(KLZA)-- Falls City Economic Development and Growth Enterprise conducted the organizations annual banquet and business meeting last week at the Falls City Elk's Lodge.

During the meeting, EDGE Executive Director Lucas Froeschl presented the Investor of the Year award to Hullman's Ford / Lincoln of Falls City, honoring them for their contributions over the years to the community including renovations to the former Firestone building and adding services and jobs.

Froeschl presented information on the Citroniq Company that is working toward constructing a plant to transfer ethanol produced from Nebraska corn into bio-based polypropylene pellets used in the production of automobile parts and many other things, efforts to bring more electrical power to the community and touched on other developments.

New Nebraska 1st District State Senator Bob Hallstrom was the guest speaker for the event. In office for just over a week, Hallstrom said is has been a busy first week with bill introductions, elections of committee chairs and appointments to various committees. Hallstrom has been appointed to Banking, Commerce and Insurance Committee, and the Judiciary Committee. Hallstrom was elected vice-chairman of the Banking Committee.

Hallstrom introduced LR 13CA during bill introduction last week. If passed by the Legislature, and then the voters of Nebraska, it would end the collection of inheritance taxes in Nebraska.

Those wanting to learn more about EDGE or become investors may contact Froeschl at the EDGE Office 1t 1705 Stone Street or email him at Director@FallsCity EDGE.com