Financing – The Nebraska Department of Economic Development can provide financial assistance (loans or grants) to qualified projects through the use of Community Development Block Grants (CDBG). There may be other state, local, or federal programs that could be accessed to support your project.
Customized Job Training – The Customized Job Training Program provides training assistance on projects that offer an opportunity for economic development in Nebraska. Use of the funds is limited to eligible companies and eligible training projects. In general, the types of companies qualifying are those engaged in activities that sell goods/services primarily to a non-Nebraska market: manufacturing, processing, warehousing, and headquarter facilities are some examples.
For more information on these and other state programs please visit http://www.neded.org/business
Many local communities may have the ability to assist with economic development project through the use of Tax Increment Financing (TIF) or through the use of local tax dollars, primarily from sales tax, to support an approved economic development program. This could provide assistance in the form of infrastructure improvements, job training, and financing.
Economic Development Incentive Electric Rate
Nebraska Public Power District has put into place a wholesale economic development rate for qualified projects that then allows the retail electric distributor to the project to offer a five-year discounted rate to the end-use customer. To qualify for the incentive rate a project must meet the all three of the following criteria:
1. Have a projected new or additional electric load of 1 megawatt or greater.
2. Have a minimum monthly load factor of 60 percent; and
3. Have entered into an agreement with the state or any political subdivision to provide an economic development project pursuant to state or local law, and must continue to meet its obligations under said agreement as determined by the state or political subdivision.
Need Help? Contact the NPPD Economic Development Team for assistance in understanding the benefits of these programs and to help guide you through the process.