Invest with Confidence

Tax credit of up to 30% for up to 15 years on new state tax revenues generated by companies seeking to expand in or relocate to the state of Idaho by adding new, qualifying jobs.

A wide package of incentives for businesses that invest at least $500,000 in new facilities and creates at least 10 new jobs averaging $40,000 a year with benefits.

The Idaho Workforce Development Council awards grants to reimburse approved training costs to eligible applicants creating jobs in Idaho. 

Property tax exemptions are a discretionary incentive County Commissioners can offer business development projects which offer a significant economic impact to their communities. 

The Jerome Urban Renewal Agency uses revenue allocation (Tax Increment Financing, or TIF) to help fund public infrastructure within designated districts. Eligible costs—such as roads, utilities, and site improvements—are typically reimbursed over time as new property tax value is created.  

Opportunity Zones are a community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities. Private investment vehicles that place 90% or more of their funds into an Opportunity Zone can earn tax relief on the capital gains generated through those investments. Tax benefits increase the longer investments are in place.

The Idaho Opportunity Fund awards capital to communities seeking improvements to public infrastructure with the goal of attracting or retaining businesses. This fund is managed by the Director of Idaho Commerce.

Idaho Power offers a handful of incentives and resources to support businesses conducting new construction, major renovations, retrofits, custom projects, industrial training and more.

Tax exemption on equipment and raw materials used directly in manufacturing, processing, mining, fabrication or logging operations; for clean rooms and semiconductor equipment manufacturing; and for equipment or material used in research activities.  Processing materials, substances, or commodities for use as fuel for the production of energy are also exempt.

The Idaho Semiconductors for America Act provides qualifying Idaho semiconductor companies with a sales and use tax exemption on the purchase of qualifying construction and building materials. To be eligible, companies must qualify for the U.S. CHIPS and Science Act of 2022.

All Businesses are eligible for:

• 3% investment tax credit on all new tangible personal property (machinery and equipment)
• Personal property tax exemption on the first $250,000 of personal property such as equipment and furnishings
• 5% tax credit on qualified research expenses
• Idaho’s electricity companies offer energy conservation rebates through efficient energy use up of $100,000 per year, per site.  

• 3% investment tax credit on all new tangible personal property (machinery and equipment)
• Personal property tax exemption on the first $250,000 of personal property such as equipment and furnishings
• 5% tax credit on qualified research expenses
• Idaho’s electricity companies offer energy conservation rebates through efficient energy use up of $100,000 per year, per site.  

Idaho Commerce offers the Idaho Gem Grant, Community Development Block Grant (CDBG) and the Rural Community Investment Fund (RCIF) for qualifying cities, counties, and tribes to improve public infrastructure that will allow a business to expand and subsequently create new jobs.

A federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment.

Employers are eligible to receive a 20% tax credit for contributions made to an employee’s Ideal college savings account.  The tax credit is capped at $500 per employee per taxable year.