Mark L. Brasee402.978.5306
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Beginning July 1, 2021, through July 15, 2021, a qualified nonprofit organization may apply to the Department of Economic Development (“Department”) for a grant.
Any application for a grant under this Act must include:
An online application form will be created for this grant and information on how to access said application will be provided on the Department’s website when it is available.
The Department will consider applications in the order in which they are received. It is the intent of the legislature to allocate $15 million from the General Fund and an additional amount of federal funds allocated to the states pursuant to the American Rescue Plan Act of 2021 up to the amount needed to fully fund all approved grants.
The Department may approve applications within the limits of available funding. The amount of the grant approved shall be equal to the amount of funds to be supplied by the nonprofit from private sources subject to the following limitations in the chart below:
|Estimated Cost of the Capital Project
|Less than $5 million
|Between at least $5 million and $25 million
|Between at least $25 million and $50 million
|$50 million or more
If a nonprofit fails to meet the following requirements after receiving a grant, said organization must repay any grant received:
This article has been prepared for general information purposes and (1) does not create or constitute an attorney-client relationship, (2) is not intended as a solicitation, (3) is not intended to convey or constitute legal advice, and (4) is not a substitute for obtaining legal advice from a qualified attorney. Always seek professional counsel prior to taking action.
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