Wednesday, September 2, 2009

Valley business group gets $20Kgrant

Jigsaw plans to study business incubator


By EXPRESS STAFF

Jigsaw has been awarded a $20,000 Rural Business Enterprise Grant by the U.S. Department of Agriculture to study the feasibility of a business incubator in the Wood River Valley. Blaine County government, which co-signed for the stimulus money, is the fiscal agent for the project.

Jigsaw is a nonprofit organization dedicated to supporting entrepreneurs, small businesses and the economic sustainability of the Wood River Valley.

The $20,000 grant is conditional on Jigsaw's raising an additional $5,000 of matching funds. 

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The study will indicate if an incubator will assist the valley's economy, where it would best be located, what kind of businesses it should focus on, and how it should be financed, structured and managed.  Jigsaw's next step will be to hire a consultant to do the roughly two to three months of work. 

The award marks the first grant to the Wood River Valley by the Rural Development Office of the USDA. 

Those interested in contributing to the $5,000 fund (large or small amounts are welcome) should contact Rice at jimasv@cox.net or 726-1848.




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