Programs And Incentives

Businesses looking toward Southeastern Idaho for expansion or relocation will find a number of incentives to lower business costs and help increase profitability. With the success of establishing a new business often hinging on advantageous financing and other applicable credits, Southeastern Idaho offers tremendous opportunities. Bannock Development Corporation offers personalized and professional services to help you take advantage of these opportunities. Our knowledge, contacts, and policy of approaching each project individually will help you discover the many advantages of doing business in the greater Pocatello area.

Learn more about the following programs and incentives:

Financing
  • Up to $10 million in Industrial Revenue Bonding capacity is available in Idaho for financing of manufacturing, processing, production, and assembly projects. Bonds are issued by a public corporation with a project or business serving as collateral.

  • All SBA loan packages are available.
Public Improvement
  • Up to $500,000 in Community Block Grants is available through local cities and counties to finance public infrastructure improvements (such as water and sewer) and support business development.

  • $500 New Jobs Credit for businesses that produce, assemble, fabricate, manufacture or process natural resource products.
Tax Benefits
  • 3% Investment Tax Credit is available for qualifying new investments in Idaho. The credit can offset up to 50% of state income tax liability and may be carried forward up to 14 years.

  • 5% Research and Development Credit is available for basic research and costs of qualified research that is performed in Idaho. This tax credit is transferable.
Workforce Credits
  • Up to $4,000 Training Reimbursement for Each New Employee is available for qualifying jobs through Idaho's Workforce Development Training Fund Program. Click here to download an informative document with details about this valuable program.
For More Information

Please contact Bannock Development Corporation for more information on the programs and incentives listed above. You may also contact the following state, federal, and local offices:

    State Workforce Development Fund 
    317 Main St. 
    Boise, Idaho 83735 
    Phone: (208) 334-6298 

    Community Development Block Grant Program 
    Idaho Department of Commerce 
    700 West State St. 
    Boise, Idaho 83720 
    Phone: (208) 334-2470 

    USDA Rural Development 
    725 Jensen Grove Dr., Ste. 1 
    Blackfoot, Idaho 83221 
    Phone: (208) 785-5840 

    USDA Intermediary Re-lending Program 
    1651 Alvin Ricken Dr. 
    Pocatello, Idaho 83201 
    Phone: (208) 232-4921 

    Southeast Idaho Council of Governments 
    214 E. Center 
    Pocatello, Idaho 83201 
    Phone: (208) 233-4032 

    Industrial Development Corporation of Bannock County (IRBs) 
    1651 Alvin Ricken Dr. 
    Pocatello, Idaho 83201 
    Phone: (208) 233-3500 

    Pocatello Development Authority (TIFs) 
    1651 Alvin Ricken Dr. 
    Pocatello, Idaho 83201 
    Phone: (208) 233-3500 

    Eastern Idaho Development Corporation (SBA) 
    1651 Alvin Ricken Dr. 
    Pocatello, Idaho 83201 
    Phone: (208) 232-4921 

    Pocatello Revolving Loan Fund 
    1651 Alvin Ricken Dr. 
    Pocatello, Idaho 83201 
    Phone: (208) 232-4921