Ozarks Food Harvest awarded $250K in tax credits

The Missouri Department of Economic Development has approved Ozarks Food Harvest for $250,000 in state tax credits.

With the Neighborhood Assistance Program tax credits, Ozarks Food Harvest will provide food to its 250 community partners. Through its network, the Springfield nonprofit food bank distributes approximately 10 million meals annually, according to a news release.

Ozarks Food Harvest was part of roughly $6.6 million the DED approved yesterday for a second round of NAP funding this fiscal year. Last month, the DED approved $62,132 in tax credits for Bridgeton-based Missouri Baptist Children's Home's Children & Family Ministries and $159,394 for Mansfield Area Community Betterment Organization.

Through NAP, nonprofits can utilize tax credits to aid communities with crime prevention, education, job training, physical revitalization or community service. Businesses can donate cash, materials, supplies, equipment, technical assistance, professional services, labor, real estate, or stocks and bonds. According to the DED, tax credits can equal up to 50 percent of the amount contributed or up to 70 percent in rural areas.