Mission Possible Awarded Tax Credits for New Building

On Wednesday, the Missouri Department of Economic Development announced that it would award over $6.7 million in Neighborhood Assistance Program (NAP) tax credits to help non-profit organizations across the state with community development projects.

Mission Possible of Worth County was awarded tax credits under the program. They are planning to build a new building on the northwest corner of the Grant City Square. Previous plans included only a one level building. However, the current version includes a two level building for the Food Pantry, Thrift Store, and space for Community Services. It will be 5,252 square feet.

 Community Services is currently operating out of the building on the southwest corner of the Square across from Bears Lodge #26. They have been in several locations.

Mission Possible has currently outgrown their current facility on the east side of the Grant City Square. The Food Pantry is in the back of the building.

Northwest Missouri Enterprise Facilitation, which helps businesses in the area start or expand free of charge, was also awarded tax credits under the program. They serve several counties in the area, including Nodaway and Worth.

“Workforce development is a top priority of our Governor,” said Missouri Department of Economic Development Deputy Director Luke Holtschneider. “This program supports that initiative via strengthening Missouri’s communities by helping non-profit organizations raise private-sector funds. This is done by providing state tax credits to businesses that make contributions to approved community improvement projects.”

Donors can contribute 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 the most rural areas.

Eligible donors include businesses, individuals who operate a sole proprietorship, operate a farm, have rental property or have royalty, shareholders in an S-corporation, partners in a Partnership, or members of a Limited Liability Corporation.

Applications are now being accepted for the second round of NAP submissions, which must be postmarked no later than September 4 to be considered. Organizations can apply for one, two, or three year projects. Applications for the first round of NAP submissions were submitted in March and April 2019.