DED grants NAP tax credits to Kansas City not-for-profit organization

KANSAS CITY, MO - February 11, 2009 - (RealEstateRama) — The Missouri Department of Economic Development (DED) today announced approval of $160,932 in tax credits under the Neighborhood Assistance Program (NAP) for Operation Breakthrough, Inc., Kansas City.

Operation Breakthrough will utilize the tax credits to provide job training and job placement programs to benefit low-income parents and teens. Key features of the program include Substitute Teacher Institute, which is designed to train unemployed and underemployed individuals with a marketable skill; one-on-one counseling for low-income individuals to identify and obtain job training and job placement; and job readiness for teens. This includes job-shadowing opportunities and summer job placement with on-going counseling and guidance by Master’s-level social workers.

“I am pleased that we are able to assist Operation Breakthrough in their effort to assist the unemployed and underemployed with job training and job placement opportunities,” DED director-designee Linda Martínez said. “I look forward to hearing about the continued success of their programs.”

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.

Contact:

John Fougere
(573) 522-5058

Tagged as: Kansas City, tax credits

 

 

 

 

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