A Rich Economy
Traditionally, the economy of the Coeur d’Alene area has been based on natural resources. The forests that cover the surrounding mountains have provided timber that mills have converted to boards and plywood. To the east, the Silver Valley is home to the richest mining district in the world. These industries have provided good paying jobs, although they have also been subject to cyclical economic downturns. Tourism has also long been a major component of the economy as people have journeyed here to enjoy the natural beauty of Coeur d’Alene Lake. In recent years, the development of the Coeur d’Alene Resort, Silverwood, and the Coeur d’Alene Resort Golf Course have made Coeur d’Alene a world class destination.
Economic Development Efforts
There are several local organizations actively promoting economic development in Northern Idaho. The mission, goals, and services provided by these organizations compliment the services offered by the Coeur d’Alene Area Chamber of Commerce. These include Jobs Plus, Inc, The Panhandle Area Council Inc, and the Idaho Small Business Development Center.Jobs Plus Jobs Plus, Inc is a non-profit economic development corporation, formed in 1987 to expand the diversification of the economic and employment base for out-of-state companies considering relocation or expansion to Kootenai County. By the end of 1998, over 60 companies recruited were doing business in Northern Idaho. Those companies helped employ 2,332 workers and paid a total of $56,113,247 in wages. If you would like more information on Jobs Plus, Inc. or the 11 industrial parks that are located in Kootenai County, contract Bob Potter at (800) 621-5600 or (208)-667-4753.
Panhandle Area Council
The Panhandle Area Council Inc. (PAC) is a non-profit, certified Economic Development Corporation organized to aid in diversifying and stabilizing the area’s economy. The council serves the five northern counties of Idaho and serves as a business incubator for the start-up and expansion of small businesses. Please contact Jim Deffenbaugh at PAC for more information: (208) 772-0584.
Idaho Small Business Development Center
The Idaho Small Business Development Center (ISBDC) is a small business assistance program serving small business owners and managers. If you are interested in expanding or starting up businesses, including manufacturing, retail, wholesale, service and value-added agriculture business, then the ISBDC is who you need to call. They also assist in business plans, cash flow projections, organizational development, marketing/advertising plans, loan assistance information and new venture analysis. You can reach the ISBDC by contacting John Lynn at (208) 769-3284.