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    Tuesday, November 28, 2023

    Groton community projects seek $550K in tax credit program

    Groton ― Five community projects proposed by nonprofits have been approved for participation in the Connecticut Neighborhood Assistance Act Tax Credit.

    The awards are: $112,000 for Community of Hope; $13,600 for Malta Inc.; $126,500 for Sacred Heart School; $150,000 for St. Mark’s Episcopal Church; and $150,000 for Thames Valley Council for Community Action Inc.

    Lauren Post, economic development technician for the town, said the nonprofits must now find businesses willing to participate in the program. Under the program, businesses that contribute funding receive all or a portion of the donation in tax credits.

    Community of Hope, which has a supportive residential facility for women at risk, is seeking to make energy efficiency improvements to a building that will house meeting space for residents and offices.

    Malta, an organization that helps people facing homelessness, applied for the grant to bridge “gaps in area services that are crucial to people’s success in immediate needs or going forward in all areas of life including communication, safety and employment,” according to the application.

    Sacred Heart School’s project is for an energy efficient roof, and St. Mark’s, which already has installed solar panels, is proposing an electric heating system.

    TVCCA is proposing energy efficiency components of a proposed child care facility on Central Avenue.

    Marchell Magxaka, planner for the town, said Groton nonprofits have done well in applying to this program, but over the years the challenge has been the business side collaborating with the nonprofits. He said the town has been working to get information out to businesses, so that if they want to contribute, they are successful.

    The application deadline for businesses is no later than Oct. 1. More information is available at: https://portal.ct.gov/DRS/Credit-Programs/Neighborhood-Assistance/Neighborhood-Assistance-Act-Tax-Credit-Program


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