Good Life Transformational Projects Act
The Good Life Transformational Projects Act funds large-scale, innovative development projects in Nebraska to boost jobs, industry, and tourism, administered by the Nebraska Department of Economic Development.
Funder: Nebraska Department of Economic Development
Due Dates: December 30, 2024: Deadline to apply to create a Good Life District | September 3, 2025: Deadline for eligible Good Life District applicants to submit project area applications | December 31, 2026: Submission close date for Project Area Application
Funding Amounts: No set maximum; projects must meet minimum investment thresholds ($100M–$1B+) and job creation targets based on location and city class. Districts operate for up to 30 years with reduced state sales tax rates for qualifying transactions.
Summary: Supports unique, large-scale development projects in Nebraska aimed at driving economic growth, job creation, and expanding retail, entertainment, and tourism.
Key Information: Applicants must demonstrate controlling property rights and meet strict investment and job creation thresholds; foreign adversarial companies are ineligible.
Description
The Good Life Transformational Projects Act, administered by the Nebraska Department of Economic Development (DED), is designed to catalyze major economic development in Nebraska through the creation of designated Good Life Districts and associated project areas. The Act targets projects that will attract new industries, increase employment, and enhance Nebraska’s retail, entertainment, and tourism sectors. Successful applicants benefit from a reduced state sales tax rate within the district and a 30-year project term, provided they meet ongoing investment and reporting benchmarks.
