Airport Business Park Grant Program - Phase II: Project Grant

The Nebraska Department of Economic Development (DED) will provide grants to nonprofit economic development organizations not to exceed $90,000,000.00 in grants for the development of a business park located within or adjacent to one or more qualified census tracts located within the boundaries of a city of the metropolitan class and within two miles of a major airport as defined in section 13-3303. An innovation hub as defined in section 81-12,108 shall not qualify for a grant under this subdivision. The Airport Business Park Program will consist of two phases: a. Phase I: Planning Grant b. Phase II: Program Grant. Phase I: Planning Grant The Phase I Planning Grant process allowed Applicant(s) the opportunity to create and develop a Master Plan for the development and creation of a business park. The successful Applicant(s) received grants in an amount not to exceed $400,000.00. Phase II: Program Grant The Phase II Program Grant will provide Applicant(s) with grants not to exceed $90,000,000.00 to finalize the development of the business park. The maximum amount of the Program Grant will be offset by any funds distributed during the Phase I Planning Grant.

Pursuant to Neb. Rev. Stat. §81-12,241(4)(a), the Nebraska Department of Economic Development (DED) will provide grants to nonprofit economic development organizations not to exceed $90,000,000.00 in grants for the development of a business park located within or adjacent to one or more qualified census tracts located within the boundaries of a city of the metropolitan class and within two miles of a major airport as defined in section 13-3303. An innovation hub as defined in section 81-12,108 shall not qualify for a grant under this subdivision. Funding Restrictions The Airport Business Park Grant Program funds are intended for the (1) development of a business park, (2) located within or adjacent to one or more qualified census tracts, (3) located within the boundaries of a city of the metropolitan class, and (4) within two miles of a major airport as defined in section 13-3303.

For program guidelines, please refer to: https://opportunity.nebraska.gov/programs/recovery/airport-business-park/

Nebraska Department of Economic Development (DED) has designed the Airport Business Park Grant Program to be extended to nonprofit corporations located within the State of Nebraska. The Airport Business Park Grant, Program Phase II application, will be open for the development of a business park located within or adjacent to one or more qualified census tracts located within the boundaries of a city of the metropolitan class and within two miles of a major airport as defined in section 13-3303. An innovation hub as defined in section 81-12,108 shall not qualify for a grant under this subdivision. Adjacent means adjoining, touching, and sharing a common border. Two miles from a major airport refers to an airport with commercial service as defined by the Federal Aviation Administration (Neb. Rev. Stat. §13-3303). Qualified Census Tract: A QCT is a qualified census tract as defined in 26 U.S.C. 42(d)(5)(B)(ii)(I), as such section existed on January 1, 2022. A city of the metropolitan class is defined in Neb. Rev. Stat. §14-101 as all cities which have attained a population of four hundred thousand inhabitants or more as determined by the most recent federal decennial census or the most recent revised certified count by the United States Bureau of the Census.

Resources: General and Program specific user guides and videos can be found at https://opportunity.nebraska.gov/amplifund/. Statewide Relay System: Individuals, who are hearing and/or speech impaired and have a TTY, may contact the Department through the Statewide Relay System by calling (800) 833-7352 (TTY) or (800) 833-0920 (voice). The relay operator should be asked to call DED at (800) 426-6505 or (402) 471-3111.