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
Cargill
Connect Now
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
Runza
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.