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.
The City of O'Neill will consider
applications for loans that will
create or retain jobs which will benefit low to moderate income persons
and/or for the purpose of guarantying loans for those purposes.
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.
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.
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.
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
<>CDBG or Re-Use Loans
2 Loans totaling $431,900
CDBG
LoansLoan Amount
2000Nebraska Rubber
Innovations, Inc.$241,900
2000R&D
Manufacturing$190,000
Re-Use Loans
<>
2006The current balance available for loans
is $113,298
Rural Enterprise
Assistance Project (REAP) Loans
2002-2006 - 28 REAP loans in O'Neill
totaling $763,750
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. <>
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
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
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
Charitable Assets
2005 – O’Neill Community Foundation
Builder’s Club established – 59 members with funds totaling $61,000
<>Awards
2005 – NCIP Award for Volunteer & Leadership
Development
2005 – Nebraska
Community Foundation Strategic Grant-Making Award
