Tuesday, July 31, 2007

In Search of Funding for Community Improvement Projects

Since the very first days this publication, our readers have suggested many ideas for community improvement projects. Regardless of the need or feasibility of these proposals, however, critics often counter by mentioning the challenge of funding these projects.

Whether it is paving the streets or addressing the water infrastructure, the common question asked is: where is the money going to come from? We thought we would work to uncover a few sources.

According to NEBRASKA DEVELOPMENT NEWS, a monthly newsletter published by the Nebraska Department of Economic Development (DED), communities can find funding for community development activities through the Community Development Assistance Act (CDAA). The CDAA provides a 40 percent state tax credit to individuals, businesses, financial institutions and other entities that make eligible contributions of cash, services, or materials to approved community betterment projects.

A 40 percent tax credit is nothing to sneeze at. Applicants must be a village or other local government, or a non-profit 501 (c)(3) organization. The area to be served by the project must be designated by DED as an area of economic distress.

Another source of funding is the Nebraska Lied Main Street program, which provides smaller Nebraska communities with resources to help revitalize their main street districts through economic development and historic preservation. New communities are selected on a competitive application process. Nearby towns that have benefited from the program include Geneva.

While the CDAA and Main Street programs are neither silver bullet solutions nor are they easy to obtain, we think Dorchester leaders should consider both as potential pieces of the puzzle when it comes to funding sources.

6 comments:

  1. I guess i am a little confused at the idea of improving the water system. We are currently paying off a bill for a system that was fixed a short time ago.

    Our water samples are collected each month and tested. What is wrong with the water???

    ReplyDelete
  2. Fair question, Anonymous.

    We did not intend to imply that there are major problems with Dorchester's water infrastructure or water quality. In our post, we simply mentioned a couple of big ticket expenses that typically face all communities (streets, water systems, etc.).

    Compared to nearby communities, we are pleased with Dorchester's water delivery.

    However, we agree with a reader who recently commented about the water tower's appearance. It could use some work.

    ReplyDelete
  3. I would comment as clarification, the Lied Main Street Program in Nebraska does not offer funding. The Main Street Program is more like a self-help program that organizes and motivates the communities to become more commercially viable through strategies like design, promotion and overall business education. It's a good program but it's takes passionate people with positive attitudes, which have become snags in other communities that have tried it.

    Because this is a "search for funding" topic I will also include this:

    Community Enhancement Program
    The Nebraska Community Enhancement Program (CEP) is a cooperative effort of the Nebraska Department of Roads (NDOR), Nebraska Forest Service and Nebraska Statewide Arboretum. This program makes available federal transportation funds to assist communities and other public entities in Nebraska with the implementation of landscaping projects on public property that improve the state's transportation corridors. Typical projects include trail and street tree plantings, highway corridor improvements, and landscape enhancements to community signs and entry-ways. For information about the program, contact Sue Kohles at (402) 472-2212 or email skohles2@unl.edu.


    Could be used for some new landscaping efforts along the islands, or to create an entry garden by the museum...a lot of opportunity.

    Check out the site
    http://arboretum.unl.edu/community.html
    for more information on this grant.

    ReplyDelete
  4. Thank you, Mike. We appreciate your expertise and suggestions.

    We especially like the idea of the garden entry to the museum. Hopefully our Saline Historical Society members are reading.

    ReplyDelete
  5. Here's another state program I'd recommend that Dorchester leaders examine: the Entrepreneurial Communities Act provides grants to entrepreneurial projects. Only local units of government are eligible for these grant funds. If your town qualifies, funds can be obtained to encourage business owners to occupy your main street. Wouldn't it be great to see the town buy and fix up one of the main street buildings and rent it to an entreprenuer with a good business idea?

    ReplyDelete
  6. Look Dorchester has been remembered: The Hometown Heritage Club recognizes our friends who have made provisions in their estate plans with a future gift intention of any amount for the Nebraska Community Foundation or an affiliated fund.
    Marcia A. Boden-Dorchester
    Marcia A. Boden Gift Annuity Fund
    (Dorchester)http://www.nebcommfound.org/
    AnnualReports/2006annualreport-fax.pdf

    ReplyDelete

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