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Council approves incentives for Eaton expansion expected to bring $30 million investment and about 220 new jobs
Summary
Bellevue City Council voted April 21 to authorize an economic development agreement with Eaton Corp that includes up to $400,000 in incentives under LB840. City staff said the expansion will repurpose an existing industrial building, represent roughly a $30 million investment and add about 200–220 new jobs.
Bellevue City Council on April 21 approved an economic development agreement with Eaton Corp that staff said will keep and expand manufacturing operations in the city.
City staff described the incentive package — authorized not to exceed $400,000 under LB840 — as a tool to retain and attract jobs and to put an existing industrial building back into productive use. A city official said the building involved is worth about $22,000,000 and that Eaton plans more than $30,000,000 in investment related to the expansion.
"This is a very exciting time to be part of the electrical industry,"…
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