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NebraskaLB1205109th Legislature 1st and 2nd SessionslegislatureWALLET

Require the Department of Economic Development to award grants under the Business Innovation Act

Sponsored By: Stan Clouse

Signed by Governor

Banking, Commerce and Insurance Committee

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Grants boost microloans for Nebraska small businesses

The law creates a Small Business Investment Program run by the Department of Economic Development. It gives grants to microloan groups, technical assistance groups, and innovation hubs to expand loans and training for microenterprises. Grants must be matched with nonstate funds equal to 35%. Money can set up revolving or guaranty loan funds, build loan‑loss reserves, cover operating costs (up to 20%), and make microloans up to $150,000. If a microenterprise development assistance group gets microloan funds, at least 50% must pay for small‑business technical help. The department works to spread awards across all regions, can coordinate other funding, and contracts with a statewide microenterprise development group. It can award up to $3 million each year; starting in fiscal year 2027–28, it shall award up to $3 million each year.

Sponsors & Cosponsors

Sponsor

  • Stan Clouse

    legislature

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 155 • No: 0

legislature vote • 4/24/2026

Vote

Yes: 34 • No: 0 • Other: 15

legislature vote • 4/9/2026

Final Reading

Yes: 49 • No: 0

legislature vote • 3/12/2026

Vote

Yes: 34 • No: 0 • Other: 15

legislature vote • 3/4/2026

Vote

Yes: 38 • No: 0 • Other: 11

Actions Timeline

  1. Approved by Governor on April 14, 2026

    4/17/2026legislature

  2. Passed on Final Reading 49-0-0

    4/9/2026legislature

  3. President/Speaker signed

    4/9/2026legislature

  4. Presented to Governor on April 9, 2026

    4/9/2026legislature

  5. Placed on Final Reading with ST66

    3/17/2026legislature

  6. Enrollment and Review ST66 filed

    3/17/2026legislature

  7. Enrollment and Review ST66 recorded

    3/17/2026legislature

  8. Kauth FA865 withdrawn

    3/12/2026legislature

  9. Clouse AM2630 filed

    3/12/2026legislature

  10. Clouse AM2630 adopted

    3/12/2026legislature

  11. Advanced to Enrollment and Review for Engrossment

    3/12/2026legislature

  12. Conrad name added

    3/12/2026legislature

  13. Placed on Select File

    3/10/2026legislature

  14. Andersen name added

    3/9/2026legislature

  15. Advanced to Enrollment and Review Initial

    3/4/2026legislature

  16. Speaker priority bill

    2/20/2026legislature

  17. Placed on General File

    2/17/2026legislature

  18. Referred to Banking, Commerce and Insurance Committee

    1/23/2026legislature

  19. Notice of hearing for February 10, 2026

    1/23/2026legislature

  20. Kauth FA865 filed

    1/22/2026legislature

  21. Date of introduction

    1/21/2026legislature

Bill Text

  • Introduced

    4/17/2026

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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