Building Rural Economic Development in Nebraska
GrantID: 13749
Grant Funding Amount Low: $600,000
Deadline: Ongoing
Grant Amount High: $1,200,000
Summary
Grant Overview
Rural Economic Development through Tech in Nebraska
Nebraska faces considerable capacity gaps that hinder economic growth in its rural areas. With approximately 91% of the state designated as rural, many locations struggle with access to the necessary resources for technological advancement and entrepreneurial growth. The state’s workforce is predominantly agriculture-based, yet there is a pressing need for diversification into technology and innovation to drive future economic resilience.
Entrepreneurs in rural Nebraska face significant challenges, including limited access to venture capital, mentorship programs, and networking opportunities compared to urban counterparts. Additionally, the lack of infrastructure, such as reliable broadband internet, exacerbates these issues, making it difficult for tech startups to launch and thrive in these communities. This situation contributes to depopulation trends and economic stagnation in areas that could otherwise benefit from vibrant startup ecosystems.
This grant initiative aims to address these capacity barriers by providing resources specifically tailored for rural tech entrepreneurs in Nebraska. Funding will be allocated for developing mentorship networks, providing training programs, and investing in critical infrastructure improvements such as broadband expansion. These efforts will create a supportive environment for startups, helping to ensure they have the tools and guidance needed to succeed.
The intended outcomes of this funding initiative include an increase in tech startup formations and job creation in rural communities across Nebraska. By cultivating local talent and enabling access to technology resources, the initiative aspires to diversify the state’s economy, thus reducing reliance on traditional sectors such as agriculture. These efforts are not only crucial for economic growth but also for revitalizing rural communities facing demographic decline.
Implementation will focus on collaboration with local organizations, educational institutions, and tech industry leaders. By partnering with established entities, the initiative can tailor support systems that address the specific challenges faced by rural entrepreneurs. This approach positions Nebraska to harness technology as a means for economic development, ensuring that rural areas are not left behind in the digital age.
Eligible Regions
Interests
Eligible Requirements
