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Support LB 720

INCENTIVES ARE GOOD FOR NEBRASKA

A GROWING NEBRASKA IS GOOD FOR ALL

Growth is good for Nebraska, leading to increased opportunity and creating a ripple effect that benefits individuals and communities across all industries. The ImagiNE Nebraska Act creates an incentive package that’s simpler to use, incentivizes high-wage jobs, and creates more reporting transparency. It’s an important economic development tool that delivers positive ROI and helps Nebraska remain competitive and attractive for business growth and investment.

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"The Legislature is staring failure in the face"

An impassioned editorial from the Omaha World-Herald urges Nebraska lawmakers to demonstrate leadership, flexibility and the art of negotiation. By “dithering” on LB 720 the Legislature “risks enormous harm to Nebraska.” 

Nebraska Senators Need to "Get It Done."

The Omaha World-Herald calls on state representatives to find common ground, serve their constituents and get LB 720 passed for the good of all Nebraskans. With only 17 days to finish out the session, senators need to avoid “putting their personal pique above the good of the state.”

"It is really sort of the fundamental toolbox for economic development in our state"

LB 720 has come a long way since it was first introduced in 2019. The many amendments and compromises have built an economic development package that can keep Nebraska competitive in business attraction. The bill’s introducer, Senator Kolterman, thinks the bill is reflective of the modern marketplace and an effective tool for economic developers.

LB 720 Amended Again

Proponents of LB 720 have continued to modify the bill, making it more responsive to the changing economic needs of Nebraska. This current version addresses many of the challenges of prior incentive packages while laying a solid foundation for Nebraska’s future. The bill’s sponsor, Sen. Mark Kolterman said, “At the end of the day, we have to grow our state.”

More than 50 Statewide Organizations Call for Passage of LB 720

A sign on letter from Chambers and Economic developers from across Nebraska urges state senators to pass LB 720. “This bill is ready to go to work for Nebraskans. Don’t let Nebraska be the only state without an incentive program just when we need it most.”

Sen. Williams Supports LB 720

Senator Matt Williams cites the ImagiNE Nebraska Act, the NeXT project and property taxes as important topics when the Unicameral reconvenes. “All of these bills need to get done and can be done if the legislature comes together.”

Case Studies

SEE HOW INCENTIVES IMPACT COMMUNITIES

Large Manufacturing

NEW TO MARKET

TECHNOLOGY CENTER OF EXCELLENCE

NEW TO MARKET

HQ/back office

EXISTING EXPANSION

Local Manufacturing

START-UP

These four case studies help illustrate the impact of an economic environment that promotes business advancement. These case studies use the IMPLAN model to estimate the economic impact of various hypothetical capital investments, each of which is based on a real-world example that took place in Nebraska. Please visit IMPLAN.com for more information on how IMPLAN calculations work.

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