Office of the Comptroller of the Currency - Ensuring a Safe and Sound Federal Banking System for All Americans Site Map | Text Size: S M L

BankNet

BankNet
More resources for national banks

HelpWithMyBank.gov

HelpWithMyBank.gov

Get answers to banking questions

Article Archives: Idaho

Economic Development in Idaho
The Region IV Development Association (RIVDA) is a private, not-for-profit corporation established to encourage economic development, job creation, and diversification in an eight-county region of South-Central Idaho (Camas, Blaine, Gooding, Lincoln, Jerome, Minidoka, Twin Falls, and Cassia counties). Programs and projects carried out by RIVDA created more than 5,220 jobs and leveraged approximately $348.2 million in private-sector investment. RIVDA supported infrastructure planning and implementation, which developed safe and adequate water and sewer systems in more than 75 percent of the region's communities, by leveraging more than $34.2 million of federal, state, and local funds.

RIVDA is the parent organization of the Region IV Development Corporation (RIVDC), a certified development company, certified by SBA to process loans for small business development under the SBA Section 504 loan program. RIVDC also administers a revolving loan fund (RLF) providing small business loans for projects under $100,000 for fixed assets, inventory, and working capital. RIVDC also administers an intermediary relending program (IRP) to increase economic activity and employment in rural communities with populations of less than 25,000. RIVDC encourages small business participation loans with their RLF and the IRP, and has ongoing opportunities for investments in these funds.

For more information, contact Joe Herring, Administrative Director, at (208) 732-5727 ext. 3003 or e-mail him. Additional information is available on RIVDA's Web site.

[Community Developments Investments, Fall 2008]