Panhandle Area Council, Inc.(PAC) Non-profit Membership organization of local and tribal...

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.

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?

• 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


Loan Programs

• 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


Loan Activity


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

• Development and implementation of regional Comprehensive Economic Development Strategy (CEDS)

Economic Development Planning

• 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

• 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

Future

Projects

Bonner Business Center Incubator

“"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

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]

Panhandle Area Council, Inc.(PAC) Non-profit Membership organization of local and tribal...

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