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City of Crete Nebraska

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downtown project

Downtown Revitalization Program

Two application cycles for new set of downtown projects

The City of Crete was one of five Nebraska communities awarded Downtown Revitalization (DTR) funds from Nebraska Department of Economic Development (NDED) in 2020. The award of $445,000 in Community Development Block Grant (CDBG) funds builds . . .

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Economic Development (LB840) Program

The City of Crete's  LB840  Economic Development Plan is funded by an additional 1/2% local option sales tax approved by local voters in November 2010. An advisory board is appointed by the Mayor and City Council to . . .

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Tax Increment Finance (TIF) Program

Tax Increment Financing, or TIF is a tool to assist in financing redevelopment projects in designated blighted and substandard areas of the city.  The City of Crete issues bonds or a promissory note to finance any approved project. . . .

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