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ChiefExecutive.net

#28 Idaho

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7.40 out of 10 in Taxation and Regulation

6.33 out of 10 in Workforce Quality

6.67 out of 10 in Living Environment

Right to Work? ✓

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Companies Fueling Growth in Boise

Boise-based Albertsons has grown from fewer than 200 stores to more than 2,300 locations and $60 billion in annual sales in only five years. Other companies headquartered in the area, including SuperSaver Foods, WinCo, Simplot and Heartland Recreational Vehicles, have also seen robust growth. Boise has invested more than $1 billion in public and private projects such as the new Simplot headquarters, City Center Plaza and JUMP (Jack’s Urban Meeting Place, a nonprofit community center).

From the Governor

“Idaho emerged from the Great Recession stronger than ever….We’re not a state that throws money at business attraction, but we have targeted, performance-based incentives, inexpensive power, a great work ethic and among the most stable, business-friendly tax and regulatory climates in the country.” —Gov. Butch Otter

Key Industries

Agriculture; University R&D commercialization

Key Companies

Alliance Data
Boise Cascade
Edward Jones
MWI Veterinary Supplies
T-Mobile
WinCo Foods
J.R. Simplot
Chobani
Lamb Weston
Idaho National Laboratory

Key Contacts

Commerce

Idaho Department of Commerce

Bobbi-Jo Meuleman, Director
208-334-2470
700 W State Street
P.O. Box 83720
Boise, Idaho 83720-0093
bobbi-jo.meuleman@commerce.idaho.gov
http://commerce.idaho.gov/

 

Key Incentives

Idaho Tax Reimbursement Incentive: Offers a tax credit of up to 30% on income, payroll and sales taxes for up to 15 years for companies that create 20 jobs in rural areas and 50 jobs in urban areas.

Idaho Opportunity Fund: Offers funding at the discretion of the Idaho commerce director for infrastructure improvements to accommodate a new commercial or industrial facility.

Idaho Business Advantage: Offers a wide range of tax credits, sales tax rebates and property tax exemptions for businesses that invest at least $500,000 and create 10 new jobs averaging at least $40,000 per year.

Idaho Investment Tax Credit: Offers 3% tax credit on all new depreciable, tangible personal property used in Idaho.

EDCs

Idaho Economic Development Association: iedassociation.com

Idaho Commerce: commerce.idaho.gov

Boise Valley Economic Partnership: bvep.org

Southern Idaho Economic Development Organization: southernidaho.org

Regional Economic Development Eastern Idaho: easternidaho.org

Highlighted Program or Initiative

Idaho Global Entrepreneurial Mission funds commercialization research where Idaho’s universities and business experts partner to bring new technologies to market.

Big Deals

• Radio technology company Jelli opened new offices in June 2017 and expanded its operations in Boise with 92 new jobs paying average wages of $50,400.
• Albertsons announced 300 new jobs in September 2016 with average annual wages of $71,000.
• McCain foods announced 186 new jobs and a $281 million expansion of its state-of-the-art facility in Burley in May 2017.
• Vista Outdoor announced 137 new jobs and a $99 million capital investment to expand its ammunition manufacturing capacity in Lewiston.

Big Companies

Two Fortune 500 companies headquartered in state:
Micron Technology
Albertsons

C-Suite Testimonials

“Our team here is proud to call Boise home. The roots of our company were strengthened by the Idaho workforce from the first day Mr. Albertson opened his 16th and State store.” —Andrew J. Scoggin, Executive Vice President of Human Resources, Albertsons

“The support from both the state and the county, along with a passionate and skilled workforce, were motivating factors in our decision to expand the Lewiston operation.” —Mark DeYoung, Former Chairman and CEO, Vista Outdoor

“With an expanding tech presence and a flourishing community and culture, Boise was the ideal choice for Paylocity’s newest location. We look forward to building a team in Boise to help us on our mission to elevate payroll and HR professionals from the backroom to the boardroom.” —Steve Beauchamp, CEO, Paylocity

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