Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew
Idaho Resources Page
Inward Investment Guides

Regional Report: Mountain Region States Highlighting Innovation and Pioneer Industries

Karen Thuermer (Directory 2015)
States in the mountain region are pulling out the stops to attract advanced technology companies. Nowhere is this more true than in Nevada, where Tesla is building its gigafactory, which will be the world’s largest and most advanced battery factory. More

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

IDAHO at a glance

POPULATION: 1,612,136 (2013) - Source: IDAHO DEPARTMENT OF LABOR

LABOR FORCE: 776,000 (2014) - Source: IDAHO DEPARTMENT OF LABOR

RIGHT TO WORK: Yes

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

EXPANDING INDUSTRIES: Health services, business services, semiconductor and other electronic manufacturing, retail trades, construction, alternative/ renewable energy, aeronautics/aerospace, firearms, recreational technology, food processing, software, advanced manufacturing - source: IDAHO DEPARTMENT OF COMMERCE

COLLEGE GRADUATES: (Age 25 and over) 25.5% (2012)

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; 2012 average of approximately 1.339 percent

BUSINESS INCENTIVES:
Tax increment financing

Community Development Block Grants

Workforce Development Training Fund

New Jobs Tax Credit

Investment Tax Credit

Industrial revenue bonds

Idaho Business Advantage Tax Credits

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

Manufacturing investment property tax exemption

Large business property tax cap

New Markets Tax Credit Program

Tax Reimbursement Incentive (Up to 30% for 15 years reimbursement on corporate income, personal income and sales taxes for qualified projects) - source: IDAHO DEPARTMENT OF COMMERCE

Principal Manufacturing industries

  • Food Products
    28.6%
  • Computer & Electronic Products
    19.3%
  • Fabricated Metal Products
    9.6%
  • Wood Products
    9.8%
  • Transportation Equipment
    5.2%
  • Machinery
    4.9%
  • Other Manufacturing Industries
    22.6%