- Hawk’s Eye On Business
*ALERT: Next Week the Show moves to 8am MST.
Val is on vacation this week while Roger Hawk interviews Rick Ritter, COO of Invest Idaho and CEO and President of Idaho Tech Connect. Rick has owned and built 5 other businesses in his carerr. Rick obtained his MPA (Masters of Public Administration) from Boise State University and his Bachelor Degree from University of Idaho.
Rick describes the EB-5 (Employment Based) project as another funding resource for businesses in America. Rick’s Regional Center covers the state of Idaho as a whole and only 5 of the regional centers in America cover the entire state whereas most cover much smaller areas. Rick explains that the EB-5 program for Idaho is a program that encourages foreign investments in America for the purposes of growing business. At a high level, the EB-5 program requires a foreigner to invest a $1,000,000 for 24 months in US companies. The companies invested in the capital also has to create a minimum of 10 jobs. After the 24 month period, the foreigner is eligible for a Green Card Visa.
Rick’s company, Idaho Tech Connect, is responsible for administering the fund, choosing the projects to invest in, finding the foreigner’s to invest and all the reporting required for the program. The goal for Idaho Tech Connect, is to fund at least one project a year for the next 5 years. The first project has been kicked off with a $30,000,000 investment.
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Roger Hawk Business Coach
Roger Hawk is the host of “Hawk’s Eye On Business: KBOI News Talk AM670” and has been coaching, teaching & consulting Businesses for over 18 years. He’s been seen in Who’s Who, Virginia Tech’s Scholar Library, Eagle informer and various social media forums. He serves on Eagle’s transportation committee, and has created numerous support tools to help Business Owners become financially successful.
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