Resources

Economic Incentives

There are incentives available in Kimball for new and expanding industry. These incentives are listed below.If you would like more information, please contactAmy Sapp, Special Projects Coordinator for Economic Development at econdev@kimballne.org to learn more about which incentives work best for you.

The Local Option Municipal Economic Development Act (LB 840)

The Local Option Municipal Economic Development Act (LB 840, 1991) authorizes incorporated cities and villages to collect and appropriate local tax dollars (sales and/or property tax) if approved by a board of local citizens, for economic development purposes.

The Kimball LB-840 offers a revolving loan fund for additional financing beyond traditional means, job training, and relocation reimbursement.

For qualification information and application, follow the link below.

Download PDF Application

Details on details about qualifying projects can be found in our Economic Development Plan.

Download PDF

Community Development Block Grants (CDBG)

The Community Development Block Grant (CDBG) program provides Nebraskans with safe, affordable and accessible housing and infrastructure; quality jobs and investment through financing new and expanding businesses.

Source : Nebraska Department of Economic Development

For more information, please visit the CDBG section to the NEDED website.

The Nebraska Advantage

Nebraska has created a multi-tier benefit package based upon number of jobs built and total investment. The package ranges from a

Refund of of the sales tax paid for qualified capital purchases at the project, the full sliding scale wage credit of 3, 4, 5 or 6% depending on wage level, and a 3% investment tax credit. Source : Nebraska Department of Economic Development

to a

Refund of all sales tax on projects capital purchases, 10% job credit on new employee compensationwage thresholds per new position are the greater of 200% of the county average wage OR 150% of the Neb. average wage, 15% investment credit, and personal property tax exemption for all personal property at the project for up to 10 years.

Source : Nebraska Department of Economic Development

For more information and explanations of all the tiers, please visit the tax incentives section to the NEDED website

Application for Nebraska Advantage found in the Economic Tax Incentive section of the NDOR website.

Sales and Use Tax

Sales tax in Kimball is 7.5% (5% state, 2.5% city). Manufacturing machinery, equipment, and related services can be exempt from both state and local sales tax.

For more information, please visit the tax incentives section to the NEDED website.

Microenterprise Tax Credit

For companies employing 5 or less employees, there is 20% refundable tax credit up to $10,000 available.

For more information, click here or go to the Economic Tax Incentive section of the NDOR website or the tax incentives section to the NEDED website.

Nebraska Customized Job Training Advantage

Nebraska can provide a flexible and discretionary job training program with grants from $800 to $4,000 per qualified new job.

For more information, please visit the Job Training section to the NEDED website.

InternNE

The InternNE program promotes keeping local talent in Nebraska while helping companies utilize these students. Nebraska will grant 40% (up $3500) up to 10 interns (5 per location).

For more information, please visit the InternNE section of the NEDED website.

Microenterprise Tax Credit

For companies employing 5 or less employees, there is 20% refundable tax credit up to $10,000 available.

For more information, click here or go to the Economic Tax Incentive section of the NDOR web site or the tax incentives section to the NEDED web site.