Why Boise Is A Great Place To Start A New Business

September 21, 2023 by Emily Parker in Business, Flotsam

Boise, Idaho, may not be the first place that comes to mind when considering a business launch, but it's a hidden gem worth exploring. In this article, we'll delve into why Boise is an excellent location for entrepreneurs to plant their business roots, and why your employees will love it here. From its thriving economy to its welcoming community, Boise has much to offer.

Boise, Idaho is an excellent choice for starting a business, thanks to its strategic location, cost-effectiveness, and strong community ties, making it a burgeoning hub for tech and diverse enterprises.

Thriving Economy

Boise boasts a vibrant and diversified economy that caters to various industries. Whether you're in tech, manufacturing, or services, the city provides fertile ground for growth. During 2023, the Boise market has outpaced the U.S. market in population growth, household income, and low unemployment rates. The retail market remains on an upward trajectory based on key indicators.

Boise's diverse economy is a driving force behind the city's resilience and growth. Unlike cities heavily reliant on a single industry, Boise boasts a multifaceted economic landscape. Here, you'll find a blend of technology companies, manufacturing, agriculture, healthcare, and more, all thriving side by side. This diversity means that when one sector faces challenges, others can often pick up the slack, helping to stabilize the local job market and maintain economic vitality. It also means that entrepreneurs and businesses seeking custom web development solutions can tap into a broad range of potential clients and industries, making Boise a dynamic and adaptable environment for growth and opportunity. In Boise, the diversity of the economy isn't just a strength; it's a testament to the city's ability to weather economic storms and foster innovation in a variety of fields.

Business-Friendly Environment

Boise is known for its business-friendly environment. The state of Idaho ranks high for its ease of doing business, low taxes, and reasonable regulations. According to a 2019 piece on Livability, that’s not the only reason businesses love Boise. Several local CEOs cited being able to have an impact in a community they truly love as a primary reason for having started a business here. More still remarked that Boise’s ample opportunities during all four seasons for outdoor recreation encourages a work-life balance that keeps their employees happy and healthy.

The Boise community isn’t just business-friendly, the culture itself is entrepreneurial in spirit. According to the Idaho Commerce website:

“Idaho’s vibrant entrepreneurial culture is heralded as one of the best in the country. We’re in the top 10 for places to launch a new business and CNBC reported Idaho as the number three state for business friendliness in 2018, not to mention we consistently place as a top state for patents per capita.”
Boise from the foothills. Boise from the foothills. Photo by Aaron Day.

A Growing Tech Hub

In recent years, Boise has been quietly but steadily emerging as a formidable player in the technology sector. It's no longer just a hub for traditional businesses; it's also attracting tech-savvy entrepreneurs and startups. As of 2023, Technology was the leading industry in Boise, ahead of Manufacturing and Health Care in the second and third slots. Here's why Boise's startup ecosystem is flourishing:

  • Access to capital: One key ingredient for a thriving tech scene is access to capital, and Boise doesn't disappoint. Venture capital firms, angel investors, and grants from local organizations are readily available to fuel innovation. This financial support is essential for startups looking to develop custom web solutions or expand their tech operations.
  • A supportive community: Boise's tech community is known for its collaborative spirit. Organizations like the Boise Tech Alliance, Trailhead, and various co-working spaces facilitate networking and collaboration among tech enthusiasts. This collaborative environment can be a game-changer for businesses seeking partners or custom web development solutions.
  • Low cost of living as compared to coastal tech hubs: Depending on where you decide to live, the cost of living in the Silicon Valley can be 49-79% above the National Average. East Coast tech hub New York City’s cost of living is 78% above the National Average. Boise’s cost of living is 8% above the National Average.
  • Amazing talent pool: To thrive in the tech sector, you need a skilled workforce. Boise boasts a growing pool of tech talent, including web developers, data scientists, and digital marketers. The presence of Boise State University also contributes to the talent pipeline, ensuring that businesses can find the expertise they need for custom web development projects.
  • A Booming Software industry: Boise's software industry is on the rise, making it an attractive destination for businesses seeking web development solutions. From app development to SaaS platforms, local software companies offer a wide range of services that can support businesses in their digital transformation journey.

Work-life balance: Tech professionals are increasingly valuing work-life balance, and Boise delivers on this front. The city's natural beauty, outdoor recreational opportunities, and family-friendly atmosphere make it an ideal place to live and work. This balance can contribute to higher productivity and happier employees for businesses that prioritize their team's well-being.

Strong Community Support

What truly sets Boise apart is its close-knit business community. Here, entrepreneurs are not just business owners; they're neighbors and collaborators. The interconnectedness of businesses in Boise fosters a supportive environment where everyone is invested in each other's success. Networking events, meetups, and mentorship programs are commonplace, providing ample opportunities to connect with like-minded professionals.

Being part of Boise's tight-knit business community can be a game-changer for any business, especially those seeking custom web development solutions. Need a talented web developer for your project? Chances are you'll find one through a colleague's recommendation. Looking for a partnership to expand your services? The collaborative spirit in Boise can make it happen. The sense of belonging and support extends beyond business—it's about building lasting relationships that benefit your company's growth and success. In Boise, it's not just about what you know, but who you know, and that can make all the difference.

Boise River Diversion Dam. Photo by Aaron Day.

Access To Talent

Boise's tech sector is fueled by a diverse and skilled talent pool, making it an ideal destination for businesses seeking workforce solutions, especially in custom web development. Tech professionals in Boise come from various backgrounds, including local graduates from Boise State University and transplants drawn to the city's opportunities.

Many tech professionals are attracted to Boise by its thriving economy, low cost of living, and exceptional quality of life. The city's outdoor recreation, cultural amenities, and welcoming community make it a magnet for talent looking for a balanced lifestyle. The tech industry's growth in Boise has created a continuous demand for skilled individuals, ensuring that talent flows into the city from various regions.

Boise's tech talent often chooses to stay for the long haul. The sense of community, affordability, and work-life balance are just a few reasons why tech professionals put down roots here. Boise offers not just a place to work but a place to call home, and that sense of belonging is a compelling reason for tech talent to stay, contributing to the city's thriving tech sector.

Quality Of Life

Boise's exceptional quality of life is a well-kept secret that residents hold dear. Nestled amidst the natural beauty of Idaho, the city offers a lifestyle that seamlessly balances work and leisure. With access to a wealth of outdoor activities, including hiking in the nearby foothills, skiing in the winter, and enjoying the scenic Boise River Greenbelt year-round, residents relish an active and healthy lifestyle. The city's low crime rate, excellent healthcare facilities, and renowned schools further enhance the appeal, making Boise an ideal place to raise a family. Coupled with a thriving cultural scene, vibrant downtown area, and a strong sense of community, Boise truly embodies the notion that life here is not just about living but thriving. It's a place where you can pursue your career ambitions while savoring the pleasures of a well-rounded life.

In Conclusion

In summary, Boise, Idaho, might not be the first place you consider when starting a business, but it should be. Its thriving economy, business-friendly environment, growing tech scene, and strong community support make it an ideal location. For businesses seeking custom web development solutions, Boise's talent pool is a valuable resource. Plus, the high quality of life ensures that work-life balance is achievable.

Consider Boise as your next business destination. With the right vision and the support of a reliable custom web development agency like White Whale Web, your business can thrive in this welcoming City of Trees.