Moving Your Business into Idaho Has Some Great Incentives For You

Posted by Allen Cofield on Tuesday, October 24th, 2017 at 4:05pm.

Looking for great reasons to check out Idaho for housing and business opportunities when thinking of moving from California or another state into Idaho?

I have researched several reasons for you that might catch your interest and that of your current employees.

A MERIC Report for the 2nd Quarter of 2017 ranked California number 49 for the cost of living compared to Idaho ranked at number 12.  This report also breaks down housing comparisons on the two states for which you can draw your own conclusions on the difference and know that Idaho has real estate that you may want to consider quickly while it is still listed at a great price.  Many Californians have started migrating to Idaho because of the great outdoors, a more affordable home, lower living cost, and for a more conservative life style for which California has lost sight of this direction that so many have come here to enjoy in Idaho.

Where I see missed opportunity is the lack of businesses moving here to address the population growing at a rapid pace.  The expansion and growth we are experiencing here is stressing the labor force in construction and other vendors needed to build homes.  While our roads are maintained, we are due for some of the major thorough ways to be expanded.  So while this influx of people is occurring, businesses can come here to employ great educated people in many different areas of commerce.  In an effort to help educate business owners, take a look at the tax incentives available here in Idaho that may drive some good reasoning to you bringing your business here.  Click Here to research further.  INCENTIVES

The one incentive that sparked my interest as a real estate professional is the possible incentive  that upon request of the business, the local county commissioners may authorize a partial or full property tax exemption for up to 5 years.  I believe California is trying to find more ways to tax you to support their agenda and I couldn't think of a better place and time to bring your business here into Idaho.  If you are curious about the market here in Real Estate, I would love to be your guide.  I have a very nice relocation guide that can be requested at this link.

Just to add to the blog about the area, a report on MSN stated that Boise, Idaho was ranked #8 of the 50 safest cities to live in.

 

 

 

 

Allen Cofield, Associate Broker, GRI 
Boise Premier Real Estate
208.908.1777

My success is marked by the referrals from my clients.

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1 Response to "Moving Your Business into Idaho Has Some Great Incentives For You"

Allen Cofield wrote: I thought this was an interesting article in the Idaho Statesman today 10/26/17 that discusses a large business such as Amazon did not qualify the state of Idaho for their headquarters since we lack the population. In all of Ada and Canyon Counties, we currently have about 650,000 in total population. Take a look...

‘Save us for later in your cart!’ Idaho governor tells Amazon

BY SVEN BERG

The Treasure Valley didn’t meet some of the criteria Amazon wanted to see in candidates for its HQ2 — the online retail giant’s second North American headquarters.

For example, nowhere in Idaho qualifies as a metropolitan area “with more than 1 million people.” The total population of both Canyon and Ada counties is about 650,000.


Also, Amazon’s request for proposals states that the company plans to hire 50,000 new employees over the next 10 to 15 years. That’s more jobs than in all of Downtown Boise, so it’s hard to imagine where in Idaho all those people could find offices.

Nevertheless, Idaho is on Amazon’s list of 238 states or regions that submitted HQ2 responses from the United States, Canada and Mexico.

Idaho might not be ready for HQ2, but Amazon should keep the Gem State in mind because it could benefit from headquartering other projects here, said letters from Gov. Butch Otter and Boise Valley Economic Partnership, an economic development organization that represents the city of Boise as well as Ada, Canyon, Gem and Owyhee counties.

“Idaho is recognized for its favorable business climate, stable tax rates, reasonable regulations, low-cost renewable energy and affordable land,” Otter’s letter reads. “We have a skilled, motivated workforce and state policies that recognize the importance of economic activity to our Idaho way of life. We balance our budget without raising taxes and we know that the best way to help business is to simply get out of the way.”

Clark Krause is executive director of BVEP. He said the Treasure Valley’s agricultural companies, such as the J.R. Simplot Co. in Boise and GoGo Squeez in Nampa, offer food distribution expertise that would benefit Amazon as it expands its grocery business. Krause denied an Idaho Statesman request to review BVEP’s letter. He said the group, which is a division of the Boise Metro Chamber of Commerce, doesn’t release its documents to the public.

Otter’s letter didn’t specifically reference Idaho’s agricultural assets. Instead, it highlighted the governor’s efforts to make the state “the best place in America to successfully start or expand a business.”

“After the dust settles, we hope you have time to review Idaho’s highlights on this site and consider us to be part of your future growth plans,” Otter’s letter reads. “So in other words, save us for later in your cart!”

Posted on Thursday, October 26th, 2017 at 11:51am.

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