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City of Atkinson


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LB840 Economic Development Program

Local Option Municipal Economic Development (LB840)

The Local Option Municipal Economic Development Act (LB840, 1991) authorizes incorporated cities and villages to collect and appropriate local tax dollars—including sales and/or property tax, if approved by the local voters—for economic development purposes.

‚ÄčIn May 2002, the citizens of Atkinson voted to adopt a one-half of 1 percent (1/2%) sales tax to fund the economic development program.

The act involves the formulation of the local economic development program plan. The plan forms the foundation for the collection and expenditure of local tax revenues for economic development and, if the voters approve the plan, the provisions of the local plan becomes the basis under which the municipality’s program operates.

The City of Atkinson invests LB840 funds for the purpose of attracting new industries and retaining or expanding existing businesses in Atkinson. 

Funds are offered to businesses in the form of low interest loans and performance-based forgivable loans (grants), based upon creation of new jobs and investment in Atkinson. Job creation criteria is detailed in the application, including wages and benefits. 

For more information, contact Atkinson Economic Development Director Amanda Sindelar at 402-925-5313 or amanda.sindelar@atkinsonne.com

Atkinson Economic Development Plan LB840 Business Loan Application
LB840 Property Improvement Program Guidelines LB840 Property Improvement Program Application


Other Local & Area Financing & Incentives

Tax Increment Financing

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. For more information contact the City of Atkinson at 402-925-5313 or info@atkinsonne.com.

Local Banks

The City of Atkinson has three local banks that will work closely with Atkinson Economic Development to help borrowers get started. The are:

Central Nebraska Economic Development 

The City of Atkinson is a member of the Central Nebraska Economic Development District (CNEDD). The organization assists with writing a business plan, financing, permits and much more. For more information visit https://cnedd.org/ or contact Judy Petersen, Executive Director for CNEDD, at 402-340-0106 or judy.petersen@cnedd.org.

Center for Rural Affairs

The City of Atkinson also partners with Central for 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. Individuals 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. For more information visit www.cfra.org or contact Lori Schrader, loan specialist for Center for Rural Affairs, at 402-870-7070 or lori@cfra.org.

State Incentives

Nebraska Business Development Center (NBDC)

Nebraska Business Development Center (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. For more information visit https://www.unomaha.edu/nebraska-business-development-center/index.php.

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 the state.
  • 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 funding.
  • 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

For more information visit https://opportunity.nebraska.gov/.

SourceLink Nebraska

SourceLink Nebraska is a statewide platform where anyone can search for nonprofit, education, and government resources related to economic and community development. In other words, SourceLink Nebraska is a one-stop shop for Nebraska entrepreneurs, existing businesses, and resource partners.

In 2018, the Nebraska Business Development Center (NBDC)Nebraska Extension, and Rural Prosperity Nebraska (RPN) collaborated to bring SourceLink® framework to Nebraska.

SourceLink Nebraska establishes core infrastructure for Nebraska’s economic development ecosystem, consequently elevating transparency and increasing accessibility of resources. Likewise, SourceLink Nebraska supports economic and community development in Nebraska by enhancing coordination of services statewide. This infrastructure will help to reveal and correct regional deficits in resource availability, while promoting collaboration between resource partners.

To receive information and assistance in working with SourceLink Nebraska to create a Personal Action Plan, please click here to fill out the online form - 
SourceLink Nebraska - Personal Action Plan