Business & Industry

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  • Araujo Electric
  • Bayard Automotive & Towing
  • Bayard Bridal (Prom & More)
  • Bayard City Office
  • Bayard Car Wash/Laundromat
  • Bayard Depot Museum
  • Bayard Grocery
  • Bayard Memorial Chapel 
  • Bayard Processing
  • Bayard Transcript – News
  • Bayard Wilbert Vault
  • Blackshirt Express Trucking LLC
  • Building and Design Construction
  • Chimney Rock Chiropractic
  • Chimney Rock Golf Course 
  • Chimney Rock Licensing 
  • Chimeny Rock Medical Center
  • Chimney Rock Pioneer Crossing
  • Chimney Rock Public Power
  • Chimney Rock Villa
  • Claver Storage
  • Colson Lawn Care
  • Corner Cafe
  • Dollar General 
  • DK Auto
  • Dukeshearer Construction 
  • Jon's Body Shop


  • Kelly Bean 
  • Flip n Dip
  • Flex Fitness
  • Houchin Construction
  • Garden Gate Floral
  • Prairie Therapeutic Message
  • Plumbers Insurance 
  • Rice Construction
  • Ron Hamar Storage
  • Simplot
  • Serda Fine Glass
  • Sink Grinding 
  • Source Gas
  • State Farm Insurance 
  • Terry Snyder Repair
  • Thompson Trailer Court
  • Tiger Paws
  • Trendz Hair Studio
  • Trinidad Bean
  • US Post Office
  • Val’s Guys and Gals
  • Valley Bank & Trust
  • Victoria's Hair Salon 
  • Vera's Auto
  • Vera Fries Barber
  • Wolfe Sand & Gravel
  • Wynne Contracting, LLC

Tax Incrementing Financing (TIF)

Tax increment financing (TIF) is a method of financing the public costs associated with a private development project.  Essentially, the property tax increases resulting from development are targeted to repay the public infrastructure investment required by a project. 

TIF provides a means of encouraging private investment in deteriorating areas by allowing local governments to use future property tax revenues to finance the current infrastructure costs needed to attract development.  Nebraska voters approved TIF in 1978 and the Unicameral passed enabling legislation in 1979.  The legislature has revised the TIF statutes numerous times since. 

Under Nebraska law, TIF projects may be commercial, residential, industrial, or mixed use.  After a project is approved, the locality authorizes the issuance of warrants or TIF bonds to undertake public improvements in the designated area.  TIF bonds may be issued in conjunction with revenue bond issues for water, sewer, or parking purposes and are exempt from state and federal income taxes.  Land assembled for the project is conveyed to the developer at a "fair value."  The developer proceeds with construction in accordance with an approved plan and the bonds are paid off from the increase in property taxes resulting from the development. 

For more information please visit: 

TIFF Funding

The Local Option Municipal Economic Development Act (LB 840, 1991) 

Authorizes incorporated cities and villages to collect and appropriate local tax dollars (sales and/or property tax) if approved by the local voters, for economic development purposes. The Act went into effect on September 6, 1991. 

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.

For more information please visit: 

LB840

The Panhandle Area Development District (PADD) is a public, non-profit, council of governments serving the 11-county Nebraska Panhandle.  PADD is also designated as a Federal Economic Development District by the U.S. Department of Commerce. 

PADD's professional staff is engaged in a wide variety of community and regional activities to improve regional competitiveness, stimulate economic growth, and enhance community vitality.

PADD provides many quality services to assist small businesses.  Our primary services include small business loans, education, and advice.

Six economic development organizations serve the sub-regions, counties, and communities of the Nebraska Panhandle and Goshen County, WY. These organizations are focused on building the economies of their local communities and have resources to assist businesses, entrepreneurs, address housing, and promote economic development through business retention and expansion.  

For more information about PADD and its service please visit: 

PADD

These days, almost everyone wants to be an entrepreneur. The American dream of starting, owning and operating a small business. People everywhere recognize the entrepreneurial spirit as an equalizing force that offers social mobility, economic opportunity and personal freedom.

There is no better way to achieve the dream of business ownership than by researching and writing a business plan. During this process, an entrepreneur can examine all the pros and cons of a business opportunity, analyze the consequences of different strategies and tactics, and determine the human and financial requirements for turning an inspired idea into a viable business venture. Studies show that entrepreneurs who complete business plans are six times more likely than others to build a successful small business.

For more information on starting or improving your business please visit: 

PADD Edge Classes

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A business must be working with a bank or economic development entity in the eleven counties of the Nebraska Panhandle. The bank or economic development entity will help the business determine if they need assistance from the EDLF. If the business qualifies, PADD will work with both the business and the bank or economic development entity to provide financial assistance that will complete the financial package that will best benefit the business. The maximum working capital loan is $100,000. A maximum of $150,000 is placed on all other loans. The Panhandle Area Development District Economic Development Loan Funds will make loans for the following:

 ·  Equipment

 ·  Working capital

 ·  Inventory

 ·  Machinery

 ·  Vehicles

 ·  Real Estate

 ·  Government Infrastructure & Buildings

For more information please visit:

PADD Business Loan Fund

LOIS is the leading online economic development site selection tool in the United States. LOIS provides a GIS-enhanced site database system which gives a strong competitive advantage in the rough and tumble world of site selection. 

To find real estate for business opportunities in Bayard, please click the building site locator button below. 
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