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Strengthen Partnerships

This strategy aims to strengthen existing businesses and economic drivers in the region, while also attracting new industries and international exports. It focuses on three pillars: protecting and retaining existing industries, growing existing industries, and attracting new industries. The strategy identifies growth opportunities, emphasizes consolidation and expansion, and highlights emerging clusters in software/data center, aviation/aerospace, research, and clean energy. It also highlights the state's competitive advantages such as low-cost environment, upgraded infrastructure, and workforce development.

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Strengthen Partnerships

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  1. Strengthen Partnerships

  2. Three Pillars of Focus • Protect and Retain 2. Grow Existing/Grow our Own • Attract New

  3. Strategy I Build Current Momentum • Existing Industries • Emerging Industries • International/ Exports • Tourism

  4. Strengthen Existing Business & Economic Drivers

  5. Region 1 $519,986,533 $6,114,127,485(12% of State GDP) 9% State Industry Total 7% Regional GDP Region 2 $453,104,242 Region 6 $392,784,301 7% State Industry Total 14% Regional GDP 6% State Industry Total 6% Regional GDP MANUFACTURING Region 3 $3,394,528,195 56% State Industry Total 14% Regional GDP Source: Economic Modeling Specialists, Inc. 2012 Region 5 $699,265,784 Region 4 $654,458,430 11% State Industry Total 16% Regional GDP 11% State Industry Total 11% Regional GDP

  6. Region 1 $217,853,623 $2,817,469,810(5% of State GDP) 8% State Industry Total 4% Regional GDP Region 2 $256,666,268 Region 6 $377,195,868 9% State Industry Total 8% Regional GDP 14% State Industry Total 6% Regional GDP AGRICULTURE Region 3 $765,463,200 27% State Industry Total 3% Regional GDP Source: Economic Modeling Specialists, Inc. 2012 Region 5 $374,481,261 Region 4 $825,809,590 13% State Industry Total 8% Regional GDP 29% State Industry Total 14% Regional GDP

  7. Region 1 $270,289,051 $653,585,760(1% of State GDP) 41% State Industry Total 5% Regional GDP Region 2 $35,469,075 Region 6 $140,442,473 5% State Industry Total 1% Regional GDP 22% State Industry Total 2% Regional GDP MINING Region 3 $70,941,906 11% State Industry Total 0% Regional GDP Source: Economic Modeling Specialists, Inc. 2012 Region 5 $102,198,854 Region 4 $34,263,742 16% State Industry Total 2% Regional GDP 5% State Industry Total 1% Regional GDP

  8. Region 1 $349,220,842 $3,700,281,821(7% of State GDP) 10% State Industry Total 6% Regional GDP Region 2 $124,132,791 Region 6 $1,124,831,079 3% State Industry Total 4% Regional GDP 30% State Industry Total 17% Regional GDP PROFESIONAL, TECHNICAL & SCIENTIFIC SERVICES Region 3 $1,656,506,367 45% State Industry Total 7% Regional GDP Source: Economic Modeling Specialists, Inc. 2012 Region 5 $141,310,281 Region 4 $304,280,461 4% State Industry Total 3% Regional GDP 8% State Industry Total 5% Regional GDP

  9. Region 1 $433,377,805 $3,355,541,384(7% of State GDP) 13% State Industry Total 7% Regional GDP Region 2 $233,026,311 Region 6 $310,742,995 7% State Industry Total 7% Regional GDP 9% State Industry Total 5% Regional GDP FINANCE & INSURANCE Region 3 $1,782,961,920 53% State Industry Total 7% Regional GDP Source: Economic Modeling Specialists, Inc. 2012 Region 5 $278,484,297 Region 4 $316,988,056 8% State Industry Total 6% Regional GDP 10% State Industry Total 5% Regional GDP

  10. Region 1 $406,021,169 $3,355,541,384(7% of State GDP) 10% State Industry Total 7% Regional GDP Region 2 $300,061,592 Region 6 $480,402,204 7% State Industry Total 9% Regional GDP 11% State Industry Total 7% Regional GDP HEALTH CARE & SOCIAL SERVICES Region 3 $2,232,880,819 53% State Industry Total 9% Regional GDP Source: Economic Modeling Specialists, Inc. 2012 Region 5 $360,259,609 Region 4 $419,025,845 9% State Industry Total 8% Regional GDP 10% State Industry Total 7% Regional GDP

  11. Region 1 $905,021,900 $7,543,535,500(15% of State GDP) 12% State Industry Total 15% Regional GDP Region 2 $764,529,000 Region 6 $733,271,700 10% State Industry Total 23% Regional GDP 10% State Industry Total 11% Regional GDP GOVERNMENT Region 3 $3,718,575,000 49% State Industry Total 15% Regional GDP Source: Economic Modeling Specialists, Inc. 2012 Region 5 $797,124,400 Region 4 $625,013,500 11% State Industry Total 18% Regional GDP 8% State Industry Total 11% Regional GDP

  12. Identify Growth Opportunities • Consolidation & Expansion • Value Add & Supply Chain • In source & Re-shoring • Export • Gov’t Contracting • Joint Marketing Opportunities

  13. Emerging Clusters • Software/Data Center • Rec Tech • Aviation / Aerospace • Research • Bio Technology • Clean Energy • Applied Materials • Light Manufacturing

  14. Idaho Annual Exports

  15. Strategy II & III Competitive Advantage & Long Term Foundation • Low Cost Environment • Upgraded Infrastructure • Workforce Development • Solvent Government • Adaptability & Speed • One Big Small Town

  16. Opportunities Moving Forward

  17. Team

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