The Northeast Economic Development, Inc. (NED, Inc.) and the Northeast Nebraska Economic Development District (NENEDD) Board of Directors held their monthly meetings on Wednesday, February 26, 2025, via conference call.
The NED, Inc. board approved one business loan as well as an owner-occupied rehabilitation housing loan.
Bryce Hinrichs has formed a real estate holding company, Hinrichs Investments, LLC, and is planning the purchase of two adjacent shop condos to expand his current business, Window Medics, LLC. The project will also provide valuable shop space for small business owners to expand their business as well as for personal use from those who desire more space for personal belongings, hobbies, etc. as Norfolk does not have much if any availability of shop space such as this for rent or purchase.
The board also approved one owner-occupied rehabilitation loan for repairs and improvements on a property in Norfolk. After these repairs are completed, the house will meet or exceed all of the required minimum rehabilitation standards.
The NENEDD board approved a business loan to Cbus Hotels, LLC, for working capital to be used in the initial opening of a brand-new dual brand Mariott Hotel with 102 rooms that will connect via breezeway to the new Harrah’s Casino in Columbus.
The complete minutes from the February 26, 2025, NED, Inc. Board of Directors meeting can be viewed here: NED, Inc.
The complete minutes from the February 26, 2025, NENEDD Board of Directors meeting can be viewed here: NENEDD.
The March Northeast Economic Development, Inc. and the Northeast Nebraska Economic Development District Board of Directors meetings will be held on Wednesday, March 26, 2025 via conference call. The NED, Inc. meeting will begin at 7:00 p.m. with the NENEDD meeting to follow. Locations will be posted on our website.
