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Monday, March 7, 2011

Urban Renewal Agency of the City of Caldwell, Idaho Business Incentive Program

Urban Renewal Agency of the City of Caldwell, Idaho
Business Incentive Program
General Information

Application Process

The Caldwell Economic Development Council (“CEDC”) will serve as the review agency for the Caldwell Urban Renewal Agency.  Applications may be dropped off or mailed to CEDC, 117 S. 9th Ave., Ste. 6, P.O. Box 668, Caldwell, Idaho 83606.  This is a rolling grant with applications being reviewed quarterly.  Applications must be submitted on or before the last business day of each quarter to be considered for that quarter.  Applicants may be requested to attend the review process or provide additional information,

You can read more about this "incentive" program at:

Funding is $200,000.00 for all or none of the applications received for review on a quarterly basis. The first review will be done by CCEDC with final approval remaining the purvue of CEURA.

This application process version looks nothing like the original program turned in by the the Downtown Master Framework Committee Report prepared and submitted to Mayor Nancolas in February of 2010.  It almost looks like the application for the application that isn't an application.

We wonder just how much "incentive" this will be for any investors given all the effort and time line in the approval process it will take to determine if a project is worthy of any "incentive" money. Based on the amount of money paid for property downtown by CEURA, $200K will buy about 4500 sq/ft of land. In any event the link is above for anyone interested in pursuing a "incentive" grant from CEURA for their project.

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