CONTACT US: For more information or assistance on relocating or expanding your business, please contact, Economic Development staff or call (208)773-8708 or toll Free (888)925-9961
Idaho has some of the lowest overall costs of doing business in the country.
Visit the Idaho Dept. of Commerce and learn more about incentives in Idaho. Idaho offers hiring incentives and tax credits. See what state and federal programs are available to help train your employees while you earn tax credits for your business.
This helpful website from the State of Idaho has great information for businesses – Business Resources for the State of Idaho. Check out Tested in Idaho for interesting news about Idaho recreation technology companies.
Compare costs of doing business in Idaho with other surrounding states. Download the Idaho Business Incentives Brochure and the North Idaho Incentives for Business Brochure to learn more about why doing business in North Idaho would work for you.
Business Incentives – All businesses are eligible for:
- 3% investment tax credit on all new tangible personal property (machinery and equipment) with a carryover of 14 years, or a two-year exemption from all taxes on personal property on the qualified investment (can offset up to 50% of income tax liability)
- Personal property tax exemption on the first $100,000 of personal property, such as equipment and furnishings
- 5% tax credit on qualified research expenses
- Energy conservation rebates through efficient energy use up to $100,000 per year per site
Opportunity Zones – New incentive for investing in designated low-income cities, counties, and tribes in Idaho. Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act to encourage long-term investments in low-income urban and rural communities. Private investment vehicles that place 90 percent or more of their funds into an Opportunity Zone can earn tax relief on the capital gains generated through those investments. Tax benefits increase the longer investments are in place.
Navigating the Opportunity Zones
Opportunity Zone Map