Business Relocation Services and Economic Development Help in North Idaho
Panhandle Area Council, Inc. (PAC)
- Panhandle Area Council, Inc. (PAC) is a non-profit, certified economic development corporation organized to aid in diversifying and stabilizing the area's economy.
- Information: 208-772-0584 - www.PACNI.org
- Services include: Low interest loans, free business counseling, governmental procurement assistance, job training assistance, grant writing and administration, economic development planning, business incubator for start-up, off-campus small business training for northern Idaho.
- Funding Programs: SBA 504 Program, SBA 7(a) Loan Guarantee Program, SBA Micro-Loan Program, USDA Business & Industrial Loans, industrial revenue bonds, infrastructure financing, revolving loan program.
Idaho Small Business Development Center (Idaho SBDC)
- Idaho Small Business Development Center (Idaho SBDC) exists to help businesses thrive and grow.
- Information: www.IdahoSBDC.org
- Services include: Leadership and business training and workshops, strategy development, sales and marketing, operational improvements, organizational development, sources of funding, exit strategy, import/export assistance, selling to the government, commercializing inventions, purchase or sale of business and new venture analysis.
Tax Increment Financing (TIF)
Tax Increment Financing (TIF) is available in Post Falls, Coeur d'Alene, Hayden and Spirit Lake.
New property taxes generated from increasing investments in a project are withheld from most taxing districts (except schools) for a specified period and used to repay bond indebtedness. Only new taxes generated from the major industrial investment are used to repay bonds.
Bonds can be used to finance land and infrastructure needs, such as streets, sewer, water, etc. When bonds are paid, taxing districts receive the benefits of higher values which translate into more tax revenue. Buyers of the bonds assume 100% of the risk. Current city taxpayers have zero liability. When the project is complete, the additional property tax base can lower the overall property tax rates for the city.
Links and More Information
State of Idaho Incentives for Business
City Links:
Coeur d'Alene
Post Falls
Hayden
Rathdrum
Spirit Lake
Chamber Links: