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Inward Investment Guides

Market Report: Food Processing Companies Grow at a Steady Pace

Clare Goldsberry , Area Development Contributor,  (Q2 2014)
While some processors are closing plants to eliminate redundancies, others are expanding to be in closer proximity to customers. More

Idaho Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Idaho's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Regional Report: Mountain States’ Economies Striving to Reach New Heights

Steve Stackhouse-Kaelble (Directory 2014)
The Mountain States are posting positive news on the jobs and business location and expansion front. More

Hot Markets for High-Tech Manufacturing Jobs

Greg Matter, Vice President, Tenant Representation, Jones Lang LaSalle (Q3 / Summer 2013)
Access to skilled labor, customers, and suppliers is paramount to high-tech firms’ location decisions, often trumping cost considerations when making technology manufacturing location decisions. More

Work Force Development Programs Can Make or Break a Site Selection Deal

Mark Crawford (Q3 / Summer 2013)
With scant time and resources for recruiting and training workers, companies are looking at states that will help them to quickly satisfy their labor force needs. More

Leading Locations for 2013: The Mountain Region MSAs

Area Development Magazine Special Presentation (July 2013)
A mixture of modern and emerging sectors — including aerospace, biotech, information technology, and financial services — has driven the economies of the Mountain States’ (Colorado, Idaho, Montana, Nevada, Utah, and Wyoming). More

Regional Review: FDI Adds to Vitality of the Mountain States

Dan Calabrese (Location USA / April 2013)
The Mountain States’ economies were driven over the past 12 months by a mixture of modern and emerging sectors, including information technology, and old standbys like dairy. At the same time, foreign investment came from a variety of sources to add to the vitality of the region. More

Regional Review: Mountain States Successfully Meet Economic Challenges

Dan Calabrese (August 2012)
Over the past 12 months, the Mountain States' economies have been driven by a mixture of modern and emerging sectors - such as IT - and old standbys like dairy, which also opened the door for expansion - even as the region braced to learn the economic impact of devastating fires that occurred in June and July. More
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Studies/Research
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Studies/Research

IDAHO at a glance

POPULATION: 1,584,985 (2011)

LABOR FORCE: 775,015 (2012)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Agriculture and food processing, manufacturing, high-tech

EXPANDING INDUSTRIES: Health services, business services, semiconductor and other electronic manufacturing, retail trades, construction, alternative/ renewable energy, aeronautics, firearms, recreational technology, food processing

COLLEGE GRADUATES: (Age 25 and over) 24.4% (2010)

BASIC BUSINESS TAXES:
Corporate Income Tax: 7.4 percent of taxable income with a $20 minimum

Corporate Organization and Qualification Fees: $100 for articles of incorporation or certificate of authority

Sales and Use Tax: (As of October 1, 2009) 6 percent of retail sales price of taxable property; use tax of 6 percent on value of property if not taxed at the point of sale

Property Tax: No state property tax. However, counties and municipal jurisdictions have varying property tax rates; real property is assessed at 100 percent of market value; rates vary among county and municipal jurisdictions; 2009 average of 1.086 percent

BUSINESS INCENTIVES:
Tax increment financing

Community Development Block Grants

Hire One Refundable Income Tax Credit

Workforce Development Training Fund

New Jobs Tax Credit

Investment Tax Credit

Industrial revenue bonds

Idaho Business Advantage

Rural business development grants

Goods-in-transit exemption

Research & Development Tax Credit

Pollution equipment exemption

Production equipment exemption from Idaho sales and use tax

Sales tax exemption (industrial fuels and raw materials)

R&D Income Tax Credit

R&D Sales Tax Credit

Net operating loss deductions

Prime rate loans

Manufacturing investment property tax exemption

Large business property tax cap

Principal Manufacturing industries

  • Food Products
    25.5%
  • Computer & Electronic Products
    19.3%
  • Fabricated Metal Products
    9.2%
  • Wood Products
    8.7%
  • Machinery
    5.1%
  • Transportation Equipment
    4.2%
  • Other Manufacturing Industries
    28.0%