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Incentives for Relocating or Expanding

Tax Reimbursment Incentive (TRI) Flyer_Page_1.jpg

Effective July 1, 2014, The Boise Metro began the start of a new era with the Tax Reimbursement Incentive.

In addition to our great quality of life and low cost of doing business, the State of Idaho, local counties and cities can offer a variety of incentives for qualified companies that are considering relocating or expanding in the Boise Valley.

contact_us_button.jpgThe 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.

For more information about business incentives within the state of Idaho, as well as related tax information, click on the appropriate tab below. (Please note that the information presented below is only an overview, and does not include all qualifications and conditions. For more comprehensive details, contact the Boise Valley Economic Partnership).

Tax Reimbursement Incentive (Available July 1, 2014)

  • New in 2014: Bring new high-wage jobs to Idaho and your company could be eligible to receive up to a 30% refund on sales, payroll & corporate income taxes for up to 15 years.
  • Companies must provide wages above the county average, and create at least 50 new jobs in an urban area, or 20 in a rural area.
  • SkyWest Airlines was the first company in Idaho to take advantage of the new incentive. They recieved a TRI credit of 25% for a term of 12 years in addition to a robust package from the City of Boise in infrastructure build out and financing.  The company will also benefit from the Idaho Department of Labor's Workforce Development Training Fund program.  Click here to read the press release.
  • Contact us to learn more and we can calculate an estimate for you.

Idaho Business Advantage (for qualifying companies)

  • Increases the Investment Tax Credit to 3.75% against the corporate income tax
  • Real Property Improvement Tax Credit of 2.5% against corporate income tax
  • New Jobs Tax credit increases the corporate income tax credit per job depending on wages paid
  • Sales and Use Tax Rebate of 25%
  • Small Employer Growth Incentive

Workforce Development Training Fund

  • Minimum $2,000 per new job created, paid directly to the company

Idaho Opportunity Fund

  • New 2013 legislation established new grant program which allows the Director of Idaho Department of Commerce to direct funds to projects for infrastructure needs within the community. This $3 million fund will be used within this year to help “close” new projects.

3% Investment Tax Credit

  • A credit against Idaho corporate income tax for qualifying new investment in tangible personal property

Idaho Power Industrial Efficiency Incentive

  • Cash incentives for energy efficient designs
HAVE QUESTIONS? ASK US.
Clark Krause
Executive Director
Mobile: 208-863-9675
Phone: 208-472-5230
ckrause@bvep.org
Jana Jones
Director, Economic Development Services
Mobile: 208-921-4686
Phone: 208-472-5246
jjones@bvep.org
Lisa Bloomquist
Marketing & Content Manager
Mobile: 208-340-6990
Phone: 208-472-5229
lbloomquist@bvep.org
250 S. 5th St.
Suite 300
Boise, Idaho 83702
© 2014 Boise Valley Economic Partnership