Regional Review: The Plains States Enjoying Renewed Economic Health

Dan Calabrese (Location USA / April 2013)

Boasting low tax rates and aggressive recruitment programs, the Plains States point to major expansion projects as evidence of their economic health over the past year. These expansions, and the economic benefits that accompanied them, included significant foreign investment. More

Powerful Trends: Public Power Utilities Meet the Reliability, Cost, And Service Needs Of Demanding Customers

Steve Stackhouse (Q1 / Winter 2013)

By offering great rates, reliable service, energy-efficiency measures, and attentive service, public power companies are creating a win-win situation for their customers as well as the communities they serve. More

The Leading Inexpensive Cities for Business

Area Development Online Research Desk (October 2012)

The lowest cost of living on the C2ER Cost of Living Index among Area Development's Top 50 Leading Locations for 2012. More

KPMG CompetitiveTax Structures Study Stacks Large and Small U.S. Cities against the Global Competition

Area Development Online Research Desk (October 2012)

Of the 55 large international cities highlighted in KPMG's 2012 Competitive Alternatives: Focus on Tax report, three U.S. cities rank among the top 20; Cincinnati (16th), Baltimore (17th), and Cleveland (18th). More

Regional Review: Pro-Business Environment Invites Economic Success in Plains States

Dan Calabrese (August 2012)

Boasting low tax rates and aggressive recruitment programs, the Plains States point to major expansion projects as evidence of their economic health over the past year. More

The Leading Plains States Metros for Economic and Workforce Growth

Steve Stackhouse (August 2012)

Area Development ranks the Top MSAs in the Plains states for economic and workforce growth based on the overall results from our Leading Locations for 2012 study. More

Nebraska Basic Business Taxes 2012

Area Development Online Research Desk (2012)

Nebraska's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include employment and investment tax credits, the Enterprise Zone Act, and energy and fuel conservation tax credits. More

Nebraska Direct Financial Incentives 2012

Area Development Online Research Desk (2012)

Nebraska's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include the Local Option Municipal Economic Development Act, the Nebraska Investment Finance Authority, and the Heartland Capital Fund. More

NEBRASKA at a glance

POPULATION: 1,826,341 (2010)

LABOR FORCE: 976,862 (2010 annual average)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Agriculture, manufacturing

EXPANDING INDUSTRIES:Food processing, healthcare, telecommunications, travel and tourism

COLLEGE GRADUATES: (Age 25 and over) 27.4% (2009)

BASIC BUSINESS TAXES:
Corporate Income Tax: 5.58 percent on the first $50,000 and 7.81 percent on income of more than $50,000; based on federal taxable income attributable to Nebraska operations Corporate Organization Filing Fees: Based on firm's paid-up capital stock; rate ranges from $60 for $10,000 or less of authorized capital stock to $300 for more than $100,000 plus $3 per $1,000 in excess of $100,000; annual occupation tax also assessed

Sales Tax: 5.5 percent sales tax on gross receipts from retail sales and rental of tangible personal property; certain utilities; admissions; producing, fabricating, processing, printing, or imprinting; and lodging rentals for short periods

Use Tax: Tax on storage, use, or consumption of tangible personal property purchased at retail when the sales tax has not been paid

Property Tax: Levied by county and municipal subdivisions, including school districts; all property assessed at 100 percent of actual value; industrial sites located outside Nebraska cities normally taxed at a lower rate than property within city limits

BUSINESS INCENTIVES:

Industrial Development Revenue Bonds (low-interest financing)

Nebraska Investment Finance Authority

Economic Development Loan Program

Nebraska Development Finance Service (low-interest financing)

Nebraska Energy Fund

Small Business Innovation Research Program

Statewide SBA 504

Local development corporations

Skill Training Employment Program

Heartland Capital Fund Limited (seed capital)

Nebraska Enterprise Opportunity Network