Neighborhood Assistance Tax Credit
The Allegheny Conference‘s Strengthening Communities Partnership, a program that engages the region’s business community to help build capacity and drive revitalization in underserved communities, has leveraged more than $12 million to support the seven communities participating in the program. These funds were leveraged by Allegheny Conference members through the Pennsylvania Department of Community and Economic Development’s Neighborhood Assistance Program (NAP).
For more communities across the region and state to be able to benefit from the NAP tax credits, the program needs to be expanded. The tax credits are capped at $18 million per year. In recent years, the Commonwealth has received more than $50 million in requests each year, all with corporate commitments behind them. The Greater Pittsburgh Chamber of Commerce is advocating for the expansion of the NAP tax credit from $18 million to $36 million per year.
Visit Strengthening Communities Partnership to learn more
View Recent Communications on the Neighborhood Assistance Tax Credit
- NAP Coalition Letter to House Finance Committee (May 2017)
- Pittsburgh Business Times column (September 2016)
- Pittsburgh Post Gazette letter to the editor (August 2016)
- Pittsburgh Business Times column (July 2015)
- “Our Region’s Business” interview (May 2016)
- NAP infographic