|BOISE, Idaho (December 2, 2019) — The Idaho Economic Advisory Council will meet Thursday, December 19 at 2:00 p.m. MST to review a Tax Reimbursement Incentive application and discuss Community Development Block Grant updates. The meeting will be held at the Department of Commerce in the J.R. Williams Building Clearwater Conference Room on the Second Floor (700 W. State Street, Boise).The TRI application review will be held in Executive Session due to the proprietary company information discussed, pursuant to Idaho Code 74-206(1)(d) to review records exempt from public disclosure under Idaho Code Sections 74-107(1), 74-107(6), and/or 67-4708. Upon approval by the EAC, the 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 Idaho 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 Economic Advisory Council 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% for up to 15 years to qualifying new or expanding Idaho businesses.
For the full list of the Idaho Commerce Economic Advisory Council members, click here.
To learn more about Community Development Block Grant funding, click here.
To learn more about the Idaho Tax Reimbursement Incentive, click here.