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Mercer And Livingston County Development Organizations Approved For NAP Funding

The Missouri Department of Economic Development announced $12.6 million dollars in grant awards to nonprofits through the Neighborhood Assistance Program. The program allows private sector funding to be leveraged for partial state tax credits to businesses that make contributions to approved community improvement projects. The tax credits are either 50 or 70 percent. There were 66 projects included in the award announcement.

The Mercer County Area Development Corporation will use donations to the program to establish a revolving loan fund for physical revitalization of the downtown and small business districts. The Mercer County Area Development Corporation was approved for 70 percent tax credits up to $70,000.

The Livingston County Community Development Corporation will use nearly $133,000 in donations for the continuation of the Main Street Chillicothe Program. The program include the facade renovation of downtown properties, a monthly visit to current downtown businesses to show support, and the solicitation of new business to the downtown. They were also approved for 70 percent tax credits.

During the Fiscal Year 2022 cycle, tax credits were reserved for organizations providing critical services, with priority given to projects providing job training, education, and those located in previously underserved areas of the state. Other project types include crime prevention, community service projects, and revitalization of community-based buildings and areas.

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