(A) It is the intent of the Board of County Commissioners 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;
(3) Demonstrates significant indirect benefits; and
(4) Agrees to all terms and conditions imposed by the Board of County Commissioners, including, but not limited to, recouping waived property taxes.
(B) Businesses that meet these criteria may be eligible for the following incentives.
Level of Investment | Investment | Net New Job Creation | Exemption |
Level I | $500,000 to $3,000,000 | Ten or more | Up to 40% for up to three years |
Level II | $3,000,001 or more | 20 or more | Up to 55% for up to five years |
(C) 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 § 63-602NN. In no event can an exemption be made unless it qualifies under Idaho Code § 63-602NN.
(Ord. 62, passed 12-12-2017)