ST LOUIS MO NEWS (stlouismo.com) — Governor Matt Blunt announced today that the Missouri Department of Economic Development (DED) has approved Neighborhood Assistance Program (NAP) tax credits for two Branson not-for-profit organizations totaling $461,043.
Boys & Girls Club of the Ozarks, Branson, has been approved for $234,887 in NAP tax credits. The NAP tax credits will be utilized to assist club members in completing their high school education or obtain a GED. This project will enable club members to become contributing, self-sustaining members of the community.
K-Life Taney County, Branson, has been approved for $226,156 in NAP tax credits. The NAP tax credits will be utilized to reduce crime and delinquency among youth through a variety of program offerings. These programs will be offered in Bradleyville, Branson, Hollister, and Kirbyville.
The DED administers the Neighborhood Assistance Program that helps not-for-profit organizations raise private-sector funds by providing partial state tax credits to businesses that make contributions to approved community improvement projects.
Businesses can donate cash, materials, supplies or equipment; technical assistance and professional services; labor; real estate; or stocks and bonds. Credits can equal up to 50 percent of the total amount contributed or up to 70 percent for projects located in most rural areas.
Not-for-profit organizations participating in the NAP program conduct capital campaigns or provide services in the areas of crime prevention, education, job training, physical revitalizations, or community services. The Neighborhood Assistance Program is utilized by not-for-profit organizations throughout Missouri to make their communities a more desirable place to live and work, as well as pave the way for economic development.
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