Q. How is Business Plus funded?
Contributions to Business Plus come from businesses, the private sector and foundations.
Q. Are the funds raised invested in local opportunities?
Yes. Funds go to help support the Southern Idaho Economic Development Organization (SIEDO). Some funds go to a reserve fund to help build a business recruitment endowment over time.
Q. Can I support SIEDO directly?
Yes and No. The way to support SIEDO is through Business Plus. SIEDO is not set up to receive funding directly from private businesses but rather be funded in part by private industry via Business Plus. Therefore your support of Business Plus is directly supporting SIEDO.
Q. Is Business Plus focused on one city or area?
Our focus is on the Southern Idaho region including Cassia, Gooding, Jerome, Lincoln, Minidoka, and Twin Falls counties. Studies have shown that the entire region benefits with a combined economic development effort. This model also fosters teamwork among the many cities and counties in the region.
Q. How does Business Plus decide who gets funds?
Business Plus, Inc. has a 100-percent local investor board, which has an established review process for grants. Amounts vary depending on the number of jobs to be created, and awards are contingent on the company becoming a future Business Plus supporter.
Q. If I give to Business Plus, how can I be assured I’m not giving to a new competitor?
Business Plus intentionally does not provide grants in the retailing sector. Our grants are focused on job-creating business activities in manufacturing and similar businesses.
Q. Does Business Plus get involved in politics?
No, we don’t give money to candidates or PACs. Business Plus believes in a healthy business climate and works with other groups such as chambers of commerce on such objectives.
Q. Does economic development mean only manufacturing or do you encourage economic and job growth in other sectors?
Business Plus sees job growth in broad terms, including the rapidly growing sectors of agriculture and food industry clusters. Business Plus recognizes and encourages diversity in the Southern Idaho economy.
Q. I have trouble finding qualified employees for my business now. Won’t attracting new businesses mean more competition for workers?
Economic growth often goes through contraction and expansion cycles. As the economy in Southern Idaho improves, this will attract additional qualified and skilled employees and will hopefully retain our region’s best and brightest.
Q. What kind of accountability does Business Plus, Inc. maintain with its investors?
Business Plus has an all-local board of investors who meet regularly. Business Plus has established bylaws and incorporation documents. Annual taxes and reports are handled by a professional CPA firm. Business Plus sends regular email communications to its members, and its executive director meets regularly with the local media.
Q. How can I get involved?
Business Plus welcomes new member investors, their participation and input. The executive director will be glad to meet with any prospective investor, large or small.
Q. Are Business Plus contributions considered business expenses?
Yes, they’re like chamber dues and professional association memberships. We are a 501(c)6 organization.