Our Funding: How We’re Funded

Albion Economic Development Corp. is funded by a combination of memberships and a portion of city sales tax under LB 840. 

The Local Option Municipal Economic Development Act (LB840, 1991) authorizes incorporated cities and villages to collect and appropriate local tax dollars—including sales and/or property tax, if approved by the local voters—for economic development purposes.

The Act involves the formulation of the local economic development program plan. The plan forms the foundation for the collection and expenditure of local tax revenues for economic development and, if the voters approve the plan, the provisions of the local plan becomes the basis under which the municipality’s program operates.

AEDC receives one-quarter-cent city sales tax to use toward economic development projects.

Our Members: 2018 Member List

3C’s – Cleveland’s Cafe & Catering

Albion Chamber of Commerce

Albion Dental Clinic

Albion Family Dental

Albion Housing Authority

Albion News

Applied Connective Technologies

Beaver Bearing Co.

Bev Dailey Realty & Insurance

Bird & Wright, PC

Black Hills Energy

Boone County Bank

Boone County Health Center

Cardinal Inn Hotel & Event Center


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Cornerstone Insurance Group

Cornhusker Public Power District

Country Partners Cooperative

Eagle Communications

Eye Physicians, PC

Farm Bureau Financial Services

Good Life Pharmacy

Good Samaritan Society-Albion

Gragert’s Market

J’s Auto Repair

Jarecki Yosten Maul PC, LLO

Jarecki’s Lawncare & Greenhouse

Just Paint It

Kayton International

Leifeld’s Furniture & Floor Covering

LoCo’s Designer T’s & More

Loup Power District

Main Street Hardware

MJK Ag Solutions

Pillen Family Farms Milling


Schalk Auto

Sentinel Buildings

State Farm Insurance

The Gray Haired Trout

Town & Country Vet Clinic

Wagonhammer Cattle Co.

Wells Drug & Hallmark

White Star Oil Co.

Zoucha Hay Grinding, Inc.