Establishes the Manufacturing Modernization Pilot Investment Act to provide grants to manufacturing operations in Nebraska for technology investments.
The Manufacturing Modernization Pilot Investment Act aims to support manufacturing operations in Nebraska by offering one-time grants for capital investments in smart technologies. The Department of Economic Development administers the act, which includes the creation of the Manufacturing Modernization Pilot Investment Fund. Eligible operations must meet specific criteria, such as being established for at least three years, deriving over 50% of revenue from manufactured goods, employing at least three full-time employees, and providing private matching financial support.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.