Good Life Transformational Projects Act

The purpose of the Act is to promote and develop the general and economic welfare of this state and its communities by providing support for unique Nebraska projects that will attract new industries and employment opportunities and further grow and strengthen Nebraska’s retail, entertainment, and tourism industries.

What Can the Grants Be Used for?
Eligible persons may apply for a Good Life District designation that must: (a) generate new economic activity, as well as additional state and local taxes from persons residing within and outside the state, (b) create new economic opportunities and jobs for residents, and (c) promote new-to-market retail, entertainment, and dining attractions. Good Life Districts will receive a reduction in state sales tax from 5.5% to 2.75% for sales made within the district.

Who is Eligible to Apply?

A Project is eligible if:

i. The Applicant demonstrates that the total new development costs of the Project will exceed:

a. One billion dollars if the Project will be located in a city of the metropolitan class,

b. Seven hundred fifty million dollars if the Project will be located in a city of the primary class,

c. Five hundred million dollars if the Project will be located in a city of the first class, city of the second class, or village within a county with a population of one hundred thousand inhabitants or more, or

d. One hundred million dollars if the Project will be located in a city of the first class, city of the second class, or village within a county with a population of less than one hundred thousand inhabitants.

ii. The Applicant demonstrates that the Project will directly or indirectly result in the creation of:

a. One thousand new jobs if the Project will be located in a city of the metropolitan class,

b. Five hundred new jobs if the Project will be located in a city of the primary class,

c. Two hundred fifty new jobs if the Project will be located in a city of the first class, city of the second class, or village within a county with a population of one hundred thousand inhabitants or more, or

d. Fifty new jobs if the Project will be located in a city of the first class, city of the second class, or village within a county with a population of less than one hundred thousand inhabitants; and

iii. For a Project that will be located in a county with:

a. a population of one hundred thousand inhabitants or more, the Applicant demonstrates that, upon completion of the Project:

i. at least twenty percent (20%) of sales within the boundaries of the District will be made to persons residing outside the State or

ii. the Project will generate a minimum of six hundred thousand (600,000) visitors per year who reside outside the State,

and the Project will attract New-to-Market Retail to the state and will generate a minimum of three million (3,000,000) visitors per year

b. a population of less than one hundred thousand inhabitants, the Applicant demonstrates that, upon completion of the Project, at least twenty percent (20%) of sales within the boundaries of the District will be made to persons residing outside the State.