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Economic Development

 

NGage - Members of the Beatrice City Council and Gage County Board of Supervisors have been working together towards the formation of a new economic development group, Gage Area Growth Enterprise (NGage).  Some of NGage's goals will include working with all communities in Gage County to increase employment opportunities and the tax base while recruiting new businesses and assisting existing businesses.

 

Economic Development Program (LB840) - The citizens of Beatrice renewed the City's economic development program in May 2012. The economic development program is a tool that encourages and stimulates the growth of quality jobs, attracts permanent investment, broadens the tax bases, and diversifies the economic base.  The overall goal of the economic development program is to decrease the unemployment rate and increase the per capita and median household incomes throughout Beatrice and Gage County.  To review Beatrice's Economic Development Program click here.

 

Community Development Block Grant (CDBG) Reuse Loan Fund - The City of Beatrice has a CDBG Reuse Loan Fund available to local businesses.  The terms of the loan are negotiated on an individual basis. The amount of loans varies depending on the amount of funds requested and available.  CDBG Reuse Loans must be tied to either job-creation or job-retention for low-to-moderate income (LMI) individuals. Interested parties must complete an application.  Applications are reviewed by the Citizens' Advisory Review Committee and approved by the Beatrice City Council.  All information is kept confidential.

 

CDBG Forms

LB840 Documents

Tax Increment Financing (TIF)

 

Tax Increment Financing (TIF) Tax Increment Financing, or TIF, is a tool to assist in financing redevelopment projects in designated blighted and substandard areas of the City. The property taxes generated from the increased valuation of the development are then captured for a period of up to fifteen (15) years to finance the eligible public improvements.  The City has established five (5) redevelopment areas.

 

TIF is not a grant and it is not a primary funding source for a redevelopment project, but does provide an incentive for private development that will increase the tax base. Any expenses incurred before the TIF application has been approved are not eligible. 

  

TIF Forms

 

 



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