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
Governor C.L. “Butch” Otter launched Accelerate Idaho – his vision for growing the state’s economy and increasing the earning potential for every Idahoan – on May 1, 2014. Idaho is committed to being a national and global leader for economic growth and prosperity. This means that, more than ever, we’re harnessing Idaho’s resources and talent to…
Posted in Commerce
Idaho has, for the third year, been awarded with the State Trade and Export Promotion (STEP) grant! The STEP program is meant to increase the number of U.S. small businesses that export and to increase the value of exports by small businesses. Idaho is one of ONLY 24 states chosen as a grant recipient with…
Posted in Commerce, International
OPINION: Let’s Keep Our Eyes on the Prize Jeffery Sayer, Director Idaho Department of Commerce Idaho’s economy was robust when Governor Otter took office in 2007. We enjoyed strong growth rates, competitive employment levels, and our industry sectors were thriving. Idaho’s total economy was estimated at $51.5 billion, a number later revised by the federal…
Posted in Commerce
The Sun Valley company also opened a Ketchum showroom in February 2014 Boise, Idaho—Monday, April 28, 2014— For the third year in a row, the architectural and design community has recognized Hailey-based Rocky Mountain Hardware in Interior Design magazine’s award program, honoring Barn Door Track as “Best of Year” in the Hardware category. “We are…
Posted in Commerce
https://bikeleague.org/content/apply-women-bike-funding One of the primary goals of the Women Bike program is to seed, support and spread the best campaigns and ideas that are getting more women on bikes. Our mini-grants aim to provide best practices on women’s bicycling outreach and engagement to advocates and leaders nationwide, by sharing effective strategies, programs and materials to…
Posted in Show Me the Money
