ChiefExecutive.net

Rapid Growth in the Gem State

Idaho is now the fastest-growing state in the nation and is noted for its quality of life and expanding economic opportunities. Residents are flocking to the Boise area and so are companies. Boise State University recently broke ground on the Micron Center for Materials Research, and Japanese company Sakae Casting chose Idaho Falls for its first U.S. location.

Key Contacts

Commerce

Idaho Department of Commerce

Tom Kealey, Director
208-334-2470
700 W State Street
P.O. Box 83720
Boise, Idaho 83720-0093

tom.kealey@commerce.idaho.gov
http://commerce.idaho.gov/

Key Incentives

Idaho Tax Reimbursement Incentive: Performance-based incentive offers a tax credit of up to 30% for 15 years for companies that add new qualified jobs.

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

Idaho Opportunity Fund: Offers discretionary funding for infrastructure improvements to attract new commercial or industrial facilities.

Property Tax Exemption: Offers a partial or full property tax exemption for up to five years for companies that invest at least $500,000 in new or existing non-retail commercial or industrial facilities.

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

Eastern Idaho Economic Development: easternidaho.org

Highlighted Program or Initiative

The Idaho LEADER Initiative aims to increase engagement between education and employers with work- based learning opportunities.

Big Deals

• Sakae Casting of Tokyo, Japan, opened in its first U.S. location in Idaho Falls in April 2017.
• Syngenta broke ground in April 2018 on a $30 million expansion of its seed facility in Nampa.
• Boise State University broke ground in April 2018 on the $50 million Micron Center for Materials Research.
• Dutch deep frozen storage and logistics specialist NewCold announced in July 2018 it will open a second mechanized facility in Burley, which will be the largest of its kind in the country.
• Clearwater Analytics announced in July 2018 a 26,000-square-foot expansion of its building in downtown Boise. The company now employs more than 650 people in the area.

Big Companies

Albertson’s
Micron Technology
J.R. Simplot
Winco Foods
Lamb Weston
Paylocity

C-Suite Testimonials

“Investments in world-class research capabilities are essential to both Micron and Boise State University. And, this facility continues to demonstrate Micron and Boise State’s longstanding partnership in pursuit of building strong science and technology centers of excellence for the Boise area.” —Scott DeBoer, Executive Vice President, Micron Technology

“Government leaders at all levels are here to assist, not hinder, the growth of business and jobs. You’re wanted here.” —Bill Whitacre, CEO, J.R. Simplot

“With an expanding tech presence and a flourishing community and culture, Boise was the ideal choice for Paylocity’s newest location.” —Mark Kinsey, Senior Vice President of Operations, Paylocity