Nebraska's economy has remained resilient during the global recession, especially relative to other states. We should not relax-we should harness our competitive advantage to continue to work towards our long-term goals of attracting companies to the State and reinvigorating our rural communities. If we are successful in these two goals, Nebraska will assure itself the standing of an economic powerhouse. Nebraska holds an untapped potential for its future generations, and we need young leaders that will continually work to push Nebraska towards a brighter economic future.
Economic Objective 1
Attract Companies to Nebraska - Nebraska has a great deal to offer companies starting up or looking to relocate: large cities, blue chip companies, well-developed business infrastructure, a high standard of living, and cost savings (Nebraska is the 4th least expensive state for conducting business). Attracting companies to Nebraska will boost our economy by bringing more jobs and investment opportunities.
Economic Approach 1
Offer Economic Incentives - If Nebraska is to become an economic leader, we must become an attractive investment center. Currently, companies must invest a minimum of $250,000 in rural counties or $3 million anywhere else in the state to qualify for economic incentives. We must rework these requirements in order to encourage smaller entrepreneurs and companies to move to the state. Nebraska should also cut the corporate income tax and capital gain tax structures. The economic benefits of more companies, additional jobs, and investment in our communities will far outweigh the corporate income tax loss.
Economic Objective 2
Reinvigorate Rural Communities - Rural communities are the backbone of the Nebraskan economy. Our rural economies are the main support structure for our agricultural economy, and we must make sure that they continue to grow to ensure a healthy future for our state
Economic Approach 2
Encourage Rural Investment -Whether from companies moving to the state, renewable energy projects, or new agricultural ventures, rural Nebraska is full of investment opportunities. We must make sure we are able to capitalize on these opportunities if we want our rural economies to thrive.
I will introduce legislation that requires less than the current $250,000 investment in rural communities, and focuses more on companies that are going to provide employment to our communities. It is these small businesses that keep rural Nebraska thriving, and I will work to make sure that we offer them the best incentives in order to call Nebraska home.