Idaho Aims To Increase Its Business Supports

This year, officials from Idaho Commerce & Labor will ask the Legislature to increase the funding pool used to finance $500,000 economic development grants from $2.85 million to $3.55 million, with $500,000 of that amount aimed at attracting high-tech companies to rural areas of the state.

Officials will also ask the Legislature for another five-year extension of the Workforce Development Training Fund through 2011. Since 1996, when the fund was initiated, 3 percent of the unemployment insurance taxes paid by Idaho businesses have been used to train nearly 17,000 workers.

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