Council decides on LB840 grants, industrial park

Sidney is taking a new direction in issuing LB840 grants and selling industrial park lots following a special meeting of the City Council Monday with Ed Sadler, city manager, and Melissa Norgard, economic development director.

LB840 grants will be offered to prospective businesses within a range of 20 to 40 percent of overall payroll, rather than based on individual pay rates.

“It makes more sense to us to do it based on the entire payroll of the company that’s moving here,” Norgard said. “Not everyone is going to make the same amount of money.”

At 20 percent, for example, a company bringing i...