Nebraska has earned a great reputation for its skilled, hard-working labor force. After all, the state has one of the best educational systems in the U.S. and consistently maintains one of the nation’s lowest unemployment rates (2.4% as of October 2022).
With plenty of opportunities for small businesses, Nebraska holds its proud position in America's Top 10 Best States for Business. This is mainly due to the fact that Cornhusker State combines affordability, flexibility, tangibles, and environmental benefits.
Due to its beneficial location, infrastructure, and utilities, Nebraska can become an ideal place for your business. The state is always ready to provide the necessary support to all new and existing companies of any scale, and it has plenty of resources and incentive programs designed to meet the needs of expanding and relocating businesses.
Uniquely positioned in the center of the country, Nebraska was built for successful business cooperation and connections. After all, Beef State has 9 major airports and over 300 miles of inland waterways.
The article provides captivating statistics on Nebraska's small businesses.
Table of Content
According to Growjo, in 2022, the top 10 fastest-growing companies in the Beef State were as follows:
|Rank||Company Name||City||Industry||2022 Employees||2022 Revenue|
|9||Air Combat Command||Omaha||Engineering||220||$24.2M|
|10||Virtual Incision Corp||Lincoln||Medical Equip||46||$11.5M|
According to Zippia, a list of the top 10 most favorable (by salaries, financial health, and employee diversity) companies to work for in Nebraska looks as follows:
|4||Public Power District||Utilities||Omaha||$1.1B||1,797|
|5||Loup Logistics||Transportation, Trucking, Railroad||Omaha||$19.5B||30,960|
|6||Scoular Chain||Logistics and Supply||Omaha||$530M||1,000|
|7||Crete Carrier||Transportation, Trucking, Railroad||Lincoln||$790M||6,000|
|9||TD Ameritrade||Financial Services||Omaha||$6.0B||8,939|
According to the U.S. Bureau of Labor Statistics, from May 2022 to October 2022, the state's economy, including data on the labor force, nonfarm wage, and salary employment, looked as represented in the table below.
|Data Series||May2022||June2022||July 2022||August 2022||September 2022||October 2022|
|Labor Force Data|
|Civilian Labor Force (number of persons, in thousands, seasonally adjusted)||1,062.7||1,063.5||1,063.2||1,063.2||1,063.5||(P) 1,063.3|
|Employment (number of persons, in thousands, seasonally adjusted)||1,042.7||1,043.3||1,042.1||1,040.8||1,039.9||(P) 1,038.1|
|Unemployment (number of persons, in thousands, seasonally adjusted)||19.9||20.2||21.1||22.4||23.6||(P) 25.2|
|Unemployment Rate (in percent, seasonally adjusted.)||1.9||1.9||2.0||2.1||2.2||(P) 2.4|
|Nonfarm Wage & Salary Employment|
|Total Nonfarm (number of jobs, in thousands, seasonally adjusted.)||1,027.7||1,032.6||1,031.6||1,029.3||1,036.2||(P) 1,038.7|
|12-month % change||2.4||2.5||2.0||1.9||2.8||(P) 2.8|
|Mining, Logging, and Construction (number of jobs, in thousands, seasonally adjusted)||57.7||59.0||59.0||59.6||59.9||(P) 60.9|
|12-month % change||1.6||3.7||3.3||4.2||4.9||(P) 5.7|
|Manufacturing (number of jobs, in thousands, seasonally adjusted)||100.9||102.1||102.2||102.1||101.5||(P) 102.0|
|12-month % change||2.2||2.9||2.2||1.9||1.3||(P) 3.1|
|Trade, Transportation, and Utilities (number of jobs, in thousands, seasonally adjusted)||198.5||198.8||197.9||197.1||199.1||(P) 200.7|
|12-month % change||2.6||2.7||2.2||1.7||3.1||(P) 3.3|
|Information (number of jobs, in thousands, seasonally adjusted)||18.6||18.7||18.9||19.2||19.4||P) 19.4|
|12-month % change||5.7||5.1||5.6||6.7||7.8||(P) 7.8|
|Financial Activities (number of jobs, in thousands, seasonally adjusted)||72.3||71.9||71.4||72.1||71.7||(P) 70.9|
|12-month % change||-0.8||-1.1||-2.1||-1.0||-1.1||(P) -2.2|
