01-23-15: NEW BUSINESS INVESTMENT:

It is the intent of the Board to provide incentives for investments in new business where the new business:

   (1)   Demonstrates and certifies that "but for the incentive", the business would not locate in the County but would locate at another specific locale;

   (2)   Creates jobs that pay competitive wages that exceed the average wage (including benefits) for the County as determined by the State of Idaho;

   (3)   Demonstrates significant indirect benefits; and

   (4)   Agrees to all terms and conditions imposed by the Board, including, but not limited to, recoupment provisions that might encumber project property.

Businesses that meet these criteria may be eligible for the following incentives:

 

The multiplier is the “employment multiplier” as determined for that project by the Idaho Department of Commerce. A 2.0 multiplier means that for every job created by the project, one additional job is created indirectly. Both the investment and job creation requirements of a level must be met to be eligible for that level. Investment includes only qualified investments as defined by Idaho Code section 63-602NN. In no event can an exemption be made unless it qualifies under Idaho Code section 63-602NN. Exemptions are only available under level I for projects located outside of Nampa and. Exemptions are not available under levels I, II, and/or III investments for housing and residential buildings or facilities.

(Ord. 18-031, 11-15-2018; amd. Ord. 22-020, 9-13-2022)