The Manufacturing Modernization Pilot Investment Act is a new legislative initiative aimed at enhancing the manufacturing sector in Nebraska by providing one-time grants to eligible manufacturing operations. The act defines eligible operations as manufacturers with specific criteria, including a minimum of three years in business, a significant portion of revenue derived from manufactured goods, and the ability to provide matching financial support for modernization projects. The grants, which can be up to $250,000, are intended to assist these operations in adopting smart technologies and improving productivity, thereby contributing positively to the state's economy.

The act establishes the Manufacturing Modernization Pilot Investment Fund, which will be administered by the Department of Economic Development and funded through legislative appropriations and other sources. Applications for grants will be accepted from October 1 to November 1, 2025, and will be evaluated based on the order received and the availability of funds. Additionally, the act includes provisions for repayment of grant funds if an operation no longer meets eligibility requirements and allows the department to create necessary regulations for implementation. The act is set to take effect immediately upon passage due to the declaration of an emergency.