Teton Valley Business Development Center MISSION: To develop a stable and diverse economy by retaining, strengthening and recruiting businesses in Teton Valley. Fletcher White, President Brian McDermott, Executive Director May

Contents  Overview  Focus  Our Work  Successes  History  Board of Directors 2

Why Economic diversity is good for community We can be better than Park City and Jackson Reduce seasonality Make things—hardware & software Value out, cash in Wealth creation, job creation 3

Overview From the Plan: A. Focus Area: Business Recruitment and Development Bringing new businesses into the community is a top priority of the economic development strategy. Business recruitment should be focused on areas where Teton Valley has a competitive advantage such as recreational industries. Goal A3: Coordinate the implementation of the Economic Development Plan There are many public and private organizations working on economic development in Teton Valley. One of the central purposes of the Economic Development Plan is to coordinate efforts to increase efficiency and avoid duplication. 4 Economic Development Plan Teton County, Idaho May 2013

Overview Mission: To develop a stable and diverse economy by retaining, strengthening and recruiting businesses in Teton Valley. Goal: Grow full-time, year-round, family-wage jobs Overarching strategies: Grow and attract recreation technology, creative and light manufacturing businesses. Support and grow existing agriculture, retail, service, tourism sectors Do it all while retaining the valley’s unique natural character. 5

Focus on the Future Teton Valley’s greatest opportunity to diversify its economy beyond tourism, construction, public services and agriculture is to recruit businesses that benefit from our unique natural, recreational and infrastructure assets. We are working to develop complementary recreation and aviation technology clusters, supported by expertise in materials science and machine tools. These clusters will produce high-value products and provide well-paid jobs for assemblers, machinists, engineers, designers and product testers. 6

Our Work Aggressively working to recruit companies to Teton Valley. Scoured ski, bike companies. Since January alone, we have contacted 71 companies. More than 200 in last year. Working to create avionics and aviation technical education and manufacturing at Driggs-Reed Memorial airport. Supporting local start-up businesses with low or no-cost rent and consultation. Providing business counseling and expert consulting referrals to area businesses. Since January, worked with 15 businesses. Developed a recruiting brochure, branding and website, 7

Our Work Working now on the continuing game of chicken and egg leapfrog: recruit, space, recruit. Ned Thomas has purchased the former Racin Station. A group will soon close a deal on a significant portion of Driggs Center. Others also are looking at doing light industrial space. Recruitment focus for next 12 months: snow machine, fishing, software companies 8

Our Work 9 Our Made in Teton Valley brand aims to create awareness of the history, quality and integrity of the valley. Local producers will soon be placing this logo on everything from agricultural products to clothing, outdoor gear, recreational experiences and more.

Collaboration 10 TVBDCTV ChamberGeotourism Center Core Work  Recruit new business  Provide strategic business and financing consultation  Support technical training Promote, market and, increase yourism to Teton Valley Provide support, education, and networking opportunities to local businesses  Provide superior visitor amenity  Education on local history, ecology, etc.  Other? Collaboration Coordination DRAFT

Successes Entrepreneur Amy Hatch has created Garage Grown Gear, a website celebrating innovative outdoor equipment. Amy launched the e-commerce part of her site this Fall. TVBDC is supporting her with subsidized office space and advice. 11

Successes TVBDC advised custom outdoor apparel maker, Burgess Custom, on its selection of manufacturing and show room space. 12

Successes We recruited and helped settle a boutique ski manufacturing company, Sego Skis, in Victor. They are initially investing $250,000 and employing five people. 13

Successes Among the local companies we’ve advised: SkyDef productions, aerial still and motion photography. Lucky Dog Fabrication mobile welding. Dayna Schmidt, computer service. Ayla Wear, a women’s technical outdoor base layer apparel business. 14

History Discussions began in 2010 among citizens seeking to diversify the local economy. Citizens and consultants developed The Teton Valley Economic Development Plan, which Teton County formally adopted in The Teton Valley Business Development Center was formed in 2013 with financial and in-kind support from private donors and the Idaho Department of Commerce, Teton County, and the cities of Driggs, Victor and Tetonia. In November 2013, the TVBDC hired executive director Brian McDermott, a former corporate marketing and communications executive. 15

Board of Directors TVBDC board membersAffiliation Position Fletcher WhiteCEO ProGuide DirectPresident Brian GibsonAlliance TitleSecretary Wayne ManessVictor City Council, U.S. BankTreasurer Jen MagnussonBlixt & Co.Director Gloria Hoopes Mayor, City of TetoniaDirector Bill LeakeTeton County CommissionerDirector Hyrum JohnsonMayor, City of DriggsDirector 16