The Eastern Idaho Development Corporation was formed to stimulate economic development and create jobs in Southeast Idaho. We help stimulate economic growth in our region by managing four loan programs: the Small Business Administration (SBA) 504 Loan Program; a City of Pocatello Revolving Loan Fund (RLF); the U.S. Department of Agriculture (USDA) Intermediary Relending Program (IRP); and the USDA Rural Business Enterprise Grant (RBEG) program
In 1982 a small group of community leaders recognized that a special purpose lending agency would enhance the area's ability to promote economic growth.
On March 4, 1983, the Greater Pocatello Development Corporation (GPDC) was incorporate by the Idaho Secretary of State.
On March 21, 1983, the GPDC applied to the Small Business Administration for designation as a Certified Development Company.
On July 15, 1983, the SBA certified the GPDC as a lender.
On July 28, 1984, the GPDC and the city of Pocatello signed an agreement assigning the GPDC as administrator for a Revolving Loan Fund.
On February 18, 1987, the GPDC was designated to qualify applicants for the city's airport incubator.
On January 15, 1988, GPDC changed its name to Eastern Idaho Development Corporation. This change more accurately portrayed the corporation's regional involvement in economic development.
The EIDC is located at Idaho State University's Business and Technology Center.