Northeast Nebraska Economic Development District (NENEDD)

A 17-county regional development organization that encourages cooperation between local government officials, community based organizations and the private sector. NENEDD provides the “link” between federal and state programs and the local level where development actually occurs. The mission of NENEDD is “build communities, empower families and advance businesses through the use of a Comprehensive Economic Development Strategy (CEDS).” 80 local units of government are active participants as dues-paying members along with over 80 private businesses and agencies that are associate members of NENEDD.

NENEDD’s Revolving Loan Fund (RLF) was created to fund economic development projects in northeast and north central Nebraska. These RLF loans provide for subordinate or gap financing for businesses, in conjunction with local financial institutions; allowing the business owner the ability to start a business, expand a current business, transfer of ownership or purchase an existing business. These loans are perfect for financing fixed assets such as land, building, equipment and working capital. Loans typically range from $5,000 to a $100,000 maximum. At least one (1) job must be created or retained for each $20,000 in loan dollars. Loan dollars may not represent more than 40% of the total financing needs. 10% – 20% equity is generally required.