“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
Industries such as food processing, advanced manufacturing, and technology and innovation continue to boost Idaho’s economy. (Photo: Courtesy Visit Idaho)
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.
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Confuse The Machine used advanced artificial intelligence (AI) analytics to determine which U.S. states are best equipped to withstand a hypothetical AI tech uprising. The findings might surprise you.
