GRAPPONE AUTOMOTIVE GROUP AIDS THRIFT STORE THROUGH TAX CREDITS
FOR IMMEDIATE RELEASE
April 27, 2011
For more information, contact: Michele Talwani – (603) 641-1143 ext. 322
PHOTO: Relocation and expansion “in store” for OutFITters Concord Boutique with help of local donors. Families in Transition President Maureen Beauregard (left) stands with Amanda Grappone Osmer (right) COO of Grappone Automotive Group in OutFITters Thrift Store Boutique, currently located in Bicentennial Square in Concord. Grappone recently donated $25,000 to support growing the Boutique onto Concord’s Main Street; strengthening the store as a funding source for Families in Transition and combating homelessness in southern New Hampshire.
Growth of OutFITters Thrift Store Boutique in Concord will support housing and services for the homeless
CONCORD, NH – Families in Transition (FIT), a Manchester and Concord-based homelessness nonprofit, is the recipient of a $25,000 donation from Grappone Automotive Group in Bow through the New Hampshire Community Development Finance Authority (CDFA) Tax Credit program. The donation will fund the upcoming expansion and relocation of OutFITters Thrift Store Boutique in Concord and help to combat homelessness by enhancing Families in Transition housing and programming.
Since opening in November of 2009, the OutFITters Thrift Store Boutique has been a lucrative and sustainable revenue stream for Families in Transition, with 100% of store proceeds directly supporting FIT’s housing and programming for homeless individuals and families. The boutique has also become a Concord retail favorite, providing shoppers with a wide selection of new and gently used upscale women’s clothing, shoes, and accessories.
In 2011, FIT will expand the store by nearly 3,000 square feet, relocating to a larger, more central retail space on Concord’s historic Main Street. While aiding in Concord’s ongoing downtown revitalization efforts, the move will also increase sales revenue and strengthen the store as a stable source of funding for FIT programming.
“We were happy to help Families in Transition with this worthy project. The work they’re doing is done so well and so quietly. We’re hopeful that this project will help to publicly elevate their efforts,” said COO Amanda Grappone Osmer. Osmer, along with brother Greg Grappone, is the fourth generation of their family to own and operate the business, and charitable giving is a tradition they are thrilled to carry on.
FIT still has $141,125 worth of tax credits available for businesses that have a tax liability in New Hampshire, and seeks investors like Grappone Automotive Group to target tax dollars that would be paid to the federal and state government anyway. For approximately 11% of the cost of their initial donation, investing businesses can support a great cause, increase positive public relations for their company, and receive an excellent return on investment through a host of investor incentives.
“OutFITers Boutique is excited to find a bigger and better home in the heart of Concord,” said Maureen Beauregard, President of Families in Transition. “The greater our store’s capacity to provide affordable, high quality merchandise to customers, the greater Families in Transition’s capacity to continue the work of providing homes and building hope for the homeless in our community.”
Families in Transition is a nonprofit organization that provides safe, affordable housing and comprehensive social services to individuals and families who are homeless or at risk of becoming homeless, enabling them to gain self-sufficiency and respect. FIT also owns and operates two thrift stores in Manchester and Concord, NH which serve as an economic engine to help pay for services they provide. For more information about FIT, the stores, and the tax credit program, visit www.fitnh.org or call 603-641-9441.