Mini-Cassia Offers Some of the Lowest Costs of Doing Business in the Country
We know how overwhelming it can be to find the right place to grow or expand your business. Mini-Cassia has a large network of communities and partners ready to help your move make perfect financial sense.
- IDAHO TAX REIMBURSEMENT. 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.
- IDAHO BUSINESS ADVANTAGE. 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.
- 3% INVESTMENT TAX CREDIT. Investment tax credit on all new depreciable, tangible, personal property (machinery/equipment) used in Idaho.
- GRANTS. A new or existing Idaho company can apply for grants to cover expanding your customer base, improving access to community infrastructure and more.
- LOW TAXES. Benefit from Idaho’s stable and lower tax burden.
- WORKFORCE DEVELOPMENT. Train new employees and be reimbursed up to $3,000 per employee.
- OPPORTUNITY ZONES. 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.
Idaho is the Least Regulated and Fastest Growing State
In 2019, Idaho became the least regulated state in the country, and in 2021 became the fastest-growing state by percentage.
“Here in Idaho, we are demonstrating that if you roll up your sleeves, stay focused on your goal, and work effectively with others, you can get things done. When we reduce regulatory friction, good jobs follow.”
- Idaho Governor, Brad Little
Unique Utility Rates in Mini-Cassia
All cities in Mini-Cassia own their own power so each city is able to offer unique incentives to businesses locating to their area. Contact the city you're interested to find out more about the incentives they offer.
State Incentives
Incentives
State Incentives
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.
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.
The credit equals 39% of the investment paid out over seven years; businesses can realize 10% to 15% back on their capital investment. The credit can also be realized at the current proposed site if it is qualified as a low-income employer. In order to qualify for this incentive, the capital expenditure of a new project must typically be at least $4 million.
Investment tax credit on all new depreciable, tangible, personal property (machinery/equipment) used in Idaho.
Benefit from Idaho’s stable and lower tax burden.
Local Incentives
Train new employees and be reimbursed up to $3,000 per employee.
Permit Fees and Impact Fees may be eligible to be reduced or completely exempted.
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.
Through Tax Increment Financing, your project could qualify for all necessary utility infrastructure improvements, project site preparation, as well as offsetting the cost to purchase the property.
Every city in Mini-Cassia owns their own utilities companies and as such, offer unique utility incentives to incoming businesses. Contact the city you're looking at to see what unique incentives they are offering in terms of utility costs.
Businesses considering new, non-retail facilities may receive a partial or full property tax exemption for up to 5 years from local county commissioners. Required investments for property tax exemption range from $500,000 to $3 million depending on the county.
Idaho Economic Overview
#1
Least regulated state
#1
Fastest growing state in the Country (U.S. Census Bureau)
#1
State for economic momentum (State Policy Reports)
#3
Idaho ranks #3 in the nation for cost of living.
Be a Part of Our Story
Be a Part of Our Story
Mini-Cassia Economic Development Organization
Let's Talk!
📞 Phone:
208-732-6459
🏢 Email Us
janr@southernidaho.org
Copyright ©2023 Redfish Design Studio. All Rights Reserved.
Designed by Redfish Design Studio
📞 Phone:
208-732-6459
🏢 Email Us
janr@southernidaho.org
Copyright ©2023 Redfish Design Studio. All Rights Reserved.
Designed by Redfish Design Studio