$50,000 in tax credits awarded for Chadron and Plainview projects

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$50,000 in tax credits awarded for Chadron and Plainview projects

The Nebraska Department of Economic Development (DED) has awarded $50,000 in Community Development Assistance Act (CDAA) tax credits to support a multipurpose pool project in Chadron, and construction of a new library in Plainview.

The Nebraska Department of Economic Development (DED) has awarded $50,000 in Community Development Assistance Act (CDAA) tax credits to support a multipurpose pool project in Chadron, and construction of a new library in Plainview.

Chadron will use $25,000 in tax credits to renovate and repurpose its municipal pool as a year-round multifunctional health and wellness center. The City, Chadron State College, and Chadron Community Hospital are partners in the project. Not only will the pool be fully enclosed, but upgrades will provide for zero-depth entry, lap lanes for swim teams, water aerobics classes, instructional lessons, and other organized events. A separate therapy pool, restroom and shower area will provide added privacy and built-in safety features apart from the main pool. An indoor track has been proposed for installation along the facility’s external wall. Other additions will include a multipurpose meeting room with kitchenette, and parking lot enhancements.

The aquatic health and wellness center will be open to the general public and stakeholders including Pine Ridge Job Corp, Chadron Public Schools and After School Program, Chadron Sharks Swim Team, and the local Special Olympics chapter.

For more information, contact Steve Cleveland at 308-432-5552, or scleveland@fnb4me.com

Plainview will use $25,000 in tax credits to replace its existing library, built in 1916, with a new American with Disabilities Act compliant 7,000 sq. ft. facility that includes an expanded children’s section, a designated computer area, and a community room for meetings, conferences and training.

Recent planning efforts identified the need for a new library and residents played an active role in its design. Last November the City passed a $500,000 bond to help pay for the new facility, estimated at $1,194,144. Construction is slated to begin May 2015 and completed September 2016. Local businesses have verbally committed to financially support the project once construction commences.

For more information, contact Paula Hoffman at 402-582-3887 or prhoffmans@hotmail.com

The CDAA program awards tax credits to donors, thereby encouraging private investors to financially support their local nonprofit community betterment organizations’ efforts to undertake more community service and development projects.

The credits represent 40 percent of each contribution, and reduce a contributor’s state income tax burdens. Every dollar contributed to a project results in a $0.40 tax credit return. Donations may be in the form of cash, services, or materials. The minimum eligible contribution for a tax credit is $50.

For information about the CDAA program, contact Jenny B. Mason, CDAA Coordinator, at 402-471-6280, or jenny.mason@nebraska.gov

CONTACT Kate Ellingson at 800-426-6505, 402-471-3749 or kate.ellingson@nebraska.gov