Six Monroe Programs Qualify for Neighborhood Assistance Act

MONROE, CT — Six local organizations have earned state Department of Revenue approval for the 2018 Neighborhood Assistance Act (NAA) program, The Monroe Courier has reported.

The NAA Program is designed to provide funding for municipal and tax exempt organizations by providing a corporation business tax credit for businesses who make cash contributions to these entities.

Businesses can receive a credit of 60 percent of their approved contribution to certain programs (or 100 percent in the case of certain energy conservation programs) approved by the state Department of Revenue Services.

The following programs were approved for inclusion in the 2018 NAA program:

• Monroe Playground Foundation for fund raising for the Kids Kreation Playground at Wolfe Park, with a cap of $150,000.

• Edith Wheeler Memorial Library for its sensory storytime program, with a cap of $2,200
• Monroe Conservation & Water Resources Commission for its pollinator garden (education and environmental benefits), with a cap of $2,000
• Monroe Volunteer EMS for its Stop the Bleed program, with a cap of $24,000
• Monroe Department of Community & Social Services for the Monroe Food Pantry, with a cap of $20,000; and Project Warmth, with a cap of $20,000.

Of the original 7 programs that applied for the NAA program, only the Monroe Performance Pavilion did not earn approval.

Business applications may be mailed, hand-delivered or e-mailed to NAAProgram@ct.gov by the October 1 deadline.

First Selectman Kellogg stated that “this program benefits both the business and the non-profit group. Community organizations are able to raise much needed funds to support community initiatives while the businesses are able to reduce their corporate tax liability.”

Businesses interested in contributing toward these programs may contact the First Selectman’s Office at (203) 452-2821 for more information.