ASHLAND, Neb. (AP) — State officials say they’re looking to improve and expand the Nebraska Advantage Act, which gives qualified businesses state incentives.
Gov. Pete Ricketts said Thursday that Nebraska Department of Economic Development Director Courtney Dentlinger and other state officials are meeting with Chambers of Commerce and businesses across the state to brainstorm different ideas to keep businesses in the state and attract additional ones.
The incentives are based on the dollar amount of investment in Nebraska and number of jobs created, starting at $1 million in new investment and 10 new jobs.
Businesses are offered a wage credit and partial refund of sales taxes paid on qualified capital purchases. They can also be granted personal property exemptions for things such as ag-processing machinery and planes.