Nebraska Ag Connection - Small Business Important to Nebraska Economy

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Small Business Important to Nebraska Economy
Nebraska Ag Connection - 08/22/2019

Nebraskans have built their livelihoods and communities one job at a time-primarily though small, family-operated businesses and farms. In the past three years, the Nebraska Enterprise Fund (NEF) has provided $10.42 million in lending to Nebraska's small and micro enterprises impacting 1,473.3 jobs. For 25 years, the organization has been a leader in the development of business service organizations, provision of financial sources to sustain services and directly delivering resources to businesses to aid in the start-up and growth phases of development.

"NEF allowed us to purchase additional used equipment and customer base from another recycler which helped us to grow exponentially. The partnership between Nebraskaland National Bank and NEF has been a great fit for my business," said, Pamela Pacheco owner of ABC Recycling.

Jim Reiff, NEF's executive director states; "we are delighted to have served the entrepreneurs of Nebraska for the past 25 years and look forward to greater growth in the sector for the years ahead. We celebrate the small businesses across the state as we honor, celebrate, and embrace our first 25 years of Success."

The 25th anniversary commemorations throughout the state of Nebraska are offered through sponsorships from: First National Bank, US Bank, N.A., Wells Fargo, Cline Williams Wright Johnson & Oldfather, LLP, CORE Bank, Elkhorn Valley Bank & Trust, Nebraska Bankers Association, City of Norfolk, FranNet of The Heartland, Norfolk Area Economic Development, Northeast Nebraska Economic Development District, Security Bank, Transformation Marketing, Nebraska Investment Finance Authority, Nebraska Public Power District and the Omaha Chamber of Commerce

Go to www.nebbiz.org to learn more and register for the celebration lunch and program in North Platte Sept. 25.

NEF is Nebraska's oldest small business Community Development Finance Institution (CDFI). NEF began in 1994 to support Nebraska's small business eco-system through its revolving loan fund providing gap and direct financing from $1,000 to $150,000, business training, and one-to-one coaching.

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