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Lincoln Advocates for Business

Lincoln, Nebraska continues to build momentum. We are driving innovation, new business creation and job growth. Our city served as the perfect host for the Silicon Prairie Awards, set a record-level number of jobs created, unveiled a Vision Plan to remain globally competitive and much more. With a stable economy, low cost of living and an amazing quality of life make Lincoln, Nebraska a great place to be.

2015 proved to be a tremendous year for primary job growth in Lincoln. Nearly 20 existing companies publicly reported a growth of almost 2,000 jobs and new capital investment of $338 million. These companies represent a wide range of industry sectors, with the technology sector creating the most new jobs. Lincoln continues to have one of the lowest unemployment rates in the United States, 2.1 percent, in the most recent reporting period of November 2015. The Lincoln metro area had a record 192,000 people employed in November 2015 - 4,500 more than the previous year.

“Expansions across several industry sectors continue to drive the job market in Lincoln,” said Pat Haverty, vice president of economic development for the Lincoln Partnership for Economic Development (LPED). “The majority of Lincoln’s recent primary job growth has come through the expansion of local, established companies.” Companies that recently announced their expansions included Hudl, Nelnet, Spreetail, Sandhills Publishing, Resource Pro, Firespring and Ameritas Life Insurance, where LPED assisted with financial incentives, site location assistance and government programs.

LPED is a public-private partnership that provides economic development services in Lincoln that is facilitated through an agreement with the city, in which LPED raises private operating funds that are matched up to a certain level by the city. LPED agrees to perform a full range of economic development services, including business attraction, business retention and expansion, entrepreneurship and innovation development, community promotion and workforce attraction and development. “The partnership provides a variety of services to large and small primary businesses throughout Lincoln,” Haverty said. (A primary business is defined as one whose goods and services are exported outside of the local economy to bring new dollars into the community.)

“LPED is dedicated to retaining young professionals and attracting a skilled workforce for our employers to meet tomorrow’s demand for innovation,” Haverty said. By focusing on key elements to recruit, retain and educate, LPED is activating a TalentLNK program that will focus on talent acquisition and workforce development as a top priority. The TalentLNK program will initially focus on utilizing connections through the Lincoln Young Professionals Group, University of Nebraska-Lincoln Alumni Association and other local alumni networks to create connections and to promote opportunities available in Lincoln.A Strong

economy helps Lincoln GrowLincoln’s economy is rock solid thanks to the growth in jobs, commercial development and one of the lowest unemployment rates in the nation. “It’s been very strong lately,” said economist Eric Thompson, director of the Bureau of Business Research at the University of Nebraska-Lincoln. “It seems like Lincoln is taking a leap forward.” According to the U.S. Department of Labor’s Bureau of Labor Statistics, Lincoln’s unemployment rate consistently hovers in the mid-2 percentage range, which is among the lowest if not the lowest in the nation. The unemployment rate nationwide typically is 5 percent or higher.

Lincoln healthy employment is aided by the fact that state government and the University of Nebraska-Lincoln are based here, and both of these are strong employers. However, despite these large employers, most of Lincoln’s economy is still driven by the private sector.

“Lincoln is a dynamic place,” he said. Thompson attributes strong leadership in the public and private sector. National retailers and other national companies are moving into Lincoln, a clear recognition that Lincoln is a city on the move. While the rest of the nation was in neutral, Lincoln was moving ahead. Now, while the rest of the country is moving ahead slowly, Lincoln is accelerating rapidly.

Lincoln's Largest Employers

B & R Stores Inc.
BNSF Railway
Bryan Health
CHI Health St. Elizabeth
City of Lincoln
Duncan Aviation
Hy-Vee Food Stores
Kawasaki Motors — Manufacturing USA
Lancaster County
Lincoln Public Schools
Madonna Rehabilitation Hospital
Molex Inc.
Nelnet Inc.
State Farm Insurance
State of Nebraska
United States Government
University of Nebraska-Lincoln
Wal-Mart Stores Inc.

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