Main Local Economy Information in Idaho
Idaho’s economy is traditionally based on agriculture, particularly potatoes, but has diversified into sectors such as manufacturing, technology, and tourism. The state is also gaining recognition for its growing science and technology sector.
Your Idaho and Local Small Business Funding Guide
Idaho offers financial support to small businesses through various state-funded grants, loan programs, and tax incentives, especially for businesses involved in technology and agriculture.
Small Businesses in Idaho
Small businesses are vital to Idaho's economy, with the state providing a supportive environment that includes access to funding, business development centers, and a regulatory framework designed to foster small business growth.
Documents Needed to Get a Small Business Loan in Idaho
- Detailed business plan with market analysis
- Recent financial statements and projections
- Business and personal tax returns
- Proof of business registration in Idaho
- Credit report for the business and its owners
Idaho Department of Commerce: Key Functions and Contact Information
Website URL: Idaho Commerce
Phone: [208-334-2470]
Address: 700 West State Street, Boise, ID 83702
Local Resources in Idaho
The Idaho Small Business Development Center (SBDC) provides resources like business advising, professional training, and assistance in navigating financial options to help businesses succeed.
How to be Successful with Business Funding in Idaho
To secure business funding in Idaho, leveraging local and state economic development programs and maintaining strong financial health are key. Engaging with sector-specific incentives can also provide a competitive edge.
SBA Resources in Idaho
The SBA in Idaho assists with loan programs, government contracting, and provides business counseling aimed at supporting new and existing businesses in their growth efforts.