Kansas City, Mo. – The Department of Economic Development (DED) shared news that it’s giving over $9 million in tax breaks to 46 groups for projects that help communities all over the state through the Neighborhood Assistance Program (NAP).
“The Neighborhood Assistance Program is supporting organizations that provide essential services for Missourians,” said Governor Mike Parson, according to the statement. “We’re pleased to strengthen communities through this program and look forward to seeing these awards improve lives across our state.”
Every year, the NAP hands out as much as $16 million, but each project can only get tax breaks of up to $250,000 at a 50% rate or $350,000 at a 70% rate. This year, the tax breaks were given out in two phases, with this announcement being part of the second phase that started in August 2023.
Groups that could apply included charities, schools, and businesses that fit the program’s rules. For the 2024 period, the focus was on helping groups that offer really important services, especially those in areas that haven’t gotten much help before. Throughout both phases this cycle, over $15.3 million in tax breaks were given out.
The full list of 2024 Round 2 NAP recipients and projects is available here.
“Recipients of the Neighborhood Assistance Program are creating positive change for communities statewide,” said Michelle Hataway, Acting Director of the Department of Economic Development. “We’re proud to partner with each of these organizations as they carry out their inspiring work and help Missourians prosper.”
About the Neighborhood Assistance Program (NAP)
The Neighborhood Assistance Program (NAP) is run by the Business and Community Solutions division. It encourages companies to donate to community projects by giving them some state tax credits. This program supports a variety of projects, including job training, fighting crime, community service, and fixing up local buildings and spaces. For updates on when you can apply, who can apply, and other common questions, check out the NAP webpage.