Businesses earn tax credits by donating!

Let us multiply the impact of your business donation by 75% while also letting you choose where your tax dollars are invested. With very little paperwork, it's an easy process!

Participating in the CDFA tax credit program is a unique and attractive way for a business to contribute to a charitable cause for three main reasons:

  • CDFA has done the vetting for you

    through a competitive grant application process, verifying G.A.L.A.'s 501(c)3 status and identifying the project’s viability and alignment with NH economic development goals.

  • Stretch the impact of your donation.

    For example, after federal deduction, a $1,000 out-of-pocket donation translates to approximately $11,000 toward the selected project.

  • You can direct where your tax money goes.

    This unique program allows a business to direct its state tax liability to a local project they care about as opposed to the state general fund.

The Community Development Finance Authority (CDFA) Tax Credit Program is actually very simple, so we'll try not to overcomplicate it for you. Businesses that donate to a CDFA-approved project can get at least 75% of that contribution back in the form of a state business tax credit.

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“Makers Mill will provide the skills and resources necessary to ensure that local people can empower themselves to prepare for meaningful and necessary careers as the economy recovers from the current pandemic”

Rick Wyman

President of Meredith Village Savings Bank
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"The team at G.A.L.A. is committed to the important work of creating locally-focused opportunities for education and collaboration and I'm excited to see the social and economic impact that this project makes!"

Nathan Dickey

Owner of Keller Williams Coastal Realty and Keller Williams Lakes & Mountains Realty
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"As a small business owner, the Makers Mill makerspace is the kind of project I want to see succeed because I know it will help make our community more attractive and accommodating for young families to settle, as well as businesses to grow."

Brendan Carrier

Owner, Carrier Building and Development
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"We are greatly struggling to find additional employees with a technical skill set...and are optimistic about the potential collaboration with the Makers Mill makerspace."

Tim Caravella

CEO, Technicoil

CDFA awarded G.A.L.A. $275,000 in tax credits for the Makers Mill project across the state's fiscal years 2020 and 2021. Local businesses quickly invested in the first year’s quota of $62,000.

Join these far-sighted, community-minded companies investing in Carroll County’s future:

Bradley's Hardware
Carroll County Landscaping
Green Mountain Communications
Healing Frontiers
Keller Williams Lakes & Mountains Realty
Made on Earth

Meredith Village Savings Bank
Milestone Engineering
Mill Street Meat Market
PSI Plastics
Spider Web Gardens
Stanley Elevator
The Hearing Aid Shop
Wolfeboro Family Dental

The sooner pledges are made, the sooner we can put your tax dollars to work. All pledges for the second quota of $213,000 must be made by March 31, 2021, and payments made by June 2021.

Meredith Village Savings Bank donates tax credits
Bradley’s Hardware donates tax credits
Mill Street Meat Market donates tax credits
Wolfeboro Family Dental donates tax credits
Keller Williams donates tax credits to makerspace

OK, I’m sold! How do I participate?

1.) Fill out the pledge form: Select G.A.L.A.’s project from the drop-down menu: “G.A.L.A. Community Center: Carroll County Makerspace & Incubator”

2.) Execute the pledge and make payment before June of 2021.

If you have ANY questions about how this works, you can contact George Hunton: 603-717-9116, ghunton@nhcdfa.org

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