Business Plus III aims to raise $1.44 million to invest in Magic Valley Idaho’s economic health over five years.

Business Plus III is a six-county initiative that by May 30 aims to raise $1.44 million to invest in Magic Valley’s economic health over five years.

Of that money, $1.15 million would be for business-attraction and business-retention incentive grants, $250,000 for regional marketing, and $40,000 for operations, overhead and investor relations.

One of the goals is to help companies create or retain 2,000 jobs at an average annual salary of $22,500, or a direct total payroll of $45 million.

The Business Plus III campaign provides a weekly update of its fund-raising. The status Friday:

Number of investors: 34

Total raised to date: $1,186,500

Potential investors may call 736-1085 for more information.

Source: Rebecca Wildman of Business Plus III

http://www.magicvalley.com/news/business/index.asp?StoryID=1762