Nebraska Economic Development Corporation (NEDCO)
State-chartered nonprofit corporation that provides long-term capital loans to businesses unable to secure regular bank credit. NEDCO can make long-term loans (up to 20 years) to eligible small businesses for fixed asset projects. Financing is limited to 40 percent of the project’s total cost up to $750,000 or $35,000 per job created or retained. Revolving loan fund financing is limited to $150,000 or 75 percent of the project cost not to exceed $15,000 per job created or retained.
Todd Mulliner
Special Assets Officer
Nebraska Economic Development Corporation
4445 South 86th Street, Suite 200
Lincoln, NE 68526
Category: Business Incentives
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Also part of the economic development package is the Microenterprise Development Fund Enhancement, which doubles the total support for technical assistance and loans for microenterprises to $500,000.
Purpose:
To assure that micro businesses realize the full potential to create jobs, enhance entrepreneurial skills...
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The Nebraska Advantage Package is Nebraska’s comprehensive economic development incentives that meet the needs of your expanding or relocating business. During the 2012 Legislative session, additional legislation was passed further enhancing Nebraska’s competitive incentives package. LB 1118 creates an additional tier 2 providing additional benefits...
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