For years, the many nonprofit Regional Development Corporations have helped small-to-midsized business obtain the financial resources necessary to thrive and create jobs for low- and moderate-income people in New Hampshire. Your tax credit purchase will help capitalize revolving loan funds and other economic activities for the ten member organizations of the Alliance of Regional Development Corporations.
As the recognized intermediary between private businesses and many public financing agencies, CoastalEDC can access Federal and State business finance programs that are available to keep our regional economy one of the strongest in the state. CoastalEDC also partners with our regional and local banks to help provide subordinate financing to projects that the traditional lenders have deemed credit-worthy but are lacking adequate capital for completion.
CDFA Tax Credits totaling $25,000 are available for State Fiscal Year 2020 (July 1, 2019 to June 30, 2020.)