Loan Funds Now Available
SNEDA now has $45,000 from Spokane’s HUD Community Development Block Grant funds for loans to growth-oriented businesses which will create jobs for low-income people. We intend to participate with area banks whenever possible. $175,000 in additional funding has been allocated to SNEDA by the City and will be available soon. Phone Nick Landis or Eric Loewe at 444-7633 for more information on SNEDA’s loan capabilities.
Financial Contributions to SNEDA for New Markets Tax Credits (NMTC)
1. Applications for the U.S. Treasury’s NMTC program are due September 30th. We are seeking funding for a consultant to assist us with the application. If you are interested in making a tax deductible financial contribution to SNEDA, please mail the check to SNEDA, 715 East Sprague, Suite 101, Spokane, WA 99202 or contact Eric Loewe by July 31st at 444-7633.
2. This program offers substantial benefits to investors in organizations like SNEDA that focus on equity investments in low income areas. SNEDA is now identifying qualified business projects as well as interested investors. If you have potential projects, or are interested in learning more about the benefits investors can receive from this program, contact Nick Landis at 444-7633.
Expand Your Business Through Government Contracts
Johan Curtiss, from the Procurement Technical Assistance Center in the TriCities, recently visited six local businesses with Nick Landis. The businesses are located throughout the SNEDA service area and offer an array of products locally and regionally, as well as nationally through catalog sales. These are primarily companies that have worked previously with state and federal agencies. Ms. Curtiss helped them by providing names and contact information for the procurement officers in other government agencies the companies are interested in. SNEDA will continue to coordinate visits. If you are interested, please contact Nick Landis at 444-7633.
AmeriCorps VISTA Entrepreneur Corps
1. New AmeriCorps VISTA members with SNEDA’s Entrepreneur Corps include a Micro-Enterprise Developer, Infill Housing Developer, Business Consultant, Neighborhood Business Consultant, VISTA Leader, On-Line Incubator Manager and several VISTA members for our various partner organizations, including both a Transportation Planner and a Main Street Coordinator for NECCA.
2. VISTA Leaders - Susan Devan (444-7633) has been selected as VISTA Leader for the coming year, adding mentoring duties to her current business consulting. Please also see the attached press release on Don Hornbeck, last year’s VISTA Leader, just completing his third year with AmeriCorps VISTA.
