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Business Report: Nebraska – Community Development Block Grant Funds Expansion in York

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T he Nebraska Department of Economic Development has awarded the City of York $267,955 in Community Development Block Grant (CDBG) funding to assist York Cold Storage with an expansion of its operations. New equipment arriving for York Cold Storage’s Nebraska facility, which is in the midst of a $3 million expansion.

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Cover Story: New Energy Powers Growth

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States poised for major growth in wind energy in coming years include Iowa, Kansas, Texas, Nebraska, North Dakota and Michigan. With open skies and plenty of open space, Nebraska ranks near the top of the nation in its ability to generate energy from wind, crop waste and energy crops, solar power and biogas.

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COVER STORY: Editors’ Location Picks

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Access to an educated, skilled and motivated workforce is one of Greater Omaha’s key assets because it draws business to the area and spurs economic growth. million in new corporate profits tax and local income taxes will be generated by Medpace, Inc. Those include five on the Fortune 500 list—Berkshire Hathaway, Inc., Meyer Tool, Inc.

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Industry Focus: Food Processing – The Process Of Consistency

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Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. And while a food hub isn’t a new concept, the ideas around how to implement the food hub are drawing attention. Preferred often brings popcorn to Bradford from Nebraska via the railroad.

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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