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Idaho Opportunity Zones Overview

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Idaho Opportunity Zones Overview BOISE Idaho Opportunity Zone OPPORTUNITY ZONE OVERVIEW WHAT’S IN THE ZONE? such as the St. Alphonsus Access to Interstate Centrally located within the 84 City of Boise, this Regional Medical Center, 84 and Interstate 184 opportunity zone has which has realized continued transportation infrastructure, investment and employment including rail and interstate, growth. Close proximity to and benefits from significant downtown nearby residential areas. This Boise opportunity zone is approximately 3 miles The area includes a diversity from the city’s downtown, of land uses and the civic and employment Quick acces to Boise employment opportunities center of Idaho. Airport INVESTMENT SITES 1 1. 1200 N. Curtis Road Previous industrial use, 6.03 acres/263,000 sq. feet, leaseable on 2 5 acres with 1 acre accessory parking lot 2. 34 South Cole Road Formerly a school, now a vacant lot of 8.56 acres/ 373,000 sq. feet CENSUS TRACT 16001002000 BOISE COMPETES Boise Competes is the city’s Quick Facts economic development promise to its citizens. It means the city About is working hard every day to Boise, Idaho make the city the best it can be. The goal of Boise Competes: align resources with opportuni- LOCAL PRIORITIES ties to ensure Boise’s economy The current state of the census remains lasting, innovative and tract is a mix of heavy industrial, vibrant for years to come. 230,594 light industrial, residential, health services and retail. There Population is ample opportunity for infill development and redevelopment of this area. This census tract lends itself 2.3% well to a mixed-use Unemployment development including housing, retail, oce and other uses. GROW OUR HOUSING Rate There are a growing number of startups from a variety of Over the last several years Boise industries attracted to this area has seen tremendous vitality, due to its low lease costs, with low unemployment, proximity to Boise State increased opportunity, and a University, and proximity to growing national realization that $57,189 Boise truly is becoming one of housing and transportation infrastructure. the most livable cities in the Median Income country. Boise's challenge is how Continued western sprawl in to maintain the city's high the Boise Valley has made the livability in the face of the Central Bench neighborhood in dramatic growth brought by this this zone a target for success. 75% intensification and an opportunity to reimagine a Unlike other cities that have Workforce With neighborhood that already has fallen victim to overwhelming essential infrastructure in place. housing shortages, Boise has an Some College opportunity to sustain our The neighborhood represents an livability and guide future Education opportunity to continue the growth. After recently City’s initiatives to diversify completing a series of robust employment (Boise Competes) community conversations, Nic Miller and intensify residential housing aordability emerged Economic Development Director development (Grow Our as a top concern. City of Boise Housing) sustainably. [email protected] 208-994-1209 FOR INFORMATION USE ONLY. The information and statistics stated herein are based upon publicly available resources developed by other local, state, or federal entities. The Idaho Department of Commerce is not responsible for incorrect information stated herein. Contact Idaho Commerce for information on doing business in Idaho [email protected] | 800.842.5858 | www.commerce.idaho.gov MERIDIAN Idaho Opportunity Zone Photo Credit: Idaho Business Review OPPORTUNITY ZONE OVERVIEW WHAT’S IN THE ZONE? This census tract contains workers living across the 84 Access to Interstate 84 strong and emerging central Treasure Valley. markets for industrial companies, health science The tract has convenient Near Blue Cross of and higher education freeway access, well-built Idaho and St. Luke’s organizations, regional local roads and an active rail Medical Center transit groups, small corridor boasting a strong businesses, and housing. infrastructural advantage in creating long-term Industrial rail access It is seen by the city as the opportunities for profitable key to connecting investment, innovation and consumers, commuters and growth. Idaho College of Osteopathic Medicine INVESTMENT SITES 1. 1250 E. Kalispell 1.7 acres of zoned, light industrial property with utility service. 2. 3015 E. Magic View Drive 1.6 acres of zoned, general 1 commercial property, access to ID-55/Eagle Road, near St. 3 Luke’s Medical Center. 2 3. 715 S. Wells Street 6.86 acres suitable for medical, oce or flex (RUT zoning), with access to I-84. CENSUS TRACT 16001010321 HOUSING NEEDS HEALTH SCIENCE CORRIDOR This opportunity zone Quick Facts incorporates a portion of the This corridor is marketed to About tract in the Meridian Urban attract health science and Renewal District, as well as technology companies. With St. Meridian, Meridian's HUD-approved Luke’s Meridian Medical Center, Community Development Block Idaho Urologic Institute, Idaho Idaho Grant redevelopment area. State University and the Idaho College of Osteopathic Medicine, this area is slated for future health science and 106,410 technology clustering. The corridor creates a clear need Population and opportunity for a specialized and highly-skilled workforce. 