Bill > LB582

This bill, called the Manufacturing Modernization Pilot Investment Act, aims to partner with the manufacturing sector in Nebraska by providing one-time grants to eligible manufacturing operations. The grants, up to $250,000 each, are intended to help these operations make capital investments in smart technologies and increased productivity. To qualify, the manufacturing operation must have been in business for at least three years, derive a majority of its revenue from manufactured goods, employ at least three full-time employees, and provide private matching funds equal to the grant amount. The Department of Economic Development will administer the program and a new Manufacturing Modernization Pilot Investment Fund will be created to fund the grants. The bill also includes an emergency clause, indicating it will take effect immediately upon passage.

Business and Industry

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=50628