23 Dec

Time is Running Out to Take Advantage of Tax Credits

Time is Running Out to Take Advantage of the State’s 50% Tax Credit

Donate to NewVue Communities by 12/31/16 and receive a 50% Tax Credit 

The Community Investment Tax Credit (CITC) is a refundable state tax credit aimed at forging new financial support and partnerships in support of community development corporations such as NewVue Communities. The CITC program enhances community support for the work of organizations like NewVue Communities. This program provides a 50% tax credit against Commonwealth of Massachusetts tax liability.

The CITC program is a refundable tax credit.

Donors will invest in the agency’s Community Investment Plan (i.e. our business plan) providing flexible working capital that can be used to seed new programs, fill funding gaps and leverage other resources and achieve maximum impact. If the donor does not have sufficient tax liability, the credit is refundable, whereby the Commonwealth will issue a check for the balance of the credit to the donor.

DONATE ONLINE TODAY

You can also make a CITC donation by calling or emailing:

Lisa Dutton-SwainResource Development Director
lds@nvcomm.org
Direct: 978-400-0171

12 Dec

Coat Connection

Have a coat you don’t need? You can drop it off at Burlington Coat Factory, 100 Commercial Rd., Leominster, Mass.  

NewVue Communities will make sure it gets to families in need.

If you are a nonprofit and need coats for your clients, please contact

Meredith Geraghty

Director of Community Organizing

978-342-9561 Ext. 120
978-400-0162
mgeraghty@nvcomm.org

31 Oct

Young treaters take to the streets in the Twin Cities

By Elizabeth Dobbins

Reprinted from the Sentinel and Enterprise

edobbins @sentinelandenterprise.com

The streets of downtown Fitchburg and Leominster were each filled with monsters and superheroes during the cities’ annual Halloween events on Saturday. “This is our downtown, and we want people to come down and really enjoy it,” said Tricia Pistone, project director of ReImagine North of Main, of the Fitchburg event. “Not just today but allyear long.” Children, parents and dogs wore costumes to trick or treat at local businessesin the downtowns

of both cities. For some, like Fran Henderson, manager of Coldwell Banker in Leominster, passing out treats to children is a yearly tradition.

“It’s fun. We do it every year,” she said. “I thinkit’s a great way to give back to the community.”

For others, including Fitchburg resident John Chevrette, venturing into the downtown of his city is a rarity.

“I just learned we have two Chinese businesses right next to each other, so I get to learn about the businesses as well,” he said.

“Yeah, there’s a lot of different things I didn’t know,” added his wife, Tanya Chevrette. “I didn’t knowthere was a tattoo parlor.”

The Chevrettes came with their three children, 12-year-old Max, 2-yearold Wednesday, and Frankie, who was dressed as Supergirl and celebrating her fourth birthday. Her favorite part of the day: “getting lollipops.”

Audrey Chow was standing outside her business, Curious Escape Rooms, which opened this summer in Fitchburg.

“(Escape rooms are) more of an adult thing but these kids were coming with parents and a few people have already askedfor our cards,” she said.

Halfway through the Fitchburg event, about 1,200 people had stopped by Main Street to trick or treat, get balloon animals and participate in Halloween activities.

The event was hosted by New Vue Communities, the city of Fitchburg, ReImagine North of Main and Fitchburg Pride.

In Leominster, children were also trick-ortreating with parents at downtown businesses following the annual Halloween parade.

The event brought Fitchburg residents Nick and Lori DiPrima and their two children todowntown Leominster.

“We come to a lot of the festivals,” Lori DiPrimasaid. “We like Halloween. We like all the holidays, especially the autumn,” Nick DiPrima said. “Autumn in New England is the best time of year.”

Donna LaPointe, branch service specialist, was passing out candy in front of Enterprise Bank in downtown Leominster. She said the afternoon was a family-friendly event.

“It’s gone wonderfully,” she said. “It was nice to see families getting together.”

Follow Elizabeth Dobbins on Twitter and Tout@DobbinsSentinel.

SENTINEL ENTERPRISE PHOTOS / ASHLEY GREEN

27 May

Small-business lessons from four who know Owners share advice at NewVue annual meeting

Reprinted from the Sentinel and Enterprise

By Anna Burgess, aburgess@sentinelandenterprise.com
UPDATED: 05/26/2016

FITCHBURG — At the NewVue Communities 36th annual meeting on Wednesday, NewVue Executive Director Marc Dohan emphasized the importance of economic success to community success.

Their organization was founded, he said, in response to the closing of many factories in the area.

“Economic development is in our blood,” Dohan said.

NewVue Communities also focuses on housing improvements, health and wellness of local residents, and community involvement, but this year’s annual meeting centered around small businesses.

NewVue accomplishments in the past year include counseling 109 businesses, and assisting 20 businesses to secure $2.1 million in loans.

Owners of four of these businesses — Fitchburg consignment store The Man Cave, Fitchburg and Leominster barber Luxury Cuts, Red Apple Farm in Phillipston, and Fitchburg restaurant Beemers Pub — spoke on a panel at the meeting.

They shared lessons from their experience as business owners. Here are their top three tips:

1. Do your homework before you open.

“You really have to get educated as much as you can,” said The Man Cave owner Marta Albizu.

Beemers owner Pete Cote said to be aware of business regulations ahead of opening.

“I don’t care what business you’re in, the government regulations are going to kill you if you don’t do your homework,” he said.

“And make sure you have a business plan, make sure you have a bank behind you, make sure you have enough money to open.”

Luxury Cuts owner Carlos Rosado said creating a business plan was important for “exposing the challenges” of the business, to better prepare for these challenges.

Albizu agreed, saying having a plan made her “more confident” when opening.

2. Get creative when tackling challenges.

Al Rose, the owner of Red Apple Farm, deals with unpredictable factors like the weather in operating his business. He can’t control the weather, so he has instead tried to diversify the business. This means diversifying location, like selling regularly at a market in Boston, and diversifying product, like making cider doughnuts and other year-round foods.

Albizu said a challenge she has faced in the past year is not generating enough revenue to be able to pay an employee besides herself.

Her creative solution, now in progress, is to work with Fitchburg State University students looking for business internship experience.

3. Use resources in the area.

All four business owners said working with NewVue Small Business Director Ray Belanger was a huge help.

Albizu said he helped her negotiate rent with the landlord, submit a loan application, and do other pre-opening work.

Rose said making a business plan with Belanger gave him “concrete goals and a concrete direction.”

Cote agreed.

Rosado also said he found North Central Chamber of Commerce a very helpful resource. He attended several of their workshops when he was first opening Luxury Cuts, and said he learned a lot about long-term financial planning for a business.

Rosado, who Dohan said was one of the first NewVue business clients, had one extra piece of advice for would-be business owners: “Pick something you love. If you don’t love it, you’ll quit when things get hard, and that shouldn’t be an option.”

Follow Anna Burgess on Twitter and Tout @AnnaBurgess18.