News

State Announces Second Reverse Trade Mission
Sept. 7-10

"Bringing the World to Nebraska" is the mission of the State’s Second Reverse Trade Mission (RTM), slated for Sept. 7 through Sept. 10 in conjunction with the annual Nebraska Diplomats Passport to Nebraska Weekend.

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Nebraska Ranks #2 in U.S. Long Haul Freight Activity

Companies wanting to locate in high traffic hubs will find the U.S. second highest rate of long haul freight activity in the State of Nebraska.

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ATA Releases Latest Edition of American Trucking Trends

American Trucking Association has released the latest edition of its annual statistical compendium.

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Nebraska Ranks in the Top

Nebraska is the 2nd Healthiest State for Stress, according to the Associated Press' (AP) Economic Stress Index.

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Talent & Innovation Initiative Bills Signed

The Nebraska Legislature passed and Gov. Dave Heineman signed the final measures of a four-part legislative package into law, the Talent and Innovation Initiative, which is aimed at advancing business innovation and strengthening workforce recruitment efforts in Nebraska.

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talent & innovation initiative bills signed

The Nebraska Legislature passed and Gov. Dave Heineman signed the final measures of a four-part legislative package into law, the Talent and Innovation Initiative, which is aimed at advancing business innovation and strengthening workforce recruitment efforts in Nebraska. DED will implement the Initiative programs contained in the bills.

Based on 2010 recommendations made in a comprehensive review of Nebraska’s economic climate by the Battelle Technology Partnership Practice, the Talent & Innovation Initiative was developed to better leverage existing funds and enhance momentum in developing industries positioned to benefit from technology and innovation.

LB 386, the Nebraska Internship Program, introduced by Sen. Lavon Heidemann of Elk Creek, takes effect June 1. It is a partnership with Nebraska businesses to create new internship opportunities for college and university students. Funded with $1.5 million a year in job training funds, and matched by eligible companies, the program will create opportunities for 500 to 750 juniors and seniors studying at four-year institutions or students in their second year at a Nebraska community college to gain job experience.
Awards will be made on a first-come, first-serve basis to companies creating new internship opportunities, which are capped at 10 per business. Internships will pay at least minimum wage and range from 12 week to year-long programs.

LB 387, the Business Innovation Act, introduced by Sen. Galen Hadley of Kearney, is intended to help businesses develop new technologies to enhance quality job opportunities in the state. It will provide competitive grants for research at Nebraska institutions, new product development and testing, and help expand small business and entrepreneur outreach efforts.
It will expand grant opportunities within targeted industries to help businesses providing matching funds with prototype development, commercialization and applied research in the state and provide assistance for microenterprise projects. The law takes effect Oct. 1.

LB 388, the Site & Building Development Fund, introduced by Sen. John Wightman of Lexington, takes effect Oct. 1 and is intended to help increase industrial and commercial sites available and ready for business development. Communities will provide matching funds toward projects that can involve demolition, new construction and rehabilitation. State funding will be focused on land and infrastructure costs with 40 percent of funding available to non-metro areas.

LB 389, the Angel Investment Tax Credit, introduced by Sen. Abbie Cornett of Bellevue, is effective for the current tax year. It encourages investment in high-tech and other startup enterprises in Nebraska by providing refundable state income tax credits to qualified investors investing in qualified early-stage companies. Capped at $3 million annually, the program requires a minimum investment of $25,000 for individuals and $50,000 for investment funds. Eligible small businesses must have fewer than 25 employees, with the majority based in the state.