BOISE, IDAHO - METRO AREA INFORMATION PACKET

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1 , IDAHO - METRO AREA INFORMATION PACKET

2 , IDAHO - Boise is not only the capital of Idaho, but the center of commerce, politics, population, cultural events, and the blue field that personifies the Boise State Broncos. As a high desert community resting at the foot of the mountains, it is surrounded by thriving bedroom communities rich in their own histories and economies, bringing the metro area population to approximately 684,000. Experts estimate the MSA population will exceed 736,000 by Although Boise is famous for the potato market, it has an equally vibrant economic environment for high-tech, healthcare, education, transportation, service, tourism, and retail industries. Many nationally and globally recognized corporations have a home in Boise including Micron Technology, Hewlett Packard, DirecTV, Albertsons, J.R. Simplot Company, MotivePower, Materne, Heartland RVs, and many others. Forbes consistently ranks Boise as one of the top places in the country to do business, high quality of life, raising a family, entertainment, and recreation. Boise has seen increased development with The Village at Meridian, the Eighth & Main Building, and the under construction City Center Plaza and JUMP Project. And don t forget our three time Fiesta Bowl winning team, the Boise State Broncos! AREA PROFILE KEY CITIES WITHIN THE AREA MSA Boise 226,900 Meridian 91,420 Eagle 25,510 Nampa 90,860 Caldwell 52,620 Total MSA Population (2016) 683,525 Source: Compass 2016 Population Estimates and 2016 Boise Valley Spotlight. EMPLOYMENT AND INCOME Total Employment (Boise-Nampa MSA 12/16) 305,856 State Unemployment Rate as of December % Per Capita Income $26,321 Median Household Income $51,922 Average Household Income $71,319 Source: Dept. of Labor and STDBonline. tokcommercial.com TOP EMPLOYERS St. Luke s Micron Technology, Inc. Boise State University Saint Alphonsus Health System Walmart Albertsons Hewlett-Packard Company J.R. Simplot Company Idaho Power Company Wells Fargo Bank Source 2016 Boise Valley Spotlight HOUSING Single-Family Homes sold in Ada Co. (2016) 11,644 Median Home Price $214,794 Single-Family Homes sold in Canyon Co. (2016) 4,364 Median Home Price $140,361 Source: Intermountain MLS and STDBonline. NATIONAL ACCOLADES #1 Lowest Cost Metro in Pacific U.S. - KPMG Competitive Alternatives, 2016 #6 Best Place to Live - U.S. News & World Report, 2016 #6 Top States for Job Growth - Forbes, 2016 #2 Top Up-And-Coming Cities for Recent College Grads - Forbes, 2015 #1 Most Caring City in America - WalletHub, 2015 Top 10 Hottest Housing Markets of Zillow, 2016 #6 Best Downtown - Livability, 2016 Top 10 Best Towns for College Football - Time Magazine, 2016

3 Compass Population Estimates Historic Population Estimates by City Limits Ada County Year Boise Eagle Garden City Kuna Meridian Star Unincorporated Total ,900 25,510 11,420 18,430 91,420 8,150 61, , ,670 24,600 12,060 17,320 91,310 7,930 61, , ,730 23,460 11,160 16,070 85,240 7,140 61, , ,700 21,350 11,070 15,960 81,380 6,480 60, , ,730 20,550 11,020 15,650 78,290 6,030 60, , ,470 20,140 10,980 15,470 76,510 5,900 60, , (Census) 205,671 19,908 10,972 15,210 75,092 5,793 59, , (Census) 185,787 11,085 10,624 5,382 34,919 1,795 51, , (Census) 125,738 3,327 6,369 1,955 9, , ,775 Canyon County Year Caldwell Greenleaf Melba Middleton Nampa Notus Parma Wilder Unincorporated Total , ,580 90, ,110 1,640 51, , , ,110 89, ,140 1,640 53, , , ,150 84, ,010 1,540 54, , , ,860 83, ,990 1,530 50, , , ,630 82, ,990 1,530 50, , , ,600 81, ,990 1,530 50, , (Census) 46, ,524 81, ,983 1,533 50, , (Census) 25, ,978 51, ,771 1,462 45, , (Census) 18, ,851 28, ,597 1,232 37,165 90,076 tokcommercial.com

