This free seminar will highlight the Neighborhood Assistance Program (NAP).
Paul Macknosky is the Director for the Pennsylvania Department of Community & Economic Development’s Northeast Region where he is the first point of contact for local agencies and municipalities regarding economic development programs.
Paul has a background on Wall Street and in Banking where he Co-Managed a $500 million Trust Portfolio. Before starting with DCED, Paul spent three years as a Finance Manager with The Northeastern Pennsylvania Alliance where he helped small businesses finance expansion projects and helped establish the NEPA Alliance Business Finance Corporation to deliver the SBA504 Loan Program.
Paul understands the need to develop broad based strategies to assist customers with community and economic development projects and has a deep knowledge of the financial tools available to help organizations move to achieve their goals.
Paul holds a BS in Marketing and Economics from Penn State University and is a Certified Credit Underwriter.
Neighborhood Assistance Program (NAP)
The Neighborhood Assistance Program (NAP) has served as a resource for nonprofits, businesses and neighborhoods for over 30 years. NAP includes five subparts: regular NAP, SPP (Special Priorities Program), NPP (Neighborhood Partnership Program), CFP (Charitable Food Program), and EZP (Enterprise Zone Program).
The goals of the Nieghborhood Assistance Program (NAP) are to promote community participation and collaborations among nonprofits, businesses and residents while producing outcomes which assist a distressed area or the low-income population in a neighborhood.
Tax Credits: Currently, a total of $36 million in tax credits is budgeted each year for the entire NAP. With the change in economic situations over the last several years, tax credit programs have become a more attractive resource for organizations and businesses looking to perform community-based improvement programs.