As many states struggle with rising unemployment, increasing debts and deteriorating economies, Idaho's situation seems much more positive in comparison.
Although not immune to the economic woes of the nation, it is written in to Idaho's state laws they must balance their budget. As such, with over $400 million in federal funding pouring in to the state right now, it is not unthinkable for Idaho to be considering positive growth as opposed to mere recovery.
Governor Otter has recently announced that Idaho still boasts an AAA credit rating, something that will stand to then state when the time comes to take advantage of a recovering economy. This kind of fiscal responsibilities attracts companies to the area and reassures citizens that tax money is being spent responsibly.
New manufacturing facilities in Idaho Falls and Blackfoot continue to create new jobs for the state and other companies are expanding and offering opportunities for those seeking employment. For example Qwest Communications are offering up to 100 new positions at their call center in Idaho Falls, and Cargill , a company involved in producing and marketing foods and agricultural products worldwide, are expanding to a 72,000 square foot facility - surely a positive sign of growth!
Not only that, but similar to neighboring Montana, Idaho looks set to play an important role in green energy production. Two years ago there were already 4,500 people working in green energy fields such as wind, solar, biofuel, and energy efficiency. This figure only continues to grow and is sure to place Idaho in a strong position as these technologies advance and demand increases.
With recent announcements that up to $427 million will be devoted to Idaho National Laboratory, that money will have knock on effects throughout the econmy and positive impacts on many industries.
For more information visit Area Development Online: Idaho's Fiscal Future
