"Nebraska's Irish Capital"

City of O'Neill

Economic Development Corporation

The O'Neill Economic Development Corporation works with the City of O’Neill and the Holt County Economic Development Department in assisting existing businesses and industry as well as the recruitment of new business to our community. For more information contact Jim Rabe at 402-336-2261.

ECONOMIC DEVELOPMENT LOCAL INCENTIVES

CDBG Funds

The City of O'Neill has teamed area businesses with the Nebraska Department of Economic Development to obtain Community Development Block Grant (CDBG) and loan funds. For more information on how this program may work for you please call 402-336-3640.

Current CDBG projects:

Rowse Hydraulic Rakes, Inc.

Economic Development Re-Use Funds

Since 2008, The City of O’Neill has approved a total of $310,015 in loan funds to local businesses through the Economic Development Re-Use Fund program.

Re-Use Fund Objectives:

1. Provide financing for start-up and existing businesses that cannot obtain sufficient conventional financing or to attract new businesses to the community.

2. To create and retain jobs principally for low-moderate income persons.

3. To diversify the local economy by assisting businesses which are not presently in the community.

4. To encourage the redevelopment and rehabilitation of buildings and land, to include vacant, blighted and substandard areas.

5. To promote entrepreneurship and new business development.

6. To provide necessary public infrastructure to businesses.

Current Re-Use Loans:

08-ED-03 – This project consists of the purchase of equipment for an existing commercial business. This existing business will create an additional full time job. Loan amount - $40,000.00.

08-ED-06 – This project consists of a new business to be located in an existing commercial building. The building will be renovated to accommodate a full service menu of barbeque food items. The new business will create four full time jobs. Loan amount - $10,000.00.

10-ED-05 - This project consists of the purchase of machinery and equipment for an existing commercial business. Loan amount - $ 12,643.00

11-ED-01 - This project consists of the renovation of an existing commercial business. Loan amount - $15,910.00

11-ED-02 - This project consists of a business aquisition and the purchase of equipment for a new commercial business. Loan amount - $8,000.00

12-ED-01 - This project consists of a building aquisition for a new commercial business. Loan amount - $40,000.00

12-ED-02 - This project consists of the purchase of equipment for an existing commercial business. Loan amount - $15,590.00

LB840 Funds

The Local Option Municipal Economic Development Act is based on the premise that communities should use their own tax dollars in ways that best meet local needs. The City of O’Neill is utilizing the LB840 funds to create jobs; generate employment opportunities and increase the number of households in the City of O’Neill and Holt County. Through the attraction of new capital investment in our community we are working towards sustainability and vitality for the community and surrounding area.

Current LB840 Loans/Grants:

01-LB840-13 - A $750,000 grant awarded to Northeast Community College for the O’Neill Extended Campus project

02-LB840-13 - This project consists of the purchase of machinery and equipment for a new commercial business. Loan amount - $50,000.00

03-LB840-13 - This project consists of the purchase of machinery and equipment for an existing commercial business under new ownership. Loan amount - $50,000.00

01-LB840-14 - This project consists of the purchase of equipment for an existing commercial business. Loan amount - $10,000.00

Tax Increment Financing (TIF)

The City of O'Neill has the ability to use TIF to assist new or expanding businesses. TIF is the use of newly created property tax dollars on improvements. It is the use of new tax dollars that would not exist without the project. TIF can only be used in areas that have been designated as blighted and substandard.

Current TIF projects:

Adamson Distributing - Rehabilitation to the real estate by adding a 7,200 square foot addition to the existing distribution/warehouse facility on the real estate.

Evergreen Assisted Living Facility - Rehabilitation of real estate for use as an assisted living facility for the elderly.

Holiday Inn Express - Change in current land use by acquisition and demolition of existing motel due to obsolescence and condition of the premises. New structure will include meeting rooms and an indoor pool.

Church Street Area Redevelopment Plan - The project entails the engineering, easement acquisition, installation and financing by the City of O'Neill of paving, curb, gutter and storm sewer in the Church Street addition.

21st Century Growers Hydroponics - Facility - Rehabilitation of real estate for constructing a ten acre hydroponic green house.  

Bank First – Facility – Rehabilitation of real estate for constructing a full service banking facility.  

M.J. Kersenbrock D.D.S – Demolition and removal of existing building, demolition of concrete structures and site preparation, site acquisition, installation of utilities and new construction of a dental facility.

For available development sites see following real estate links:

Earley Real Estate

Farmer's National

Waldo Realty

O’NEILL Economic Development Accomplishments 2000-2009

Business Recruitment and Development:

2000 – R&D Manufacturing

13 FTE’s and 1 PT
Annual payroll of $250,000

2000 - The Evergreen Assisted Living

13 FTE’s and 8 PT and 4 on-call employees
Annual payroll of $349,731
$216,487 approved in Tax Increment Financing

2000 – Holiday Inn Express

6 FTE’s and 10 PT
Annual payroll of $151,270
$271,604 approved in Tax Increment Financing

2004 – Holt County 21st Century Growers LLC

48 FTE’s and 6 PT
Annual payroll of $1,241,840
$4,114,000 in sales annually
$500,000 approved in Tax Increment Financing

2005 - Bank First

6 FTE’s and 1 PT
Annual payroll of $295,900
$230,000 approved in Tax Increment Financing  

Business Expansion:

2000 - Adamson Distributing

Tax Increment Financing assisted Adamson Distributing in the expansion of the current facility with a 7,200 square feet addition and 1 FT position
$17,117 approved in Tax Increment Financing  

2009 – MJ Kersenbrock DDS

Tax Increment Financing to assist with demolition and removal of an existing building, demolition of concrete structures, site preparation, site acquisition and the installation of utilities.
$151,800 approved in Tax Increment Financing
5 FTE’s

CDBG or Re-Use Loans:

2 Loans totaling $431,900                    

CDBG Loans                                                                        Loan Amount            

2000    Nebraska Rubber Innovations, Inc.                              $241,900            

2000    R&D Manufacturing                                                     $190,000            

Re-Use Loans: See loans listed above.

