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Bonner County Economic Development Corporation

Bonner County Economic Development Corporation. Karl Dye Legislative Interim Committee Meeting September 13, 2013. Bonner County At a Glance. 41,000 Full Time Residents 8.5% Current Unemployment Rate 7.5% Unemployment for 5 Northern Counties 6.2% Unemployment Statewide

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Bonner County Economic Development Corporation

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  1. Bonner County Economic Development Corporation Karl Dye Legislative Interim Committee Meeting September 13, 2013

  2. Bonner County At a Glance • 41,000 Full Time Residents • 8.5% Current Unemployment Rate • 7.5% Unemployment for 5 Northern Counties • 6.2% Unemployment Statewide • Still transitioning from Natural Resource Based Economy • Not recovered lost construction jobs

  3. Economic Development Strategy Based on Strength • Relocations Don't Work for Most of Idaho • Companies looking for a deal • Bonner County is not a deal • Business Success Model • Owner Chooses to Live Here • Accepts Challenge

  4. Barriers To Doing Business • Infrastructure • Broadband • Facilities • Employees • Education

  5. Broadband • Every city, county and state wants to build the “tech-sector” • Broadband Availability Needs to Meet or Exceed Price and Capacity Offerings in Large Markets

  6. Broadband Comparison *Sandpoint was just awarded the Google eCITY for the entire state of Idaho!

  7. Fiber To The Home (FTTH) Network • Local Company Discussion 2008 • Stimulus Application 2009 • Public Private Partnership 2010 • Business • Education • Health Care • Public Safety

  8. Public Private Partnership Private Placement Taxable Bond $$ Panhandle Area Council Yearly Lease Construction COMPETITION Anchor Service Provider Local Cities Bond Payment Guarantee

  9. Conclusion • Doing Business in Idaho is a Choice • Lack of Broadband Availability Prevents: • Creation • Expansion • Attraction • Help Business Leaders Continue to Make That Choice • Need More Competion for Broadband Services

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