Global Direct Investment Solutions

Corporate Development for a Networked World

OnTheShortList.com     SurgeUSA.org

 Add to Google Add our site search tool to your iGoogle page

ShortListNews.com

Point of View : Why a business should invest in Idaho.

Contact :   TEL   847-304-4655

Bruce Donnelly   bruce@gdi-solutions.com    (Biography)

Home Up Search Contacts Maps Advertise News

Up
Seek Advice
Directories
For Executives
GUIDE Tools
Highlights
Research
Projects
Professionals
Real Estate
Biography
Comments
Events
Introduction

"Why should a business invest in Idaho?"

Idaho state economic development professionals who are responsible for the attraction of business investment projects and providing site selection assistance to executives and their consultants were invited in April 2006 to provide an informative article on this simple topic.

We publish their point of view here for convenient reference.  This reflects their local market knowledge, project experience, and selective facts about their state business environment and the competitive business investment climate in their region as presented below.

Additional comments and research suggestions follow their article.

Who to contact for business investment projects in Idaho.

The article below about the competitive site selection advantages for business investment projects, and the support services provided as companies grow in Idaho, is from :

Donald Dietrich, Economic Development Specialist

Idaho Commerce & Labor

TEL (208) 334-2650 ext. 2114   <e-mail optional>

www.idahoworks.com  or www.cl.idaho.gov

 

Idaho : News - state News section for project announcements or other PR

Idaho : Buildings and sites - for commercial real estate searches

Local business clusters can also be researched through our Idaho directory of economic development agencies or other directories, including site selection consultants.

Similar articles are also available from other state economic development agencies.

See : The Long List : Why Invest In This Business Location?  and www.OnTheShortList.com

Please contact us for assistance with business expansion project plans anywhere.  Global Direct Investment Solutions is an independent service for executives and their advisors.

Tell us what you need to find for your project, and we will help you in confidence.  Our role is like a concierge who organizes market knowledge and an extensive network of contacts for quick, flexible, and private response to diverse needs through research and well-qualified referrals.

If you find this article or related content to be helpful, please let them know how you found it.  We also welcome comments and suggestions to improve such articles and our research work.

 

Relevant reciprocal links to this article or other content on this website are welcome.

The GUIDE content below reflects our own research work among local areas in the state.

We also make it easy to search the content of fDi magazine - published by FT Business of the Financial Times group.  Try fDi Links, or just pick their "radio button" in the custom Google site search box on the home page at www.OnTheShortList.com or on this website. We handle US advertising sales and related marketing work for fDi magazine.  Refer to our profile of fDI magazine for more information, including highlights of back issues and future editorial and event plans, and examples of past advertisers.

state economic development logo, banner, or thumbnail ad image(s) not available to publish here at this time

Ad Recall : fDi magazine

Executive Summary : Why invest in Idaho?

Download WhyID.pdf copy of this article.  Published May 25, 2006.

GUIDE content : GDI-Solutions
Progressive Business Climate and Quality of Life Fuel Idaho’s Economic Growth

Over the last year, Idaho has been the destination of choice for a number of major national companies that recognize the value of investing in Idaho.

National recognition in publications like Forbes and Inc. magazines consistently ranking the state as a top location for doing business.

In May, Forbes ranked Boise, Idaho’s capital city, as the fourth best place to do business. In April, Inc. magazine listed the northern Idaho city of Coeur d’Alene as no. 5 on a list of top “Boomtowns.” Idaho Falls in eastern Idaho came in at No. 10 on that list.

Area Reports : Field Research

- none at this time

 

Area Profiles : Basic Research

- none at this time

 

Area Surveys : Local Summary

- none at this time

Post Falls, Idaho is now the new home to Buck Knives. The long-standing California company caused quite a stir in 2002 when it announced plans to move its corporate headquarters and manufacturing facility from El Cajon, Calif. where the company had been based since 1947.

Company leaders cited out-of-control business costs in California as the reason the reason for making the move.

In Idaho, the company found a state that is among one of the country’s lowest-cost places to do business, according to the latest report from economy.com. Buck Knives President C.J. Buck told Inc. magazine that Idaho delivered everything the company hoped for. “Electric bills are roughly 30 percent what they would have been if Buck had stayed in California and workers' compensation rates are 10 percent lower,” Buck said. “The move reduced overhead and freed up capital for investment and product development. It has reinvigorated this company, from the engineers to the factory floor.”

