The Business Retention and Expansion (BRE) Program creates discussion with existing businesses in Nebraska through personal interviews. These interviews provide important information on the local and state business climate that help shape the state economic development policies and programs.
Community Development Block Grants provide funding for projects to encourage the use of additional federal, state, and private resources. Communities receiving CDBG funds use those grants to provide decent housing, a suitable living environment, and expanded economic opportunities.
The Developing Youth Talent Initiative (DYTI) creates collaboration between Nebraska businesses and public schools. The DYTI exposes students to careers in Manufacturing and Information Technology (IT) to support a youth talent pipeline for these industries in the state.
The National Housing Trust Fund (HTF) is an affordable housing resource for increasing and preserving decent, safe, and sanitary affordable housing for extremely low-income and very low-income households, including homeless families. HTF Funds in Nebraska focus on activities related to rental housing.
The Tax Cuts and Jobs Act of 2017 authorized the governor of each U.S. state and territory to nominate a certain number of qualifying census tracts as “Opportunity Zones.” The purpose of the program is to promote investment and drive economic growth in low-income and/or economically disadvantaged communities. Investors can subsequently create “opportunity funds,” which are used to spur economic growth in designated Zones and are eligible for tax incentives.
The RWHF provides matching grants to reduce the cost of workforce housing in Nebraska’s rural communities. Workforce housing is housing that meets the needs of working families and is attractive to new residents locating in a rural community.