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State of Nebraska - Nebraska Department of Economic Development

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The document outlines the application guidelines for the Building Entrepreneurial Communities Act (BECA) in Nebraska, aimed at supporting economically distressed rural areas through collaborative projects. It details eligibility criteria for applicants, funding levels, match requirements, and the application process, emphasizing the importance of community collaboration to foster economic development.

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What is the grant for small businesses in Nebraska?

Grant assistance if available for qualified startups and existing small businesses. Though monetary assistance, eligible businesses may be eligible for: New small business startups up to a $25,000 grant. For an existing business up to $12,500 grant.

What is the economic redevelopment area in Nebraska?

ERA stands for economic redevelopment area. This means an area in the State of Nebraska where unemployment is at least 150% of the statewide average and where the poverty rate is 20% or more, as determined by federal census data.

What does the Nebraska Department of Economic Development do?

Since 1967, the Nebraska Department of Economic Development (DED) has been focused on growing and diversifying the states economic base, bringing new dollars, new businesses, and new people into the state. Support communities with development efforts. Assist with starting, retaining, and expanding businesses.

Who is eligible for the $12000 grant in Nebraska?

To qualify for a $12,000 grant, businesses must meet criteria set by the Nebraska Small Business Assistance Act. Typically, this includes being operational for less than five years and fulfilling certain business development goals within the state.

Do small business grants count as income?

Typically, yes. Unless your company or the grant meets specific exemption requirements, any funds received as a grant counts as income. This applies to federal taxes and typically state taxes, as well. You will need to report any grant funds youve received as part of your business income for that tax year.

What is a small business Administration grant?

SBA provides grants to nonprofits, Resource Partners, and educational organizations. These grants aim to support entrepreneurship through counseling and training programs.

What is the number for economic assistance in Nebraska?

You can also apply by calling the appropriate Economic Assistance office: Nebraska State Economic Assistance, 800-383-4278; Lincoln Economic Assistance, 402-323-3900; or Omaha Economic Assistance, 402-595-1258.

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Get the up-to-date State of Nebraska - Nebraska Department of Economic Development 2025 now

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Got questions?

What is the grant for small businesses in Nebraska?

What is the economic redevelopment area in Nebraska?

What does the Nebraska Department of Economic Development do?

Who is eligible for the $12000 grant in Nebraska?

Do small business grants count as income?

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What is a small business Administration grant?

What is the number for economic assistance in Nebraska?

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