Area Development posted their 2015 Leading Locations list this week. For the Boise Metro region, Boise was ranked tenth overall for the "recession busting" and year-over-year growth metros. Below is an excerpt on what they had to say about the region:
"Another year-over-year leader is the Boise City-Nampa MSA in Idaho, which ranked tenth overall among the Leading Locations in this category. Its diversified economy includes food processing, agriculture, traditional and advanced manufacturing, software, and sustainable energy. A young (average age 33) and highly educated workforce of 330,000 is within a 45-minute draw of the area. The Boise Valley Economic Partnership markets the MSA aggressively, especially its highly skilled workforce and low business costs. A new state incentive — the tax reimbursement incentive — is generating a lot of relocation interest. This credit is issued to a company on an annual basis, providing its performance milestones have been met. This incentive is one reason why Gayle Manufacturing Company, a provider of structural steel, is relocating its headquarters from California to Caldwell (part of this MSA) and building a new steel fabrication manufacturing facility. “Gayle Manufacturing’s relocation is a prime example of the opportunities and interest Idaho is seeing as a direct result of the tax reimbursement incentive,” indicates Clark Krause, executive director of the Boise Valley Economic Partnership. “In the Boise Valley alone, we have seen a 150 percent increase in companies interested in relocating to our area or expanding existing locations here.”
Read the Full Article by clicking here.