Community NAP credits aid neighborhood revitalization

Gov. Bob Holden announced today that more than 100 community-based organizations throughout the state will receive nearly $14.9 million in state tax credits to help raise funds for projects that strengthen and revitalize Missouri neighborhoods.

These not-for-profit organizations, which focus on revitalizing neighborhoods and improving communities, will receive state tax credits through the Neighborhood Assistance Program administered by the Missouri Department of Economic Development.

The program aims to help not-for-profit organizations raise private-sector funds by providing partial state tax credits to businesses that make contributions to approved community improvement projects.

"The quality of life in our communities has become a more significant factor in 21st century economic development efforts," said Holden. "The Neighborhood Assistance Program provides an incentive for businesses to get involved in the betterment of Missouri communities."

Not-for-profit organizations participating in the NAP program provide services to help individuals in their community with crime prevention; education; job training; and physical revitalization; or provides community services such as counseling, day care, senior citizen centers, recreation, food, and transportation.

Businesses can donate cash; materials, supplies or equipment; technical assistance and professional services; labor; real estate; or stocks and bonds.

Statewide there were 104 organizations approved for NAP. These organizations will receive tax credits that will leverage approximately $30 million in private contributions. Credits can equal up to 50 percent of the total amount contributed, or up to 70 percent for projects located in most rural areas.

Local organizations receiving NAP credits include:

Downtown Branson Main Street Association, Branson, $128,791

Hiding Place Ministry Inc., Branson, $12,600

Christian Associates of Table Rock Lake, Kimberling City, $122,648

1st Kids, Marshfield, $12,460

Big Brothers Big Sisters of The Ozarks, Springfield, $12,393

Boys & Girls Club Of Springfield Inc., Springfield, $249,922

Discovery Center Of Springfield, Springfield, $250,000

Legal Services Of Southern Missouri, Springfield, $78,858

NAMI Of Southwest Missouri Inc., Springfield, $29,104

Ozarks Area Community Action Corporation, Springfield, $60,000

Ozarks Literacy Council, Springfield, $69,030

Parenting Life Skills Center, Springfield, $60,000