• Quality Growth Fund Renewal 2020

  • The Quality Growth Fund / North Platte Economic Development Plan is up for renewal on the 2020 general election. In 1991, the state approved the Municipal Local Economic Development Act. Communities can adopt the plan and renew it every 10 years. In 2001, North Platte adopted the fund and has since coined it the ‘Quality Growth Fund’. The fund was again renewed by voters in 2011.

    72 other Nebraska communities have approved an LB840 economic development fund. We are again asking you to VOTE YES on Issues 1 and 2 to renew the Quality Growth Plan on the general election ballot and continue to fund the plan using existing sales tax- that’s right, NO NEW TAX is required. The fund pulls from existing sales income tax structure.

    The Quality Growth Fund has helped 475 businesses through direct and indirect applications. In the past 10 years, North Platte has had $358 million in new projects.  Of those projects, 50 were greater than $50 million since 2011. Those businesses employ local residents and assist in our quality of life. We need this fund to keep North Platte competitive for future growth.

    If you need a few more reasons to vote YES on Quality Growth here are a few more:

    • Quality Growth Fund will be critical in developing the future Industrial Rail Park
    • Funding only happens through sales tax “growth” – this fund does not take away from existing city services
    • Large percentage of local sales tax is paid by non-residents
      • In 2019, 4,999 different zip codes visited North Platte at least twice from 14,444 households.
    • Local control, Public-Private Partnership; Developers and individuals request the funds and work through City Council to be granted the funds. Public meetings allow for citizens questions and comments
    • Accountability; Annual Financial reports at public City Council meetings
    • Quality Growth Fund will be critical in expanding the Twin Rivers Business Park and recruiting industries to North Platte
    • Downtown Revitalization has benefited through façade restoration grants and recent upper street improvements to the “Canteen District
    • Housing projects and local contractors have benefited
    • Recent projects to assist the small business community through COVID-19 helped over 220 businesses through SBA Assistance and Gift Card Boost Programs

     

    This is YOUR COMMUNITY, YOUR FUTURE, YOUR VOTE-   Vote “YES” on Issues 1 & 2 for Quality Growth.

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    For more info visit VoteYesOnGrowthNP.com

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