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By Jonathan Hladik
Policy director Center for Rural Affairs 

Growth created by Microenterprise Tax Credit can boost local economies

 

October 14, 2021



From hair salons and restaurants to grocery and hardware stores, more than 80% of the state's entrepreneurs operate a microbusiness. Their hard work helps keep our community strong and our Main Street alive.

With recent updates to the Nebraska Advantage Microenterprise Tax Credit, more of these small business owners are eligible for one of the state's only incentives available to businesses of five or fewer employees.

The Nebraska Advantage Microenterprise Tax Credit is a 20% refundable tax credit for up to $20,000. To qualify, an applicant must make an investment which will grow their busi...



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