Business Incentives

Nebraska Advantage

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 for large data center projects, in addition to the benefits currently available for other tier 2 projects, for a 10 year personal property tax exemption for those projects. LB 1118 also allows a taxpayer to sign a single agreement for a tier 2 large data center project and sequential tier 5 project.

The Nebraska Advantage Act provides qualified companies:

  • Credits for qualified new investment.
  • Sales tax exemptions for qualified purchases.
  • Wage credits that may be applied to withholding.
  • Refundable tax credits for R&D expenditures.

Category: Business Incentives

More Business Incentives

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 and activities, and increas... Learn More
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 u... Learn More