Business Law News Headlines

New Funding to Support Work with Microenterprises

LINCOLN, NEB. —Governor Dave Heineman has awarded $447,750 to 12 microenterprise programs statewide to assist in covering operating costs associated with providing lending, pre- and post-loan technical assistance, and training for self-employed businesses (five or fewer employees) across Nebraska.  

These funds are a result of passage of the Nebraska Microenterprise Development Act in 1997. The Nebraska Department of Economic Development contracts with the Nebraska Microenterprise Partnership Fund (NMPF) to administer the grants to programs.  In addition to the grant funds, NMPF raises loan capital that programs may use in making loans to businesses.

Micro program fund recipients will match the $447,750 with more than $2.3 million of public and private funds (not including other state funds).  This two-tiered matching results in the state dollars being multiplied several times.

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	Did You Know?
	Negligence can relate to business activity Negligence is a tort, meaning it is a kind of wrongful act giving rise to a civil court action, usually for damages. Business activity can give rise to negligence in many different ways, for example, through selling defective goods or defective services. To show there has been negligence a plaintiff (someone bringing a case of negligence against a company) must prove the company had a legal duty of care, was in breach