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Employment History
in Boise
Boise
is the capital city of Idaho. It's the corporate
center for nationally prominent
businesses--mostly home-grown in Idaho: Boise
Cascade, Micron Technology, Albertson's, J.R.
Simplot Company, and Washington Group
International (the new name for Morrison-Knudsen
Company). The Idaho Candy Company produces the
world famous Spud Bar here, and Hewlett-Packard
produces world-famous printers. read
more
Major
Industries and Commercial Activity
Boise began as
a supply and service center for the mining camps
in the nearby mountains. It continues today as
an important commercial hub for smaller towns
and agricultural establishments in the northern
Rockies. In addition to mining, farming and
timber have played important roles in the
development of the Boise economy.
The present
economy has shifted away from its traditional
sources towards a more diversified base. State
government is one of the city's main employers,
since Boise is the capital of Idaho. Boise ranks
sixth in the nation for the number of corporate
headquarters located in the city (in relation to
its population base); corporate headquarters in
the city include Albertson's, a supermarket
chain; Boise Cascade wood and paper products;
Morrison Knudsen, an engineering and
construction firm; the J.R. Simplot Company with
frozen foods, phosphates, and cattle; Micron
Technology, which manufactures semiconductors;
TJ International, with specialty building
products; and Washington Group International.
Several other major companies are headquartered
or have major facilities in the area. Tourism is
another large source of revenue for the Boise
area. High technology industries are becoming an
increasingly important sector, and the Army
National Guard's Gowen Field also has an
economic impact.
Incentive
Programs?New and Existing Companies
Local
programs
Boise State
University provides various services for the
business community through its Idaho Business
and Economic Development Center, Boise Future
Foundation, Center for Management Development,
Simplot/Micron Instructional Technology Center,
Small Business Development Center, and the
College of Technology.
State
programs
The state of
Idaho encourages business development through
low taxes, reasonable rates, and tax incentives
such as job creation and investment credits and
tax exemptions.
Job
training programs
Several
training schools are located in the Boise area.
Development
Projects
Boise is
working on three major ongoing urban renewal
projects. The oldest project, called the Central
renewal project, is focused on downtown Boise's
core and has resulted in the vibrant downtown
Boise visitors and residents see today. Ongoing
funding of the Central project is planned for
use in additional infrastructure, beautification
and public arts projects. The River/Myrtle
renewal project, also underway, is located south
of downtown Boise. With a focus on attracting
high-tech tenants, this urban renewal project is
developing a technical infrastructure. The
Westside renewal project encompasses 47 acres of
downtown Boise. Renewal plans encompass a
25-year span with completion of all projects in
2025. The Westside project will bring multi-use
development to downtown, including office,
residential, retail, restaurants, entertainment
venues, and hotels.
Economic
Development Information: Boise
Metro Area Economic Development Council (Shirl
Boyce), 250 S. 5th St., Suite 800, Boise, ID
83702; telephone (208)472-5230, sboyce@boisechamber.org
Commercial
Shipping
A Grant
Thornton General Manufacturing Climates
study ranked Idaho the best state in the nation
for transportation because of its infrastructure
and strategic location in the Pacific Northwest.
Rail freight carriers serve the Boise
metropolitan area via the Union Pacific
Railroad. A variety of motor freight lines, air
freight, package express companies, and air
courier services are also part of Boise's
commercial transportation industry.
Labor
Force and Employment
Boise's skilled
work force is educated above the national
average and it remains diverse because of a high
percentage of immigration. Thirty-three percent
of residents have a bachelor's degree or higher;
the Boise metro area was ranked the seventh best
place to do business in the nation by Forbes
magazine in 2004.
The following
is a summary of data regarding the Boise-Nampa
metropolitan area labor force, 2004 annual
averages.
Size of
non-agricultural labor force: 241,600
Number of
workers employed in . . . construction and
mining: 17,100
manufacturing:
29,500
trade,
transportation and utilities: 45,800
financial
services: 12,900
information:
4,200
professional
and business services: 34,700
educational
and health services: 29,700
leisure and
hospitality: 21,500
other
services: 6,900
government:
38,800
Average
hourly earnings of production workers employed
in manufacturing (statewide): $13.72
Unemployment
rate: 4.4% (February 2005)
| Largest
private employers |
Number
of employees |
| Micron
Technology, Inc. |
9,500 |
| St.
Luke's Medical Center |
4,250 |
| Hewlett-Packard
Company |
4,000 |
| Albertson's,
Inc. (retail food chain) |
3,800 |
| J.R.
Simplot |
3,800 |
Cost
of Living
Boise boasts
rates for residential, commercial, and
industrial electricity and natural gas that are
among the lowest in the country.
The following
is a summary of data regarding key cost of
living factors for the Boise area.
2004 (4th
Quarter) ACCRA Average House Price: Not
reported
2004 (4th
Quarter) ACCRA Cost of Living Index: Not
reported (U.S. average = 100.0)
State income
tax rate: Ranges from 2.0% to 8.2%
State sales
tax rate: 5.0%
Local income
tax rate: None
Local sales
tax rate: 5%
Property tax
rate: average 1.7% in 2004; ranges from 1 to
2.7
Idaho Job and
Employment Headlines.
Being truthful, open, helpful can soften the blow
They wonder whether Micron, which last year laid off about 1100 people, can survive as Idahos largest private employer after reporting six consecutive ...
Our View: Being truthful, open, helpful can soften the blow
They wonder whether Micron, which last year laid off about 1100 people, can survive as Idahos largest private employer after reporting six consecutive ...
Department of Labor offering assistance to Round Table pizza employees
By KBCI Web Staff BOISE - Employees who lost their jobs on Thursday in the abrupt closure of seven Round Table Pizza outlets in southwestern Idaho are being ...
Round Table Pizza shuts doors in the Valley; abrupt closure shocks ...
Sandy Junge, owner of Idaho Pizza Co. on Broadway in Boise, said her restaurant is thriving despite the economy. But there is a lot of competition in the ...
Treasure Valley tech wages nearly double the private-sector ...
We need to do everything possible to grow these types of jobs, one industry expert says. The high-tech industry in Southwest Idaho pays wages averaging ...
Local tech wages nearly double the private-sector average, report says
Of those jobs, 14800 were in manufacturing, up 600 from a year earlier. The employment numbers in 2006 preceded layoffs at Micron Technology, Idaho?s ...
Lotterman: Is extending jobless benefits good idea?
By Edward Lotterman - Special to the Idaho Statesman As unemployment continues to rise, the question of extending the maximum term of unemployment benefits ...
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