"Come Home to Imperial, Nebraska"
Whether you are from the area or looking to relocate, we are here to help you start, grow or expand your business.
Local incentive packages offered to businesses and industries are negotiable and intended to provide a welcoming and profitable business climate for both local and prospective companies interested in developing or expanding their operations in the area while ensuring that the investment of local incentives result in mutual benefit to the residents of Imperial and Chase County as well as the assisted company.
Economic Development Program
Imperial's Economic Development Program is funded through LB 840, the Local Option Municipal Economic Development Act, to provide program benefits including revolving loans or loan guarantees to eligible businesses.
Priority will be given to the following:
Funds may not provide for more than 50% of project costs.
Minimum of 10% equity required.
Fixed interest rate generally equal to half of prime rate, but not less than 2%.
Terms: Up to 10 years for capital assets and 5 years for loans involving any other asset category.
$100 non-refundable application fee.
Note: Successful applicants will be responsible for the cost of preparing and filing required loan documents.
Tax Increment Financing
Tax Increment Financing (TIF) allows the use of newly created tax dollars from improvements to assist new or expanding businesses. Eligible redevelopment plan projects may include, but are not limited to engineering, easement acquisition, installation and financing of paving, curb and gutter, water, fire protection, surface water draining systems, sanitary sewer, and the costs of any required studies.
TIF can only be used in areas that have been designated as blighted and substandard. Imperial's designated Tax Increment Financing District includes the Downtown Area, the Highway 6 Industrial Area and the Highway 61 Commercial and Industrial Area providing an excellent tool for redevelopment projects in those areas of the community.
The purpose of TIF is to improve rundown properties, encourage new construction, increase the property tax base and bring new jobs to the community.
TIF generates and uses new tax dollars that would not exist if not for the project.
To be considered eligible for Tax Increment Financing projects must meet three basic criteria:
Click on the following link to access Imperial's Blighted & Substandard Determiniation Study and Redevelopment Plan
This is Imperial's Occupation Tax Report
For information regarding Nebraska's State Incentives Program contact: