YOUR BUSINESS AUTHORITY
Springfield, MO
The Missouri Department of Economic Development is awarding hundreds of thousands of dollars’ worth of tax credits to nonprofits in the southwest quadrant of the state.
The Neighborhood Assistance Program tax credits, which total $5 million in the statewide funding round, allow donors to receive tax incentives in exchange for contributions to the nonprofits, according to a news release.
Rogersville-based Horses of Hope – MO Inc. received the largest amount locally, at $350,000. The nonprofit plans to use the proceeds of the tax credits to support equine-assisted therapy for individuals who have behavioral disorders or have been subject to trauma. The nonprofit also received the most tax credits of the recipient organizations statewide.
By tax credit amount, the other Springfield-area recipients are:
• Children's Center of Southwest Missouri, Pierce City, $349,997 for the Lawrence County nonprofit to renovate and expand its Monett facility that provides a safe space for children during child abuse investigations;
• Elevate Lebanon, $315,896 for teaching soft skills necessary for employment;
• SWI Industrial Solutions Inc., $199,346 to renovate a sheltered workshop to employ more than 200 adults with disabilities;
• SeniorAge Area Agency on Aging, Seymour, $158,667 to create a warehouse to store food for older adults;
• Dogwood Ranch Corp., Rogersville, $118,993 for equine-assisted therapy for victims of child abuse and neglect;
• L-Life Food Pantry, Lebanon, $104,168 to provide emergency food to individuals and families in need in Laclede County; and
• Lane Change Inc., Lebanon, $50,318 to support its substance abuse recovery groups, case management and counseling and therapy.
The congregation at Crossway Baptist Church is building a children’s wing at the west end of the church, and beginning in 2024, it will be home to a Christian academy.