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Idaho

USA
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Overview

Idaho is a state in the northwestern region of the United States. It borders the state of Montana to the east and northeast, Wyoming to the east, Nevada and Utah to the south, and Washington and Oregon to the west. To the north, it shares a small portion of the Canadian border with the province of British Columbia. With a population of around 1.6 million and an area of 83,569 square miles (216,440 km2), Idaho is the 14th largest the 39th most populous and the 7th least densely populated of the 50 U.S. states. The state's capital and largest city is Boise.

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EDO Spotlight

Regional Marketplace Idaho (Coming Soon)
EDO Website Idaho Commerce
SelectUSA Contact Fred Johnson

Companies

Projects

Incentives

Idaho Global Entrepreneurial Mission (IGEM) Grants

The Idaho Global Entrepreneurial Mission, or IGEM, creates partnerships that pairs private sector experts with research professionals to bring commercially viable technologies to market. The IGEM initiative is creating new products, companies, and high—value jobs—and increasing the research capacity of Idaho’s universities in strategic areas.

Rural Community Block Grants Grants

These grants finance infrastructure improvements in Idaho’s rural communities, with a focus on business development and job creation. Eligible entities include cities with populations under 25,000 and counties and Tribes whose projects benefit rural areas.

Idaho Opportunity Fund Grants

The Idaho Opportunity Fund (IOF) services as a “deal closing fund” to strengthen Idaho’s competitive ability to support expansion of existing Idaho businesses and recruit new companies to the state, ultimately creating new jobs and economic growth in Idaho.

Community Development Block Grants Grants

This program enhances local infrastructure to create a better business environment for existing and potential businesses. Eligible entities include counties, cities with populations under 50,000, and service providers such as water and sewer districts and senior centers.

STEP Grants Grants

STEP grants support Idaho businesses looking to expand into international markets through exports.

Workforce Development Job Training

Businesses can receive up to $3,000 in cash reimbursements for the training of full-time, new employees or for helping retain employees facing permanent layoff.

Rural Economic Development & Integrated Freight Transportation Program Low Interest Financing

The program was created by the Idaho Legislature in Title 49, Chapter 29 to assist businesses and industries as well as qualified short line or intermodal freight shippers to upgrade, expand, rehabilitate, purchase or modernize equipment and facilities for Idaho’s freight shipping infrastructure.

Collateral Support Program Low Interest Financing

The program places pledged cash deposits with lending institutions to enhance the collateral of qualified small business borrowers who would not otherwise be able to obtain financing. The deposits are available to cover loan losses, in the event of a default, or are returned to be recycled for the benefit of another qualified borrower.

Research & Development Credit Tax Credits

Businesses that conduct qualified research may be eligible for a 5% income tax credit that can be carried forward for up to 14 years.

3% Investment Tax Credit Tax Credits

Businesses that make qualifying new investments may earn a 3% income tax credit that can be used to offset up to 50% of a company's state income tax liability. The credit can be carried forward up to 14 years.

Idaho Business Advantage Credits Tax Credits

If your business invests at least $500,000 in new facilities and creates at least 10 new jobs averaging $40,000 a year with benefits, you may qualify for a wide package of incentives, including tax credits, sales tax rebates, and property tax exemptions.

Property Tax Exemption Tax Exemptions

If your business invests $3 million in new manufacturing facilities, you may qualify for a full or partial property tax exemption for up to five years.

Sales & Use Exemption Tax Exemptions

Applies to equipment used in manufacturing, processing, and mining, as well as equipment or materials used in R&D.

Tax Reimbursement Incentive (TRI) Tax Refund

A performance-based incentive, which features a tax credit of up to 30% for up to 15 years on new state tax revenues generated by companies seeking to expand in or relocate to the state of Idaho by adding new, qualifying jobs.

Relevant Links

45

fdi rank

16,100

fdi jobs

3.0%

of total private employment from fdi

340

global employers

15.8%

5 year growth in fdi employment

6.5%

5 year growth in private sector employment

FDI Employment by Industry

FDI Employment by Country

629,165,103

exports ($)

1,495,248,581

imports ($)

26

state-local tax burden rank

Census Data

Population
Population estimates, July 1, 2016, (V2016)1,683,140
Population estimates base, April 1, 2010, (V2016)1,567,650
Population, percent change - April 1, 2010 (estimates base) to July 1, 2016, (V2016)7.40
Population, Census, April 1, 20101,567,582
Age and Sex
Persons under 5 years, percent, April 1, 20107.80
Persons under 18 years, percent, April 1, 201027.40
Persons 65 years and over, percent, April 1, 201012.40
Female persons, percent, April 1, 201049.90
Race and Hispanic Origin
White alone, percent, April 1, 201089.10
Black or African American alone, percent, April 1, 20100.60
American Indian and Alaska Native alone, percent, April 1, 20101.40
Asian alone, percent, April 1, 20101.20
Native Hawaiian and Other Pacific Islander alone, percent, April 1, 20100.10
Two or More Races, percent, April 1, 20102.50
Hispanic or Latino, percent, April 1, 2010 (b)11.20
White alone, not Hispanic or Latino, percent, April 1, 201084.00
Population Characteristics
Veterans, 2011-2015119,711
Foreign born persons, percent, 2011-20156.10
Housing
Housing units, April 1, 2010667,796
Owner-occupied housing unit rate, 2011-201568.90
Median value of owner-occupied housing units, 2011-2015162,900
Median selected monthly owner costs -with a mortgage, 2011-20151,189
Median selected monthly owner costs -without a mortgage, 2011-2015340
Median gross rent, 2011-2015743
Families and Living Arrangements
Households, 2011-2015589,320
Persons per household, 2011-2015269.00
Living in same house 1 year ago, percent of persons age 1 year+, 2011-201582.40
Language other than English spoken at home, percent of persons age 5 years+, 2011-201510.60
Education
High school graduate or higher, percent of persons age 25 years+, 2011-201589.50
Bachelor's degree or higher, percent of persons age 25 years+, 2011-201525.90
Health
With a disability, under age 65 years, percent, 2011-20159.00
Persons without health insurance, under age 65 years, percent12.90
Economy
In civilian labor force, total, percent of population age 16 years+, 2011-201562.60
In civilian labor force, female, percent of population age 16 years+, 2011-201556.80
Total accommodation and food services sales, 2012 ($1,000) (c)2,680,225
Total health care and social assistance receipts/revenue, 2012 ($1,000) (c)7,895,614
Total manufacturers shipments, 2012 ($1,000) (c)20,201,432
Total merchant wholesaler sales, 2012 ($1,000) (c)17,906,012
Total retail sales, 2012 ($1,000) (c)20,444,278
Total retail sales per capita, 2012 (c)12,812
Transportation
Mean travel time to work (minutes), workers age 16 years+, 2011-201520
Income and Poverty
Median household income (in 2015 dollars), 2011-201547,583
Per capita income in past 12 months (in 2015 dollars), 2011-201523,399
Persons in poverty, percent15.10
Businesses
All firms, 2012146,642
Men-owned firms, 201270,438
Women-owned firms, 201245,121
Minority-owned firms, 201210,592
Nonminority-owned firms, 201210,592
Veteran-owned firms, 201212,804
Nonveteran-owned firms, 2012124,314
Geography
Population per square mile, 201019
Land area in square miles, 201082,643