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.













