Grant Opportunity for New & Existing Business Startups through Nebraska Small Business Assistance Act (NSBAA)

A new program is available through the Nebraska Department of Economic Development (DED) and the GROW Nebraska Foundation. The NSBAA (Nebraska Small Business Assistance Act) program’s goal is to support those looking to start a small business or planning to expand a small business that was opened within the past five years. A small business is defined as a business with no more th five full-time equivalent employees based on hours worked (not including the business owner).

Program benefits include:

1. Grants for new and existing businesses

            – New business startups – up to a $25,000 grant

– Existing businesses – up to a $12,500 grant

2. Funding to access professional services. These services may include assistance setting up an LLC, business planning, website development, tax return preparation, and more.

Eligibility for New Business Startups:

1. Business is less than two years old
2. Individual earnings < $55,000 in the previous calendar year
3. Personal net worth < $200,000 (not including personal residence)
4. Must not have ownership (>50%) in another business

Eligibility for Existing Businesses:

1. Business has been in operation five or fewer years
2. Gross revenues have not grown by more than 25% in the previous calendar year
3. Personal net worth < $200,000 (not including personal residence)
4. Must not have ownership (>50%) in another business

To view additional program eligibility requirements, please visit the GROW Nebraska’s NSBAA website: https://grownebraska.org/nebraska-small-business-assistance-act/

To submit a pre-application form, individuals may visit NSBAA Program Pre-Application (wufoo.com)

Investment Advisory Services provided through McMill Wealth Inc, a Registered Investment Advisor.