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Biz ‘Bite:’ Clearwater Economic Development Association building sold to Northwest River Supplies
IBR Staff//September 13, 2022//
Biz ‘Bite:’ Clearwater Economic Development Association building sold to Northwest River Supplies
IBR Staff//September 13, 2022//
The Clearwater Economic Development Association (CEDA) and Northwest River Supplies (NRS) have announced that they have completed a real estate transaction for CEDA’s building at 1126 Alturas Drive in Moscow.
“Alturas Park was established to provide a location for local businesses to grow and thrive, and NRS’s purchase of this building is just another example of that coming to fruition,” Moscow Mayor Art Bettge stated in the announcement.
“For us, growth isn’t just about getting bigger, it’s about deepening our commitment to our customers, employees and community,” said NRS CEO Bryan Dingel in a statement. “We’re excited about the opportunity to continue investing in Moscow and in our future. As we celebrate our 50th year in business, this move helps prepare us for the next 50 years.”
The 12,476-square-foot building was constructed in 2004 and until now, was leased by Comtech AHA Corp, according to the announcement. NRS stated it plans to move its product development and repair operations to the building, which will allow room for continued expansion. 100% employee-owned, NRS is touted as the world’s leading supplier of equipment and apparel for water recreation, safety and rescue.
As a nonprofit regional economic development organization, CEDA will use the proceeds from the sale to invest in projects in north central Idaho. Clearwater Economic Development Association (CEDA) drives regional development and provides local governments guidance on economic diversification, improved community livability and collective prosperity within the Idaho counties of Clearwater, Idaho, Latah, Lewis and Nez Perce.
“When we decided to sell this spring, we recognized NRS was across the parking lot from the building and it seemed like a perfect opportunity,” CEDA Executive Director Dodd Snodgrass stated. “We knew we wanted to find a local buyer and encourage new business expansion in Moscow. Selling to NRS accomplished just that.”
