Industrial development bonds:
The Nebraska Investment Finance Authority encourages economic and industrial development through the investment of private capital in the state. Eligible projects include land, buildings, and all real or personal property. Maximum maturity of bonds is 30 years. Counties, cities, and villages issue industrial development bonds limited to industrial facilities. The maximum issue period is 30 years.
The Nebraska Investment Finance Authority is the state-level issuing source for umbrella bonds.
Work Force Development Program:
The state's Work Force Development Program links the financial and technical resources of the Nebraska Department of Economic Development, the Department of Labor, and the 14 technical community college campuses throughout the state to provide custom-designed recruitment and training assistance. Businesses may receive assistance in the form of pre-employment training, on-the-job training, and specific tax credits.
The Heartland Capital Fund, a limited partnership, invests in and supports new and emerging growth businesses. The companies that the fund invests in must have unique products, processes or market positions supporting growth that would allow a public offering within three to seven years.
Nebraska Development Finance Service staff members work with companies in assembling government economic development finance programs with conventional financing for optimal comprehensive packages.
Nebraska Progress Loan Fund:
Loans to qualifying small businesses employing less than 750 FTE employees. The minimum loan to any one business will be $50,000.
The Local Option Municipal Economic Development Act authorizes incorporated cities and villages to appropriate and spend local sales and property tax revenues for certain economic development purposes. Such activities include supporting the startup, location, retention or expansion of qualifying businesses.
The Microenterprise Development Act provides financing and other assistance to companies of five employees or fewer.
Nebraska State Contact:
Nebraska Department of Economic Development
P.O. Box 94666
Lincoln, NE 68509
(402) 471-3111 or (800) 426-6505
Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.