NE LB290

Amends location requirements for up to $90 million in business park development grants, requiring the business park to be located within or adjacent to qualified census tracts in a metropolitan class city AND within an inland port district, rather than the previous requirement of being within two miles of a major airport

Prohibits grant funds from being used in the downtown area or northern downtown area of a metropolitan class city

Requires grant recipients to obtain a letter of support from the inland port authority managing the inland port district where the business park is located before funds (other than planning grants) are released

Maintains existing requirements including attendance at community advisory committee meetings, establishment of dedicated bank accounts for grant funds, submission of a ten-year financial pro forma, and holding two public input meetings

Proceeds from lease, sale, or purchase of real property in the business park must be used exclusively for the business park for a minimum of fifteen years after receiving grant funding