Business Incentives
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Neligh passed the Local Option Municipal Economic Development Act LB 840 in November of 2011. This gave us access to ¼ percent sales tax to use for economic development. The Neligh Economic Development Office offers low interest and potentially forgivable loans to businesses that are looking to expand or start up in Neligh. If you would like to apply for a loan or are interested in hearing more about the program, either download the application packet or call the Economic Development Office.
Tax Increment Financing
Tax Increment Financing (TIF) is a public finance tool designed to spur redevelopment for municipalities. The property tax increases resulting from a development are targeted to repay public investment in a project. The City of Neligh will proactively use TIF to help assist new or expanding businesses. Please contact the Economic Development Office for more information. For more information regarding TIF please contact the Re-Development Authority of the City of Neligh.
Digital Facade Grant Program
Challenging times create creative opportunities. Neligh realizes we must compete in a digital marketplace for our businesses. The Digital Facade Grant Program helps businesses increase their digital footprint and accessibility to new customers, clients, and patients by expanding their marketplace. Grants for the program are $1,000.00 per business and include; website upgrades or creation, a point of sale system, and the development of an email platform just to name a few.
Facade Grant Program
The City of Neligh appreciates businesses investing in making their business look their best. Whether a Main Street business or something on the outskirts of town, the Facade Grant Program is a matching grant of up to $1,000.00 to help with a wide array of improvements, including sidewalk repairs, painting, new windows, and new doors. Don't know if your project is eligible? Contact the Neligh Economic Development Office.
AST Electric Incentive Program
The City of Neligh understands starting a new business can be a scary ordeal. To help you get started, we are offering an incentive to new Attraction, Start-Up, and Transitioned businesses. The Attraction, Startup, and Transition (AST) Electric Incentive discount amount will be 10% the first year and 5% the second year.
Rural Economic Development Loans and Grants
Since Neligh is a power generation town we have access to Rural Economic Development Loans and Grants (REDLG) through the Department of Agriculture (USDA). The City of Neligh has the ability to lend up to $350,000 at zero percent interest. As payments are made, the money will be placed into a revolving loan fund that the City can re-lend.
What types of projects are eligible?
Non-profit and public bodies that embark on projects that create and enhance jobs.
Visit the Rural Economic Development Loans and Grants website
Center of Rural Affairs
The Center for Rural Affairs' mission is to establish strong rural communities, social and economic justice, environmental stewardship, and genuine opportunity for all while engaging people in decisions that affect the quality of their lives and the future of their communities. Small business loans are available to farmers, food business entrepreneurs, startups, retail businesses, and other food supply chain businesses.
Visit the Center of Rural Affairs website
Nebraska Micro-enterprise Tax Credit
The Nebraska Advantage Micro-enterprise Tax Credit Act is administered by the Department of Revenue. The program provides investment tax credits (equal to 20 percent of the new investment, with a $20,000 lifetime limit) to applicants for creating or expanding micro businesses that contribute to the revitalization of economically depressed areas through the creation of new or improved income, self-employment, or other new employment in the area. For example, if you invest $50,000 in your business and meet a few other criteria, you are eligible for a $20,000 tax credit. Please visit the Nebraska Department of Revenue’s website for additional information or contact our office.