Panhandle Area Council, Inc.(PAC) Non-profit Membership organization of local and tribal governments, private sector and industry representatives Structured.

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Presentation transcript:

Panhandle Area Council, Inc.(PAC) Non-profit Membership organization of local and tribal governments, private sector and industry representatives Structured to promote and assist economic development and foster a stable and diversified economy within the five northern counties or Idaho.

PAC’s Mission Regional Economic Development Business Development Business LoansSBA 504 LoansIRP LoansRLF Loans Business Counseling Business Incubator (Startup Hub) Economic Development Planning (CEDS) Community Development Grants (Writing & Admin.) Finance (Lend/Lease) Urban Renewal Agency (Consulting/Mgmt.) What Does PAC Do?

Small Business Administration 504 Loans Up to $5,000,000 ($12.5 MM project size) real estate, infrastructure, equipment Revolving Loan Funds (RLF) – EDA PAC RLF (covers all 5 counties) Regional RLF (covering all 5 counties) Shoshone RLF (Shoshone county) Intermediary Relending Program (IRP) - USDA USDA Rural Development Up to $150,000 Business Development Loan Programs

PAC Loans To Date – 177 Loans totaling $31 Million Total Jobs Saved/Created – 2,163 PAC Loans Last 3 months – 4 Loans - $1.1 Million Business Development Loan Activity

Business Development Incubator Chase Machine North Idaho Cider Pretentious Brewing TDI, Inc. Bull Creek Arms Eric Paddack Wood Working Northwest Tea Company eHub - startup/coworking The Metts Group Northwest Synergy Motors Pacific Real Estate & Investment Practical Accounting Solutions

Development and implementation of regional Comprehensive Economic Development Strategy (CEDS) Economic Development Planning

Grant Writing and Administration (CDBG, EDA, etc.) 437 grants to date with a project value of $235 million City of Priest River, Sewer and Downtown Grant Application McGhee Road and HW 200 Intersection Grant Community Development

Lend/Lease Program (Cities, Counties, Fire Districts, etc.) Bonner County Admin. Building and EMS Facility Sam Owen Fire District Urban Renewal District Management and Consulting URD formation - Sandpoint, Dover, & Bonners Ferry Manage Dover and Bonners Ferry URD’s Community Development

Future Projects Bonner Business Center Incubator

“"We've got to find a way, to make this, fit into the hole for this...using nothing but that.“ PAC’s Economic Development Mission

QUESTIONS? Panhandle Area Council, Inc North Airport Drive Hayden, Idaho (208) Office (208) Fax Wally Jacobson Executive Director Extension 3018