Regional Economic Development

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Bonners Ferry may buy two L-P sawmills-Leaders explore idea as a way to save jobs, help economy

Shaken by two years of turmoil in the forest products industry, community leaders in Bonners Ferry are exploring the idea of buying two local sawmills and running the mills themselves. Becky Kramer Staff writer The…

Officials bridge regional business gap- About 60 area economic leaders meet to discuss tri-state (IA, WI, IL) development

"But if tri-state area communities are to survive and thrive in the new economy, they had better get on the "regionalism" bus. At least that’s how many area economic development officials see it. (Those communities) have all said we couldn’t be where we are today if we weren’t working collaboratively."

ITA trots globe for local trade-Many businesses don’t know about trade group

"So many small businesses have great products, but they don’t think they have the resources," Brooke says. "I think there’s a lot of untapped potential in this region for exports."

Northwest economies: Different approaches, same problems for Idaho, Montana, Washington and Oregon

"Depending on existing tax structures, each state is looking at different solutions." "With many jobs concentrated in the hardest-hit industries and few growing businesses to offset the declines, the Pacific Northwest will lag any recovery that takes shape in the U.S. this year."

$15 million set to support launching of biotech ideas in Seattle

"Three deep-pocketed venture investors and a real-estate developer are sinking $15 million to incubate startup biotech companies in Seattle and attract scientists from around the world with business ideas."

Economic Development Legislation Signed in North Dakota, Washington

North Dakota Governor John Hoeven and Washington Governor Gary Locke each signed several important pieces of economic development legislation as their respective state legislatures wrapped up their sessions. Contact: Paul Kalomiris Economic and Technology Policy…

SIRTI (Spokane) eyes business loan fund

Purchase-order financing would help young companies fill big contracts, grow By Megan Cooley Spokane Journal of Business The Spokane Intercollegiate Research and Technology Institute is working on a program that would help fledgling companies fill…

EDA Reauthorization Would Support Tech-based ED Initiatives

Congress begins consideration of the Economic Development Administration (EDA) reauthorization legislation, which continues to include several initiatives to promote tech-based economic development. With the current authorization due to expire on September 30, 2003, the new…

Attorney Thelma Stiffarm appointed assistant administrator of the U.S. Small Business Administration’s Office of Native American Affairs.

"We are very fortunate to have Thelma Stiffarm on our team as an advocate for Native Americans across the country," SBA Administrator Hector Barreto wrote in a news release announcing her appointment. "With her long history of dedication to the interests of the Native American community, I know she will bring a strong sense of purpose to the job."

New York Lawmakers Eye Culture Zones -Bill Includes Tax Incentives for Low Rents to Artists

"The program would provide for designation of culture-zone areas, and calls for tax incentives for owners to improve properties and provide low rents for artists."