Editorial: This important incentive program helps Nebraska startups get off the ground

10 Apr 2019

Many states are surpassing Nebraska in creating high-productivity, high-wage jobs, mainly in technical industries, that give significant economic advantages to those states. Startups in Nebraska also often find it difficult to obtain venture capital funding early in their development.

An existing Nebraska incentive program, the Business Innovation Act, has helped on this front, and the Appropriations Committee has rightly prioritized legislation this session to strengthen the program. Legislative Bill 334, by State Sen. John Stinner of Gering, would end another, less-successful incentive program, to free up $4 million to add to the Business Innovation Act. This would mean nearly $10 million in annual total funding.

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