Direct your business tax dollars to G.A.L.A.’s Makerspace & Incubator project!

Last year, through a very competitive grant process, G.A.L.A. was awarded $30k worth tax credits through the Community Development Finance Authority (CDFA).

As a business owners, you can purchase these credits that go against your enterprise, profits, and/or insurance premium tax liability, and effectively direct this money to our Makerspace & Incubator project instead of having it go to the general state slush fund.

It’s not a 1:1, but it’s pretty damn close – about 90% after the federal tax donation benefits are taken into account. Follow this link to better understand the breakdown: http://www.nhcdfa.org/tax-credits/tax-calculator

We’ve sold approximately $20K so far

Participating businesses will be included in a state-wide press release, social media, posters, email announcement, and sign in our prominent window on Bay St. in Wolfeboro.

Participating in the CDFA tax credit program a unique and attractive way for business to contribute to a charitable cause for three main reasons:

1) First, the CDFA, a state agency, has done the vetting for you. G.A.L.A. was allocated the tax credits through a competitive grant program that verifies our charitable 501(c)3 good standing and the fact that our project aligns with state economic development goals. Check.

2) Secondly, it allows a business to dramatically stretch the impact of their donation. For example, after tax deduction benefits, a $1,000 out-of-pocket donation translates to approximately $11,000 toward the respective project, as illustrated here: http://www.nhcdfa.org/tax-credits/tax-calculator The business gets PR and visibility for the full $11k as a “donation”, even though $10k is going to pay off their enterprise or profits tax liability. It looks more like a 75% ratio at first glance, until you factor in the federal tax deduction, which should bring it to approximately 85-90%

3. Lastly, this unique program allows a business to direct where their tax money goes – a local project they care about as opposed to the state slush fund.

G.A.L.A. has sold about $20k of the $30 allocated, through the support of Keller Williams Coastal, Made on Earth, Bradley’s Hardware, PSI Plastics, and Healing Frontiers. This leaves a remaining balance of $10k that we need to sell by the end of May 2019. Note that a business has up to 5 years to actually use the credits they purchase, so if the cash flow allowed, a company could purchase a year or more of projected liability and use those credits over the course of the next 5 years.

CDFA has made participating seamless and smooth. There are two steps listed here:

Step 1. Fill out the pledge form here: http://www.nhcdfa.org/electronic-pledge Be sure to select GALA’s project at this point – L5 Capacity Grant

Step 2. Execute the pledge. The end of that form tells you how to then execute the pledge. In order to receive the 2018 federal donation benefit, that credits have to be paid by the end of this calendar year.

If you have ANY questions about how this work, you can call Theresa Upstill from CDFA at 603-717-9103 or tupstill@nhcdfa.org

If you would like to learn more about why the G.A.L.A. Makerspace & Incubator project and how it will support job creation, workforce development, substance misuse prevention, and sustainable community building, please contact G.A.L.A. Director Josh Arnold at 603-569-1500 or email josh@galacommunity.org.

USDA Rural Development State Director and Staff meet with G.A.L.A.

Picture Caption from GSN: USDA Rural Development State Director for New Hampshire and Vermont Anthony Linardos and District 1 Executive Councilor Joe Kenney visit the G.A.L.A. Community Center on Bay Street in Wolfeboro. Josh Arnold, Executive Director of G.A.L.A., gave a tour of the facility and explained to federal and state officials the vision and the mission of GALA to include maker space concept, business incubation, workshops and community engagement. USDA Director Linardos explained various rural development programs and was impressed by the efforts of G.A.L.A. thus far. Left to right: Becky Merrow, Wolfeboro Town Manager, Heather Malone, USDA Community Programs Specialist Rural Development, Bev Mason USDA NH State Area Director, USDA VT/NH State Director Anthony Linardos, G.A.L.A. Executive Director, Josh Arnold, Beno Lamontagne, North Country Industrial Agent and District 1 Executive Councilor Joe Kenney.

Steady but certain progress moves along at 23 Bay St, most recently with a meeting of the minds to explore ways that G.A.L.A.’s envisioned Makerspace & Incubator can build upon existing state efforts for workforce development, career pathways, and substance misuse prevention. In attendance, but not included in the photo, was Director of WEDCO, Denise Roy Palmer, and G.A.L.A. volunteer Mark Hempton. G.A.L.A. is currently working with Scott Simons Architects, Leslie Benson Design, and Steven Hoffman on a renovation costs estimates, code compliance, life and fire safety plan, and preparing for a site plan with White Mountain Engineering in the spring. Anyone interested in helping to move this project forward either through volunteering time and/or financial support can contact G.A.L.A. Director, Josh Arnold at 603-569-1500 or email josh@galacommuity.org.

Community Contra Dance with Brier Hill Band, Saturday, Jan 26th 2018

(Wolfeboro, NH) The Community Contra Dance Series hosted by Global Awareness Local Action (G.A.L.A.) kicks off 2019 on Saturday, January 26th, at the Wolfeboro Town Hall’s “Great Hall”. Dances runs from 7:00 to 10:00pm, with the first half hour dedicated to a brief overview of the basic steps of New England contra dance. Dances are a fun and energizing night out for all ages and abilities, even if you simply prefer to cheer the dancers on from the sidelines.

The headline band for January’s dance is Brier Hill Band. Brier Hill has been playing local farmer’s markets and dances in the Wolfeboro/Ossipee area for the last six years. Named for one of the roads in Canaan Valley where they started playing, the band serves up standard New England dance tunes drawn from the French Canadian and British fiddle traditions that make up most of the contra dance repertoire. Brier Hill is comprised of Lane and Scott Evans, Patrick O’Hagin, Michael Haeger and Tim Morrison. Eric Rolnick will be calling the dance with the Brier Hill.

Dance admission fees are as follows: $8.00 for adults, $5.00 for 6yr-18yr olds, and 5yr and under free. Anyone experiencing financial hardship is invited to pay what they can and no one will be turned away for financial reasons. In an effort to protect the wood floor in the Great Hall participants are encouraged to bring an extra pair of shoes for dancing that do not have a black sole. G.A.L.A. is also looking to fill a few volunteer shifts for the dances this year if you are interested. For more information about this event or to sign up to volunteer visit their website at www.galacommunity.org, call the office at 603-569-1500, or email josh@galacommunity.org

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