Consultants, other professionals

- incentives consultants

- business location consultants

- other directories of professionals

 

Available consultant reports

- none at this time

 

Idaho also offers companies a host of attractive business incentives everything from tax credits to funding that offsets a company’s training costs. A full list of Idaho’s business incentives are available at idahoworks.com. "Our business-friendly environment, low operating costs, great quality of life and skilled, motivated work force give companies a competitive edge,” said Idaho Commerce & Labor Director Roger B. Madsen. “Investing in Idaho not only makes sense, it pays off.”

The recent recognition by national magazines and the discovery of Idaho by major companies coupled with attractive incentives offered by state leaders is driving an unprecedented economic expansion in the Gem State.

Ad Recall - state and local ads

- Idaho Ad Recall

 

Event Recall - places to meet

- BIO 2007, Boston www.bio.org

- CoreNet Global Summits - US

 
In 2005, nearly $124 million in expansion projects were completed in the state during the year, and another $42 million in projects were announced or underway before year’s end.

Ten major expansions were announced or completed over the course of 2005, adding 790 new jobs. State leaders say the state economic growth shown no sign of slowing and the state is already on track to add even more jobs in 2006.

In April, Dutchmen Inc., a division of Thor Industries, announced plans to open a new recreational vehicle manufacturing plant in the south-central Idaho city of Burley. The expansion will bring 200 jobs to the region and is expected to attract interest from other manufactures and suppliers in the recreational vehicle industry interested in expanding.

Manufacturing companies are attracted to Idaho not just for the low business costs, but for the availability of a high quality work force and the money companies can save on transportation costs by being closer to the West Coast market.

Tax information

-

 

Governor - see US directory

www2.state.id.gov.us/gov/ 

www.state.id.us

Business Incentives

- Idaho incentives information

- incentives consultants

- Incentives research sources

Idaho’s manufacturing expansion boom began early in 2005 with the opening of a new $6.4 million travel trailer manufacturing plant in Twin Falls for Jayco Inc.

The expansion by Jayco was the first time the recreational vehicle company opened a new operation outside of its home state of Indiana.

The year came to a close with an announcement by Wisconsin-based Marathon Cheese that it would build a $27 million cheese packaging plant in Mountain Home located in southwestern Idaho. The plant will create 250 jobs initially when it opens in late 2006 with the potential to increase employment to more than 500 jobs.

The Marathon Cheese announcement was followed in December 2005 with an announcement from Cabela’s that Boise would be the site of the company’s first Northwest outdoors store scheduled to open this summer.

Existing Companies, Clusters

 

Sites, Buildings, Business Parks

- Idaho commercial property list

- CRE Search

- Featured properties - none

 

Science Parks and Incubators

- Technology parks directory

 

FTZ's - Foreign-Trade Zones

- FTZ directory

 

BRAC - military base closures

- BRAC directory

 

Rail, Ports, Airports

-

But it isn’t all business incentives that attracts companies like Buck Knives and others to the state.

Idaho is an outdoor enthusiasts dream. The state is home to the one of the largest tracts of wilderness in the United States. Two centuries ago Lewis & Clark gained a new respect for the state’s rugged Bitterroot Mountains in what proved to be the expedition’s toughest challenge on their travels to the Pacific Ocean.

The state’s rivers offer everything from serene floating opportunities to white-knuckle whitewater adventures. Idaho is also home to nationally known ski resorts like the legendary Sun Valley and the nation’s newest all-season resort Tamarack.

Idaho’s cities offer low housing costs, great education systems, low crime and a whole host of things to do everything from dining to world-class theater.

Idaho has truly been discovered as a state that offers the best of all worlds. It’s a great place to live and work.

Utilities

GIS map presentations

Labor Market

Demographic and cost data

 

Professional services directories

- Site selection, strategy

- Project management

- Corporate real estate

- Property developers

- Human resources

- Logistics

- Tax services

- Legal - international

- Utilities

Article provided by : Donald Dietrich, Economic Development Specialist, Idaho Commerce & Labor  TEL (208) 334-2650 ext. 2114

 

Information Contact : Idaho Commerce & Labor - Public Information Office

Ken Dey, TEL 208-332-3570 x 3650 or Georgia Smith, TEL 208-841-5509

317 West Main Street, Boise Idaho 83735    www.cl.idaho.gov

 

Please let them know if you found this article to be helpful, or if you have suggestions for improvement.

