YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The Missouri Department of Economic Development on Aug. 23 approved more than $2.3 million in Neighborhood Assistance Program tax credits for 14 not-for-profits across the state. The DED program helps organizations raise private-sector funds by providing partial state tax credits to businesses that make contributions.
In Springfield, $250,000 was approved for the local Boys & Girls Club. The funds will be used to fund its GED program for adolescents and to provide risk-awareness programs on drugs, alcohol, tobacco and sexual activity. The Good Samaritan Boys Ranch in Brighton will receive $350,000 for facility renovations, and the Seymour Branch YMCA will receive $350,000 for the construction of an aquatic center.
Businesses can donate cash, supplies, equipment, technical assistance, professional services, labor, real estate, stocks or bonds. Donating businesses will receive tax credits at a 70 percent credit level.
This story originally appeared in SBJ’s Aug. 24 free e-news Daily Update. Click here to register.
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