There's Business in Idaho

There's Business in Idaho

There's Business in Idaho

Beneath the tranquil natural beauty of Idaho lies massive business machinery that allows people in the state to live in relative affluence.

Idaho is commonly known for its tourist attraction. It has been a magnet for weekend warriors looking to find some exciting exercise in the most challenging but scenic places. For some years now, adventure tourism is the fashionable thing to do in Idaho, since the state has taken pains to preserve much of its natural beauty.

But underneath all that natural beauty, it is surprising how Idaho was able to post $43.6 billion gross state product in 2004. For all its natural beauty, Idaho boasts of a much diversified economy. Many of its old industries are agriculture and natural resources-based food processing, lumber, paper products, wood products and mining, and these industries still contribute a significant share in revenues. But Idaho had something of an advantage: the state is home to a military base. A check of the history of high tech in any area shows that many military bases turned out to be the kernel' for an area's entry into the science and technology business.

Among the high tech companies with payroll (Idaho) are Hewlett Packard, which manufactures laser printers in the area, Micron Technology, ON Semiconductor and Sun Microsystems. The high tech sector accounts for something like 25% of the state's revenues.

Business support enterprises will find Idaho a great growth prospect. The state is actively attracting relocations of small high tech companies. Business support will be in such big demand, such as in payroll. Idaho is a state that is really serious about workers' rights.

Idaho is just starting out of a growth spurt that will see the state's future heavy into high tech. And there are still a lot of good prospects for growth especially as technology matures to exploit its potential. Idaho has a great potential in the renewable energy sector. Its terrain is conducive to investments in wind energy, while its geothermal sector stands to benefit from increased investments. It is possible in the foreseeable future that with the entry of high tech industries and the increase of techs on the payroll, Idaho will have a great future in renewable energy technologies.

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