Incentives Directory

Tax Increment Financing (TIF)

The Community Redevelopment Laws allow for the increased property taxes generated by the improvement of blighted property to be used to pay for the financing of the redevelopment, known as tax increment financing or TIF. TIF in Beatrice provides a means of encouraging private investment in blighted and substandard areas by allowing city governments to devote all property tax revenue increases to repay the public investment needed to attract development. The City of Beatrice has established four (4) redevelopment areas where projects are available for TIF.

Category: Local Incentives

More Local Incentives

The City of Beatrice has a CDBG Reuse Loan Fund available to local or new businesses locating here.  Eligible activities may include, direct loans or grants to eligible businesses for fixed assets, working capital, or both; loan guarantees for eligible businesses; grants or agreements fo... Learn More
When local funds may be limited in their CDBG reuse loan program, the State may provide additional CDBG loan funds based on specific criteria relating to the investment needed and its purpose along with the amount and level of job creation.   Learn More
Nebraska Customized Job Training Advantage provides a flexible and discretionary job training program with grants from $800 to $4,000 per qualified new job. Additional grant funds may be available for new jobs created in rural and high poverty areas. Customized training officials at Southeast Communit... Learn More
On a case by case basis, Gage County has designated funds for economic development projects, similar to uses described in the Beatrice economic development plan. Learn More
The Intern Nebraska (InternNE) program connects college students and employers from across the state and provides grants to match up to half of the interns’ wages.  Interns gain valuable business experience that will help them in future careers, while successful internships help businesses develop tomorrow’... Learn More
The citizens of Beatrice renewed the City's economic development program in May 2012. Each project will be considered on its own merits, but priority will be given to jobs created and/or retained at or above average wage and benefits for the community.  For businesses, thi... Learn More
This manufacturing equipment sales tax exemption provision relieves manufacturing machinery, equipment and related services from sales tax.  This is broadly defined to include:   -Equipment for transporting raw materials or components -Molds and dies for forming cast or injected products or its packaging materials -Machinery to maintain the integrit... Learn More
Microenterprise Tax Credit Advantage This tax credit provides a 20 percent refundable investment tax credit to micro-businesses on new investments in targeted communities. Applicants may qualify for a maximum of $10,000 throughout the life of the program. The credit is geared to companies with five o... Learn More
The Nebraska Advantage Package is Nebraska’s comprehensive economic development incentives that meet the needs of an expanding or relocating business. Any business activity other than retail qualifies.   Highlights of Nebraska Advantage include the following:   -Tax credits and sales tax refunds based on flexible, six-tier investment and jo... Learn More
The Nebraska Department of Labor/Workforce Development division provides a wide range of employment services to small and large businesses, including:  statewide labor pool, job placement, workforce recruitment and labor market information. Learn More
Nebraska has assistance programs to help businesses stay competitive and/or find financing.   The Nebraska Economic Development Corporation (NEDCO) is a licensed as a Certified Development Corporation (CDC) by the U.S. Small Business Administration (SBA) to offer the SBA 504 Loan Program which are loans made i... Learn More
The Nebraska Worker Training Program provides grants to assist firms in the retraining and upgrading of existing employees. Use of program funds is extremely flexible with the type and length of training program and training vendors and materials at the discretion of the company.   Learn More
Research and Development Advantage Any business in Nebraska that makes expenditures on research and development as defined in Section 174 of the Internal Revenue Code of 1986 is allowed a research tax credit under terms of the Nebraska Advantage Research and Development Act. The credi... Learn More
The Rural Development Advantage amends the Employment Expansion and Investment Incentive Act (formerly LB 608 passed in 2003). It provides qualified businesses with refundable tax incentives for projects that create two new jobs and investment of $125,000 in counties with less than 15,000 residents, village... Learn More