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| "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.
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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. |
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|
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. |
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