Rural Enterprise Assistance Project (REAP) Loans

2002-2009 - REAP loans in O'Neill totaling $606,500

Increase in Retail Sales

2001-2005 - Retail sales increased in O’Neill by 7.5%.

Grants Received 

2000 – Finalization of down payment assistance CDBG in the amount of $175,000 for first time homebuyers; 12 individuals and families served.

2001 – Planning CDBG in the amount of $24,600 to complete a comprehensive plan, economic development strategic plan as well as a city-wide blight study.

2003 – Down payment assistance CDBG in the amount of $200,000 for first time homebuyers; 16 individuals and families served.

2004 – Pinnacle Bank challenge grant to the O’Neill Community Foundation in the amount of $25,000 to grow an endowment fund.  The Foundation will receive an additional $25,000 if endowment reaches $500,000.        

2005 – O’Neill Home Town Competitiveness awarded $75,000 Kellogg Grant. 

2005 – Economic Development CDBG in the amount of $130,000 for Rural Enterprise Assistance Project (REAP).  The City of O’Neill is administrative agent with REAP staff implementing business training, lending and servicing under a sub recipient agreement.

2007 – Safe Routes to School Grant in the amount of $93,538 for installation of approximately 3,000 feet of sidewalk on the north side of Hynes Avenue, from 10th Street to Highway 281.  

2007 – Peter Kiewitt Foundation Grant in the amount of $24,000 to help offset the cost of purchasing the historic lights for downtown O’Neill.  

2007 - Economic Development CDBG in the amount of $105,000 for Rural Enterprise Assistance Project (REAP).  The City of O’Neill is administrative agent with REAP staff implementing business training, lending and servicing under a sub recipient agreement.

2009 - Economic Development CDBG in the amount of $52,500 for Rural Enterprise Assistance Project (REAP).  The City of O’Neill is administrative agent with REAP staff implementing business training, lending and servicing under a sub recipient agreement.

2009 – Peter Kiewitt Foundation Grant to the O’Neill Community Foundation in the amount of $20,000 for emergency relief grant fund to help meet essential human needs, especially during these harsh winter months.

2010 - Peter Kiewitt Foundation Grant to the O’Neill Community Foundation in the amount of $20,000 for emergency relief grant fund to help meet essential human needs, especially during these harsh winter months.

Hometown Competitiveness Program

Entrepreneurship

EDGE Class in 2005 – 13 businesses participated – 7 from O’Neill
EDGE Class in 2006 - 6 businesses participated – 2 from O’Neill
Completion of 19 business visitations with the Center of Rural Entrepreneurship
Business Plan Class in 2007
Hosted Business Transition Seminar in 2007
Quick Book Classes co-sponsored with REAP – 10 O’Neill businesses participated

Youth

2005 – Stayin’ Alive with Community Pride Rally with guest speaker Congressman Tom Osborne
2006 – Youth representative Bergan Carr graduates from the Holt County Leadership Institute
2006 – Youth representative Heath Lichty was appointed as youth liaison to the City of O’Neill Park Board
2006 – Youth representatives Avery Schneider and Emily Sallach were appointed as youth liaisons to the Chamber of Commerce Board
2008 - Youth representatives Avery Schneider and Shianne Coventry graduate from the Holt County Leadership Institute
2008 – Youth Philanthrophy Award given to Bergan Carr and Emily Sallach by the Association of Fundraising Professionals Nebraska Chapter
2008 – Emily Sallach and Bergan Carr were appointed to serve on the Governor’s Youth Advisory Council.
2009 – Youth representative Emily Sallach graduates from the Holt County Leadership Institute.

Leadership

2005 – Atkinson/Stuart Leadership Institute with 24 graduates- 2 O’Neill participants
2006 – Atkinson/Stuart/O’Neill Leadership Institute with 23 graduates - 8 O’Neill participants
2006 – First O’Neill Community Fair held at the National Guard Armory
2006 – “Welcome to O’Neill” program begins with welcome bags being presented to new individuals and families to O’Neill
2007 - Atkinson/Stuart/O’Neill Leadership Institute with 14 graduates - 4 O’Neill participants
2008 - Atkinson/Stuart/O’Neill Leadership Institute with 16 graduates - 5 O’Neill participants
2009 - Atkinson/Stuart/O’Neill Leadership Institute with 14 graduates - 2 O’Neill participants

Charitable Assets

2005 – O’Neill Community Foundation Builder’s Club established – 59 members with funds totaling $61,000
2005 – 2009 – O’Neill Community Foundation has awarded $33,400 in grants to local organizations
2009 – O’Neill Community Foundation Builder’s Club – 83 members with an endowment of $228,000

Awards

2005 – NCIP Award for Volunteer & Leadership Development
2005 – Nebraska Community Foundation Strategic Grant-Making Award
2007 – NCIP Award for Orthopedic Physician/Recruitment for Avera St. Anthony’s Hospital

The City of O’Neill is a partner in the Holt County Economic Development effort. HCED has been established through an inter-local agreement and is a partnership of all municipalities to enhance and promote economic vitality and a strong sense of community for existing and future businesses in Holt County.  For more information on HCED or to start up or relocate a business in O’Neill, please contact Holt County Economic Development Director Nicole Sedlacek at 402-336-1504 ornicole@growholt.com. Please visit HCED’s website and witness all of the exciting activity in Holt County. 

Holt County Economic Development