Home / Programs / Community / Nebraska Rural Projects Act

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.

Eligible Applicants

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.

Eligible Projects

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.

Matching Funds

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.

Apply Now