DATE: Aug. 3, 2026 Contact:
Jaron Jenkins
Marketing Communications Manager
Meredith Village Savings Bank
603.279.9186
jjenkins@mvsb.com
FOR IMMEDIATE RELEASE
Community Development Tax Credits Help Kidworks Improve Accessibility and Capacity
MVSB (Meredith Village Savings Bank) is proud to support Kidworks Learning Center through the purchase of $25,000 in New Hampshire Community Development Finance Authority (CDFA) tax credits. The funding will help the nonprofit childcare center complete critical facility improvements that will expand access to quality, affordable childcare for families throughout the Lakes Region.
Kidworks Learning Center will use the tax credit funding to install a new exterior foundation drainage system and ADA-accessible ramp to address critical health and safety concerns impacting its ability to serve children and families. The upgrades will improve the center’s sustainability, create eight additional childcare spaces, and increase preschool enrollment.
“Reliable childcare is essential to the success of families, employers, and communities,” said Susannah Perron, MVSB Branch & Business Development Manager. “We’re proud to support Kidworks as they enhance their facility and expand access to quality childcare for lakes region families.”
“For 30 years, Kidworks has supported children at critical stages of growth while helping parents and caregivers work, attend school and stay active in the community. This project will strengthen our facility and allow us to continue serving families who count on Kidworks for safe, nurturing and consistent care,” said Jennifer Weeks, Executive Director of Kidworks Learning Center. “We are grateful for MVSB’s support and investment in our mission.”
Kidworks Learning Center is a nonprofit, charitable organization founded in 1996 to provide quality childcare and educational programs for children ages 6 weeks to 12 years. Go to kidworkslc.org to learn more.
Kidworks Learning Center has additional tax credits available and is seeking community and business support to help complete these critical facility improvements. Organizations interested in learning more about the tax credit opportunity can visit nhcdfa.org/safe-and-healthy-child-care.
CDFA tax credits allow businesses to fund qualifying economic or community development projects in exchange for a tax credit that can be applied against state business tax payments. The tax credits are administered by the New Hampshire CDFA. Any business with operations in New Hampshire that contributes to a CDFA tax credit project receives a New Hampshire state tax credit worth 75 percent of their contribution. The credit can be used over a period of five years to reduce the business’ state tax liability (business profits, business enterprise, or insurance premium taxes). The tax credit program allows New Hampshire businesses to use their state tax dollars to support local projects that they care about. CDFA reviews many project applications each year, and awards tax credits to those they determine are feasible and will make the biggest impact on economic development in the state. Visit nhcdfa.org for more information.
MVSB has been serving the essential banking needs of people, businesses, nonprofits and municipalities for over 150 years. As a mutual savings bank, MVSB has no stockholders but rather operates for the benefit of its customers, employees and community. Since our founding, one thing has always remained true: caring is at the heart of everything we do. By building and nurturing relationships, we believe that we can cultivate a community where we all thrive. It all starts with caring about our customers and neighbors. To learn more, visit any of the local branch offices located in New Hampshire in Alton, Ashland, Center Harbor, Exeter, Gilford, Laconia, Melvin Village, Meredith, Moultonborough, North Conway, Plymouth, Portsmouth, Rochester or Wolfeboro, call 800.922.6872 or visit mvsb.com.
Caption: From left, Ted Fodero, Kidworks Board President; Susannah Perron, MVSB Branch & Business Development Manager and Kidworks Board Treasurer; and Jen Weeks, Kidworks Executive Director. Courtesy Photo
