Edward Breckenridge Agency Inc and LB Insurance Services: Edward Breckenridge Agency, Inc

ID

61

OrgName

Edward Breckenridge Agency Inc and LB Insurance Services

PhysicalAddress

6020 Ames Ave Omaha, NE 68104

MailingAddress

Website

SocialMediaAccounts

Face Book

Name

Edward Breckenridge

Title

EmailAddress

ebrecken@amfam.com

Phone

+1 (402) 455-4545

Team

No

TeamExplanation

OrganizationalChart

OtherCompletedProjects

ProposalTitle

Edward Breckenridge Agency, Inc

TotalBudget

250000.0

LB1024GrantFundingRequest

250000.0

ProposalType

Capital project

BriefProposalSummary

We are two insurance companies that share one building at 6020 Ames Ave, Omaha 68104. One agent is captive and the other is a broker. We are able to keep insurance options in the community by referring business to each other. We are looking to grow both business by expanding the building and hiring more staff to be able to accommodate the community with jobs and more insurance options. This will keep money in the community and let the dollar circulate more often. Because of our vision, we believe that the timeline should take less than six months.

Timeline

If we are able to start early 2023 the project should be complete with in 6 months

PercentageCompletedByJuly2025

1.0

FundingGoals

Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha) Transformational (i.e., a proposal that will help energize, recharge, or spur significant and favorable advancements in North or South Omaha's function or appearance)

Community Needs

Other Policy (i.e., develop or improve context-sensitive education, finance, health, training, zoning, etc.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

Our proposal would address financial and quality of life. One way this can be achieved is by educating the community on how the investment of life insurance could dramatically affect a family financially and for generations.

VisioningWorkshopFindingsAlignment

We would bring jobs and foster new businesses to the community by offering space for interested businesses to lease.

PrioritiesAlignment

Our proposal aligns with LB1024 strategic properties by recognizing the need for jobs and economic development. We want to offer jobs with benefits and good wages.

EconomicImpact

The jobs we would offer are for customer services representatives (CSR) and people who currently hold an insurance license. We would also offer education and help people to get licensed. The starting wages for the CSR would be $14 per hour and a licensed employee would be $17 per hour plus commissions.

EconomicImpactPermanentJobsCreated

6 permanent jobs

EconomicImpactTemporaryJobsCreated

EconomicImpactWageLevels

Starting wages would be $14 for a CSR and $17 and hour for someone with a license, plus commission opportunities

EconomicImpactAlignProposedJobs

CommunityBenefit

This proposal would jobs to the community and the construction would help beautify the area/community.

CommunityBenefitSustainability

This proposal would help by bringing pride and jobs and can also help with quality of life by us educating the community on how insurance can help with everyday financial decisions.

BestPracticesInnovation

OutcomeMeasurement

By us being able to offer higher wages we are able to teach and hire adequate staff to accommodate the community

OutcomeMeasurementHow

They would be measured by the retention of our business and feed back from our customers.

OutcomeMeasurementCoinvestment

N/a

Partnerships

No

PartnershipsOrgs

PartnershipsMOU

Displacement

No

DisplacementExplanation

PhysicalLocation

We are a standalone building located at 6020 Ames Ave Omaha, NE 68104 and we are looking to add an addition to the building and hire more staff.

QualifiedCensusTract

Adjacent to one or more QCTs

AdditionalLocationDocuments

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

The construction of the building is based off of the amount to build per Square foot ($250.00)

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

File will be uploaded

GrantFundsUsage

The funds would be used towards the building improvements and help with employment.

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

After the initial investment the operations would be self sufficient because we are an existing business and the investment would help elevate our business

FundingSources

FundingSourcesPendingDecisions

FundingSourcesCannotContinue

I do not know

Scalability

This proposal is scalable

ScalabilityComponents

FinancialCommitment

Our pledge is to be transparent in all transactions, actions and correspondence at all times. We understand the importance of being financially responsible and we are dedicated and committed to the process.

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads

Plans and detailed descriptions, including pictures and a map of the site location/surrounding area