New Business Incentives

Local Incentives

The City of Scribner recognizes that the retention and expansion, along with the attraction of new businesses, is occurring in a very competitive marketplace. In order to make Scribner as competitive as possible, the community must strive to use all financial and human resources available by using federal, state, municipal and private sources.

City Sales Tax—LB840-was approved by Scribner voters in 2009. The Scribner Economic Development Program is funded by the proceeds from a 35 percent of a 1-1/2 (one and one-half) percent local sales and use tax for a period of 15 years. It is estimated that $110,000.00 per year will be generated for the Economic Development Program for an estimated 15-year total of $1,650,000.00. For more information, contact Elizabeth Valla, Economic Development Director at (402) 664-3101.

Download Economic Development Plan PDF

Scribner Improvement and Industrial Corporation Revolving Loan Fund – is a local plan for projects located within Scribner. The objectives of the reuse fund are to provide financing for start-up and existing businesses that cannot obtain conventional financing, to attract new business to the area and to create and retain jobs for low to moderate income persons. An application review committee has been created to review applications. For more information, contact Martin Koopman, Scribner Improvement and Industrial President, at 402-664-2461.

Tax Increment Financing (TIF) – The City of Scribner has the ability to use TIF to assist a new or expanding business in order to fund public improvements associated with private developments in “blighted or substandard” areas of the community. This financing captures the projected increase in property tax revenue, which results from the private development. The maximum period on this is 15 years.

Scribner Industrial Park – The Scribner Improvement and Industrial Corporation is negotiable on land pricing for sites located at the Industrial Park.

State Incentives

Nebraska Advantage – The Nebraska Advantage package was designed to create a business climate that makes Nebraska the preferred location for starting and growing your business. The Nebraska Advantage rewards businesses that invest in the state and hire Nebraskans. In this progressive, pro-business tax climate, corporate income and sales taxes are reduced or virtually eliminated.

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