Business Opportunities in Idaho

Discover the lucrative franchise landscape in Idaho, where opportunity meets growth. From dynamic businesses for sale to investment prospects, explore how Idaho's business ecosystem and advantageous market conditions can propel your franchise aspirations to new heights. Uncover the key to your entrepreneurial success in the Gem State.

Population per Square Mile22.3
Per Capita Income$31,509
Total Employer Establishments54,864
Total Employment645,239
Total Retail Sales per Capita$14,500

Idaho's economic landscape is characterized by several factors. The state has a low population density of 22.3 people per square mile. However, the total retail sales per capita stands at $14,500, suggesting a healthy consumer market.

Idaho's economy has been showing remarkable strength and resilience. The state recently recorded two consecutive years of record budget surplus, substantial tax relief, and significant infrastructure investments. These factors contribute to a surging economy, with Forbes ranking Idaho near the top in growth rates for 2021.

Idaho’s labor market is expected to remain robust, with projections indicating continued growth through 2023. The state's consistent job market resilience and rapid recovery post-pandemic position it favorably for future growth. New jobs are expected across various industries, with construction and leisure and hospitality sectors showing the fastest growth. This growth is supported by strong in-migration, increasing demand for services, and a growing demographic base.

In summary, Idaho's franchising landscape is shaped by a combination of a strong economy, favorable business environment, ongoing infrastructure investments, and a resilient labor market. These factors create a promising backdrop for business opportunities across various sectors.

Cities and Industries

Boise, Idaho, offers a promising landscape for franchise opportunities. With a projected 1.3% annual growth rate through 2028, the city showcases a strong consumer base. The average household income of $108,815 and median household income of $81,596, along with a per capita income of $48,893, reflect the residents' substantial spending power.

Boise's housing market presents a compelling case for home services franchises. Approximately 62.3% of housing units are detached homes, suggesting a substantial market for home maintenance and improvement services. With the median home age at 43 years, there's a potential demand for renovation and remodeling services. Homeowners in Boise, with their strong financial capacity, are inclined to invest in home improvement projects.

Furthermore, the city's robust consumer expenditure data, totaling $5.63 billion annually, underscores a thriving retail market. Entrepreneurs exploring franchise opportunities in retail, such as clothing stores or specialty boutiques, can benefit from the residents' spending power.

Nampa, Idaho, with a projected annual growth rate of 2.0% through 2028, also presents an attractive locale for potential franchisees. One promising industry is food and beverage, as Nampa residents allocate a substantial portion of their annual consumer expenditure to this category, totaling $435.78 million. This suggests a strong demand for dining options, making franchises in the restaurant, cafe, or fast-food sectors promising business opportunities in the city.

Website Analytics

Our website analytics data reveals that Idaho currently accounts for only 0.38% of our total website visitors, signaling a promising business opportunity for franchisees. The state's engagement metrics, including an 80.08% bounce rate and an average session duration of 00:45, shed light on a distinct advantage. Idaho presents a market with minimal competition and the potential for an untapped landscape in the realm of franchise opportunities. For entrepreneurs contemplating franchise ventures, this data underscores the considerable potential for success in Idaho's unexplored market.

Franchise Opportunities

Investigate the diverse business opportunities available in Idaho below, where the expansive geography, entrepreneurial spirit, and a growing economy create an enticing landscape for new ventures.

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Idaho

Facts About Idaho

Capital: Boise
Year of Statehood: 1864
Largest Cities: Boise, Meridian
Motto: Let it be Perpetual.
Nickname: Gem State
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Choose Idaho for Your Business

  • In October 2023, the unemployment rate in Idaho was 3.2%, lower than the US overall average.  (source)
  • Idaho's real GDP growth rate in the first quarter of 2023 was 3.8% per year. (source)
  • Idaho is recognized as the top state for economic momentum based on personal income growth, employment growth, and population growth, and for net gain of residents influenced by tax policy.  (source)
  • Idaho is ranked 4th in the 2023 edition of Rich States, Poor States by ALEC, reflecting its competitiveness and positive economic outlook.  (source)
Current Opportunities in Idaho:

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