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Businesses Find Opportunity in Idaho

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Businesses Find Opportunity in Idaho

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October 11, 2011

(NewsUSA) – Imagine a place where a balanced budget is required by law, a place where terms like ‘fiscal responsibility’ still mean something. Doesn’t that sound like a business utopia? It’s just Idaho.If you’re suddenly thinking of mountains and potatoes, you only have part of the story. Start thinking low property cost, stable tax environment and affordable cost of living. That’s the real Idaho, a smart business choice — an ideal location to expand, start or move your business."The people are what tipped the scales for us. The people living here in the Idaho community will provide us a great pool for our workforce," said Mark Pitchford, vice president of direct sales and service of Allstate. "We’ve got great support from the local community, the chambers and the mayors. It’s incredible to be able to bring together that kind of effort. We’re thrilled."Allstate recently chose Idaho to open a 75,000-square-foot customer care center employing 600 people. Other than the promising workforce, Pitchford was excited by the business benefits of his partnerships with the local and state governments.Idaho’s commitment to fiscal responsibility maintains a balanced budget, leaving no wiggle room for unexpected tax spikes. Idaho has the second-lowest energy costs in the nation, and it’s conveniently located for product distribution in the western United States. The northwestern state was also ranked number three in highest projected job growth by the Bureau of Labor Statistics.The financial community salutes Idaho for its business-savvy methods as well. Forbes ranked Idaho first in patents per capita, fifth in best economic outlook and ninth for entrepreneurship and innovation.But business opportunities don’t stop there. Low property costs plus low energy costs using hydro-electric power make expansion or relocation an attractive option. Not to mention, cost of living is low, and quality of life is high. Idaho has a shockingly low crime rate, short commutes and access to an abundance of nature and wildlife.As Allstate affirms, happy employees translate to happy customers, which will only enhance a company’s bottom line.To learn more about the favorable business climate of Idaho, visit www.commerce.idaho.gov.

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