THE CASE FOR NEBRASKA INCENTIVES Nebraska Must Remain

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THE CASE FOR NEBRASKA INCENTIVES

THE CASE FOR NEBRASKA INCENTIVES

Nebraska Must Remain Competitive • 48 other states have business incentive packages • The

Nebraska Must Remain Competitive • 48 other states have business incentive packages • The Nebraska Advantage Act sunsets on December 31, 2020 • Without incentives the cost of doing business in Nebraska is not competitive with states we often compete against • Economic development clients require predictability • Nebraska has weathered downturns because of the diversity of our economic base

Nebraska Incentive History • 1987 – Employment and Investment Growth Act • 2005 –

Nebraska Incentive History • 1987 – Employment and Investment Growth Act • 2005 – Nebraska Advantage Act • 2020 – Nebraska Advantage Act sunset • 2020 – Imagi. NE Nebraska Act (LB 720)

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

Nebraska Incentive Outcomes

LB 720 Improvements • Places priority on workers with job training, talent recruitment and

LB 720 Improvements • Places priority on workers with job training, talent recruitment and childcare credits • Increases wage thresholds and adds health insurance requirement • Provides multiplier for development in extremely blighted areas • Simplified application and approval process eliminates barriers • Department of Economic Development approves projects and Department of Revenue handles accounting and auditing

LB 720 Advantages

LB 720 Advantages

LB 720 Advantages

LB 720 Advantages

LB 720 Impact

LB 720 Impact

LB 720 Impact

LB 720 Impact