PR : Project Announcements

- Idaho news, press releases

- US Mountain region projects

Tourism

Residential Real Estate

- national directory of resources

Latest update to the above article : May 25, 2006.  Requested April 30, 2006 The above is GDI-Solutions content.
If quoting the above material, please cite the state organization and contact as the original source, and that it was found through www.gdi-solutions.com

Questions or Comments?

Contact : Bruce Donnelly

TEL 847-304-4655 Chicago

This article was prepared by professionals who are responsible for the attraction of business investment projects to the state, such as for new offices, factories, distribution centers, etc.  These articles are not edited to reflect our own research, experience, or point of view, nor do we validate the assertions which they have made in the article, or make any warranty about such content.  We provide other content and links through our independent GUIDE research work. Please let us know if there are other topics which you would like these articles to cover, or if you feel that any updates or corrections are needed.  Comments based upon experience as an executive or professional service provider responsible for the planning of investment projects anywhere are welcome.  We also welcome other professional research reports which we can summarize and make available through links to relevant websites where they are published.
Our USA Search feature at www.OnTheShortList.com  can be used to selectively search the websites of US state economic development agencies as a convenient research tool. Similar research tools are the Area Search (areas within states), CRE Search (commercial real estate), Event Search (associations, trade shows), and Media Search (publications).
We also maintain many reference directories of economic development agencies, professional service provides, and topics of common interest for capital investment project planning.

This includes directories of project announcements, property listings, incentives information, labor market information, and many other resources to facilitate project plans.

Our Research directory provides links to many sources of information and data which may be helpful to executives for capital investment project plans and quick reference in general.

The focus of our work, however, is to provide personal response to business enquiries which are relevant to this field.  Please contact us for assistance with business expansion plans.

Feedback from our visitors  (Refer also to our general Guest Book)

Was this presentation helpful?  If so, please let them know, and inform us too.

With permission, we may selectively share comments below by executives and professional advisors with relevant experience at the planning and management of business operations in the state.  This includes executives who may have carefully considered potential investment in the state, such as to set up new offices, factories, distribution, R&D operations, etc.

In particular, we welcome comments which provide significant additional insights into the basic question posed by us to the state officials : Why invest in this business location?

Please rank the article in reply on the following point scale (such as zero to "five points").

 

●●●●●  Very helpful.  Please indicate what was most useful, and why.

●●●●○  Good.  What was most helpful?  What needs improvement?

●●●○○  Helpful.  What was good?  What needs improvement?

●●○○○  Needs improvement.  Please suggest how it could be better..

●○○○○  Not helpful.  Please indicate why not.  What would be very helpful?

○○○○○  Misleading or inaccurate.  Please substantiate with verifiable facts.

 

We do not publish anonymous comments, but we will respect specific requests to not be identified publicly here.  We can just describe the source of the comment without attribution.

Comments :

None available at this time.  Please be the first visitor to review this article.

 

○○○○○  No article ratings by visitors shared yet

 

Date :

Comment by :

Company :

Position title :

Basis : (doing business in the state, considered investment there, business advisor, etc.)

How to contact, if willing to discuss comments privately :

   
Ad Recall : Idaho        

 

Advertise in fDi magazine

Directory of fDi advertisers

Thumbnail images

will link to the ads

from relevant pages,

with contact details

and searchable ad text.

Ask us how to be

listed in our Ad Recall

feature, no matter

where or how often

you may advertise.

We handle US

advertising sales and

do US marketing work

for fDi magazine, an

FT Business publication.

"fDi - Foreign Direct

Investment - is the ONLY

global publication focusing

on the business of

globalization."

         

Please let us know whether this article and their services were helpful to you.

     


Send questions, suggestions, or comments about this site to enquiries@gdi-solutions.com Disclaimer.

Global Direct Investment Solutions, PO Box 439  Fox River Grove, IL 60021-0439  TEL 847-304-4655  FAX 847-304-5375

The use of graphics and advertising has been minimized to improve performance.  Display settings
Copyright © 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009  Global Direct Investment Solutions, Inc.      Last modified: 01/27/09