Idaho Tech Sector Growing
Normally when it comes to the growing tech economy of a region the pattern goes as follows; the tech part comes first, usually from colleges and universities or emerging from established companies with large R&D budgets which then leads to emerging innovations leading to new companies, and those companies tend to leave to head to places such as Silicon Valley and Austin, Texas.
Idaho is a textbook example of this all too familiar pattern. Thanks to organizations such as the Idaho National Laboratory, Boise State University, the University of Idaho, Idaho State University, BYU Idaho, HP, Micron and Simplot, innovation has not been an issue. Idaho has experienced tremendous growth in the tech sector across the state over the past 10 years, but unfortunately Idaho tech entrepreneurs have had to look outside the state for capital.
This is changing. Venture-capital companies are settling within the region and the number of successful homegrown tech companies continues to increase.
If you are an Idaho company performing research and development, you may qualify for the the Idaho research credit. Contact a Swanson Reed specialist for more information.