POPULATION: 1,499,402 (2007)

LABOR FORCE: 734,750 (2007)

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 energy

COLLEGE GRADUATES (Age 25 and over) 23.3% (2007)

BASIC BUSINESS TAXES:
Corporate Income Tax: 7.6 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, 2007) 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

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
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
Rural manufacturing investment property tax exemption
Large business property tax cap