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Community Based Organizations Southwest Washington
Private Industry Council (PIC): Costs of hiring and training new employees
may be significantly reduced by programs operated on behalf of the Southwest
Washington Private Industry Council (PIC). NETWORK, the PIC’s primary
training agency for Cowlitz County, trains and places approximately 200
local residents in permanent positions each year, a 75% placement rate.
Employers may request customized skill training of job applicants prior
to hire, wage reimbursements of up to 50% for new employees hired through
on-the-job training agreements, recruitment, pre-screening and referral
of job applicants. PIC programs are designed to train a broad spectrum
of motivated job seekers, from high school students through mature workers.
There are Job Tax Credits available. Please refer to incentive information. Cowlitz Economic Development Council (CEDC): Through the Cowlitz Economic Development Council, the Community Development Finance Program is available to help business and industry secure long-term expansion loans. By combining private financial resources with federal and state lending assistance and local leadership, this program focuses on business expansion through community development activities. Through the loan packaging services offered by the program, businesses can secure loans that provide long-term financing, reasonable interest rates, and low down payments; lenders have a lower credit and collateral risk and more dollars to lend; and communities can look forward to the creation of jobs and expanded tax base. The CEDC uses the resources of community development organizations such as the U.S. Small Business Administration (SBA) and the U.S. Department of Housing and Urban Development (HUD), and the Office of Trade and Economic Development (OTED) Business Finance Unit. The CEDC will connect finance specialists to work closely with businesses (new and existing), banks, local economic development councils, governments, port districts, local revolving funds, and community colleges. The program's purpose is to identify and assess the feasibility of projects, to structure financing alternatives, and to prepare loan packages for the business and for the bank. The program goal is to facilitate planned economic development, job creation, and job retention. Program assistance and services may be requested by:
Loan programs are available for real estate, new construction, renovation, major leasehold improvements, machinery, equipment, and working capital. Government financing for a start-up business is possible but more difficult and requires a larger down payment by the business. Decisions are based on criteria such as experience in the type of business to be financed, evidence of ability to repay the loan, owners' equity in the business, sufficient collateral, and job impact. Finance specialists
assist with the packaging of loans for a variety of programs, including: |
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