The Regional Economic Development Center (REDC) of Southern New Hampshire is pleased to announce a tax credit purchase from Boyle Energy Services & Technology, Inc. in the amount of $40,000 towards REDC’s Annual Capacity Program. The donation will allow REDC to continue to serve new and growing businesses through alternative lending and technical support within its territory. REDC’s Economic Development and Business Training Center provides a one-stop shop for entrepreneurs, existing businesses, lenders and community leaders seeking assistance to help them stimulate economic activities. The Center includes dedicated workspace for entrepreneurs as well as a Training Center classroom, with complete electronic support for training sessions sponsored by area business groups, trade associations, and educational institutions.
As part of their annual capacity building efforts, REDC has been selected as recipient of the NH Community Development Finance Authority (CDFA) Community Development Investment Program, which offers highly desirable tax credits to New Hampshire businesses that donate, through the purchase of credits, to a non-profit venture. It enables nonprofit community development organizations like REDC to utilize tax credits as a powerful fundraising tool. CDFA then allocates the credit to donors who were able to support a specific organization and project. The tax credit may be applied against the business profits tax, business enterprise tax, and/or the insurance premium tax.
About Boyle Energy Services & Technology, Inc. Boyle Energy Services & Technology (BES&T) is a technological leader in engineering services, offering the highest standard of plant commissioning service in the power, industrial, and OGP markets. With more than 500 completed projects on five continents, BES&T is a recognized innovator that excels at servicing the fertilizer, institutional, power, and refinery industries. Design-for-commissioning solutions use the BES&T proprietary SigmaCommissioning™ technology, engineered by industry pioneers. Founded in 1993, and from its New Hampshire headquarters, BES&T is the state’s third largest exporter. BES&T is the global leader in engineering smarter commissioning by providing unique solutions that increase clients’ value-based outcomes. For more information please visit www.boyleenergy.com.