Merrimack County Savings Bank (The Merrimack) is proud to be a longstanding supporter of Second Start in Concord and the vital resources it provides to more than 1,000 students annually. In partnership with the New Hampshire Community Development Finance Authority (CDFA), The Merrimack pledged $10,000 to help strengthen internal operations at Second Start to better support its employees.
“By investing in Second Start, we’re able to help sustain programming that transforms lives,” said Linda Lorden, President of The Merrimack. “The staff and volunteers go above and beyond to make a difference in the community through education.”
Second Start offers comprehensive programs including early childhood education, substance misuse prevention for middle- and high-school students, adult education programs and services for New Americans.
“We’re grateful for The Merrimack’s support as we implement new initiatives to improve daily operations,” said William Mealey, Chief Executive Officer at Second Start. “The generosity of our local organizations helps us continue to evolve to meet the needs of the community.”
Second Start is a private non-profit educational organization located in Concord, New Hampshire since 1971. Second Start offers a wide variety of programs designed to improve the economic and educational well-being of New Hampshire residents. To learn more, visit second-start.org.
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.