The time is now.
There’s no better time to launch or expand your business in Idaho. Thanks to a combination of low taxes, a balanced state budget and a commonsense regulatory environment, our economy is one of the strongest in the nation.
Don’t just take our word for it; these key indicators speak for themselves.
Balanced State Budget
In Idaho, we know the importance of living within our taxpayers’ means. Our constitution requires us to maintain a balanced budget, and we have done so even during the recession. The best part? We did it without raising taxes. We tightened our belt just like our businesses had to and, as a result, we’re stronger than ever before.
Maybe that’s why Idaho is consistently in the top for states employment growth, has maintained strong GDP growth and has lowest ratio of debt service as a share of revenue.
Because Idaho is fiscally responsible when times are hard, we can reward taxpayers when things are looking up. In 2012, we cut taxes. In 2013, we exempted more than 90% of Idaho businesses from paying personal property tax. Our companies can bank on the stability of our tax system because it doesn’t unduly burden any one sector. Learn more about Idaho’s tax climate.
Idaho stands beside business rather than standing in the way. We protect companies from getting bogged down by needless restrictions and requirements in favor a culture that allows you to focus your efforts on growth. To find out how Idaho’s Regulatory Environment would affect your business, try our Business Wizard.