With low operating costs and a variety of tax incentives, the Gem State helps franchises thrive.
Best known for their potato crop, which produces approximately one-third of the nationwide yield, Idaho is also well-known for being one of the best states to start a business in.
Not only does the Gem state have the third-cheapest cost of living in the U.S., but operating costs for businesses and franchises are low, and companies can benefit from a variety of tax incentives. Some of these incentives include property tax exemptions and workforce training grants. Idaho also helps business owners get what they need for their business to succeed, with programs and professional guidance available to direct entrepreneurs on how to get funding and financing to start and grow their ventures, how to use the tax incentives to their greatest benefit and more. Idaho also has the sixth-best opportunity share of new entrepreneurs in the U.S.