The State of Nebraska, Department of Economic Development, will be accepting applications from any Nebraska city, village, county, or Tribal Government Area that’s wishes to apply for an Enterprise Zone designation for an area within such city, village, county, or Tribal Government Area.
Enterprise Zones will consist of areas of “Economic Distress”. Economic Distress shall mean conditions of relatively high unemployment, poverty, and declining population existing within the area of a proposed Enterprise Zone, as stated in this order of priority, from most to least significant.
The department may designate not more than five areas as enterprise zones based on eligible applications it has received. Of the Enterprise Zones designated, no more than one shall be located inside the boundaries of a city of the metropolitan class, and no more than one shall be located inside the boundaries of a city of the primary class, and all Enterprise Zones located within a single county shall not exceed a total of sixteen square miles in area. Each area designated as an Enterprise Zone following the application period shall meet all eligibility criteria.