Rockingham and Strafford County. We are proud to purchase $10,000 in tax credits to support their fundraising efforts.
“Accessible minivans will allow us to offer safer and more reliable transportation to our clients, which will increase access to community activities such as volunteer projects, outdoor recreation, employment, education, entertainment and more,” said Pam Lowy, Great Bay Services Executive Director. “A lot of our work is made possible by the wonderful local support we have received, and we are thankful for the businesses and organizations who have helped us bring resources and services to our community members.”
“Nonprofits like Great Bay Services are critical to the health, wellbeing and success of our Seacoast communities, and we are proud to be a small part of that,” said Jim Carrigan, MVSB Regional Vice President. “It really makes you appreciate the great community we have here.”
Founded in 1954, Great Bay Services provides vital programs, and health care to people with disabilities for them to be mentally and physically healthy and active in their communities. Go to greatbayservices.org to learn more.
CDFA tax credits allow businesses to fund qualifying economic or community development projects in exchange for a tax credit that can be applied against state business tax payments. The tax credits are administered by the New Hampshire CDFA. Any business with operations in New Hampshire that contributes to a CDFA tax credit project receives a New Hampshire state tax credit worth 75 percent of their contribution. The credit can be used over a period of five years to reduce the business’ state tax liability (business profits, business enterprise, or insurance premium taxes). The tax credit program allows New Hampshire businesses to use their state tax dollars to support local projects that they care about. CDFA reviews many project applications each year, and awards tax credits to those they determine are feasible and will make the biggest impact on economic development in the state. Visit nhcdfa.org for more information.
