The Gem State is strong in economy, workforce, infrastructure, and quality of life. Add to that the financial incentives for businesses, and you get extraordinary efficiency and profitability. CNBC gives Idaho an “A” for its business-friendly environment, ranking it third overall in this important category.
With the second-lowest property tax and the lowest per-capita tax burden in the US, Idaho is demonstrating that lower taxes can mean a better economy. The state has several business-friendly tax credits, exemptions, reimbursements, and grants designed to help businesses thrive.
Idaho’s energy costs are 21% lower than the US average, making the state the fourth least-expensive place to buy energy. Also below average in Idaho are the crime rate, the cost of commercial real estate, the cost of living, and the unemployment rate. Businesses moving into Idaho will benefit from the state’s success in these crucial areas.
Idaho is a smart place to open a business, and FranNet’s local experts know how to make the most of its many advantages. They’re ready to help you choose the right business for you.