The Lamprey Arts & Culture Alliance (LACA) signed the lease and announced $98,000 has been committed by local businesses in support of the upcoming civic center for arts, history, and culture to be located in the Newmarket Mills. The money raised through the sale of tax credits in association with the NH Community Development Finance Authority (NH CDFA) will immediately go to establishing the life safety features needed to open its doors to the public. Eventual plans for the civic center include a theater, lobby, gallery, box office, conference room, large function area, and concessions cafe.
“We are on the move,” says LACA board member John Herman. “This civic space was always part of the mill renovation plan. Years of planning are paying off. Now local businesses are taking the lead in support of the project. It is only a matter of time before the public will be able to enjoy it.”
Leading patrons in support of the civic center is Access Sports Medicine & Orthopaedic Medicine with a commitment of $50,000. Other patrons include Chinburg Properties, The Boston Educational Foundation, and Proulx Oil & Propane. Donors include Caprioli Painting and The Pao Café.
“It has been wonderful to see the growth and economic revitalization that has resulted from the improvements made to the mill buildings in Newmarket,” says Joshua Siegel, MD, Director of Sports Medicine at Access Sports Medicine & Orthopaedics. “The community continues to be an outstanding destination for progressive companies and retailers to set-up shop and grow their businesses. We are happy to contribute to the Millspace Civic Center project and look forward to witnessing the continued development of the cultural center and the positive impact that it will have on the future of Newmarket.”
The Millspace project was given a unique opportunity by the NH CDFA to help regional businesses significantly increase their community impact by leveraging the tax dollars they pay to the state and federal government. Similar programs have supported community projects across the state.
For over 150 years, the Newmarket mills were a bustling center for manufacturing. Now brought back to life by redevelopment, the mills will host a dynamic civic center dedicated to creative and cultural exploration. Organizers invite the public to learn how the upcoming Millspace civic center for art, culture, and heritage can help local businesses prosper. An Info Night for Community Businesses will be held Thursday, June 7th at 6:30pm at Ampers& Studio, 125 Main Street in Newmarket. The event is free and open to the public.
One-time spaceflight candidate and Millspace committee member John Herman will host the evening that will include refreshments and a tour of the space. According to Herman, there is a lot to look forward to. “In the coming years, the Millspace will host workshops, art installations, film festivals, and live theater. Local artists like me are very excited.”
Newmarket business owner Matthew Carano adds that the civic center will become a key cornerstone of local tourism. “Its health will become a core element of community and local business prosperity,” says Carano, who also serves as chairperson of the organizing team, a sub-committee of the Lamprey Arts & Culture Alliance.
Plans for the civic center include a theater, lobby, gallery, information desk, meeting room, large function area, and concessions cafe. Learn more about the upcoming center and take a look at a virtual walk-through at millspace.wordpress.com
(Newmarket Mill in 1912 –100 years ago!)
The Newmarket Millspace Project has a unique opportunity to help a company significantly increase their community impact by leveraging the tax dollars they’d pay to state and federal government anyway. For a limited time, businesses are invited to invest their tax dollars to the Newmarket Millspace project in exchange for a 75% state tax credit through the NHCDFA Tax Credit Program. The 75% tax credit can be applied against any or all three of the business profits, business enterprise, or insurance premium taxes. A contributing business that makes a $100,000 cash investment will receive a state tax credit in the amount of $75,000. After federal tax benefits are accounted for, the contribution actually costs the company approximately 15% of the $100,000, or $15,000. So, a contributing business that makes a $10,000 cash investment will receive a tax credit in the amount of $7,500. After federal tax benefits are accounted for, the contribution actually costs the company about 15% of the $10,000, or $1,500. Again this helps the large and small business donors to have a big impact in a community by leveraging the tax dollars they would pay to the state and federal government anyway. This tax credit award was applied for in a very competitive environment. The NH Tax Credit Program is unique. It is not an entitlement. Contributions cost as little as $0.15 per $1.00 contributed after taking into account: Tax Credit, NH Business Profit Tax Savings, and Federal Income Tax Savings.
Contact us for more information on how you can make a significant impact in the community with the tax credit program.
A full house experienced the magic of old time radio as Charles Dickens’ “A Christmas Carol” was staged at The Stone Church Music Club to benefit the Millspace Project. Longtime radio and television personality Mike Pomp lead a lively cast in the role of Ebenezer Scrooge. $1500 was raised to benefit the Newmarket Millspace, an upcoming center for arts, culture and heritage in the renovated Newmarket Mills.
“As early as this year, Newmarket residents may see a “community living room” emerging downtown. As part of the plans to bring life back into the historic mills complex, a 5,400-square-foot area will be dedicated for creative and cultural use by the public. How this space will be used will be largely determined by Newmarket residents.” Read more: “Plans for civil space progress” by Liz Markhlevskaya, SeacoastOnline
The video walk-through was created by Sheerr McCrystal Palson Architecture inc. Just imagine the incredible things that can happen in the space! We can’t wait.
Edwin M.Kimball, Downtown Newmarket (1895)
On Wednesday, October 13th at 2:15 pm, the NCDC signed the sales agreement for the Newmarket Mills to Eric Chinburg of Newmarket Mills LLC. Our board president, Mike Provost, was fortunate to be there and witness the sales agreements including a lease for our upcoming civic space for 99 years at $1 per year (with an option to renew for another 99 years at $1 per year). Provost immediately paid the first year, which was promptly returned as a donation.