From the Governor
“Over the past four years, we have strengthened Nebraska’s place in the world with our four pillars for growth, which include developing our people; cutting the regulatory red tape; controlling spending so we can deliver tax relief; and promoting Nebraska both nationally and internationally. This has led us to back-to-back awards for the most economic development projects per capita of any state in the nation.” —Gov. Pete Ricketts
Creating Opportunity in the Cornhusker State
Agricultural commodities combined with state government support and interest from outside investors are helping drive Nebraska’s bioscience industry to new heights. The sector now supports more than 1,000 companies, 16,000 jobs and, according to Bio Nebraska, a $2 billion economic impact that has grown by nearly 7% since 2007. Recent announcements in the state include a $200 million production plant for Veramaris and an expansion of Merck Animal Health’s facility in Omaha.
Nebraska Advantage: Offers a variety of multi-tiered benefits starting for projects with a $1 million investment and 10 new full-time jobs. Includes components such as customized job training, R&D credit, microenterprise credit, community development block grants and tax exemptions.
Nebraska Customized Job Training Advantage: Offers grants of $800 to $4,000 per qualified new job to support training, needs and assessments, training plans, curriculum development, and instruction.
Nebraska Advantage Research and Development Credit: Offers 15% of the federal research and development credit, and up to 35% of the federal credit for expenditures on the campus of a college or university in the state.
Nebraska Advantage Microenterprise Tax Credit: Offers a 20% refundable tax credit to microbusinesses on increased compensation for employees or increased investment in communities.
Nebraska Department of Economic Development: opportunity.nebraska.gov
Lincoln Partnership for Economic Development: selectlincoln.org
Greater Omaha Chamber: omahachamber.org/economic-development
Highlighted Program or Initiative
The Developing Youth Talent Initiative helps connect seventh and eighth grade students to learn about opportunities in the manufacturing and IT sectors. The intent is to support and industry-defined approach to develop a youth talent pipeline for these occupations. Grant recipients have the opportunity to partner with schools to engage students in participation of hands-on career exploration and relevant workplace learning opportunities.
- Veramaris opened in July 2019 a $200 million production plant in Blair.
- Allman broke ground in May 2019 on a plant expansion in Holdrege which will include five new assembly lines, a prototyping lab and enhanced technological infrastructure
- Scoular announced in March 2019 it will invest $50 million in a new manufacturing facility and create 100 new jobs in Seward.
- Merck Animal Health opened the expansion of its Omaha facility in March 2019.
- As part of its $13 billion of nationwide investments announced in February 2019, Google announced it would construct a data center in Nebraska.
Four Fortune 500 companies headquartered in state:
Mutual of Omaha Insurance
Other big companies with operations in the state include:
TD Ameritrade Holding
“For 126 years, Scoular has invested in the people of Nebraska… It was clear to us following an extensive national search that Seward is an ideal community for us to join and grow together. We are excited to begin this process with the people of Seward.” —Paul Maass, CEO, Scoular