KOLNKGIN - News - Headlines

Union Pacific Jobs

By: Associated Press
Updated: Tue 4:05 PM, Jan 13, 2004

Two of the state's largest tax break programs are being credited with helping to lure more than 1,000 jobs to Omaha from St. Louis.

Union Pacific Railroad announced Tuesday that the jobs will be transferred and housed at its new headquarters.

UP chairman and CEO Dick Davidson says without Nebraska tax incentives, the 1,038 jobs would not have been moved.

He says the tax breaks helped UP afford to make its headquarters even bigger than planned.

The company is expected to qualify for tax breaks under the Invest Nebraska Act and LB775.

Davidson says incentives under 775 alone would not be enough to have made it affordable to bring the jobs.

He did not have an estimate as to how much the company would receive in tax breaks.

The incentives are not given out until the company meets required job and investment levels.


Special Features

Hot Button
What's hot on 10/11 news
Lance's Journal
Inspirational and intriguing stories
Star City Buzz
Find out what's happening around Lincoln!
Health tips and stories
Big Bonus Bucks
1/2 price gift certificates!
NBA Scholarship
Nebraska Broadcasters Association scholarship program
KOLN-TV Call: (402) 467-4321 Toll-free: 1-800-475-1011 840 North 40th Lincoln, NE 68503 Email: info@1011now.com KGIN-TV Call: (308) 382-6100 123 N Locust Street Grand Island, NE 68802 Email: kgin@1011now.com KSNB-TV Toll free 888-475-1011 123 N. Locust St. Grand Island, NE 68802 Email : ksnb@1011now.com
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 578902