Idaho Resources Page
Inward Investment Guides

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

The Leading Mountain States Metros for Economic and Workforce Growth

Steve Stackhouse (August 2012)
Area Development ranks the Top MSAs in the Mountain states for economic and workforce growth based on the overall results from our Leading Locations for 2012 study. More

2012 Gold & Silver Shovel Awards: Recognizing Excellence in U.S. State Economic Development and Job Creation

Area Development Magazine Special Presentation (Summer 2012)
Texas, Tennessee, South Carolina, and Utah are being awarded Gold Shovels. These states' innovative economic development policies attracted new employers in 2011, as well as catalyzing investments in facility and operating expansions by existing local businesses, driving significant in-state job growth. More

Idaho Basic Business Taxes 2012

Area Development Online Research Desk (2012)
Idaho's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include the Idaho Business Advantage tax credit and investment tax credit. More

Idaho Direct Financial Incentives 2012

Area Development Online Research Desk (2012)
Idaho's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include the Workforce Development Training Fund and Idaho Prime Loan Program. More

Diminishing State Budgets and Public Scrutiny Contribute to Uncertain Business Incentives Climate

Brian Corde, Managing Partner, Atlas Insight (2012 Directory)
Although some state and municipal governments have scaled back their incentives offerings, monies are still available for the "right" projects deemed to benefit their constituencies. More

Regional Report: With Energy as a Main Economic Driver, Mountain States Look Towards Industrial Diversification

Cynthia Kincaid  (July 2011)
While the Mountain region has greatly benefited economically from its mining, oil, and natural gas production, these states also recognize that they are exposed to energy volatility. Industrial diversification has helped fortify their respective economies. More
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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%