4 tokcommercial.com Boise Valley Spotlight Excerpt

5 tokcommercial.com Boise Valley Spotlight Excerpt

6 tokcommercial.com Boise Valley Spotlight Excerpt

7 tokcommercial.com Boise Valley Spotlight Excerpt

8 Idaho Business Review , Idaho Statesman By: Robert Spendlove April 28, The Idaho economy continues to strengthen. According to the US Bureau of Labor Statistics, while the US economy is growing at an annual rate of 2 percent, the Idaho job market is once again the fastest-growing in the country, with a 4 percent growth rate. In the last year alone, Idaho has created more than 25,000 new jobs. To put this growth in perspective, from 2007 to 2010, Idaho lost 59,000 jobs, due to the effects of the Great Recession. However, since 2010, the state has created more than 92,000 jobs. Not only has the state fully recovered from the recession, but it has added tens of thousands of new jobs since then. Idaho now provides more than 691,000 jobs to workers in the state an all-time high. The Idaho unemployment rate is among the lowest in the nation. The US unemployment rate has been hovering around 5 percent for the past several months, which is significantly lower than the double digit unemployment rates seen during the Great Recession. An unemployment rate of 5 percent is a critical level at the national level. It is generally considered to the rate at which the employment sector reaches full employment, where employees are able to effectively find the right kind of jobs and employers are able to effectively fill their job needs. An unemployment rate of 5 percent is also the target range for the Federal Reserve in determining whether an economy is strong. Idaho s unemployment rate is now around 3.9 percent, an extremely low rate for the state. This ranks Idaho 12th among states for the number of employed relative to the total workforce. While not the lowest in the nation, an unemployment rate of around 4 percent is a very healthy level and indicates an economy operating at a very efficient level. If the unemployment rate drops much further below 4 percent it could start causing inefficiencies to increase in the economy, such as labor shortages. These shortages can actually slow down an economy, as employers struggle to find workers to fill the needs of the workforce. Another good sign of the strength of the Idaho economy is the distribution of job growth among the major employment industries. The leisure and hospitality industry has a growth rate of 8.8 percent. This sector has created more than 5,600 jobs over the last year, meaning that 1 in 5 of all new jobs in the Idaho economy are in leisure and hospitality. This sector is benefiting from the impact of low energy prices that have put more disposable income in the pockets of consumers. Other strong job growth sectors in Idaho include education and health services (4.4 percent), construction (4.3 percent), and professional and business services (3.9 percent). These sectors are all growing at or above the state growth rate of 3.9 percent and are driving the employment growth in Idaho. It is a good sign that the majority of growth in the state is driven by a diversified mix of private sector employment. While not as high as the overall state employment growth rate, the manufacturing industry is also growing at a strong rate of 3.5 percent in Idaho. Manufacturing employment is a critical component of basic employment and it drives employment in other sectors, especially in the services industry. Manufacturing employment in Idaho grew by more than 2,100 jobs in the last year. The only sector that is experiencing annual job losses is the natural resources and mining industry. This industry has contracted by 2.9 percent over the last year, although this represents a relatively small number of jobs lost, at While most sectors are benefiting from low energy prices, the natural resources and mining industry continues to contract from the same trend. It appears that oil may have hit a bottom, at around $26 per barrel recently. It has now risen to the high $30 per barrel range and seems to be showing support at that level. If so, this could help stabilize the energy industry and stabilize job losses in that area. The Idaho economy is firing on all cylinders and is the envy of the nation. With strong job growth, a low unemployment rate, and diversified growth among its industries, Idaho shows great potential for continued growth in the future. tokcommercial.com

9 tokcommercial.com U.S. News & World Report

10 9 Top Cities Where You Get the Most for Your Money Idaho Business Review Business Advice Source , Idaho Business Review- January Study: More people moving to Idaho than leaving by IBR Staff Published: January 8th, 2014 More people moved to Idaho in 2013 than left the state, a change from 2012, when roughly the same number of people moved into and out of Idaho, according to an annual study by Atlas Van Lines. Even within the United States, the cost of living can vary drastically depending on which city you call home. If you would like to make your dollar stretch a little further, consider taking up residency in one of these nine cities: * Please note that each index in this report is based off the cost of living in New York City. For example, a rent index 0f 40% means that the average rent in that city is 40% of what it is in New York City. 1) Boise, Idaho Cable One Business Phone All The Phone Features You Need. Starting as Low as $24/mo. Call Now As a general rule, most all western cities (excluding those in California) have an average cost of living on the lower end, and Boise is no exception. The capital city and the largest city of the state of Idaho, Boise is consistently ranked as having one of the lowest costs of living of any US city. With beautiful surrounding scenery and a nice college town environment, it is a great residence to consider if you are looking to settle down in a place that will make your dollar stretch further. Here are the cost of living statistics for Boise, Idaho: *Rent Index: 22.89% *Groceries Index: 58.82% *Restaurants Index: 72.60% *Average Cost of Gasoline (Per Gallon): $2.17 *Average Cost of Milk (Per Gallon): $2.95 *Average Monthly Rent of 3 Bedroom Apartment in City s Centre: $1,173 *Average Monthly Internet Bill: $47 *Average Monthly Utilities for a 915 sq. ft. Apartment: $113 shipments are classified as balanced. Atlas Van Lines has measured the number of moving shipments moving into and out of U.S. states and Canadian provinces since If more moving shipments leave a state in a year, the state is classified as outbound, and if more shipments enter the state, it s classified as inbound. States with roughly the same number of inbound and outbound The last year Idaho was classified as inbound in the Atlas Van Lines study was in The state was classified as balanced in 2007 and outbound in 2008 and It was balanced from 2010 to Idaho neighbor Montana also shifted from balanced to inbound in 2013, and Oregon was inbound for the second consecutive year. Nevada and Utah maintained balanced statuses, while Washington changed from inbound to balanced. Wyoming was outbound for the second consecutive year. Idaho s population has risen every year over the past decade, according to the U.S. Census Bureau. The top 10 states from which people moved to Idaho in 2010 the most recent data available were Washington, California, Utah, Oregon, Nevada, Arizona, Texas, Montana, Colorado and Wyoming, according to the Internal Revenue Service. tokcommercial.com