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FINANCING
- ECONOMIC
DEVELOPMENT
PROGRAMS
Business Resources and Assistance
Customized Recruiting Services
The Department of Labor’s offices across the state offer employers one-on-one
professional guidance in managing the recruitment process. Experienced Labor
work force consultants can visit a work site to identify needs and then
effectively match employee prospects to the skills, training and experience
required to fill available jobs.
Customized Work Force
Training
Idaho supports education and training programs through the Department of Labor
and its local offices to provide skilled, productive workers for any company.
Training can be tailored to specific company needs and designed to develop skill
sets for a company’s precise requirements. Financial
reimbursement up to $3,000 is available to eligible companies to cover the cost
of training a new employee or retaining one facing permanent layoff.
Work Force Training Network
This network coordinates delivery of statewide customized training to meet the
needs of Idaho’s employers and citizens. The state provides these programs in a
customized manner based on a businesses' needs.
Access Labor Market Information
Visit the Department of Labor’s web site or a local office for current information about work force trends,
economic conditions, demographics, wages, industry and occupational statistics and census data.
Existing businesses; economic development groups; and companies considering startup, expansion or
relocation can also call on labor economists throughout the state for information, analysis, referral
services and technical assistance.
Idaho Business Network (IBN)
The Idaho Business Network is the state’s recognized Procurement Technical
Assistance Center (PTAC). This organization matches the purchasing needs of
federal and state agencies with the products and services of Idaho companies. In
addition, it provides technical assistance with completing bid documents, offers
seminars on evolving procurement practices and hosts the
Governor’s Business Opportunity Conference to put clients face-to-face with
purchasing professionals from government agencies and large corporations.
Annually, Idaho businesses average over $100 million in federal and state
contracts by taking advantage of the Idaho Business Network.
Export Assistance
The Department of Commerce’s International Trade Division offers export
counseling, seminars and marketing resources to Idaho companies. Marketing
opportunities via catalogs, trade shows and trade missions are provided at a
nominal fee. Idaho trade representatives in Mexico, China, Taiwan, Korea, India
and Japan assist companies by finding business opportunities, distributors and
projects. They are co-located and partner with the U.S. Commercial Service to
provide worldwide resources and assistance.
TechHelp
TechHelp assists Idaho manufacturers in lean manufacturing, human performance,
quality systems, product development and information technology to help them
become more competitive.
Small Business Development
Centers
Small Business Development Centers around the state deliver up-to-date
counseling, training and technical assistance in all aspects of
management to help small business owners and potential business owners make
sound decisions.
TechConnect
Idaho’s TechConnect is the state’s first and only private-public non-profit
organization focused solely on technology, including its development, transfer
and commercialization. TechConnect bridges the gap between ideas, research and
patents and the enabling people, money and facilities. Four regional offices
assist Idaho entrepreneurs and businesses in turning ideas into products;
establishing and growing research and development programs; seeking funding; and
competing in the global marketplace.
Gem State Prospector
Gem State Prospector gives companies considering relocation or expansion a database
of business locations across Idaho. This resource allows companies to search by
their property needs and provides in-depth results for each site, including
demographic information for the surrounding area, access to utilities, and
proximity to support businesses.
www.gemstateprospector.com
Infrastructure Improvements
Up to $500,000 in Community Block Grants
Local cities and counties may receive grants to finance public
infrastructure improvements that support business development.
Up to $500,000 in Rural
Development Grants
Communities in rural Idaho may receive grants to facilitate business
development, expansion or relocation.
Up to $500,000 in Gem
Grants
Rural communities may receive grants for projects that create assets with a
high certainty of aiding job creation and job retention.
Tax Increment Financing
Cities and counties may use Tax Increment Financing to fund new
infrastructure needed to support business development.
Economic Development
Administration Grants
Communities may receive grants for industrial or commercial site
development where commercial financing cannot be secured. Loans up to $10,000
may be granted for each new job created. |
$2,388