This fiscal year, Exyte, a global leader in the design, engineering and delivery of ultra-clean and sustainable facilities for high-tech industries like semiconductors, data centers, biotech and pharmaceuticals, announced it will open a new engineering office in Boise.
Exyte has established new roots with a corporate office in Boise. This office will serve as an engineering and design hub, focused on semiconductor projects across the U.S. Exyte already employs around 280 people in Boise and expects to increase jobs in the Treasure Valley area by over 550 as a result of these projects.
According to Jared Guidry, U.S. Director of Finance at Exyte, Idaho’s strong support of the semiconductor industry was a key reason for their decision to open in Idaho.
“Idaho is a leading state in the development of semiconductor manufacturing, and Exyte was attracted to the pro-business environment and technological innovation taking place in the state,” Guidry said. “The decision to locate our Exyte regional office to Boise was an attractive choice because Exyte has many long-standing customers and suppliers located in the Treasure Valley. Our 2021 acquisition, Diversified Fluid Solutions, was already headquartered in Boise and the Idaho Tax Reimbursement Incentive further supported the decision.”
Exyte was approved for a TRI award this fiscal year.
The Idaho Tax Reimbursement Incentive (TRI) took effect July 1, 2014, as a tool to encourage businesses to grow or expand in Idaho with jobs paying above the average county wage. This post-performance incentive offers a maximum refundable tax credit of up to 30% of a company’s income, payroll and sales taxes for up to 15 years.
“The entire process of working with Idaho Commerce was a collaborative and mutually beneficial undertaking,” Guidry said. “Idaho Commerce worked with us every step of the way in developing an incentive package that made our entrance into the state a smooth and supported move.”
Learn more about the Idaho Tax Reimbursement Program (TRI) here.