7.80 out of 10 in Taxation and Regulation
7.60 out of 10 in Workforce Quality
7.60 out of 10 in Living Environment
Right to Work? ✓
Looking to Tech for Growth
While the state logged a negative growth rate in the first part of the year due to declines in the agricultural industry, sectors such as manufacturing and tech are showing robust growth. The development of data centers is also gaining momentum. Facebook recently announced it will construct a $307 million, 450,000-square-foot data center south of Papillion. In the past couple of years, Yahoo has also expanded its data center presence in the state, and Travelers opened a $200 million data center in 2015.
From the Governor
“Everything that occurs around economic development boils down to relationships….I call companies directly. You have to develop these relationships, and that is part of why I take a hands-on role.” —Gov. Pete Ricketts
Agriculture, Biotech, Energy, Logistics, Medical Research
Nebraska Advantage: Tiered program offering a variety of sales tax refunds, jobs credits, investment credits and personal property tax exemptions.
Nebraska Advantage R&D Credit: Offers a refundable tax credit equal to 15% of the federal credit for qualified R&D activities for up to 21 years.
Customized Job Training Advantage: Offers flexible and discretionary grants of up to $4,000 per qualified new job, with additional funds available in rural and high-poverty areas.
Rural Development Advantage: Provides refundable tax incentives for projects that create jobs and invest in counties with small populations.
Sales Tax Exemptions: Offers sales tax exemptions on manufacturing equipment, manufacturing or processing raw materials, common carrier vehicles and utilities used in manufacturing.
Nebraska Department of Economic Development: opportunity.nebraska.gov
Southeast Nebraska Development District: sendd.org
Northeast Nebraska Economic Development District: nenedd.org
Lincoln Partnership for Economic Development: selectlincoln.org
Highlighted Program or Initiative
The Developing Youth Talent Initiative fosters partnerships between private industries and public schools to connect young students to careers in the manufacturing and technology sectors.
- Becton, Dickinson and Co. announced in September 2016 a $100 million expansion of its syringe manufacturing operations in Holdrege.
- Facebook announced in April 2017 it will construct a $307 million data center and create 1,000 new jobs in Sarpy County.
- Cargill opened a $111 million, 160,000-square- foot cooked meats facility in April 2017 in Columbus.
- Costco and Lincoln Premium Poultry broke ground in June 2017 in Freemont on a $300 million chicken processing facility that will create 800 new jobs.
Five Fortune 500 companies headquartered in state, including:
Peter Kiewit Sons’
Mutual of Omaha
“A permitting process that can take months in other states can now be completed in a matter of days, right here, in Nebraska….It’s because of this and the talented people in this great state that we are at home here and continue to grow our business in Nebraska.” —Mike Coleman, Senior Director of Data Center Operations, Yahoo
“Everything here has been as advertised from a committed set of community partners and strong pool of talent to the opportunity to power our facility with 100% renewable energy. The Cornhusker State is a great place to do business.” —Tom Furlong, Vice President of Infrastructure, Facebook
“When we came to Nebraska…there were two things that really jumped out at me one was the level of coordination between all levels of government and nongovernment organizations—we were thrilled with the turnout at the meetings and the level of support.” —Jonathan Luz, Director of Strategic Planning, Costco