Grants & Incentives & Taxes
In addition to our great quality of life and low cost of doing business, the State of Idaho, local counties and cities within the Boise Metro can offer a variety of incentives and tax credits for qualified companies that are considering relocating or expanding in the Boise Valley. The Boise Valley Economic Partnership stands ready to help your business. We can create a custom package of information for your company with a personalized incentive review. Let us make it easy for you. Call Clark Krause today at (208) 863-9675 or email ckrause@bvep.org.
Incentives
Tax Reimbursement Incentive (TRI)
Companies creating new, high-wage jobs in Idaho can receive up to a 30% reimbursement on sales, payroll and corporate income taxes for up to 15 years. Companies must pay wages above the county average and create at least 50 new jobs in an urban area or 20 new jobs in a rural area.
Idaho Business Advantage
The Idaho Business Advantage incentive package offers an array of tax credits, sales-tax rebates, and property tax exemptions. To be eligible, businesses must invest $500,000 or more in new facilities and create 10 or more new jobs with salaries averaging $40,000 a year with benefits.
Workforce Development Training Fund
We value collective growth. Companies that invest in training a talented team in Idaho are eligible to receive funds to develop their employees.
Idaho Opportunity Fund
The Idaho Opportunity Fund awards capital to communities seeking improvements to public infrastructure with the goal of attracting or retaining businesses. This fund is managed by the Director of Idaho Commerce.
3% Investment Tax Credit
Another tool to get the job done. Companies that invest in depreciate, tangible, personal property used in Idaho can earn a 3% income tax credit to offset up to 50% of tax liability and can carry the credit forward up to 14 years.
Idaho Power New Construction and Major Renovations Program
Idaho Power offers a handful of incentives and resources to support businesses conducting new construction, major renovations, retrofits, custom projects, industrial training and more. See how your business can save energy and money.
Idaho Semiconductors For America Act
The bill exempts construction and building materials used to construct, expand or modernize a semiconductor facility in Idaho from the sales tax, for qualifying projects that submit requests in advance and sign agreements with the Idaho Department of Commerce.
Data Center Sales Tax Exemption
New data centers choosing to locate in Idaho will be eligible for sales tax exemption on server equipment as well as construction materials used in the construction of the data center facility.
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