Big Business Perspective
In contrast, the RCIF program appears well-suited to the needs and capabilities of larger businesses. The focus on public infrastructure improvements aligns closely with the requirements of corporations considering significant expansion or relocation. The substantial grant amounts, up to $500,000, can meaningfully offset the costs associated with major development projects.
Larger businesses are more likely to meet the job creation requirements, especially when planning significant expansions. The infrastructure improvements and potential tax benefits offer competitive advantages that can enhance a large business's market position. The program's consideration of long-term impacts also aligns well with the strategic planning horizons typical of larger corporations.
The lack of specific job creation requirements, while potentially problematic for program accountability, may actually benefit larger businesses. This flexibility allows for negotiation of job creation targets that align with their expansion plans, potentially resulting in more favorable terms compared to programs with rigid requirements.
The involvement of the Economic Advisory Council in the review process may favor larger, more impactful projects characteristic of big businesses. Additionally, the program's flexibility in eligible activities allows it to be tailored to the specific needs of large-scale business expansion projects.
The Idaho Strategic Resources press release provides an example of how the program can benefit larger enterprises. While specific job numbers are not disclosed, the company commits to creating a minimum of six new jobs and retaining ten current jobs. This level of job creation, while significant for a rural area, might be more easily achieved by an established mining operation than a small business startup.