Idaho Economic Advisory Council Announces April 28-29
Contact: Kayla Ruiz
Idaho Economic Advisory Council Announces April 28-29 Meeting
BOISE, Idaho—Monday, April 20, 2015— The Idaho Economic Advisory Council (EAC) will meet and review 23 applications for Community Development Block Grants (CDBG) and discuss several Tax Reimbursement Incentive (TRI) awards.
The Council will meet from 1:00 p.m. to 5:00 p.m. on Tuesday, April 28, and from 8:00 a.m. to 5:00 p.m. on Wednesday, April 29, at the Idaho Department of Commerce (700 W. State Street, Boise, ID, 83702 – Floor 2, Sawtooth Conference Room).
At this meeting, the Council will review 23 Community Development Block Grant applications:
- Fifteen (15) public facilities or infrastructure projects for a total request of $7,002,877
- Six (6) senior / community center improvement projects for a total request of $804,887
- Two (2) projects benefitting either infrastructure or job creation for a total request of $525,000
Additionally, the City of Jerome and Bingham County will present their respective projects to the Economic Advisory Council.
The meeting will also consist of a review of several TRI projects. The TRI discussion will be held in Executive Session as a result of the proprietary company information that will be discussed, per Idaho Code 67-2345(1)(d) “to review records and information exempt from public disclosure under Idaho Code 9-340D(6) and 67-4708.” Upon approval by EAC, TRI awards would be announced in coordination with the company’s announcement timeline.
View the full agenda here.
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 will review and grant 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.
For the full list of Idaho Commerce’s Economic Advisory Council members, click here: https://commerce.idaho.gov/business/2010-idaho-economic-advisory-council-/
To learn more about the Idaho Tax Reimbursement Incentive, visit https://commerce.idaho.gov/idaho-tax-reimbursement-incentive