A positive byproduct of “startups” — defined as new private establishments open for less than a year — are the jobs they create. While Idaho’s startups account for a smaller share of private jobs now than in the 1990s, the state’s total employment has benefitted from them, growing from around 15,000 jobs in 1994 to over 27,000 jobs in 2024 — a 79.6% overall increase, or 2.2% annually.
Idaho finds itself in a healthy state of net job growth from startups, especially over the past 14 years when the greatest growth occurred. Figure 1 below plots the employment of startups in Idaho and the U.S. from 1994-2024. Despite a slight employment decrease in 2023, Idaho job growth from startups was again on the rise in 2024. Nationally, however, net job growth from startups dropped 14.6% from 1994-2024, a 1.4% decline per year. Continue reading



