Idaho’s construction industry was the number one fastest-growth industry in Idaho in recent years. This is due to an increase in housing demand, lending activity, and real estate values from people moving in from nearby states.
Idaho’s commercial construction market is also experiencing a rebound. Demand for more office space has been a considerable factor.
Idaho business financing
If you don’t have savings OR 401K or access to a traditional bank loan, you should consider an SBA loan. Other financing options in Idaho include credit unions, community banks, or a business line of credit.
Get licensed, bonded and insured
Protect yourself, your business, and your clients by ensuring you have the right licenses and permits, business insurance, and surety bonds. This also includes forming a business entity to protect your personal and business assets.
- Business license
- City licenses
- Professional license
- Idaho C Corporation, Idaho S Corporation, Idaho LLC
Occupational Safety and Health Act requires that Idaho construction workers are provided a safe workplace free from hazards.
Finding and hiring labor
The construction industry generally secures labor from subcontractors, hired employees, labor brokers, or independent contractors.