Provocative article in today's (Sunday) Statesman, originally from the KC Star.
This is powerful 'ammo' for our committee... to act boldly and to act quickly!
Read more at http://entrepreneurshipidaho.blogspot.com ...
Sunday, July 6, 2008
Wednesday, July 2, 2008
Dept of Commerce $ for "Job Creation"
Another goodie from the new Sage Idaho newsletter - do we have a Dept of Commerce contact engaged with WIRED? It's only for towns under 10,000 people.
GRANT FUNDS FOR JOB CREATION (again, courtesy of Sage Idaho)
The Idaho Department of Commerce has a grant program specifically funded to help small rural communities of 10,000 or less attract living wage jobs and thus sustain the viability of their community. This money comes through Idaho’s Rural Community Block Grant program to build public infrastructure that supports economic expansion and job creation. Even if your community is not incorporated, your home county could apply on your behalf. Contact the Idaho Department of Commerce for more information.
Eligible Applicants - Cities under 10,000 in population are eligible. Cities contiguous to large cities are not eligible to apply. Counties may apply for countywide projects or on behalf of unincorporated communities. Counties cannot apply for projects that benefit cities over 10,000 in population. Special purpose districts are not eligible, although they may be involved in the execution of a project by mutual agreement. An Indian tribe may be considered as an applicant or may be a partner in a project by mutual agreement.
Eligible Activities - Activities considered eligible include: extension of streets, water and sewer lines, and/or utilities to a site for a new business or industrial park; acquisition or construction of buildings for lease or purchase by a company; and provision of telecommunications, power, gas, and rail upgrades necessary for business expansions. These funds may also be used as match for other federal programs such as the Idaho Community Development Block Grant Program as well as grants or loans from the Economic Development Administration and USDA-Rural Development. City halls and schools are not eligible.
Grant Size - Grant limits are $50,000 to $500,000. A total of $2.2 million is available annually for this grant program.
Local Match - Local match is required, but there is no set amount.
Evaluation Criteria - Applications will be evaluated on the impact to distressed areas. Other evaluation factors include the number and quality of jobs created by the project, long-term economic impact, community support, and project financing and readiness. Distress factors include high unemployment, low per capita income and sudden distress such as a mill closure.
GRANT FUNDS FOR JOB CREATION (again, courtesy of Sage Idaho)
The Idaho Department of Commerce has a grant program specifically funded to help small rural communities of 10,000 or less attract living wage jobs and thus sustain the viability of their community. This money comes through Idaho’s Rural Community Block Grant program to build public infrastructure that supports economic expansion and job creation. Even if your community is not incorporated, your home county could apply on your behalf. Contact the Idaho Department of Commerce for more information.
Eligible Applicants - Cities under 10,000 in population are eligible. Cities contiguous to large cities are not eligible to apply. Counties may apply for countywide projects or on behalf of unincorporated communities. Counties cannot apply for projects that benefit cities over 10,000 in population. Special purpose districts are not eligible, although they may be involved in the execution of a project by mutual agreement. An Indian tribe may be considered as an applicant or may be a partner in a project by mutual agreement.
Eligible Activities - Activities considered eligible include: extension of streets, water and sewer lines, and/or utilities to a site for a new business or industrial park; acquisition or construction of buildings for lease or purchase by a company; and provision of telecommunications, power, gas, and rail upgrades necessary for business expansions. These funds may also be used as match for other federal programs such as the Idaho Community Development Block Grant Program as well as grants or loans from the Economic Development Administration and USDA-Rural Development. City halls and schools are not eligible.
Grant Size - Grant limits are $50,000 to $500,000. A total of $2.2 million is available annually for this grant program.
Local Match - Local match is required, but there is no set amount.
Evaluation Criteria - Applications will be evaluated on the impact to distressed areas. Other evaluation factors include the number and quality of jobs created by the project, long-term economic impact, community support, and project financing and readiness. Distress factors include high unemployment, low per capita income and sudden distress such as a mill closure.
IDAs and IHFA
Courtesy of Sage Idaho (Region III's version of RIVDA) - note the Twin Falls number at bottom. Another ally for us??
Note also that participants need at least 10 hours of training.
Individual Development Account (IDA) Program Launched
Idaho Housing and Finance Association (IHFA) recently teamed up with United Way of Treasure Valley to help Idaho families and individuals become financially independent through the Individual Development Account (IDA) program. The IDA is a matched savings account for individuals and families to help build assets and enter the financial mainstream.
The program matches an individual’s savings up to a maximum of $2,000 at a rate of two to one. The individual’s savings plus the match, up to a total of $6,000, can be used to start or enhance a small business, pursue education, or purchase a home.
Program participants are involved in case management and a minimum of ten hours of financial training specific to the investment they are purchasing.
For applicant eligibility and requirements, please contact IHFA’s branch office nearest you:
Coeur d’Alene Branch Office: 866-621-2994
Lewiston Branch Office: 866-566-1727
Idaho Falls Branch Office: 866-684-3756
Twin Falls Branch Office: 866-234-3435
Note also that participants need at least 10 hours of training.
Individual Development Account (IDA) Program Launched
Idaho Housing and Finance Association (IHFA) recently teamed up with United Way of Treasure Valley to help Idaho families and individuals become financially independent through the Individual Development Account (IDA) program. The IDA is a matched savings account for individuals and families to help build assets and enter the financial mainstream.
The program matches an individual’s savings up to a maximum of $2,000 at a rate of two to one. The individual’s savings plus the match, up to a total of $6,000, can be used to start or enhance a small business, pursue education, or purchase a home.
Program participants are involved in case management and a minimum of ten hours of financial training specific to the investment they are purchasing.
For applicant eligibility and requirements, please contact IHFA’s branch office nearest you:
Coeur d’Alene Branch Office: 866-621-2994
Lewiston Branch Office: 866-566-1727
Idaho Falls Branch Office: 866-684-3756
Twin Falls Branch Office: 866-234-3435
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