Incentives

Working together, our community-focused partnerships are about generating results. The voters, in 2003, approved the Economic Development Program which translates into 7.5 million dollars to help existing businesses expand and recruit new business to the area. Combined with partnerships with the governmental agencies, the Chamber of Commerce and businesses, it all adds up to Progress for Grand Island.

Grand Island - Growing potential in the Heartland.

Related Links

• Nebraska Department of Economic Development
  www.neded.org

LB-840 INCENTIVE DOLLARS AT WORK

Hornady Manufacturing was awarded $ 154,000 forgivable loan for job creation.

Like so many successful companies, Hornady Mfg. was born out of one man’s vision of a better product for his own use.  The first year yielded total sales of only $10,000 – a figure that increased three-fold over the first decade.  By 1958, the company had moved from the rented garage, to their present location.  The number of full-time employees increased to 40.  Today Hornady Mfg. has over 180 employees, and occupies over 70,000 sq. feet of a plant that in a single day produces more bullets than the entire first year’s production.  Their market includes not only the United States, but much of Canada, Europe, Australia, Iceland, New Zealand, and parts of Africa.  By the end of 2008, Hornady Mfg. is expected to complete its building expansion with several new machines and presses.  By May 1, 2009, an additional 77 new employees will be hired to staff the newly created second shift.

The Principal Financial Group Announces Expansion Plans for Grand Island Office and is awarded $ 300,000 for future job creation. 

The Principal Financial Group announced plans to expand its Grand Island location by 23,000 square feet in the coming months, creating additional work space, more meeting and food service areas and improved wellness facilities.  The current building measures 89,783 square feet and accommodates 700 employees.

The Principal Financial Group is celebrating its 25th anniversary in Grand Island this year, and what better way to commemorate our history with our community than with a commitment to their future.  This will be the third addition to their location since opening in 1982. 

Local Training Package

Grand Island Area Economic Development offers a training package to assure a strong future for both your company and the employees that are part of your team. The training package usually is structured as a direct reimbursement to you for training based on salary. A second option is for a portion of the dollars to be used by you for scholarships or internships at a Nebraska Educational Institution for any employee you feel can benefit in those special skill areas. This can offer a real opportunity to secure those individuals in management for the future of this company.

We strongly believe that you will find it beneficial to use Central Community College or College Park, both in Grand Island, for a customized program, tailored to your needs. The scholarship or intern options could have a tax saving consequence versus taking the payment as direct cash. The customized training component would also eliminate that tax bite as the money flows directly to the educational partner.