Incentives

Key Findings

• Detailed explanation of the Tax Reimbursement Incentive (TRI) program
• Presentation of various tax credits and exemptions
• Discussion of workforce development funds

Analysis

Small Business Perspective

The Incentives section shows no consideration for small businesses under 20 employees. There are no incentives or programs specifically designed to support small business growth or address their unique challenges. The thresholds and requirements for the presented incentives, particularly the TRI program, are set at levels that effectively exclude small businesses from accessing these benefits. An equitable approach would have included incentives tailored to the needs and capabilities of small businesses, such as micro-loans, simplified tax structures, or targeted grants for small business expansion.

Big Business Perspective

The incentives outlined provide significant financial motivation for large businesses to expand or relocate to Idaho. The TRI program, in particular, offers substantial tax savings for companies creating a large number of high-wage jobs. The workforce development funds and other tax credits are also structured in a way that primarily benefits larger employers. This array of incentives positions Idaho as highly competitive in attracting and retaining big businesses, offering them substantial financial advantages for investing in the state.