Idaho Department of Commerce
“Idaho’s economy continues to grow and prosper thanks to the combination of a highly-skilled workforce, low taxes, limited government regulation, efficient infrastructure, and the state’s natural beauty.”
— Tom Kealey, Director,
Idaho Department of Commerce
TARGETED GROWTH SECTORS
Food Processing: Idaho boasts 1,892 food processing establishments employing nearly 39,000 people. The projected 10-year growth rate of the industry is 12.7%. Idaho’s abundant natural resources draw new processors every year.
Advanced Manufacturing: 2,609 advanced manufacturers thrive in Idaho, employing 64,623 with a projected 10-year growth rate of 26%. This segment contributes more than $9.7 billion to Idaho’s GDP.
Technology And Innovation: The only U.S. based chip manufacturer, Micron, was established in Idaho as was the laser jet printer division of HP. This segment has doubled in size over the last decade and employs more than 15,000.
TOP PROJECTS
COMPANY | LOCATION | INVESTMENT |
Suntado | Burley | $123 million |
The Stow Company | Nampa | $115 million |
Northwest Fourslide | Lewiston | $5 million |
Black Market Gelato | Boise | $2 million |
Clearwater Analytics | Boise | $500,000 |
FAST FACTS
Population (July 2022 est.): 1,939,033¹
Largest Cities (2020): Boise (235,829); Meridian (119,729); Nampa (101,124); Caldwell (60,482); Idaho Falls (65,657)¹
Real GDP (2022): $84 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
SEMICONDUCTOR INCENTIVE
The Idaho Semiconductors for America Act provides qualifying Idaho semiconductor companies with a sales-and-use tax exemption on the purchase of qualifying construction and building materials. This legislation was passed in the 2022 legislative session and is codified in statute. To be eligible, companies must qualify for the CHIPS and Science Act of 2022.
TOP BUSINESS FACILITIES RANKINGS
#1 Housing Market Growth | 2023 State Rankings |
#2 Fastest Growing Population | 2023 State Rankings |
Top 10 Outdoor Recreation | 2023 State Rankings |
#1 Best Business Climate (Small): Idaho Falls | 2023 Metro Rankings |
#2 Best Business Climate (Small): Logan, UT-ID | 2023 Metro Rankings |
Top 5 Best Business Climate (Large): Boise City | 2023 Metro Rankings |
Top 10 Manufacturing Hubs (Small): Twin Falls | 2023 Metro Rankings |
LATEST NEWS
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New Tech Hubs program will drive regional innovation and job creation by strengthening a region’s capacity to manufacture, commercialize, and deploy technology.
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The new facility furthers the company's investment in the Greater Boise area, along with the distinction of being the first in the world to feature external signage of Pepsi’s new logo.