Here are some of the growth and expansion incentives that can assist with your business objectives:

Meridian Financial Incentives and Tax Credits

• Idaho Prime Rate Loan Program : Offers low interest loans for any purpose to qualifying small businesses. Loans are offered by commercial banks and have up to 85% Small Business Administration guaranty.

• 100% Property Tax Exemption : Applies to business inventory and registered motor vehicles, vessels, and aircraft.

• Up to $2000 New Employee Training Reimbursement : Available for each job created by companies qualifying for Idaho's Workforce Development Training Fund program. Up to $3000 REIMBURSEMENT per new job created in select rural counties.

• $1000 New Jobs Income Tax Credit : Available for any business that adds new employees whose annual earnings average $15.50 per hour or more and who are eligible to receive employer provided coverage under an accident or health plan. The Idaho Corporate and Idaho Business advantage packages also offer tax credits for companies making minimum investments in new headquarters or administrative buildings and providing new jobs at certain pay levels.

• $500 New Jobs Income Tax Credit : Available for businesses that produce, assemble, fabricate, manufacture, or process natural resource products. May not be combined with $1000 new jobs tax credit.

Meridian Workforce Training - Stimulating Greater Profits

If your company is considering locating or expanding in Idaho, the Workforce Development Training Fund (WDTF) can help. Through the WDTF, your company may be able to receive funds to train employees or upgrade the skills of current workers who are at risk of being permanently laid off. Low costs in all business categories including workforce training make it possible for companies to thrive in a tough global economy.

Workforce Incentives

Meridian finds and trains workers, which stimulates greater profits.

Education.

Workforce.

Development.

Workforce Development 

http://www.idahoworks.com/C2_Workforce.html

Workforce Development Training Fund - two primary objectives

• It provides funding to companies to help them train new employees so that the companies can take full advantage of specific economic opportunities and industrial expansion initiatives in the marketplace.

• It allows or skills upgrade training of current workers who are at risk of being permanently laid off. Both of these objectives will help Meridian attract and retain desired companies and make Meridian an ever better place to work, live, and do business.

http://www.idahoworks.com/pdfs/wdtf.pdf

Workforce Placement

• Customized Recruiting Services: Get one-on-one professional guidance in managing the recruitment process. Experienced consultants can visit your work site to identify your needs and then effectively match employee prospects to the skills, training, and experience required to fill your jobs.

http://www.idahoworks.org/        

Small Business Development Centers (SBDC)

• The SBDC's deliver up-to-date counseling, training, and technical assistance in all aspects of small business management, with a primary goal of helping small business owners and potential business owners make sound decisions for the successful operation of their business.

http://www.idahosbdc.org/