Access to Capital
Early stage companies have many resources to help finance their business, from government funding to regional matching grants to local investment firms. Below you will find information into some of these resources as well as helpful links to guide you.
Local and Regional Recourses
The Regional Development Alliance, Inc. (RDA)
The RDA is a private, non-traditional business finance corporation located in Idaho Falls, Idaho. The RDA manages a sizeable regional business investment fund and a micro business loan program. In addition to managing business investment funds, the RDA also serve as the Community Reuse Organization (CRO) for the Idaho National Laboratory (INL). For more information visit the RDA's website.
The Development Company
The Development Company serves both local businesses and governments in order to develop and expand the potential of local businesses by offering loans, Workforce development programs, an Incubator Program, and development planning services for governments. For more information visit the Development Company's website.
Madison Economic Partner's, Inc. (MEPI)
Madison Economic Partners, Inc. (MEPI) mission is to help create opportunities for economic development in Madison County; through business expansion, retention, and attraction. Madison Economic Partners, Inc. supports and promotes healthy policies and activities, which will contribute to the economic stability and growth of Madison County. For more information visit MEPI's website.
Eastern Idaho Entrepreneurial Center
The Eastern Idaho Entrepreneurial Center or E-Center, focuses on developing businesses through research and consultations. Since its start in 2008, the E-Center has worked with over 200 clients, and offers a wide variety of projects to meet their clients' needs by facilitating strategic decision making. For more information visit the E-Center's website.
The Southeast Idaho Research Institute
The Southeast Idaho Research Institute or SIRI is a nonprofit organization designed to facilitate collaboration between researchers at BYU-Idaho and other institutions and organizations in Southeast Idaho. SIRI's mission is to:
- Provide mentored research experiences to students in SE Idaho
- Promote scientific research
- Promote practical applications of new technology
For more information visit SIRI's website.
The Rexburg Area Chamber of Commerce
The Rexburg Chamber of Commerce is a private, non-profit, membership-driven organization comprised of 500+ business enterprises, civic organizations, educational institutions and individuals. Its mission is to be a business advocate center for Southeast Idaho. For more information visit the Chamber's website.
State and Federal Government Funding
U. S. Small Business Administration
The SBA provides a number of financial assistance programs for small businesses that have been specifically designed to meet key financing needs, including debt financing, surety bonds, and equity financing. Visit SBA'swebsite for more detailed information.
Other Government Funding and Grants
Other government grants come from local, state and federal agencies that spend billions of dollars each year for procurement, research and consultant services. Startup companies may wish to partners with a larger company and serve as a subcontractor or pursue small business set aside contract/grant opportunities.