Small Business Policy News

Tax credits should help the distressed

The most effective and desirable economic development strategy for many rural communities is small entrepreneurship. Small businesses are especially important today, as opportunities to attract large employers to remote rural areas diminish.

For the past decade, the Nebraska Advantage Microenterprise Tax Credit has played an essential role in helping these businesses get started. Passed in 2005, the act provides tax credits to applicants for creating or expanding microbusinesses that contribute to the revitalization of economically distressed areas.

Communities Strengthened through Business to Business Connections

New immigrants have started new businesses throughout the country. However, in small towns with growing new immigrant populations, we found that few long-time residents patronize these new businesses. And few new immigrants patronize long-time residents’ businesses. It seems like a missed opportunity.

Language barriers or the fear of not being welcome are often causes. How can you break through that barrier? We asked that question in two small towns recently. Part of the answer seems to be in developing inclusive “Business to Business” tours.

Keep Your Eye on the Money

You can learn a lot about how or why certain decisions are made if you follow the money. For four decades the Center has been doing just that.

Ground-breaking Center for Rural Affairs reports from our early years were—at their core—an analysis of how money and investment trends were affecting small towns, family farmers, and rural people.

This included our early report, Who Will Sit Up with the Corporate Sow?, which documented the financing trends that underscored the initial industrialization of hog farming in this country.

Nebraska Tax Committee Update

This fall the Tax Modernization Committee, a group of Nebraska state senators charged with evaluating our state's tax system, held public hearings across the state.  We are happy to report that Center for Rural Affairs' supporters testified at each of the hearings!

Most Nebraskans who testified at the hearings support property tax relief and a few support income tax cuts. The Tax Modernization Committee is meeting in executive session to discuss committee recommendations thoughout November.

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