Our Services
REDI is a 501(c)(6) nonprofit corporation supported by Southeast and East Idaho Investors across sixteen counties. REDI has assisted Eastern Idaho companies with expansions and relocations, as well as companies desiring to locate to Eastern Idaho. REDI works with new and existing organizations, state and local governments, business, industry, and universities to provide a clear and continuous focus on regional economic development. REDI takes the position of data analysis to propel beneficial growth and continued collaboration.
REDI provides the following:
- Lowest Electricity rates in the nation
- Business Retention, Expansion and Recruitment
- Workforce Development, Training, Education, and Recruitment
- Eastern Idaho Economic and Demographic Data
- Site Selection and Site Visit Coordination
- Eastern Idaho and State of Idaho Incentive Programs
- Custom Research Requests
- Educational Workshops include: a yearly Economic Summit; and a yearly Workforce Connector Conference; a yearly Housing Symposium
- Economic Development Roundtable Meetings
- HUB for Idaho’s SBIR/STTR Grant Funding through the Elevate Idaho Program
- Yearly Summit – “What’s Up Eastern Idaho!”
- Cybersecurity Alliance Meetings
- CEO Roundtables
- Public/Private Partnerships
- Quarterly Advisory Board Meetings (Our Partners & Investors)
- Annual Report/Investor Meeting
Additionally:
- Idaho reports continual tax surplus and runs without deficit spending
- U.S News Ranked Idaho as #3 for Best Economic Outlook
- Idaho was ranked #24 in States with the Fastest Rates of Job Growth in 2021
Regional Economic Development for Eastern Idaho (REDI) is committed to supporting business retention, expansion, and recruitment; workforce development, education, training and recruitment;entrepreneurship and innovation, and quality of life. REDI addresses business and workforce needs, education, access to jobs, transportation, broadband, employer needs, and partnerships to advance a strong regional ecosystem. REDI works in full collaboration with city, county, university, business, industry, and community leaders to promote all the great assets and opportunities Eastern Idaho has to offer.
Incentives
U.S. Economy Publication Ranked Idaho as #2 for Best Economic Outlook.
Idaho was also ranked #4 in States with the Fastest Rates of Job Growth in 2020. More Tech Firms are starting up and relocating to the Gem State. Businesses looking to escape the high costs of cities are attracted to fast growing communities like Idaho Falls, Rexburg, and other communities in Eastern Idaho because of lower costs of living.
Idaho Power, Rocky Mountain Power and Idaho Falls Power provide some of the lowest utility rates in the nation, which positions the state in the top ten states for lowest electrical rates for both residential and commercial power in the nation.
With an array of assets such as, inexpensive land, a favorable regulatory climate, low taxes, abundant resources, a ready workforce, strong Institutions of Higher Learning, and a low cost of living – Eastern Idaho is the best place to start and grow a business, as well as locate.
Eastern Idaho, in partnership with the Idaho Department of Commerce, offer a variety of incentive programs. Check out Idaho’s great programs below:
- 1.3% Job Growth
- Hottest housing market of 2020
- Champion Red Tape Cutter. In December, Governor Little announced that Idaho has become the least-regulated state in the country, surpassing several states, by cutting and simplifying 75% of regulatory rules in one year.
- Property Tax is 6th lowest in the nation
- Idaho’s state income tax rate is now at one of its lowest levels in decades, following recent reductions that brought the top rate down to 5.3%
- Strong environment for start-up opportunities for Tech Companies and Businesses
- Outstanding Quality of Life
Contact us today at 1-208-522-2014.
We are ready to help you expand your company or locate your company to Eastern Idaho.
This is Eastern Idaho! Power of Place!
Research
REDI assembles the latest economic information and data from utility rates to cost of living, median wages, GDP growth, unemployment rate and other important data points. REDI quickly responds to viable information to help make critical decisions.
For more information, please contact Teresa McKnight, CEO of REDI, at tmcknight@rediconnects.org or by phone at (208) 522-2014.
