CMNH Receives CDFA Tax Credits
The Children’s Museum of New Hampshire (CMNH) is excited to share that they have been awarded $175,000 in Tax Credits from the New Hampshire Community Development Finance Authority (CDFA). CDFA awarded eleven nonprofits a total of $1.4 million in tax credit resources to advance their missions and implement community economic development initiatives. These tax credits have been granted to the Museum to help fund an expansion of the second floor. This expansion will add two new exhibit spaces, allowing CMNH to better serve children, families, and the community. The Museum will launch this project in 2024, with the goal of opening the additional 1,000 square feet of engaging activities in 2025.
“Organizations awarded Tax Credit resources have demonstrated a strong commitment to their communities,” states Katy Easterly Martey, Executive Director, CDFA. “These community builders are driving positive, long-lasting change in New Hampshire.”
“We’re thrilled to have this funding from CDFA to kick start our second floor facility expansion” states Museum President Jane Bard. “The two new exhibits we have in the works include one dedicated to our youngest visitors, ages 0-5, similar to our popular Primary Place, and another designed to be a creative open space for changing exhibits.”
The Museum has felt the pressure to adjust and grow to adapt to community needs. Current lack of childcare and preschool openings are bringing to light a demand for socialization and learning opportunities for children ages 0-5, as well as for their caregivers. As the Museum’s visitor numbers increase and community needs change, the new flexible space will allow CMNH to be responsive, not just through changing exhibits that can be catered to different age groups and interests, but also as a space to use for play groups, meetings, and school field trips.
Recent statewide data and feedback from Museum visitors also indicates an urgent need for resources to support child and family emotional wellbeing. Educational pieces related to social/emotional learning will be integrated into these new exhibits. CMNH is also in talks with local experts in the mental health field to evaluate existing exhibits in the Museum to discuss what kinds of changes could be made to support children and family emotional health in an approachable and age-appropriate way.
If you are a business that pays NH taxes and are interested in purchasing tax credits from the Children’s Museum of New Hampshire to support this exciting facility expansion, or have questions or would like to connect, please contact Monique Deforge, Director of Development, monique@childrens-museum.org, (603) 742-2002. More information about the tax credit program can be found on the CDFA website: www.nhcdfa.org.