The Register-Herald, Beckley, West Virginia

Money

May 11, 2014

Neighborhood Investment Program workshops are planned

The West Virginia Development Office (WVDO) will host two workshops to explain how eligible West Virginia projects can benefit from the Neighborhood Investment Program (NIP).

The workshops will be June 2, at the Charleston Civic Center and June 4 at the Waterfront Hotel, Morgantown.

Pre-registration is required. Participants are asked to register with WVDO by May 27 at WVDO.org/NIP.

On-site check-in for both events will begin at 1 p.m. Workshops will start promptly at 1:30 p.m. WVDO is presenting the workshop at no charge.

Organizations are not required to attend the workshop to apply.

However, attendance at the workshop is encouraged due to changes in the application for fiscal year 2015.

After the workshop, the guidelines and instructions for obtaining an application will be available on the NIP website: WVDO.org/NIP.

The workshop gives an overview of the benefits of NIP participation and provides guidance to complete a successful Fiscal Year 2015 application.

The deadline for submitting NIP applications is June 30, 2014. Applications must be received by that day in order to be considered.

NIP was established by the West Virginia Legislature to encourage investment in local projects benefiting low-income populations and distressed communities. To participate, qualified 501(c)3 organizations or 501(c)3 project sponsors must apply to the West Virginia Development Office.

After scoring and certification by the NIP Advisory Board, the nonprofit organizations or project sponsors are awarded tax credit vouchers to distribute to donors.

Businesses and individual taxpayers that contribute to certified projects can earn credits to reduce certain West Virginia taxes.

For additional information about the Neighborhood Investment Program, call the West Virginia Development Office at 800-982-3386 or 304-558-2234.

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