From left, Jessica Ruel, MVSB Branch & Business Development Manager, Brittany Hodge, MVSB Mortgage Loan Officer NMLS# 2387835, George Wiese, Mountain Top Music Center Executive Director, Marcus Weeks, MVSB President, and Ariana Roy, MVSB Business Development Officer, stand at the MVSB North Conway Office.
The Mountain Top Music Center, which operates the Majestic Theatre and Café in Conway, recently received tax credits from the New Hampshire Community Development Finance Authority (CDFA) to further its mission of enriching lives and building community by providing inspiring music education and performance and listening opportunities. We are proud to purchase $10,000 in tax credits to support their programming.
“We’re pleased that with the help of these funds we are now able to host live music events in our cafe three nights per week, and we’re already busy expanding the frequency and breadth of performances in the Majestic Theatre,” said George Wiese, Mountain Top Music Center Executive Director. “We are grateful for all the community support we have received and we look forward to continually find ways to bring new music and arts opportunities to the community.”
“The Mountain Top Music Center is a wonderful organization that brightens our community through arts education and performance,” said Jessica Ruel, MVSB Branch & Business Development Manager. “We are very proud to support their work to give local musicians an avenue to share their talents and community members so many ways to enjoy incredible entertainment.”
Mountain Top Music Center is a nonprofit community music school, performance venue and concert presenter located in Conway. Go to mountaintopmusic.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.
