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.