Idaho small businesses feel shutdown sting

Idaho small businesses feel shutdown sting »Play Video
BOISE, Idaho (KBOI) -- Because the Owyhee Hotel Building is on the National Register of Historic Places, developer Clay Carley and his partners are restoring the iconic downtown structure with the help of a million dollars in historic tax credits.

But strict guidelines must be followed to qualify for the tax credits which are administered and closely reviewed by the National Park Service.

"We have all this issues we need to watch and schedule," Carley said, "and the National Park Service's being shut down in some cases has us completely hamstrung. It's killing us, we can't finish the project."

Future tenants of the Owyhee are feeling a different kind of shutdown pain because the Small Business Administration is also closed and all SBA-approved loans are in limbo.

And the closure of the SBA is especially troublesome for Idaho.

"Ninety-seven percent of businesses in Idaho have less than 500 employees, and 85 percent are less than 50 employees.," said Katie Sewell with the Idaho Small Business Development Center. "We're a small business state, that's what drives our economy."