Governor Otter Appoints New Member to EAC
NEWS RELEASE: For Immediate Release
Contact: Kayla Ruiz
Governor Otter Appoints New Member to Economic Advisory Council
Idaho Economic Advisory Council (EAC) advises the Governor and Idaho Commerce on economic development policy, grant awards
BOISE, Idaho—January 7, 2015—Governor C.L. “Butch” Otter has appointed Mark S. Young as the Region 6 representative on the Idaho Economic Advisory Council (EAC).
“We are very excited to have Mark join our esteemed membership on the Economic Advisory Council. He will be an important voice representing the needs of Eastern Idaho, and his background in the financial sector will play a crucial role in furthering the economic vitality of our state,” said Idaho Commerce Director Jeffery Sayer.
Mark S. Young is a branch manager and registered principal with Raymond James Financial Services (an independent broker/dealer). He has 30 years of business experience in the securities industry, beginning as a registered representative for Piper Jaffray & Hopwood. He is a native of Rigby, Idaho and earned a bachelor’s degree in Political Science with an emphasis in economics from Idaho State University. Throughout his career, he has provided services to individual clients, business, and nonprofit organizations, helping them organize and plan for their financial futures. Mark has two sons, both veterans who served in Iraq.
The Idaho Economic Advisory Council advises the Governor and the Idaho Department of Commerce on goals and objectives that further economic development within the state. The council makes recommendations to the Governor on applications for block grant funding and reviews industrial revenue bond allocations. Additionally, council members advise their regions on economic development opportunities and represent their interests to state government.
Beginning July 1, 2014 the EAC also gained statutory oversight authority for the new Idaho Tax Reimbursement Incentive. The council reviews and grants final approval for refundable credits on income, sales and payroll taxes of up to 30 percent for up to 15 years to qualifying new or expanding Idaho businesses.
The council consists of seven members, appointed by the Governor, with one member appointed from each of the state’s six economic development regions and one member appointed at-large.
For the full list of Idaho Commerce’s Economic Advisory Council members, click here: https://commerce.idaho.gov/business/2010-idaho-economic-advisory-council-/