Fremont, NE – 7/27/2018— The City of Fremont received the Doug Bereuter Accomplished Community Award yesterday, July 26, 2018, at the Northeast Nebraska Economic Development District’s (NENEDD) annual meeting. The City of Fremont has a long history of collaboration with NENEDD, Greater Fremont Development Council (GFDC), and the Nebraska Department of Economic Development (NDED) to utilize regional and state funding sources combined with local financial resources to foster the development of housing, businesses, and the community.
The City of Fremont is a NDED Economic Development Certified Community and was recently awarded the status as an Opportunity Zone. On February 13, 2018, Fremont was named the Community of the Year at the Nebraska Diplomats Greater Omaha Regional Economic Development celebration. Through these programs, the City has demonstrated preparedness for business growth and is ready to meet the needs of companies seeking new business or industrial locations.
Since 2005, a variety of local, regional, and state programs, as well as local financial resources have been utilized to benefit low-to-moderate income families, remove architectural barriers for disabled persons, and improve deteriorating commercial buildings and public infrastructure. Since 2005, Fremont has invested over $4.8M of Local Option Economic Development Funds (LB840) into the community helping to create over 1,000 new jobs.
Community Development Block Grant (CDBG) program funding of over $5.4M has been utilized to create or retain 93 jobs, and improve 82 single family homes. In addition, façade improvements have been made to 26 businesses, as well as public improvements made to streets and sidewalks.
NENEDD business loan funds of $880,000 have been utilized by 13 businesses to create or retain 78 jobs. NED, Inc. housing program funds have assisted two homeowners with $44,600 in down-payment assistance and $10,994 was invested in one owner occupied rehabilitation project. The recruitment of businesses and housing developments is creating economic growth in Fremont and the surrounding Dodge County. In anticipation of the creation of 1,000 jobs and increased workforce housing demand, the $1.880M