#20 Nebraska


From the Governor

“You want to make sure every young person born in the state has the same opportunities you have had to pursue the American dream…. The vision for my administration is to grow Nebraska. And by that, I mean to create more and better-paying jobs, keep our kids and grandkids here [and] attract other people from around the country and the world.” —Gov. Pete Ricketts


Creating New Opportunity in the Cornhusker State

Nebraska has been spinning its agricultural assets into a thriving biotech sector and growing its manufacturing base. Veramaris, a joint venture of DSM and Evonik, is constructing a $200 million facility to make Omega-3 fatty acids from natural marine algae. Prairie Catalytic also opened in September 2018 a $50 million biobased ethyl acetate production facility in Columbus. And in Lincoln, Kawasaki Motors will fabricate and assemble more than 1,600 New York subway cars, starting in 2021.

From the Governor

“You want to make sure every young person born in the state has the same opportunities you have had to pursue the American dream…. The vision for my administration is to grow Nebraska. And by that, I mean to create more and better-paying jobs, keep our kids and grandkids here [and] attract other people from around the country and the world.” —Gov. Pete Ricketts

Key Contacts

Office of Economic Development

David Rippe, Director of Department
402-471-3125
301 Centennial Mall South
P.O. Box 94666
Lincoln, NE 68509-4666
dave.rippe@nebraska.gov
http://www.neded.org/index.php

Key Incentives

Angel Investment Tax Credit: Offers a refundable state income tax credit for investors in early-stage companies based in Nebraska with more than 51% of their employees in the state.

Customized Job Training Advantage: Offers grants of $800 to $4,000 per qualified job for flexible and discretionary job training.

Nebraska Advantage Act: Offers multi-tiered benefits for companies that invest and create jobs in the state. Ranges from Tier 1 with $1 million new investment and 10 new full-time jobs to Super Tier 6 with $103 million investments and 50 new full-time jobs.

Nebraska Advantage Research and Development Credit: Offers a refundable tax credit of 15% to 35% for R&D expenditures in the state.

Rural Development Advantage: Offers refundable tax incentives for projects that invest and create jobs in rural areas.

EDCs

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

In August 2018, Gov. Pete Ricketts announced the Nebraska Governor’s Council for International Relation’s strategic plan for international engagement. The long-term strategy for growing the state’s international investment and trade business profile identified several main areas targeted for concerted growth initiatives. This includes a strategic, five-year trade mission schedule, new education and training opportunities to grow state exports, a network of goodwill ambassadors and partnerships with educational institutions.

Big Deals

  • Costco announced in January 2018 it will construct a $400 million chicken processing plant in Fremont.
  • Kawasaki Motors announced in February 2018 it landed a $3.6 billion contract to manufacture 1,612 subway cars for the New York City Transit Authority. The cars will be fabricated and assembled in the Lincoln plant, with mass production beginning in 2021.
  • Pacific Engineering opened in August 2018 a 20,000-square-foot expansion of its R&D and production facilities in Roca, adding 20 new jobs.
  • Prairie Catalytic opened in September 2018 a $50 million biobased ethyl acetate production facility in Columbus. The project will create 20 jobs.
  • Veramaris is nearing completion of a $200 million facility in Blair to make Omega-3 oil from natural marine algae.

Big Companies

Five Fortune 500 companies are headquartered in the state:

ConAgra Foods
Berkshire Hathaway
Union Pacific
Kiewit
Mutual of Omaha

C-Suite Testimonials

“With the state funds we’ve received through DED, PEI has been able to supplement the Navy’s SBIR investment into our company, allowing us to reduce risk and accelerate our technological innovation, producing a greater return on investment…. This has enabled us to create more jobs and boost our future production here in Nebraska.” —Dexter Myers, Vice President, PEI

“A contract of this magnitude is obviously an extremely positive circumstance for Kawasaki, its workforce and the surrounding communities…. The economic impact on the state of Nebraska could be felt for years to come.” —Jason Hellbusch, Senior Manager, Kawasaki

“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

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