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NE LB536
Bill
Status
1/22/2025
Primary Sponsor
Tony Sorrentino
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AI Summary
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Creates one-time matching grants up to $250,000 for Nebraska manufacturers to invest in smart technologies, specialized hardware, software, and equipment to increase productivity and competitiveness
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Eligible manufacturers must have NAICS codes 31-33, be established for at least 3 years, derive 51%+ of revenue from manufactured goods, employ at least 3 full-time workers, and provide 1:1 private matching funds
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Application window runs October 1-November 1, 2025, with applications processed in the order received until funding is exhausted
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Establishes the Manufacturing Modernization Pilot Investment Fund administered by the Department of Economic Development, funded through legislative appropriations and other sources
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Declared an emergency measure taking effect immediately upon passage; manufacturers who no longer meet eligibility requirements must repay grant funds
Legislative Description
Adopt the Manufacturing Modernization Pilot Investment Act
Last Action
Title printed. Carryover bill
1/7/2026