Start Up In Homer

Microenterprise Tax Credit

The Microenterprise Act provides persons actively involved in microbusinesses a refundable individual income tax credit based on demonstrated growth of their business over two tax years. The Microenterprise Act has $2 million available for each calendar year through December 31, 2015 to provide tax credits to applicants for creating or expanding microbusinesses. The total lifetime tax credits claimed by any one taxpayer and any related person(s) are limited to $10,000. An individual may file another Microenterprise Application after the first two year application period has ended. The individual may claim no more than the difference between the $10,000 lifetime limit and the pending amount previously requested. Details on the program can be found at the Nebraska Department of Revenue.

Neb Dept of Rev

Rural Enterprise Assistance Project (REAP)

REAP is a rural microenterprise lending organization created by the Center for Rural Affairs. Through REAP you can create a business plan, research potential markets and marketing ideas, discuss management issues with experienced business specialists, and apply for a small business loan. Started in 1990, REAP has provided business development services to over 10,000 micro businesses. REAP has placed over $5 million in loans and leveraged over $11 million in additional funds from other sources due to our assistance.

NE Center for Rural Affairs

Nebraska Advantage

Nebraska Advantage

Nebraska Advantage was designed to create a business climate that makes Nebraska the preferred location for starting and growing your business. In this progressive, pro-business tax climate, corporate income and sales taxes are reduced or virtually eliminated. For details on Nebraska Advantage, contact the Nebraska Department of Economic Development at (800) 426-6505 or online by clicking the logo. You can download a .pdf of the Nebraska Advantage brochure here.Ne Advantage Brochure