PILLEN ANNOUNCES PICKS FOR TAX INCENTIVE-ELIGIBLE 'OPPORTUNITY ZONES,' A SLATE STRETCHING STATEWIDE

LINCOLN— Gov. Jim Pillen announced Nebraska's 28 recommended Opportunity Zones, which have been submitted to the U.S. Treasury for certification. The federally designated zones are intended to attract private investment through tax incentives, encouraging economic development, job creation, and the construction of affordable workforce housing. Selected communities include Omaha, Lincoln, Lexington, Scottsbluff, Norfolk, North Platte, McCook, Hastings, Columbus, and several other cities across the state.

A major focus of the announcement was Lexington, where the closure of the Tyson Foods beef plant resulted in the loss of about 3,000 jobs. Local officials believe the opportunity zone designation will help attract new businesses, stimulate housing development, and support the community's economic recovery. Gov. Pillen said the program will encourage public-private partnerships and investment throughout Nebraska.

The updated Opportunity Zones 2.0 program, established under the 2025 federal tax law, expands incentives for long-term investment, particularly in rural communities, while adding stronger reporting and accountability requirements. State officials said Nebraska selected the final 28 zones based on investment readiness, economic need, and the potential to generate lasting community benefits.

Click HERE for the full article