{"id":31910,"date":"2022-03-03T14:07:45","date_gmt":"2022-03-03T20:07:45","guid":{"rendered":"http:\/\/update.legislature.ne.gov\/?p=31910"},"modified":"2022-03-04T16:40:34","modified_gmt":"2022-03-04T22:40:34","slug":"innovation-partnership-bill-amended-advanced","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=31910","title":{"rendered":"Innovation partnership bill amended, advanced"},"content":{"rendered":"

Lawmakers advanced a bill from select file March 3 meant to facilitate relationships between technology firms and research institutions in historically underserved areas of Nebraska.<\/p>\n

\"Sen.
Sen. Terrell McKinney<\/figcaption><\/figure>\n

LB450, sponsored by Omaha Sen. Terrell McKinney, would require the state Department of
\nEconomic Development to design an innovation hub, or \u201ciHub,\u201d designation for certain areas in Nebraska.<\/p>\n

The bill defines an iHub as a partnership between private nonprofit corporations and a two- or four-year college or university to stimulate economic development. Among other tasks, the DED would provide technical assistance and guidance to entrepreneurs
\nand facilitate partnerships between the member organizations.<\/p>\n

Lincoln Sen. Suzanne Geist offered an amendment on select file to include provisions of her LB1215. The amendment would appropriate $5 million to a newly created small business assistance program. The program would allow certain individuals who want to start a small business with five or fewer employees in Nebraska to apply for a $25,000 grant from DED.<\/p>\n

To qualify for a grant, the applicant could not have earned more than $55,000 in the most recent calendar year, have a net worth of less than $200,000 and not have an ownership interest in any other business.<\/p>\n

The amendment also would authorize grants of up to $12,500 for small businesses in existence less than five years if gross revenue has grown by less than 25 percent in the past calendar year and the owner has a net worth of less than $200,000 and does not have an ownership interest in another business.<\/p>\n

\u201cThese start-ups \u2026 could include salons, boutique stores, child care centers and many other businesses that provide much-needed services,\u201d Geist said.<\/p>\n

Senators adopted the amendment on a 31-0 vote and advanced LB450 to final reading on a voice vote.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lawmakers advanced a bill from select file March 3 meant to facilitate relationships between technology firms and research institutions in historically underserved areas of Nebraska.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[262],"class_list":["post-31910","post","type-post","status-publish","format-standard","hentry","category-business-and-labor","tag-sen-terrell-mckinney"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/31910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31910"}],"version-history":[{"count":3,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/31910\/revisions"}],"predecessor-version":[{"id":31969,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/31910\/revisions\/31969"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}