|Contact: Matt Borud
|Idaho Economic Advisory Council Announces October 2018 Meeting|
|BOISE, Idaho— Friday, October 5, 2018— The Idaho Economic Advisory Council (EAC) will meet on Tuesday, October 16 at 8:00 a.m. to review a Tax Reimbursement Incentive (TRI) application and discuss Community Development Block Grant (CDBG) application updates. The meeting will be held in Pocatello, Idaho at the Clarion Inn (1399 Bench Rd. Pocatello, ID 83201) in the hotel’s conference room.
The TRI application review will be held in Executive Session as a result of the proprietary company information that will be 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 EAC, the TRI award would be announced in coordination with the companies’ official announcement.
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. In addition to reviewing Tax Reimbursement Incentive applications, the council makes recommendations to the Governor on applications for block grant funding and reviews industrial revenue bond allocations. Further, 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 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.
To learn more about Community Development Block Grant funding, click here.
To learn more about the Idaho Tax Reimbursement Incentive, click here.