Nebraska Enterprise Fund Targets Areas of Need
10 Mar 2023
An agency with more than a quarter century of economic development experience in Nebraska is about to launch a new initiative that is expected to yield exponential growth for small businesses across the state.
Jim Reiff heads the Nebraska Enterprise Fund (NEF), and says the agency has seen some tremendous successes, but the best is yet to come as the State Small Business Credit Initiative (SSBCI) receives an influx of funding. The U.S. Treasury Department announced $64 million of SSBCI funds for the Nebraska Department of Economic Development in October 2022. The funds will be divided between a loan participation program and venture capital program. NEF is administering $10.5 million of the SSBCI loan program funds.