A statewide pilot program to provide technical assistance to small businesses was given final approval by senators May 18.<\/p>\n
LB345, sponsored by Lincoln Sen. Danielle Conrad, establishes the Small Business Innovation Act.<\/p>\n
Under the bill, the state Department of Economic Development will administer the pilot program, which will assist up to 40 Nebraska-based growth businesses, at least one half of which will be located in counties with fewer than 50,000 inhabitants.<\/p>\n
A qualifying business must have between five and 50 employees and annual sales revenue between $500,000 and $2.5 million.<\/p>\n
The program will be funded by $200,000 from the general fund in fiscal year 2011-12 and FY2012-13, which will be offset by reducing the total amount of tax credits granted under the Community Development Assistance Act by $200,000 per year for the same time period.<\/p>\n
LB345 takes effect immediately and passed on a 47-2 vote.<\/p>\n","protected":false},"excerpt":{"rendered":"
A statewide pilot program to provide technical assistance to small businesses was given final approval by senators May 18. LB345,<\/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":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[96],"class_list":["post-4822","post","type-post","status-publish","format-standard","hentry","category-banking-commerce-and-insurance","tag-sen-danielle-conrad"],"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\/4822","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=4822"}],"version-history":[{"count":3,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/4822\/revisions"}],"predecessor-version":[{"id":4824,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/4822\/revisions\/4824"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}