The Nebraska Department of Economic Development (DED) is now accepting applications for a specific grant opportunity through the Site and Building Development Fund (SBDF). The opportunity is open to a city of the first class located in the third congressional district if the property previously housed a university or college that is no longer extant. The improvement and revitalization of the real property must be for purposes of supporting the housing, employment, and program needs of youth exiting the foster care system. In addition, the real property may be used for youth exiting juvenile court supervision in an out-of-home placement.
Established in 2011, SBDF helps Nebraska’s communities prepare the places and spaces needed to support business growth. Having industry-ready facilities strengthens recruitment and retention of high-wage job creators. SBDF gives communities a competitive advantage when seeking to attract investment—whether from a new venture or existing company looking to expand.
Described in Nebraska Revised Statute § 81-12,147(1)(j), this particular funding opportunity is known as the SBDF: Subdivision (1)(j) of Section 81-12,147 Grant. It was created by the Nebraska Legislature as part of Legislative Bill (LB) 818 in 2023 and updated by LB 1413 in 2024.
The application is now open. The last day to submit an application for the SBDF: Subdivision (1)(j) of Section 81-12,147 Grant is Wednesday, May 15, 2024, at 5:00 p.m. CT. Applications must be submitted electronically through AmpliFund, DED’s grant management system, before the application due date. Applicants may request the application link from Business Project Manager, Lorena Reichert, at lorena.reichert@nebraska.gov.
For additional information, please contact Business Project Manager Lorena Reichert at lorena.reichert@nebraska.gov or 402-314-6468.