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Idaho named most affordable state in West for business

State gets high economic marks …

A Pennsylvania-based independent economic research firm is saying what state and local economic officials say they already knew — Idaho is the most affordable place to do business in the West.

A report released by http://www.Economy.com recently said Idaho had the lowest overall business costs in 2004, compared with Arizona, California, Colorado, Nevada, Oregon, Utah and Washington. In 2003, Idaho was the second-lowest place to do business in the West.

The firm compiled for each state a cost index number, which took into account each state’s labor and energy costs and overall state and local tax rates. Idaho’s cost index was a 93.2, beating out Utah at 93.7 and Oregon at 95.6.

Idaho Commerce & Labor crowed at the news Tuesday.

By Megan Hinds
Times-News writer

Full Story: http://www.magicvalley.com/news/topstory/index.asp?StoryID=15574

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