Idaho: A Healthy and Diversified Economy
- Idaho's personal income increased
nearly 16 percent between 2003 and 2005, ranking third nationally.
(U.S. Bureau of Economic Analysis, 4/2006)
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Idaho exports increased 55 percent in value between 2003 and
2005, ranking seventh nationally in percentage growth.
Idaho’s top exports include high-tech, food and agriculture
and wood and building materials. (U.S.
Census Bureau)
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Idaho exports set a record for the first half of 2006 of
nearly $1.8 billion.
China, including
Hong Kong, and
Canada are
Idaho’s largest markets for international trade. (U.S.
Census Bureau)
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Idaho’s gross state product grew at over 18 percent when
adjusted for inflation between 2003 and 2005 to rank first in the
nation. Inflation-adjusted growth ranked first in 2004 and fourth in
2005. (U.S. Bureau of Economic Analysis, 6/2006)
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Idaho’s growth rate in non-farm payroll jobs ranked fourth
nationally between 2002 and 2005 and from 2004 to 2005. (U.S. Bureau
of Labor Statistics)
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Idaho’s non-farm payroll jobs increased by a greater
percentage than any other state between second quarter 2005 and
second quarter 2006. The rate was just over 5.1 percent. (U.S Bureau
of Labor Statistics, 7/2006)
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Idaho is number one in the nation in the production of
potatoes, trout and winter peas. The state ranks in the top 10 in 22
other products. (U.S. Department of Agriculture)
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Idaho ranks first nationally in manufacturing investment.
(Corporation for Enterprise Development, 2006 Development Report
Card for the States)
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Idaho ranked first nationally in the percentage growth of in
new companies. (Corporation for Enterprise Development, 2006)
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Idaho ranked seventh nationally with a 25 percent increase in
the value added by manufacturing in the latest Annual Survey of
Manufactures. (U.S.
Census Bureau)
Idaho: A Great Place to Do Business
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Idaho has the 13th lowest overall cost of doing business in
U.S., third lowest in West. (Moody’s/Economy.com, 5/2006)
- Forbes placed
Idaho sixth best on its list of Best States for Business.
(8/18/2006 press release)
- Idaho's overall tax burden per
capita is the second lowest in the West. (U.S.
Census Bureau)
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Idaho has the lowest state and local government per capita
debt in the nation. (U.S.
Census Bureau)
- Between 1997 and 2004,
Idaho ranked fourth in growth of women-owned businesses,
first for employment growth in those businesses and third in sales
by women-owned businesses. (Center for Women’s Business Research)
- According to the Pacific Research
Institute,
Idaho ranked fourth nationally for business economic freedom
in 2004.
- The Kauffmann Index ranks
Idaho fifth highest in the nation for residents who start
their own business.
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Idaho is third in the nation in population growth from 2004
to 2005 and sixth since 2000. (U.S.
Census Bureau)
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Idaho ranks third lowest nationally in energy costs.
(Corporation for Enterprise Development, 2006)
Idaho's Emerging Science & Technology Economy:
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Idaho is number one in the nation for patents issued per
capita. Idaho companies such as Micron,
Hewlett-Packard and the Idaho National Laboratory account for
a large percentage of the patents issued (U.S. Patent Trademark
Office, 2004)
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Idaho ranks sixth nationally in semiconductor employment with
11,000 jobs. (AeA Cyberstates 2006, 4/2006)
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Idaho ranks eighth in the nation in computer and peripheral
equipment manufacturing jobs. (AeA, 4/2006)
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Idaho is 17th nationally in per capita research and
development spending. (AeA, 4/2006)
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Idaho ranks third in percentage of exports coming from
high-tech firms at 69 percent in 2005. (AeA 4/2006)
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Micron Technology and AMI Semiconductors are two of Idaho's
largest semiconductor manufacturers. Micron is one of the largest
manufacturers of DRAM semiconductor chips in the world.
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Idaho ranks seventh in the nation in the concentration of
high-tech workers. (AeA, 4/2006)
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Idaho ranks second to
California in the differential between high-tech wages and
private-sector wages at twice the average. (AeA, 4/2006)
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Idaho ranked sixth nationally in the rate of increase in
high-tech employment growth. (AeA, 4/2006)
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Idaho ranked seventh nationally in the percentage increase in
venture capital investments. (AeA, 4/2006)
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Idaho is number three on Business Facilities magazine’s list
of Top 10 High-Tech Rapid Growth States, 2000-2010. (Business
Facilities, 8/2003)
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Idaho ranked sixth nationally in percentage of households
with computers. (Corporation for Enterprise Development, 2006)
Idaho's Quality of Life:
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Idaho has the lowest serious crime rate of the 13 western
states. (Federal
Bureau of Investigation - 2005)
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Idaho ranks sixth nationally in overall quality of life.
(Corporation for Enterprise Development, 2006)
- Modern Maturity magazine lists Coeur d’Alene fifth and
Boise 10th in its list of the most “Green and Clean” cities
in America (Modern Maturity, 6/2000)
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Idaho’s low prevalence of smoking, low incidence of
infectious disease and low violent crime rate rank it the nation’s
16th healthiest state. (America’s Health: State Health Rankings,
2005)
-
BabyFit.com
rates
Boise the sixth healthiest city in the country for pregnancy.
(BabyFit.com)
- The Boise-Nampa Metropolitan Area was named the most secure
place to live in 2006 among metros over 500,000 population. All of
Idaho’s other metro areas – Coeur d’Alene, Idaho Falls,
Lewiston and Pocatello – ranked in the top 20 of areas under
150,000. (Farmers Insurance Group, 12/2006)
What They're Saying About Idaho:
- ipIQ, Intellectual Property
Intelligence Quotient, an independent technology analysis firm,
recently ranked
Micron Technology number one in the semiconductor industry in
its 2006 Patent Scorecard. (ipIQ, 7/2006)
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Boise: Eighth in Money’s Best Places to Live. (Money, 8/2006)
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Boise: Eighth on the
Wall Street Journal’s “Top 20 Most Inventive Towns.” (Wall
Street Journal, 7/2006)
- Why I Went to
Boise: Getting Out of Town on a Saturday Night. (National
Geographic Traveler, 2006)
- Inc. magazine’s 2006 list of top
10 Boomtowns “Best Cities for Doing Business” ranked Coeur d’Alene
fifth and
Idaho Falls 10th.
Boise ranked second in 2005. (Inc., May, 2006)
- Boise Metro: Best for business and
careers in 2005 and fourth best in 2006.
Boise has claimed a spot in the top 10 for seven of the last
eight years. (Forbes Magazine)
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Idaho Falls: #10 on
USA Today’s Top 10 “Emerging Cities List.” (USA
Today, 2004)
- Coeur d’Alene: #5 on
USA Today’s Top 10 “Emerging Cities List.” (USA
Today, 2004)
- Boise Metro: #1 in Innovation and
#30 overall in the Creativity Index. (CreativeClass.org,
2003)
- “Tamarack Ski Resort: One of
America’s Hottest Destinations in 2004” – (Washington
Post, 2004)
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Boise is the fourth best walking city in the U.S. (Prevention
Magazine)
- “Teton
Ridge Ranch: Top Ten Great Escape Travel List.” (Chicago
Tribune, 2004)
-
Sun Valley: Skiing North America's Top Ten Travel List.” (Chicago
Tribune, 2004)
-
Sun Valley, Idaho: The most romantic ski / snowboard resort
in the West (skisnowboard.com,
2004)
- 10 Great places to see Lewis and
Clark sites: Lemhi Pass and Lolo Pass and Lochsa River (USA
Today, 2004)
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