ISU Headlines

Leaders named to area economic development organizations

Posted January 8, 2010

Samantha Damron has been named executive director of the Eastern Idaho Development Corporation (EIDC) and Thomas Maydew has been appointed executive director of the Region V Small Business Development Center (SDBC).

Samantha DamronDamron has been the corporation’s business consultant and loan officer since 2005. In her new role she will lead and manage the activities of the certified development company, with operating responsibility for all aspects of operations, marketing and management. Prior to joining EIDC she was branch manager for Citifinancial in Pocatello. She will report to the 15-member EIDC board of directors.

Among her duties will be to work with area banks to arrange small business loans through one of the agency's three loan programs, funding for which comes from a U.S. Small Business Administration 504 loan, a small City of Pocatello revolving loan fund and a  U.S. Department of Agriculture revolving loan program for rural clients.

The EIDC has funded more than 200 loans since 1983 in southeast Idaho to purchase or construct buildings for their businesses.  The corporation’s focus is on capital formation, job growth, and economic development.

Maydew, a trainer and consultant with the Region V Small Business Development Center since 2003, will oversee operations, marketing and management for the center, which is funded in large part by the U.S. Small Business Administration, the State of Idaho, and Idaho State University. He will report to Kenneth A. Smith, Ph.D., CPA, dean of the ISU College of Business, and to the state SDBC office in Boise.

Prior to joining the SBDC, Maydew owned and operated Frontier Foto, Inc. for more than 20 years. He held earlier positions with Conrads, Inc., Kmart and Western Marine Electronics.

The SBDC mission is to provide direction, solutions, and impact to start up and existing businesses through confidential, no-cost consulting and low-cost training opportunities.  The Pocatello office serves the seven counties of southeastern Idaho. SBDC clients consistently out-perform the average small business in Idaho in sales growth

The SBDC also delivers the nationally recognized NxLeveL (cq) Entrepreneurship Training Course twice yearly with classes starting in March and September.  A free, three-hour small business start up seminar is hosted the second Thursday of each month at the center site on Alvin Ricken Drive in Pocatello.  Each August, the SBDC sponsors the all-day Working Women's Business Symposium held at the ISU Pond Student Union in Pocatello.  The symposium includes keynote speakers, informational breakout training sessions, and a trade table exposition.

For more information on the Eastern Idaho Development Corporation, contact Samantha Damron at damrsama@isu.edu. For more on the Region V Small Business Development Center, contact Thomas Maydew at maydtom@isu.edu. Both may be reached at  (208) 232-4921.