Meredith Village Savings Bank (MVSB) recently pledged $5,000 to the Wentworth Economic Development Corporation (WEDCO) through the Community Development Finance Authority (CDFA) of New Hampshire’s tax credit program. The Bank’s investment allows WEDCO to continue offering economic development services and resources to New Hampshire businesses in the eastern Lakes Region.
“We’re so thankful for this generous contribution from MVSB,” said Denise Roy-Palmer, Executive Director of WEDCO. “Contributions like this one make it possible for us to continue our valuable work. By providing financing and assistance to established and developing businesses, WEDCO contributes to the creation of jobs and the growth of our local economy.”
“Meredith Village Savings Bank and its employees are proud to support WEDCO. We applaud and stand behind their mission to help local businesses prosper. It’s very rewarding to be able to make contributions to outstanding organizations like this one,” said Rick Wyman, President of Meredith Village Savings Bank.
The Wentworth Economic Development Corporation is a private, non-profit regional lender founded in 1993 for the sole purpose of promoting economic growth in the eastern Lakes Region. Its mission is to promote and support businesses and the creation of employment opportunities by providing development assistance and financing. WEDCO serves businesses of all sizes in the Lakes Region Communities of Brookfield, Effingham, Farmington, Middleton, Milton, Moultonborough, New Durham, Sandwich, Tuftonboro, Wakefield and Wolfeboro. For more information, visit www.wedco-nh.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. For more information about the CDFA, visit www.nhcdfa.org.
Marcus Weeks, MVSB Vice President, Business Development, Small Business Lender (left) and Current WEDCO Board Member (Past President of the Board), Denise Roy-Palmer, WEDCO Executive Director (right).