panhandle area council, inc.(pac) non-profit membership organization of local and tribal...
TRANSCRIPT
![Page 1: Panhandle Area Council, Inc.(PAC) Non-profit Membership organization of local and tribal governments, private sector and industry representatives Structured](https://reader036.vdocument.in/reader036/viewer/2022062423/5697bfa21a28abf838c960db/html5/thumbnails/1.jpg)
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.
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PAC’s Mission Regional
Economic Development
Business Development
SBA 504 Loans
IRP Loans
RLF Loans
Business Counseling
Business Incubator
(Startup Hub)
Economic Development Planning (CEDS)
Grants(Writing
& Admin.)
Finance(Lend/Lease)
Urban Renewal Agency
(Consulting/Mgmt.)
What Does PAC Do?
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• 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
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• 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
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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
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• Development and implementation of regional Comprehensive Economic Development Strategy (CEDS)
Economic Development Planning
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• 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
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• 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
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Future
Projects
Bonner Business Center Incubator
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“"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
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QUESTIONS?
Panhandle Area Council, Inc.11100 North Airport Drive
Hayden, Idaho 83835(208) 772-0584 - Office
(208) 620-2313 - Fax
Wally JacobsonExecutive DirectorExtension 3018 [email protected]