Nebraska Rural Projects Act
The Nebraska Rural Projects Act will provide matching funds to Nebraska nonprofit economic development organizations with projects to build new rail access business parks in counties of less than 100,000 people. No more than $50 million dollars of matching funds will be paid in total under this act. No more than $30 million of matching funds will be paid for any one project.
An applicant must be a nonprofit economic development corporation. The Applicant must be registered as such with the Nebraska Secretary of State and must be recognized as a 501(c) entity by the Internal Revenue Service.
To be eligible for matching funds, the project must: (i) develop a new industrial rail access business park and (ii) be located in a Nebraska county with less than 100,000 inhabitants. To be regarded as developing a new industrial rail access business park, the project must undertake at least one of the following objectives: (i) add rail access to an existing business park, (ii) add a new business park to a currently served rail site, or (iii) create a new business park and create new rail access to serve the new business park.
Subject to adequate appropriation of funds, an applicant may be eligible for two dollars of matching funds for every dollar of investment in the project up to the first $2,500,000.00 of investment. Five dollars of matching funds may be made available for every dollar of investment in excess of $2,500,000.00. Matching funds will be paid to the applicant on an annual basis. No more than $30,000,000.00 of matching funds will be paid for any one project, and no more than $50,000,000.00 will be paid in total under the Nebraska Rural Projects Act.
Nebraska Rural Projects Act
Projects to build new rail access business parks in counties of less than 100,000 people.
Application Period: Jan. 3, 2022 at 9 AM CT – June 30, 2023 at 5 PM CT
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Application and Program Resources
|NE Rural Projects Act – Memo 23-01 Costs Related To Investment And Use of Matching Funds||January 17, 2023|
|NE Rural Projects Act – Annual Workbook||Excel||July 19, 2022|
|NE Rural Projects Act – Frequently Asked Questions||December 21, 2021|
|NE Rural Projects Act – Memo 22-01 Date of Investment||April 5, 2022|
|NE Rural Projects Act 01 – Guidelines||July 8, 2022|
|NE Rural Projects Act 02 – Application Guide||December 21, 2021|
|NE Rural Projects Act 03 – Checklist||December 21, 2021|
|NE Rural Projects Act 04 – Schedule||Excel||December 21, 2021|
|NE Rural Projects Act 05 – Matching Funds Investment Calculator||Excel||December 21, 2021|
|NE Rural Projects Act 06 – SAMPLE Application||December 21, 2021|