IDAHO INVENTIONINDEX | APRIL 2025
April 2025: 1.21% (B- grade)
Idaho inventionINDEX April 2025: 1.21% (B- grade)
The inventionINDEX measures innovation output by comparing GDP growth with patent production growth.
Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).
Over the past six months, the Idaho inventionINDEX score has shown fluctuations in its performance. The scores have varied between 1.21% in April 2025 and 1.89% in October 2024. This trend indicates a decrease in the index score, with a notable drop in the most recent months. The score peaked at 1.89% in October 2024 but has since declined steadily, reaching its lowest point of 1.21% in April 2025.
Higher inventionINDEX scores typically reflect a more innovative environment, showcasing stronger rates of invention, patents, and new technologies. A higher score is beneficial as it indicates greater economic dynamism, increased opportunities for growth, and a competitive advantage in industries related to technology and patents. This can lead to increased investment and job creation, enhancing the region’s overall economic health.
On the other hand, a decline in the inventionINDEX score suggests stagnation in innovation. This could be attributed to a decrease in new patents or innovations, signaling potential challenges in maintaining a competitive edge in the market. A lower score might discourage investors and could result in a decline in regional growth, as businesses may seek more innovative environments for their operations.
In conclusion, while the recent drop in Idaho’s inventionINDEX score may raise concerns, it highlights the need for strategic efforts to boost innovation. Addressing this decline can pave the way for renewed growth and opportunities in the future.
| Month | InventionINDEX Score |
|---|---|
| April 2025 | 1.21% |
| Mar 2025 | 1.28% |
| Feb 2025 | 1.49% |
| Jan 2025 | 1.52% |
| Dec 2024 | 1.63% |
| Nov 2024 | 1.18% |
Discussion:
In April, the Idaho inventionINDEX scored a positive sentiment which was lower than the previous year’s average and underperformed the downward trend for the year. This is similar to the prior 12 months, which experienced a slight downward trend.
As the economy continues to stabilize in the post-pandemic era, it remains uncertain whether any backlog of applications still exists or if the department has returned to normal processing timelines. The inventionINDEX could also be affected by lingering consequences from the pandemic, such as company closures, reduced workforces, and limited R&D capabilities, which may still be impacting current operations.
Learn More:
Are you thinking of patenting any of your bright ideas? Did you know your research work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please check out our free online eligibility test.
Swanson Reed’s Idaho office provides R&D tax credit consulting and advisory services to Boise, Meridian, Nampa, Idaho Falls and Pocatello.
Feel free to book a quick teleconference with one of R&D tax specialists at a time that is convenient for you, if you would like to learn more about R&D tax credit opportunities.
Who We Are:
Swanson Reed is the largest Specialist R&D tax credit advisory firm in the United States. With offices nationwide, we are one of the only firms globally to exclusively provide R&D tax credit consulting services to our clients. We have been exclusively providing R&D tax credit claim preparation and audit compliance solutions for over 30 years.
Swanson Reed hosts daily free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/free-webinars or contact your usual Swanson Reed representative.
Are you eligible?
Why choose us?
Pass an Audit?
What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
Choose your state
