DED awards $120,908 in NAP tax credits to Good Samaritan Center of Excelsior Springs, Mo., Inc.
John Fougere, (573) 522-5058
EXCELSIOR SPRINGS – The Missouri Department of Economic Development (DED) today announced that an Excelsior Springs not-for-profit organization has been approved for state tax credits under the Neighborhood Assistance Program (NAP). The project is a part of approximately $4.6 million approved in tax credits in the first round of NAP applications for FY 2013.
The Good Samaritan Center of Excelsior Springs, MO., Inc., has been approved for $120,908 in NAP tax credits. The Good Samaritan Center of Excelsior Springs will direct donations received as part of this NAP project to the Safety Net to Stability program. The program provides emergency food assistance, case management and referral, life skills and GED classes, and emergency utility, medical, and transportation assistance, to stabilize households in crisis and provide the skills necessary for self-sufficiency.
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.