The success of many expansion opportunities comes down to three factors: availability of real estate, depth of workforce and operational costs of doing business. Your return on investment for adding manufacturing capabilities, warehousing or distribution depends on how well those three elements align. Greater Omaha and the State of Nebraska have all the right ingredients to fuel tremendous growth for the biosciences industry.

Modern incentives to support growth

Passed and signed into law in 2020, the ImagiNE Act modernizes the state’s economic incentive package. These performance-based incentives reward companies that create new jobs while streamlining the project approval process. With multiple tiers, the program can be leveraged by businesses and operations of all sizes.

One business that took advantage of Nebraska’s incentive package is nutraceutical firm Vireo Resources. Mark Faulkner, Vireo’s CEO, has lots of experience with Nebraska’s pro-business regulatory environment.

“This is a premium location for expansion,” Faulkner said, “Each time the deciding factor in further expansion in Nebraska has been the incentive support the state has been able to offer.”
 

 

Putting Omaha to work for you

The Omaha region is home to some of the best medical minds in the country. Growth at the University of Nebraska Medical Center (UNMC) includes a $1.2B project to capitalize on UNMC’s global leadership in infectious diseases, biopreparedness and continued medical innovation. Pair that with programs that provide startup assistance, access to labs and technology licensing, and you have a winning formula.

From access to innovations coming from UNMC to some of the lowest cost of doing business in the country, the region offers all the factors for success. You’ll have access to the technology and talent needed to take your application from lab to adoption. Breakthroughs happen in Omaha’s supportive medical technology ecosystem.

As a matter of fact, a research collaboration with UNMC and technology licensed from UNeMed is what convinced Vireo Resources to build in Nebraska a decade ago. Their continued partnership and the state’s economic incentives are central to why they are expanding operations near Omaha.
 

 

Bringing it all together

If you’re in a position to expand your geographic footprint, the Greater Omaha region is a great fit. Located at both the center of healthcare innovation thanks to UNMC, and the geographical center of the country, we’re well placed to grow your operation. Your company and your people will find an inviting home, with opportunities for both professional and personal growth. For an industry where innovation is key, Omaha is a region focused on growth and forward movement.

Learn more about the Greater Omaha Chamber >>