SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED $113 MILLION IN IDAHO OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Idaho
- SBICs have invested in 21 small businesses in Idaho since 2018.
- SBICs have invested more than $113 million in Idaho small businesses since 2018, with over $20 million invested in FY 2022 alone.
- Idaho businesses that received financing from SBICs in 2020 supported 730 employees, and that number is growing.
A sampling of the Idaho-based companies that have received SBIC financing:
Track Utilities, LLC (Meridian)
Track Utilities, LLC provides mission-critical electric and telecommunications infrastructure services in the Northwest and Intermountain West through a skilled labor force of over 300.
Track has deep, long relationships with the major electric utilities and telecom providers in its territory and is unique in its ability to offer customers a full suite of aerial telecom, underground telecom, overhead electric, underground electric, joint utility trenching, and directional drilling services.
- SBIC Investment: $7,700,000
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Jensen Jewelers (Twin Falls)
The Jensen family founded Jensen Jewelers in 1956, opening their first store in downtown Twin Falls, Idaho. Their oldest son, John, came to work for the company in 1972, and along with his wife, Anna Dee, purchased the company from his parents in 1986. Don remained a supportive advisor until his passing in 2004. In 2006 John and Anna Dee began their calling to charity work.
Jensen Jewelers is still a privately-owned company, growing from that first location in Twin Falls to fourteen stores across four states: Idaho, Montana, Nevada, and Wyoming. Despite that growth, Jensen is still headquartered just down the street from where the company began, proudly employing over 100 people.
- SBIC Investment: $6,790,000