Idaho State (U.S.A.), an important agricultural state, a land of Fortune 500 companies, millionaires, renewable energy and tech
In 2014, Idaho emerged as the second smallest business
friendly state, ranking behind Utah, based on a study drawing upon data from
over 12,000 small business owners.
Idaho is a market of + 1 million consumers with
the 6th fastest growing population in the United States with the population
expected to increase by 31% from 2008 to 2030.
Idaho is an
important agricultural state, producing nearly one-third
of the potatoes grown in the United States. All three varieties of wheat, dark northern spring, hard red, and
soft white are grown in the state. Nez Perce County is considered a premier
soft white growing locale.
Important
industries in Idaho are food processing, lumber and wood products, machinery,
chemical products, paper products, electronics manufacturing, silver and other
mining, and tourism.
The world's
largest factory for barrel cheese, the raw product for
processed cheese is located in Gooding, Idaho.
The Idaho
National Laboratory (INL) is the largest Department of
Energy facility in the country by area. Idaho also is home to three facilities
of Anheuser-Busch which provide a large part of the malt for breweries located
across the nation.
ATK Corporation
operates three ammunition and ammunition components plants in Lewiston.
There are
numerous and growing numbers of award-winning boutique wineries and microbreweries
in the northern part of the state.
Today, the largest industry in Idaho is the science and technology sector.
A number of
Fortune 500 companies started in or trace their
roots to Idaho, including Safeway in American Falls, Albertsons in Boise,
JR Simplot across southern Idaho, and Potlatch Corp. in Lewiston.
The state
personal income tax ranges from 1.6% to 7.8% in
eight income brackets. Idahoans may apply for state tax credits for taxes paid
to other states, as well as for donations to Idaho state educational entities
and some nonprofit youth and rehabilitation facilities.
The state
sales tax is 6% with a very limited, selective local option up to 6.5%. Sales tax
applies to the sale, rental or lease of tangible personal property and some
services.
Idaho has a
state gambling lottery. The energy landscape of Idaho is favorable to the development of
renewable energy systems.
The Snake
River Plain and smaller river basins provide Idaho with
some of the best hydroelectric power resources in the nation and its
geologically active mountain areas have significant geothermal power and wind
power potential.
Most of the
energy consumed in Idaho is imported from other states. Imports
account for more than 80% of total energy consumption, including all of Idaho's
natural gas and petroleum supplies and more than half of its electricity.
The state's
numerous river basins allow hydroelectric power
plants to provide 556,000 MWh, which amounts to about three-fourths of
Idaho's electricity generated in the state. Washington State provides most of
the natural gas used in Idaho through one of the two major pipeline systems
supplying the state.
While
Idaho's 515 trillion BTU total energy consumption is low compared with other states and represents just 0.5% of United
States consumption, the state also has the nation's 11th smallest population,
1.5 million, so its per capita energy consumption of 352 million Btu
is currently just above the national average of 333 million Btu.
Idaho has an
upper-boundary estimate of development potential to
generate 44,320 GWh/year from 18,076 MW of wind power, and
7,467,000 GWh/year from solar power using 2,061,000 MW of
photovoltaics (PV), including 3,224 MW of rooftop photovoltaics, and
1,267,000 MW of concentrated solar power.
The Idaho
Transportation Department is the government agency
responsible for Idaho's transportation infrastructure, including operations and
maintenance as well as planning for future needs.
Idaho is among the few states in the nation without a major freeway linking its
two largest metropolitan areas, Boise in the south and Coeur d'Alene in the
north. U.S. Route 95.
Major
airports include the Boise Airport serving the southwest region
of Idaho, and the Spokane International Airport (located in Spokane,
Washington), which serves northern Idaho.
Idaho is
served by three transcontinental railroads. The
Burlington Northern Santa Fe (BNSF) connects the Idaho Panhandle with Seattle,
Portland, and Spokane to the west, and Minneapolis and Chicago to the east.
The Port of
Lewiston is the farthest inland Pacific port on the west coast. A series of dams and locks on the Snake River and Columbia River
facilitate barge travel from Lewiston to Portland, where goods are loaded on
ocean-going vessels.
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