2.4% There are ongoing eorts to Unemployment leverage federal and state funding in the residential and Rate commercial areas of this tract to prevent and mitigate poverty, slum and blight, and other local needs. RAIL CORRIDOR The rail corridor running through Hospitality and retail employees $64,375 this census tract houses a find it dicult to live in the area number of significant industrial due to dwindling diversity in Median Income users such as ProBuild, Scentsy, housing options. A number of Micro100 Tool, FSA and PKG. mixed-use, housing, and oce This is an area sought after for developments are in various industrial development. stages of entitlement in the 77.9% downtown area. Surrounding This railway provides many industrial areas have lobbied to opportunities to industrial Population with maintain the industrial portions, partners across the Treasure improve housing aordability Valley and has potential to Bachelor’s Degree and options, and retain provide future transportation employment in the area that options for those living or Higher contribute to the state’s GDP. throughout Boise, Meridian, Nampa and Caldwell. Cameron Arial, City of Meridian, [email protected], 208-489-0570 Brenda Sherwood, City of Meridian, [email protected], 208-489-0537 Contact Idaho Commerce for information on doing business in Idaho [email protected] | 800.842.5858 | www.commerce.idaho.gov FOR INFORMATION USE ONLY. The information and statistics stated herein are based upon publicly available resources developed by other local, state, or federal entities. The Idaho Department of Commerce is not responsible for incorrect information stated herein. BONNERS FERRY Idaho Opportunity Zone OPPORTUNITY ZONE OVERVIEW WHAT’S IN THE ZONE? Near US Highway 95 The opportunity zone This opportunity zone is 2 with direct access to bordered by the south and includes the Kaniksu State Highway 2 west banks of the Kootenai National Forest, downtown River. The area is and southern Bonners Shares its northern traditionally sustained by Ferry, the Kootenai River border with Canada timber and may be ideal for Inn Resort and a number of value-added wood parcels with rail access. products manufacturing. Rail access INVESTMENT SITES 1. 7168 1st St., Bonners Ferry, ID Former Safeway building of 14,206 square feet on 0.795 acre lot. Recommended use as a retail grocery store, small manufactur ing, oce space or community center. Includes loading areas, parking and is retail adjacent. 1 2. 138 Latigo Ln., Naples, ID 7.92 acre commercial property o Highway 95, including out buildings, greenhouses and living quarters. Recommended use as a 2 manufacturing plant, nursery or retail store. CENSUS TRACT 16021970200 LUMBER INDUSTRY The skill sets of Boundary Quick Facts County citizens are About predominately in the lumber industry and wood by-product Bonners Ferry, sector. Due to the longevity of Idaho the industry, skills are strongest in value-added wood products and wood by-products. The most likely type of industry to develop in this census tract RAIL USE 2,629 would be in the value-added There are two parcels within the City wood products business. opportunity zone with rail track sidings and several parcels with Population direct rail access. The rail track sidings parcels are ideal for inventory deliveries and final product shipping. Investors with 5,326 interest in these parcels are both outside of the state and outside Census Tract of the country. Population Courtesy Boundary County Museum $35,892 FOREIGN TRADE ZONE City Median This opportunity zone includes a foreign trade zone. The FTZ Income program is in support of businesses with a U.S. location that imports parts, materials or components for manufacturing COMPANY HIGHLIGHT 18% and finished goods or parts for Bonners Ferry is home to City Population distribution, either exported or multi-million dollar Panhandle sold in the U.S. Foreign goods Door, Inc., and Überleben, a with a College and domestic goods held for modern bushcraft company Degree export are exempt from state known best for its fire-focused and local inventory taxes. products. Dennis Weed, Boundary County Econ. Dev., [email protected], 208-267-4352 David Sims, Boundary County Econ. Dev., [email protected], 208-267-0352 Contact Idaho Commerce for information on doing business in Idaho [email protected] | 800.842.5858 | www.commerce.idaho.gov FOR INFORMATION USE ONLY. The information and statistics stated herein are based upon publicly available resources developed by other local, state, or federal entities. The Idaho Department of Commerce is not responsible for incorrect information stated herein. BUHL Idaho Opportunity Zone OPPORTUNITY ZONE OVERVIEW WHAT’S IN THE ZONE? Buhl is a walkable agriculture and Near Interstate 84 and downtown community commercial and industrial 84 US Highway 30 with a diverse population zoned areas.
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