Neighborhood Assistance Program Business Options

Neighborhood Assistance Program (NAP) Options for Businesses Participation

Neighborhood Assistance Program (NAP) 55%

An opportunity for businesses to contribute to neighborhood organizations to improve distressed communities, in turn receive a 55% tax credit. This program encompasses all approved projects in NAP. A separate sub-division of this program is the Charitable Food Program (CFP) which allows for Regional Food Banks and other non-profits including food pantries, soup kitchens shelters, feeding centers or emergency food providers assisting with food shortages, and food insecurity for the homeless, victims of domestic violence and the nutritionally needy.

Special Program Priorities (SPP) 75%

This program targets on specific problems and projects which the state has designated as priorities in a distressed area. The tax benefit to a business contributing to an approved SPP application would be eligible for a 75% tax credit.

Neighborhood Partnership Program (NPP) 75-80%

Based on the Community/Strategic Plan, a neighborhood organization working holistically on multiple projects, form collaborations for success. Businesses commit to the project for five years (75% tax credit) or six years (80% tax credit), with a minimum contribution of $50,000. The minimum application is $100,000.

Enterprise Zone Program (EZP) 25%

This program is open to for profit businesses working in distressed areas within a designated Enterprise Zone or is within a current Keystone Main Street or Keystone Community as identified by the Department. Qualified businesses making approved investments may be eligible for a 25% tax credit.

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