Lincoln continually ranks as one of the best places to do business in America. With low business costs, a strong workforce, and robust business climate, many Lincoln business leaders will tell you it’s hard to fail in Lincoln.
The Business Innovation Act provides funding to help businesses develop new technologies that lead to quality job opportunities across the state. Competitive grants will provide funding and technical assistance for research at Nebraska institutions, new product development and testing, and help expand small business and entrepreneur outreach efforts
The federal Small Business Innovation Research (SBIR)and State Technology Transfer (STTR) program are two phase grant programs for businesses performing research and development of a new, technology-based product. Grants are provided through eleven federal agencies having the largest research and development budgets and are awarded to projects meeting the missions of these agencies. Businesses apply for SBIR and STTR grants separately.
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA works with banks in Lincoln to offer loan programs for new and existing businesses.
Also, see the SBA Small Business Planner.
The Intern Nebraska (InternNE) program connects college students and employers from across the state, providing a unique opportunity for them to co-invest in the future. Interns gain valuable business experience that will help them in future careers, while successful internships help businesses develop tomorrow’s leaders.
Nebraska Engineering, Science, and Technology Internship Program (NESTIP) sponsored by Nebraska EPSCoR and the National Science Foundation, supports any Nebraska business that would like to hire an intern through an innovative cost-share program that also aims to encourage knowledge transfer and applied research.
Community Development Resources seeks to create economic opportunity and strong communities by providing capital and technical assistance to: develop and fortify small businesses; and promote community development. Businesses can use CDR’s loan capital for the purchase of real estate, equipment, inventory, furniture & fixtures and working capital.
The Nebraska Economic Development Corporation (NEDCO) is a non-profit corporation promoting economic development and job creation throughout Nebraska. Businesses can partner with NEDCO and their bank to obtain a loan to buy a building and/or machinery through the SBA 504 Loan Program. Loans are long-term and provide a low, fixed interest rate.
Invest Nebraska is a venture development organization that advises and invests in companies and early stage business ideas in Nebraska. Invest Nebraska supports and encourages angel investment and entrepreneurship in all areas of Nebraska, and provides networking opportunities for investors, entrepreneurs and service providers from all corners of the state.
The Nebraska Angels is an independent network of individual angel investors who invest in high risk, early stage ventures and in return take partial ownership of company. Most angels are active investors who contribute their time and experience, as well as offer introductions to valuable contacts essential to the company’s success. For the risk and added value they provide, angels seek returns of at least ten times their investment.
Nebraska Global is a venture capital fund investing in viable long-term software companies who seek to build an influential technology business environment in Nebraska. Investors behind the program represent a cross-section of industries and expertise, and desire to nourish economic gardening in the state of Nebraska by investing in local people and long-term growth. Nebraska Global devotes its finances to software companies with clear differentiation and real-world demand.
The Angel Investment Tax Credit program encourages investment in high-tech and other startup Nebraska enterprises by helping attract private funding. The tax credit is refundable and available to Nebraska residents and a wide range of industries.
Lincoln Partnership for Economic Development