Idaho has a variety of information and programs available to help companies access the latest research and technology, implement work force training and development, improve operations and expand sales and marketing.
The Idaho Procurement Technical Assistance Center (PTAC) exists to help Idaho businesses compete for government contracts on goods and services. Because most federal purchases under $150,000 are designated for small businesses, there are opportunities for Idaho companies to access this vast market. The Idaho PTAC has been successful in helping Idaho businesses secure over $500,000,000 in awards.
Federal grants are a powerful way to help your business gain a competitive advantage. $100 billion is spent each year by eleven federal agencies for research and development. If your company has innovative ideas, you may be eligible to receive grant funding. These funds do not need to be paid back and your company retains full intellectual property rights and ownership of your research. Idaho companies have received million of dollars in federal grants, including small businesses such as American Semiconductor, North Wind, Inc., and Control Vision.
Idaho’s Workforce Development Training Program exists to help businesses expanding or relocating to Idaho. If your business produces products or services primarily sold outside the region where your business is located, you may be eligible to receive training funds for full-time employees. These funds are designated to provide new employees with necessary skills or to upgrade the skills of current employees who are in danger of being laid off.
The program was created by the Idaho Legislature to assist businesses and industries as well as qualified short line or intermodal freight shippers to upgrade, expand, rehabilitate, purchase or modernize equipment and facilities for Idaho’s freight shipping infrastructure. The program is open to all Idaho industries. Although managed by the Idaho State Department of Agriculture, it is not limited to the agriculture sector.
Idaho Small Business Solutions
This web resource will help you start or grow your business by providing a checklist of local, state, and federal taxes and regulations that affect your business. You will also find information on licenses and permits that your business might need, as well as information on registering your business in Idaho. In addition, this site provides information about obtaining funding and other business development resources to help your company grow.
Visit the Idaho Small Business Solutions web site to find everything you need to open and run a successful business.