LOCAL BUSINESSES AID NONPROFIT THRIFT STORE EXPANSION THROUGH TAX CREDIT PROGRAM
FOR IMMEDIATE RELEASE
July 17, 2011
For more information, contact: Michele Talwani – (603) 641-1143 ext. 322
Area organizations come together to support growth of OutFITters Thrift Store Boutique in Concord and enhance housing & services for the homeless
CONCORD, NH – Families in Transition (FIT), a Manchester and Concord-based homeless housing and services provider, is the recipient of $27,000 in donations from People’s United Bank, Laconia Savings Bank, Northway Bank, Checkmate Workforce Management Solutions, Foothills Physical Therapy, and Peter Brankman CPA through the New Hampshire Community Development Finance Authority (CDFA) Tax Credit program. The donations will fund the expansion and relocation of OutFITters Thrift Store Boutique in Concord and help combat homelessness by enhancing Families in Transition housing and programming.
Since opening in November of 2009, the OutFITters Thrift Store Boutique has become a popular retail destination in Concord’s Bicentennial Square, providing shoppers with new and gently used upscale women’s clothing, shoes, and accessories. The thrift store is a sustainable revenue stream for Families in Transition.
In as early as August, OutFITters will expand, 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.
Each donating business has a presence in or near downtown Concord, and is committed to the area’s revitalization. The businesses have given in the following amounts: People’s United Bank, $10,000; Laconia Savings Bank, $5,000; Northway Bank, $5,000; Checkmate Workforce Management Solutions, $3,000; Foothills Physical Therapy, $3,000; and Peter Brankman CPA, $1,000.
“It’s wonderful to see the community come out to support the store and agency in our efforts to improve the quality of life for Concord’s most disadvantaged,” said Director of Economic Development & Marketing Michele Talwani. “Our store’s new home in the heart of downtown Concord will really enable us to grow and expand our outreach to improve our housing and services for the homeless.”
FIT has $48,550 worth of tax credits available for businesses that have a tax liability in New Hampshire and would like to target tax dollars that would be paid to the federal and state government anyway. For approximately 11% of the cost of the 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.
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.