|Professional & Business Services (number of jobs, in thousands, seasonally adjusted)||121.5||122.6||122.7||121.6||121.3||(P) 119.8|
|12-month % change||3.8||5.0||4.1||3.4||3.7||(P) 2.7|
|Education & Health Services (number of jobs, in thousands, seasonally adjusted)||161.6||161.7||161.2||160.5||162.2||(P) 162.2|
|12-month % change||3.5||3.3||2.8||2.6||3.9||(P) 3.0|
|Leisure & Hospitality (number of jobs, in thousands, seasonally adjusted)||89.8||91.5||93.0||90.8||93.4||(P) 93.9|
|12-month % change||5.4||5.2||5.3||3.7||7.2||(P) 5.5|
|Other Services (number of jobs, in thousands, seasonally adjusted)||36.9||36.3||36.2||36.4||36.8||(P) 37.4|
|12-month % change||2.5||0.3||-0.8||-1.1||0.8||(P) 1.9|
|Government (number of jobs, in thousands, seasonally adjusted)||169.9||170.0||169.1||169.9||170.9||171.5|
|12-month % change||-0.2||-0.2||-0.7||0.2||0.5||1.2|
*P = Preliminary
According to the Observatory of Economic Complexity, in August 2022, Nebraska managed to achieve a positive trade balance of $296M due to exporting $811M and importing $514M.
Below are detailed export and import statistical facts about Nebraska, including the main directions of the state, trading countries, and industries:
According to IBISWorld, Nebraska's largest industries by revenue are Corn, Wheat & Soybean Wholesaling, Meat, Beef & Poultry Processing, and Health & Medical Insurance. In 2022, these industries generated $18.8b, $17.0b, and $12.6b, respectively.
A list of the top 10 largest industries in the state looks as follows:
|Rank||Industry||Revenue in 2022|
|1||Corn, Wheat & Soybean Wholesaling||$18.8B|
|2||Meat, Beef & Poultry Processing||$17B|
|3||Health & Medical Insurance||$12.6B|
|4||Life Insurance & Annuities||$12.4B|
|5||Property, Casualty, and Direct Insurance||$9.1B|
|7||New Car Dealers||$7.5B|
|9||Gas Stations with Convenience Stores||$6.8B|
|10||Gasoline & Petroleum Bulk Stations||$6B|
Additionally, according to IBISWorld, Nebraska's largest companies by employment are the University of Nebraska, Walmart Inc., and Berkshire Hathaway Inc. All these companies are headquartered in the state and employed 16,000, 13,590, and 11,990 people in 2022, respectively.
|Rank||Company Name||2022 Employment||2022 Employment (%)|
|1||University of Nebraska||16,000||1.6%|
|3||Berkshire Hathaway Inc.||11,990||1.2%|
|5||Offutt Air Force Base||10,000||1.0%|
|6||Valley Health System||9,042||0.9%|
|8||Omaha Public Schools||7,000||0.7%|
|9||Tyson Foods, Inc.||4,000||0.4%|
When it comes to the most favorable business structure in the United States, almost any entrepreneur would agree that it’s a limited liability company (LLC).
To open an LLC in Nebraska, before you get to completing and filing your registration documents with the Secretary of State, make sure you check our list of the main fees and documents to consider as follows:
For more information on all other fees for LLCs in the state, visit this page.
If you’re planning to open a business entity in Nebraska, you can visit the official website of Nebraska and check out a list of useful business resources that can help you find all the necessary information associated with the business formation process in the state and more.
|Rank||Sector||Employment||2022 Growth (%)||Annualized Growth 2017-2022|
|1||Healthcare and Social Assistance||160,449||2.3%||1.9%|
|4||Administration, Business Support, and Waste Management Services||96,936||6.5%||2.0%|
|5||Accommodation and Food Services||74,704||6.2%||1.7%|
|7||Professional, Scientific, and Technical Services||60,096||1.4%||1.6%|
|9||Transportation and Warehousing||51,082||5.9%||5.8%|
|10||Other Services (except Public Administration)||45,733||0.8%||0.7%|
Also, according to the resource, the Manufacturing, Finance, and Insurance and Agriculture, as well as Forestry, Fishing and Hunting sectors contributed the most to Nebraska's gross domestic product (GDP) in 2022, representing a combined 37.6% of the state GDP.