Nebraska Business Expansion Incentives

EXPANSION  -  SITE SELECTION  -  DEVELOPMENT

press to zoom

press to zoom

press to zoom

press to zoom
1/21
Nebraska Business Expansion Decision Gui
Nebraska CPA Half page ad (Insert A webs

Dear Business Leaders and Trusted Advisors:


In connection with our Business Expansion practice, we have developed the linked Decision Guide for members of the business community who may be expecting to expand their Nebraska business presence within the next 5 - 7 years.

On January 1, 2021, Nebraska’s new Business Expansion Incentives Platform went into effect.  This Guide will detail Nebraska’s incentive programs and provide a look into the important role of incentives across the country in helping companies decide where and how to expand.

The Business Growth Dimensions

The speed and the force at which the economy and business models are changing is unprecedented.  Driven by both pre-COVID and COVID induced global, regional and local demographic,  political, technology and business model changes, we are in the midst of a rapidly accelerating “perfect storm”.  This is affecting the lives of every individual, organization and government today.  Business leaders, now more than ever, know that if they don’t innovate and grow, their companies will die or fade quickly.

With the 2020 sunset of Nebraska’s prior principal business incentive platform (the Nebraska Advantage Act), Nebraska has been engaged in a heightened level of discussion and study on how to best continue to improve our business climate.

Impact of the Nebraska Advantage Platform

The impact of the Nebraska Advantage Platform, and the efforts of many throughout our community, are seen in many ways today.  Over 900 business expansions have occurred under this program (and its predecessor), adding over 100,000 new jobs and $35 billion of capital investment throughout Nebraska’s diverse business sectors.  This was fueled by strategically deploying over $4.5 billion in tax incentives. 

 

Before its 2020 sunset, the Nebraska Advantage tax incentive platform helped to bring Nebraska to Site Selection Magazine’s #1 national ranking for 3 years in a row (for expansion projects per capita).         

Now the Imagine Nebraska Act

This has led to the enactment of the Imagine Nebraska Act.  Effective January 1, 2021, this new program is part of a new designed platform with other new or updated Nebraska business incentives. 

 

The new Imagine Nebraska platform is substantially different from the Nebraska Advantage Act.  Many aspects are clearly better for business.  Other potential enhancements, due to Legislature compromises, still remain to be accomplished as Nebraska remains on a path of continued strategic improvement to its business climate.

The Decision Guide

This Decision Guide provides guidance on how to obtain and optimize Nebraska’s new and updated Business Expansion Incentives.  This Guide also addresses the actions needed for a successful Business Expansion project. 

 

We welcome the opportunity to discuss your potential Business Expansion plans as you look to  grow as part of “The Good Life” in Nebraska.

Niemann formal 2629.jpg

Sincerely,


Nick Niemann


Nicholas K. Niemann, JD
Partner, McGrath North Law Firm
NNiemann@McGrathNorth.com

www.mcgrathnorth.com
www.NebraskaIncentives.com
402-633-1489

 

Ottemann 0250.jpg

Sincerely,


Matt Ottemann


Matthew Ottemann, JD, LLM
Partner, McGrath North Law Firm
MOttemann@McGrathNorth.com

www.mcgrathnorth.com
www.NebraskaIncentives.com
402-633-9571

 

CONTACTING US

Thanks for submitting!

Guidelines On Contacting Us Through Email

Our attorneys look forward to hearing from you. However, contacting us by email does not create an attorney-client relationship between you and our firm or an attorney in our firm. A number of reasons may exist why we cannot represent you on a particular matter. For instance, we might already represent another client on the same matter, so our representation of both of you would represent a conflict of interest. If you would like to email us regarding a legal matter, please do not send us any specific information until we have specifically agreed to serve as your legal counsel. Also, remember that communication through email is not necessarily secure. Therefore, we cannot guarantee the confidentiality or actual arrival of any email you send us. If you wish to discuss the possibility of us representing you, please contact us by phone