Exmark Manufacturing is looking to expand to a new building in Beatrice.
On Monday, the Beatrice City Council approved an application for a Site and Building Development Fund grant from the Nebraska Department of Economic Development for $250,000 for Exmark to expand its facility in Beatrice.
The lawn and turf care company is planning a $8.5 million expansion that includes purchasing an existing warehouse building in the Gage County Industrial Park. Exmark plans to use 25,000 square feet of the 84,000 square foot building as storage space and the rest will be office space for the company’s divisional office.
The fund is the same as one received by Neapco in 2014, and a company has to be invited to apply for the grant, said City Administrator Tobias Tempelmeyer.
The grant comes from a department of economic development and can only be received by a local governmental entity or a non-profit organization, which means the city of Beatrice is responsible for applying for the funds, Tempelmeyer said.
“We receive them, we have an agreement with Exmark in this case, where we would forward the funds on to them,” he said.
Included in the application is a letter from Exmark President Judy Altmaier confirming the company’s commitment to purchase the property at 415 Industrial Row in Beatrice and plans to spend around $8.5 million on the project.
The company lists the purchase price for the site at $2.635 million and estimates the rehabilitation of the building will cost $5.362 million, with an additional $453,000 going toward architect, engineering and legal fees.
“Quite honestly, this might be the easiest grant process there is,” Tempelmeyer said. “The grant application, you see, is two pages in your packet, quite smaller than most DED grants that we have. The monitoring is a lot easier to do as well.”
The city council approved applying for the funds unanimously.