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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 on theme: "Panhandle Area Council, Inc.(PAC) Non-profit Membership organization of local and tribal governments, private sector and industry representatives Structured."— Presentation transcript:

1 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.

2 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?

3 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

4 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

5 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

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

7 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

8 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

9 Future Projects Bonner Business Center Incubator

10 “"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

11 QUESTIONS? Panhandle Area Council, Inc. 11100 North Airport Drive Hayden, Idaho 83835 (208) 772-0584 - Office (208) 620-2313 - Fax Wally Jacobson Executive Director Extension 3018 wjacobson@pacni.org


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