The New Hampshire Community Development Finance Authority (CDFA) through the Community Development Investment Program, makes awards annually of $25,000 in NH State Tax Credits. This year, for the State Fiscal Year 2020 – the Tax Credits were awarded to WEDCO. This award is made to support WEDCO’s operating expenses, related to implementing its mission.
New Hampshire 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 (CDIP). The Tax Credit can be applied against the New Hampshire business profits, business enterprise, and/or insurance premium taxes.
WEDCO, 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. WEDCO’s lending programs include direct loans from the Revolving Loan Fund, Intermediary Relending Program, etc.
For more information please call 569-4216 or email: info@WEDCO-NH.org