Merrimack County Savings Bank (The Merrimack) is committed to supporting Overcomers Refugee Services’ capacity building efforts with a $9,400 pledge. Funded through the New Hampshire Community Development Finance Authority (CDFA), the contribution will go toward expanding the social services necessary to help newly resettled refugees fully integrate into the community.
“Clement and his team go above and beyond to help refugees adapt to a new culture,” said Linda Lorden, President of The Merrimack. “We’re proud to be a longstanding supporter of Overcomers Refugee Services and the invaluable services they provide to our immigrant community.”
Overcomers Refugee Services provides ongoing support, education and cultural orientation including assistance finding employment, stable housing and even starting a small business. Through these capacity building efforts, Overcomers will expand their programs and focus on community economic development.
“Support from local organizations like The Merrimack allow us to strengthen and grow over the next two years,” said Clement Kigugu, Executive Director, Overcomers Refugee Services. “We’re already exploring micro-business development for refugees, transitional housing through partnerships and establishing worker co-ops.”
Overcomers Refugee Services is a non-profit that empowers refugees and new Americans to become successful, contributing members of New Hampshire society. Through charitable donations, Overcomers is able to provide social services to men, women and children through trained volunteers. To learn more about their services, visit overcomersnh.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