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- Tax Increment Financing (TIF) - The Community Redevelopment
Authority is authorized to provide financial assistance to businesses
locating in designated areas of Grand Island.
- Incentive Utility Rates (LB 828) - Gives the utility companies
in Nebraska the ability to negotiate lower rates for large business
customers.
- Nebraska Redevelopment Act (LB 830) - Allows cities to declare
land within six miles of the city limits blighted, thus property taxes
on the improvements can be used to reimburse the company for land purchase
and project development.
- Local Option Municipal Economic Development Act (LB-840) -
Authorizes incorporated cities and villages to appropriate and spend
local sales and property tax revenues for certain economic development
purposes.
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