Tax credit helps YMCA expansion

1 month 4 days 22 hours ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 7:48:00 AM CST December 15, 2018 in News
By: Ethan Burks, KOMU 8 Reporter
loading

ASHLAND - The Southern Boone Area YMCA will build a new 15,714 square-foot facility in the next two years, if they receive more funding.

The Missouri Department of Economic Development (MoDED) announced it will give $7.57 million to non-profit organizations this month, and the YMCA is one of the benefactors.

"It was a long and strenuous application that we had to apply for, but we are very grateful for the program's help," YMCA branch director Kip Batye said.

The money will come from the Neighborhood Assistance Program (NAP), which gives businesses a tax credit for donating to non-profits. Businesses under the NAP will receive 50-70 percent of their donation back through state tax credits.

"Businesses can donate cash, materials, supplies or equipment; technical assistance and professional services; labor; real estate; or stocks and bonds," said MoDED's website. 

The website said any of those donations will qualify businesses for the tax credit.

"We will get $350,000 from the NAP and that money goes directly into the construction of our new facility," Batye said. 

The YMCA needed to expand because the current building is too small, Batye said.

"We have outgrown the space, so we purchased 15 acres of land here in town to build a new facility that will be able to support our 2,400 members," Batye said. 

The new building will have several new amenities including a reception and common area, fitness center, multipurpose room, child watch room, yoga studio, administration area and locker rooms.

"It's basically the same set-up, but on a much larger scale and with newer equipment," Batye said.

Batye said their goal is to raise $2.8 million and with the NAP donation, along with  donations from other parties, they have raised $1.1 million to-date.

"We hope to raise the rest in the next few months and hopefully break ground sometime in the Spring of 2019," Bayte said.  

More News

Grid
List
(CNN) -- President Donald Trump proposed extending protections for Deferred Action for Childhood Arrivals recipients and individuals with Temporary Protected... More >>
33 minutes ago Saturday, January 19 2019 Jan 19, 2019 Saturday, January 19, 2019 3:51:44 PM CST January 19, 2019 in News
WASHINGTON (AP) — Seeking a shutdown solution, President Donald Trump was expected to announce Saturday that in exchange for money... More >>
1 hour ago Saturday, January 19 2019 Jan 19, 2019 Saturday, January 19, 2019 2:34:46 PM CST January 19, 2019 in News
DOVER AIR FORCE BASE, Del. (AP) — A solemn procession. A long salute. A chaplain's prayer. President Donald Trump... More >>
2 hours ago Saturday, January 19 2019 Jan 19, 2019 Saturday, January 19, 2019 2:12:13 PM CST January 19, 2019 in News
KANSAS CITY (AP) — Now that Missouri is entering the medical marijuana industry, two Democratic lawmakers from Kansas City want... More >>
4 hours ago Saturday, January 19 2019 Jan 19, 2019 Saturday, January 19, 2019 11:33:37 AM CST January 19, 2019 in News
INDEPENDENCE (AP) — A 36-year-old woman who worked for a subcontractor at the Lake City Ammunition Plant in Independence admitted... More >>
6 hours ago Saturday, January 19 2019 Jan 19, 2019 Saturday, January 19, 2019 10:09:12 AM CST January 19, 2019 in News
SUNRISE BEACH - One man is dead after an ATV crash early Saturday morning. According to an online crash... More >>
7 hours ago Saturday, January 19 2019 Jan 19, 2019 Saturday, January 19, 2019 8:29:00 AM CST January 19, 2019 in News
ST. LOUIS - A Missouri man was one of the four Americans killed by a suicide bomber in Syria on... More >>
20 hours ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 7:49:00 PM CST January 18, 2019 in News
COLUMBIA - Animal control is urging pet owners to keep their pets inside or in a safe shelter during the... More >>
23 hours ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 5:02:00 PM CST January 18, 2019 in News
COLUMBIA - The Salvation Army is providing food assistance for furloughed federal workers through their food pantry. Food assistance is... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 3:27:00 PM CST January 18, 2019 in News
COLUMBIA - A man already facing charges of sexual misconduct for an incident in May 2018 now faces an additional... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 1:56:00 PM CST January 18, 2019 in News
JEFFERSON CITY - The Missouri Department of Corrections and Governor Parson announced Friday a new plan to address staffing shortages... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 1:50:00 PM CST January 18, 2019 in News
COLUMBIA - An individual has been pronounced dead after a house fire Thursday night at 1203 Lakeview Avenue. Firefighters... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 1:46:00 PM CST January 18, 2019 in News
ST. LOUIS (AP) — A Missouri congressman has apologized for yelling "go back to Puerto Rico" at Democrats on the... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 12:08:00 PM CST January 18, 2019 in News
KINGDOM CITY - Callaway County deputies arrested a juvenile in connection to a threat made against students at North Callaway... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 10:30:00 AM CST January 18, 2019 in News
HILLSBORO (AP) — An eastern Missouri police chief has resigned and an officer has been terminated amid an investigation into... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 9:45:00 AM CST January 18, 2019 in News
HARRISONVILLE (AP) — A lawsuit alleges that a former Missouri high school coach had an inappropriate sexual relationship with a... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 9:35:00 AM CST January 18, 2019 in News
MONITEAU COUNTY - Deputies arrested a Tipton man Thursday in connection with a pair of burglaries from around the county.... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 8:56:00 AM CST January 18, 2019 in News
COLUMBIA – Across Mid-Missouri, MoDOT crews are making final preparations to ensure they are ready to take on this weekend’s... More >>
1 day ago Friday, January 18 2019 Jan 18, 2019 Friday, January 18, 2019 7:24:00 AM CST January 18, 2019 in News
Columbia, MO
Broken Clouds 23°
5pm 22°
6pm 21°
7pm 19°
8pm 18°