Shovel-Ready Capital Recovery & Investment Act

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    Shovel-Ready Capital Recovery & Investment Act

    The purpose of the Shovel-Ready Capital Recovery and Investment Act (LB566) is to partner with the private sector by providing grants to qualified nonprofit organizations to assist such organizations with capital projects that have been delayed due to COVID-19 and that will provide a positive economic impact in the State of Nebraska.

    Now available are a FAQ, preview of the Application, Application User Guide, and Application Checklist. Other application and program materials are in development. This page will be updated as items are finalized to assist interested parties with eligibility and other requirements.

    Program Information

    The purpose of the Shovel-Ready Capital Recovery and Investment Act (LB566) is to partner with the private sector by providing grants to qualified nonprofit organizations to assist such organizations with capital projects that have been delayed due to COVID-19 and that will provide a positive economic impact in the State of Nebraska.

    Who Can Apply?

    A qualified nonprofit organization that is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code that:

    • Is related to arts, culture, or the humanities, including any organization formed for the purpose of developing and promoting the work of artists and the humanities in various visual and performing forms, such as film, sculpture, dance, painting, horticulture, multimedia, poetry, photography, performing arts, zoology or botany; or
    • Operates a sports complex
      Sports complex means property that:

      • Includes indoor areas, outdoor areas, or both;
      • Is primarily used for competitive sports; and
      • Contains multiple separate sports venues
        Sports venue includes, but is not limited to:

        • A baseball field;
        • A softball field;
        • A soccer field;
        • An outdoor stadium primarily used for competitive sports;
        • An outdoor arena primarily used for competitive sports; and
        • An enclosed, temperature-controlled building primarily used for competitive sports

     

    The qualified nonprofit organization must also have a capital project that:

    • Was delayed due to COVID-19 and;
    • Provides a positive economic impact in the state of Nebraska

    Matching Funds

    The amount of any grant approved under the Shovel-Ready Capital Recovery and Investment Act shall not exceed the amount of funds to be supplied by private sources.

    How to Apply

    Beginning July 1, 2021, through July 15, 2021, a qualified nonprofit organization may apply to the department for a grant under the Shovel-Ready Capital Recovery and Investment Act.

    Application Opens: 7/1/21 @ 9 AM CT
    Application Closes: 7/15/21 @ 5 PM CT

    Applications may be submitted online only and will be considered by the department in the order in which they are received.

    Use the “Apply” button below.

    Terms and Definitions

    Capital Project: a construction project to build, expand, or develop a new or existing facility or facilities or restoration work on a facility designated as a National Historic Landmark.  In order to be eligible for a grant from the Shovel-Ready Capital Recovery and Investment Act (LB566), the capital project must have been delayed due to COVID-19 and must resume no later than June 30, 2022.

    Cost: The Cost of land, engineering, architectural planning, contract services, construction, materials, and equipment needed to complete the capital project.

    COVID-19: The novel coronavirus identified as SARS-CoV-2, the disease caused by the novel coronavirus SARS-CoV-2 or a virus mutating therefrom, and the health conditions or threats associated with the disease caused by the novel coronavirus SARS-CoV-2 or a virus mutating therefrom.

    Department: The Department of Economic Development (DED)

    Application and Program Resources

    Apply

    Applications open July 1, 2021, at 9 AM CT.
    Applications close July 15, 2021, at 5 PM CT.

    Have Questions?

    Tom Saltzman

    Business Incentives Consultant

    402-471-6336


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