Home / Programs / Business Initiatives / Site and Building Development Fund

Site and Building Development Fund (SBDF)

The Site and Building Development Fund (SBDF) creates favorable conditions for improving the industrial readiness of the state.

It is a four-part legislative program aimed at advancing business innovation and strengthening workforce recruitment efforts in the state.

Eligibility Information

Neb. Rev. Stat. § 77-3,114 prohibits foreign adversarial companies from receiving benefits under an incentive program of the State of Nebraska. Prior to applying, please see the Foreign Adversarial Company Memo found in the Guidance Documents section. Applicants meeting the definition of foreign adversarial company will not be approved for benefits.

Eligible Applicants
Projects must be taken on by a committed local development team, including a local economic development corporation. Local governments and Nebraska nonprofits are eligible.

Nonprofit organizations must:

Provide IRS verification of 501(c)(3), 501(c)(4), or 501(c)(6) status.
Obtain Certificate of Good Standing with the Secretary of State at time of application.

How the Program Works

Initial offer.
Business certification agreement process.
Invitation to apply.
Application process.
Contract process.
Drawdown award and reporting requirements.

We help with business relocation and expansion efforts.

Eligible Activities

Land and building acquisition.
Building construction or rehabilitation.
Site preparation.
Infrastructure development and improvements.
Engineering and design costs.
Technical assistance and planning.
Pre-approved costs necessary for the development of industrial-ready sites and buildings.

Important Deadlines

Deadlines depend on funding availability. Work with DED to determine funding.