Financing

North Idaho ranks well on regulation and taxes, and is home to an increasing number of successful manufacturers. Idaho has been called “flexible and responsive” in contrast to other states in the region. High ranking officials operate on a first-name basis. The governor went to law school, but wears blue jeans and introduces himself with, “Hi, I’m Butch.” This is Idaho – friendly, casual, and flexible, yet professional. Contacts with CdAEDC often begin with more introductions; they find out what you need, then introduce you to the right people and paths to get you there.

In 1985, the Idaho state legislature adopted the Local Economic Development Act authorizing the use of tax increment financing. There are currently two redevelopment districts located in Coeur d’Alene. Financing for development within these districts is available through Coeur d’Alene’s Redevelopment Agency known as Ignite CDA. This agency can provide businesses relocating their facility within these districts some attractive financing opportunities that will help pay for required infrastructure.

Here’s an example: The Mill River development team, with Ignite CDA partnership funding, has reclaimed an old forest products mill site and is creating a 100 acre mix-use live, work and play development along the Spokane River. In January, 2005, Ignite CDA entered into an owner participation agreement with the Mill River development team to aid with the establishment of project-related public improvements including: public roadway construction, traffic signalization, water & sewer main line extensions, streetscaping, and creation of a public beach and park on 1,500 feet of Spokane river water frontage.

For more information please visit: www.ignitecda.org

Economic Development Resources

Panhandle Area Council, Inc. (PAC), is an Economic Development Agency organized to aid in diversifying and stabilizing the area’s economy. Members of the Council are elected officials from North Idaho Cities and Counties, as well as, the Coeur d’Alene and Kootenai Indian Tribes. The Council serves the five northern counties of Idaho: Boundary, Bonner, Kootenai, Benewah and Shoshone. www.pacni.org 

Services PAC Provides:

  • Low Interest Loans
  • Business Counseling
  • Grant Writing and Administration
  • Government Procurement Assistance
  • Economic Development Planning
  • Business Incubator for Start-Up and Expanding Businesses

Other Urban Renewal Agencies: