NE Asset Modernization Initative

Nebraska Asset Modernization Initative

Tuesday, August 14, 2012

Noon-1 pm

Norfolk Chamber Community Meeting Room – 609 W Norfolk Avenue

Learn about financial incentives to encourage small manufacturing, agricultural processing or food processing companies to invest in modernizing their depreciable assets, machinery and equipment. Small grants are available for eligible investments made by companies with 5 years of operation, employ 2 to 200 people, and have less than $10 million in net depreciable assets. The Modern Asset Grant (MAG) offers a direct grant in an amount up to 6% of the eligible basis not to exceed $30,000 of new or used machinery and equipment. The approval of a grant award reservation must occur prior to committing to acquire the eligible asset.