LOCAL FINANCING AND INCENTIVES
The Local Option Municipal Economic Development Act program uses city sales tax to offer assistance to new or existing businesses. Loans or grants may be applied for to help the business owner or entrepreneur with building expansion, building/business purchase, equipment purchase, workforce training, workforce housing and much more. Assistance with building facades and signage are also part of this program.
Tax Increment Financing
TIF is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects. TIF projects may be commercial, residential, industrial, or mixed use. TIF provides an avenue to attract private investment in designated redevelopment areas by enabling future increases in property taxes to pay for improvements only within that area. The City of Atkinson has been involved with TIF for many projects over the past several years, including an ethanol plant, a manufacturing firm, and a motel.
The City has three local banks that will work closely with Atkinson Economic Development to help borrowers get started.
Rural Enterprise Assistance Program (REAP)
Through REAP you can create a business plan, research potential markets and marketing ideas, discuss management issues with experienced business specialists, and apply for a small business loan. We have a local contact right here in the City!
Nebraska Business Development Center (NBDC)
NBDC helps Nebraska businesses grow and create new jobs through consulting and educational services to small and mid-sized businesses. Many services are free to the business owner or entrepreneur, and all are confidential and impartial. By helping build and grow successful businesses, NBDC contributes to Nebraska's high quality of life.
Nebraska Department of Economic Development
The Nebraska Department of Economic Development (NDED) is a vital resource for the community. NDED offers a wide range of financing and incentive options including:
***Nebraska Advantage - offers incentives including tax credits for businesses looking to expand or relocate. This is a multi-tiered program.
***State Trade and Expansion Program (STEP) - The STEP grant helps increase the number of small businesses that export
internationally and increases export value for those already doing so.
***Business innovation Act - provides funding to help businesses develop new technologies that lead to quality job opportunities across t
***Intern Nebraska Grant Program - provides financial assistance to employers creating new internships in Nebraska
***Angel Investment Tax Credit - encourages investment in high-tech and other start-up Nebraska enterprises by helping attract private
***Site and Building Development Fund - creates conditions favorable to improving Nebraska's industrial readiness which furthers
economic development and increases the general prosperity outlook for all Nebraska citizens
104 S. Main St., / PO Box 519 / Atkinson, NE 68713 / Ph: 402-925-5313 / Fax: 402-925-5780
This institution is an Equal Opportunity Provider and Employer.