Idaho

Sectors it is courting

• Food and Beverage
• Agribusiness
• Information and Communication Technology
• Advanced Manufacturing

In its own words: Transportation & Logistics — typed in free text, so not filterable above.

Investment it is seeking from

• Mexico
• Taiwan
• Japan
• Canada

Supply-chain projects it is looking for

Medical Devices, Semiconductor Manufacturing and Advanced Packaging

Site-selection services it offers

Full service, end to end assistance for land search, incentive and workforce analysis, local government partnership and demographics.

Incentive programmes

• Grant

  Idaho Opportunity Fund: Grant awarded to community to use for construction and related costs for public infrastructure associated with the plant expansion. Payment of the funds will be made directly to the applying community upon presentation of a suitable project invoice.

• Tax Credit

  Business Advantage: Businesses that invest a minimum $500,000 and create 10 new jobs paying $40,000 annually plus benefits may qualify for a variety of enhanced incentive tax credits.

• Tax Exemption

  Production Sales Tax Exemption: Businesses purchasing equipment and raw materials used directly in processing/manufacturing may earn a sales tax exemption. Property Tax Exemption: Businesses are allowed an exemption on the first $250,000 of “personal property,” such as equipment and furnishings. Property Tax Exemption. Businesses that invest a minimum $500,000 in new non-retail facilities may receive full or partial tax exemption on new plant/building/personal property. Property tax exemption on motor vehicles. Sales tax exemption on utilities and industrial fuels.

• Tax Refund or Rebate

  Tax Reimbursement Incentive: Businesses that create a minimum number of full time jobs are eligible to receive a refund of up to 30% of their income, sales, and payroll taxes for up to 15 years. Minimum job creation is defined as 20 in rural communities and 50 in urban communities, and the jobs shall have an average annual wage equal to or above the county average annual wage.

Investor account, as submitted

“Idaho is looking to benefit from this technologically advanced collaborative effort. They have partnered with us throughout the process and have proven to be a valuable partner in establishing our second U.S. location,” said Jonas Swarttouw, NewCold business development manager for U.S. operations. “We are excited to offer a competitive edge to existing and new Idaho food processors, and provide jobs in robotic software, systems operations, and automation in Burley.”

Submitted by the economic development organisation, not independently verified.

Regional partner organisations

• BVEP- bineck@bvep.orgSEIDO- janr@southernidaho.org

Who to contact

• Jason BarnesManager of Business AttractionJason.barnes@commerce.idaho.gov(208) 287-0779
• Adam BohrerBusiness Attraction Specialistadam.bohrer@commerce.idaho.gov2082209033

700 W. State Street, P.O. Box 83720, Boise, ID 83702-0093