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NE LB536

Bill

Status

Introduced

1/22/2025

Primary Sponsor

Tony Sorrentino

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • 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

  • 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

  • Application window runs October 1-November 1, 2025, with applications processed in the order received until funding is exhausted

  • Establishes the Manufacturing Modernization Pilot Investment Fund administered by the Department of Economic Development, funded through legislative appropriations and other sources

  • 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

Committee Referrals

Banking, Commerce and Insurance1/24/2025

Full Bill Text

No bill text available