Economy

29
Jun
2021

Step Grant

The State of Idaho has received a State Trade Expansion Program (STEP) Grant of $207,945 for program years September 30, 2020 – September 29, 2021. STEP is funded in part through a grant with the U.S. Small Business Administration (SBA) and is administered by Idaho Commerce. The goals of STEP are to increase the number of small businesses that export, increase the value of exports and increase the number of small businesses exploring significant new trade opportunities.

The application period for the Kallman Digital Showcase is open now.

Participants must meet SBA eligibility requirements to participate in the following STEP-funded program

Posted by Idaho Business Council Admin in Economy
25
Mar
2021
2020 Idaho Manufacturing Industry

2020 Idaho Manufacturing Industry

Manufacturers in Idaho account for 12.00% of the total output in the state, employing 9.29% of the workforce. Total output from manufacturing was $9.24 billion in 2018. In addition, there were an average of 70,000 manufacturing employees in Idaho in 2019, with an average annual compensation of $72,439.44 in 2018.

2020 Manufacturing Data　Top 10

2020 Total Sales
Dairy Product Manufacturing$3,234,038,240
Semiconductor and Other Electronic Component Manufacturing$2,810,213,885
Fruit and Vegetable Preserving and Specialty Food Manufacturing$2,397,819,424
Animal Slaughtering and Processing$1,296,005,922
Pulp, Paper, and Paperboard Mills$1,118,581,943
Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing$984,243,888
Sugar and Confectionery Product Manufacturing$850,978,348
Other Wood Product Manufacturing$842,758,269
Sawmills and Wood Preservation$759,589,398
Computer and Peripheral Equipment Manufacturing$750,705,419

Source: Economic Modeling Specialists International with Bureau of Economic Analysis data

Posted by Idaho Business Council Admin in Economy