The Nebraska Department of Economic Development is seeking applications for its Shovel-Ready Capital Recovery & Investment Act Grant Program.
Donor Name: Nebraska Department of Economic Development
State: Nebraska
County: All Counties
Type of Grant: Grant
Deadline: 07/01/2024
Size of the Grant: $250,000-$30,000,000
Details:
The purpose of the Shovel-Ready Capital Recovery and Investment Act is to partner with the private sector by providing grants to qualified nonprofit organizations to assist such organizations with capital projects that have been delayed due to COVID-19 or that will provide a positive economic impact in the State of Nebraska.
Funding Information
The amount of any grant shall not exceed the amount of funds to be supplied by the qualified nonprofit organization from other sources, and are subject to the following limitations:
- Estimated Cost of Capital Project (Less than $500,000): $250,000
- Estimated Cost of Capital Project ($500,000 -$4,999,999): $1,500,000
- Estimated Cost of Capital Project ($5,000,000 – $24,999,999): $5,000,000
- Estimated Cost of Capital Project ($25,000,000 – $49,999,999): $10,000,000
- Estimated Cost of Capital Project ($50,000,000 – $99,999,999): $15,000,000
- Estimated Cost of Capital Project ($100,000,000 or Greater): $30,000,000
Eligibility Criteria
An eligible applicant is a qualified nonprofit that:
- Is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code; and
- Has a capital project that:
- Was delayed due to COVID-19; or
- Provides a positive economic impact in the State of Nebraska
The Shovel-Ready Capital Recovery and Investment Act defines a “qualified nonprofit organization” as a tax-exempt organization under the Internal Revenue Code section 501(c)(3) that:
- Is related to arts, culture, or the humanities, including any organization formed for the purpose of developing and promoting the work of artists and the humanities in various visual and performing forms, such as film, sculpture, dance, painting, horticulture, multimedia, poetry, photography, performing arts, zoology, or botany;
- Operates a sports complex; sports complex means property that includes indoor areas, outdoor areas, or both; is primarily used for competitive sports; and contains multiple separate sports venues. Sports venue includes, but is not limited to: a baseball field, softball field, soccer field, outdoor stadium primarily used for competitive sports, an enclosed, temperature-controlled building primarily used for competitive sports
- Is a postsecondary educational institution in a city of the metropolitan class and partners with an organization hosting a regional or national event for purposes of infrastructure development related to furnishing and equipment for a health sciences education center, enhanced mobility by vacation of a public street, pedestrian safety, and construction of a community athletic complex; or
- Is a county agricultural society with facilities located within the boundaries of a city of the primary class
- Sports complex means property that:
- Includes indoor areas, outdoor areas, or both;
- Is primarily used for competitive sports; and
- Contains multiple separate sports venues; and
- Sports venue includes, but is not limited to:
- A baseball field;
- A softball field;
- A soccer field;
- An outdoor stadium primarily used for competitive sports;
- An outdoor arena primarily used for competitive sports; and
- An enclosed, temperature-controlled building primarily used for competitive sports
- Sports complex means property that:
Due to the amount of funding available, postsecondary educational institutions are only eligible to apply for the funding set aside as described in Nebraska Revised Statute § 81-12,225(2)(a).
For more information, visit NDED.
