The Idaho Recreation Technology Passport Program is a State and Federal funded program established in 2014 with hopes to expand sales and product awareness for Idaho companies both internationally and domestically while promoting Idaho as an attractive place to do business and for recreational tourism. In the summer of 2015, Idaho Commerce is organizing a…
Posted in Commerce, International
GLOBAL TRADE TWO DAY SEMINAR-EXPORT FUNDAMENTALS AND BEYOND The Idaho Department of Commerce and Idaho State Department of Agriculture are teaming up to bring this informative two day seminar for Idaho companies interested in expanding their international business. Mike Allocca, a consultant with more than 19 years of export experience will be presenting a two…
Posted in International
Idaho employers have always understood that as important as it is to have access to qualified workforce, it is equally important to retain and attract workforce. In the University of Idaho’s “Inland Northwest Aerospace Industry Workforce Development Survey,” aerospace employers ranked “quality of life” and “low cost of living” as the most beneficial tools for…
Posted in Commerce
Idaho has made significant investments into the education that feeds workforce into the aerospace industry. From professional-technical programs at the high school level, to advanced aerospace composites and engineering, Idaho can provide workers to all levels of the aerospace industry. Idaho has focused toward the future, and through the funding of PTECH (Pathways in Technology…
Posted in Commerce
Traditionally, Idaho’s economic strength has been in agriculture, natural resources, and food processing. As the State and Boise metropolitan statistical area continue to grow and diversify, the State’s overall economic strengths have also evolved. Following the technology trend, the state can now boast it has the largest and most high-tech yogurt manufacturing facility in the…
Posted in Commerce
For industry, skilled and available workforce is one of the primary considerations among Critical Location Factors. While this is true for the aerospace industry as well, there are also other labor factors that contribute to a business’s likelihood of locating to an area. In addition to skilled and available workforce, other factors include educational programs,…
Posted in Commerce
Idaho has over 200 existing aerospace companies, and has seen nearly 40 percent growth over the past two decades. The state’s industry list includes only certain industry-specific North American Industrial Classification System (NAICS) codes, and underestimates the impact of the aerospace industry on Idaho. Because NAICS codes are limited to one function of a business,…
Posted in Commerce
Idaho’s Aerospace Solution As the airline industry continues to consolidate, oil prices increase, and consumer expectation for reduced price continues, the margins of the aerospace industry are becoming increasingly thin. This pressure permeates through the supply chain, and is the driver of the critical location factors for aerospace companies looking to start, expand or relocate.…
Posted in Commerce
According to the 2014 Global Market Forecast by Airbus and Boeing’s 2014 Current Market Outlook, in the next 20 years 29,000-36,000 new planes will be needed to replace older, less efficient airplanes and to grow existing fleets. Expansion of emerging-market economies, such as China, will foster a growing need for fast, efficient transport of goods,…
Posted in Commerce
As an emerging industry, aerospace is quickly becoming an important factor in Idaho’s economy. Our vast airspace and technological capabilities make Idaho uniquely positioned to play a significant role in the research, development, and testing of aviation-related products. Companies like Quest, Empire Airlines, and Western Aircraft have realized that the state’s proximity to several large…
Posted in Commerce
