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The
Professionals at Region IV Development can help you! We’ve helped
individuals, businesses and communities in southern Idaho since
1975. Let’s put our heads together and find a solution that’s right
for you! |
WHO ARE WE?
The Region
IV Development Association, Inc. is a private, not-for-profit corporation
established to encourage development and diversification in the economy
of South-Central Idaho. Region
IV Development is involved in a variety of programs and projects designed
to promote job creation and economic diversification activities throughout
the Region. Region IV Development works in the area of community
development, economic development, downtown revitalization, business financing,
and many others. Region IV Development focuses a variety of resources,
including the private sector, foundation support, and local, state and
federal governments, on the needs of South-Central Idaho residents, providing
a cooperative approach to enhancing the quality of life.
ORGANIZATIONAL
PHILOSOPHY
The Region
IV Development Association was established in 1975, by a group of local
elected officials seeking to develop professional capabilities to respond
to the needs of the area's small towns. By banding together, they
hoped to achieve what they could not do alone. Financial resources
and time were donated to provide the seed money necessary to start a "Council
of Governments" - seeking solutions to common problems and help with
the ever-growing demands of the people in their communities.
Today, a 25
member Board of Directors composed of local elected officials and representatives
from special interest groups such as education, employment training, minority
organizations, and several economic sectors, oversee the direction of
Region IV Development. With an Executive Director, professional
staff, and a mission to make economic and community development happen,
RIVDA continues to provide technical assistance and leadership training
throughout the region.
Expanding from
a basic land use planning focus in the 70's, RIVDA currently assists in
infrastructure planning and implementation, and developing community facilities.
Region IV Development also operates loan programs assisting small
businesses with start-up and expansion plans and financing.
To date, programs
and projects carried out by RIVDA have created over 5,220 jobs - leveraging
approximately $348.2 million in private sector investment in many communities
where commercial lenders were hesitant to invest. Infrastructure
planning and implementation have developed safe and adequate water and
sewer systems in over 75% of the region's communities – leveraging over
$34.2 million of federal, state and local funds.
Region IV Development
has been successful in developing partnerships with the federal and state
agencies charged with enforcement of regulatory requirements, and with
community organizations striving to improve their towns. One such
partnership led to a National Performance Review Award for the development
and implementation of the "Community Mandate Project".
COORDINATION
OF CORPORATE ENTITIES:
The Region
IV Development Association is the parent organization fostering economic
and human resource development in South-Central Idaho. To accomplish
this, and to access various resources, it was necessary to incorporate
another subsidiary:
- Region IV
Development Corporation (RIVDC)
The two organizations
share office space, staff, and in a few instances, Board Members.
The RIVDC was
formed in 1984 and designated as a Certified Development Company (CDC)
by the U.S. Small Business Administration (SBA) for the purpose of processing
loans for small business development under the SBA Section 503/504 loan
program.
The RIVDC Board
of Directors is also the loan review committee for the RIVDA Revolving
Loan Fund (RLF) and the Intermediary Relending Program (IRP). The staff of the Economic Development Division
of RIVDA processes the loan requests and documentation for all loan programs.
The Executive
Director of RIVDA manages the operation of all programs and is responsible
to each of the two corporate Boards of Directors for program and policy
implementation.
OFFICE LOCATIONS:
The main office of Region IV Development is located at:
315 Falls Avenue, Evergreen Bulding, SIDC Wing
College of Southern Idaho Campus
Twin Falls, Idaho 83301
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