|Program||# of Grants||EDA Funds|
During Fiscal Year 2013, EDA invested $2,146,000 in nine projects in the State of Idaho. These projects are expected to create or retain 180 jobs and leverage $3,350,000 in private investment according to grantee estimates. EDA’s investments help Idaho communities achieve bottom-up, locally-defined economic development goals and strategies.
EDA offers a complementary, balanced portfolio of grant programs designed to help rural and urban communities grow their private sectors and create jobs.
Investment Spotlight: Bringing Technical Education and Business Assistance to Rural Idaho
The dream of a high wage job or starting a small business might be unattainable for those who live in a rural area with little access to skills training or small business assistance. Fortunately, achieving that dream will be a little bit easier in eastern Idaho.
The East Central Idaho Planning and Development Company (ECIDC) in partnership with Eastern Idaho Technical College is remodeling an existing two story building to serve as the Teton County Professional Technical and Business Center in Driggs. The renovated building will house classrooms, labs and shops, and be used for professional technical education needed by local residents for new high-skill, high-wage jobs. Course offerings will include adult basic education, wilderness rescue, and light manufacturing courses.
The building will also serve as a business incubator with affordable rent and flexible lease terms for light manufacturing and other industry start-ups. ECIDC will provide technical and business assistance and fixed-asset financing.
EDA awarded $1.5 million of the total $2.8 million project costs for the remodel. It is anticipated that this project will create 100 jobs and leverage $850,000 in private investment.