Boise: A Creative Hub with Economic Growth at Its Core

Boise: A Creative Hub with Economic Growth at Its Core | The Enterprise World
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Nestled in the foothills of rocky mountains and along the beautiful Biose River is the capital city of Idaho, Boise. It sits at an elevation of about 2,700 feet (824 meters), which gives it a unique mix of city life and natural beauty. The city offers a special climate of hot summers, mild winters, and low humidity. It is located in Ada County and has a population of 235,684 people, according to the 2020 census.

The Boise metropolitan area, often called the Treasure Valley, includes five counties and has a total population of 749,202, making it the most populated metro area in Idaho. This area features the three largest cities in the state: Boise, Nampa, and Meridian. The Boise-Nampa Metropolitan Statistical Area ranks as the 74th most populous metro area in the United States.

The Founding of Boise

Before European settlement, the Boise Valley was inhabited by Native American tribes, primarily the Shoshone and Bannock. These tribes utilized the area’s natural resources and held spiritual ceremonies at significant sites like Eagle Rock. The first recorded European presence in the area was in 1811, when Wilson Hunt’s expedition sought fur trade routes.

Boise was officially founded in 1863 during the Idaho Gold Rush, which attracted a wave of settlers and miners to the region. The discovery of gold in nearby areas like Idaho City and Silver City led to a significant influx of people, establishing the city as a critical supply center for miners. It was named after the French word “boisé,” which means “wooded”. This was because of the lush surroundings encountered by early explorers.

In 1864, the city was designated as the capital of the newly created Idaho Territory. The establishment of the Idaho Penitentiary in 1872 marked another significant development, as it became a focal point for the region’s governance and economy. The late 19th-century arrival of the railroad boosted growth by easing trade and transportation.

Economical Background

Initially, the city’s economy was heavily reliant on agriculture, with fertile lands supporting farming and ranching. The Boise River provided essential irrigation, allowing crops to thrive in the arid climate. This agricultural foundation laid the groundwork for the city’s economic stability.

Boise: A Creative Hub with Economic Growth at Its Core | The Enterprise World
Sean Pavone from Getty Images

By the mid-20th century, the city diversified its economy. The establishment of various industries, including food processing and manufacturing, contributed to economic growth. The city also became a hub for the lumber industry, capitalizing on the surrounding forests.

The 1990s marked a significant turning point for the city, as it experienced a tech boom that attracted numerous technology companies and entrepreneurs. This shift transformed it into a center for innovation, moving beyond its traditional agricultural and industrial roots.

The Rise of Tech Industry

Boise is becoming an important technical hub and is attracting new startups and well-known tech companies. This growth is happening because of smart investments and a friendly environment for tech businesses and is having a big impact on the local economy and lifestyle, as more people move to the area. The cost of living is lower than in big coastal cities, making it an appealing place for tech workers.

Major companies like Micron Technology, which makes semiconductors, are leading the way with big investments, including a new $15 billion facility that will open in 2025. Other notable companies, such as Clearwater Analytics and Cradlepoint, have also established themselves in the Boise area. This influx of businesses has attracted around 30,000 new residents since 2010, drawn by job opportunities and the area’s natural beauty.

The tech boom is changing its local economy, creating more jobs and affecting the housing market. As more tech companies move in, there’s a growing demand for housing, causing prices to rise by over 50% since 2019. Even with rising prices, the city is still more affordable than other tech hubs, making it a great place for people looking to escape the high costs of bigger cities. 

Urban Growth and Changes

The growth in Boise has led to urban sprawl, with new developments spreading into surrounding areas. Once quiet towns like Meridian and Eagle have transformed into busy suburban centers, while Nampa and Caldwell have seen their populations grow rapidly because of affordable housing options. This expansion has changed the local landscape, with farmland being replaced by housing developments, shopping centers, and new schools.

For instance, Meridian has become one of Idaho’s largest cities, with its population doubling in the past decade. What used to be a quiet bedroom community is now a vibrant city with its own economy, contributing to a more connected metropolitan area.

The Economic Growth

There are stats and data that show that the Boise metropolitan area is experiencing significant economic growth, but there are also some concerns about inclusion and differences between areas. Here are some key highlights. 

Boise: A Creative Hub with Economic Growth at Its Core | The Enterprise World
High Ranking 
Itis ranked second among 55 large metro areas (with populations between 500,000 and 1,000,000) for economic growth.
Young Companies
Jobs at businesses that are less than five years old jumped by 80.9%, putting the city second in this category.
Gross Metropolitan Product (GMP) 
The GMP increased by 60.2% during the same period.
Job Increase 
The number of jobs grew by 40.5% from 2012 to 2022.

The city’s economy is showing impressive growth, but there are some important issues to consider regarding how this growth is shared among different groups of people. In terms of economic performance, the city ranks fifth in the country for economic output per job, with a 14% increase from 2012 to 2022. Average wages have also risen significantly, increasing by 21.5%, which places the city sixth among large metropolitan areas. 

However, while the economy is thriving, there are gaps in how the benefits of this growth are distributed. It ranks 13th in overall inclusion, with a 4.6% increase in the employment rate during the same period. The median income has grown by 31.2%, which is a positive sign, placing it fifth overall. The poverty rate has also decreased from nearly 28% in 2012 to 24% in 2022, which is below the national average.

Cultural Renaissance

The city has experienced an exciting cultural transformation in recent years, becoming a lively center for art, music, and unique architecture. This cultural revival is visible throughout Downtown Boise, where the streets are filled with events, murals, and festivals that attract visitors from all over the world.

Boise: A Creative Hub with Economic Growth at Its Core | The Enterprise World
boisedev.com

One of the key drivers of the city’s cultural scene is the Treefort Music Fest. Since it started in 2012, Treefort has become one of the most popular events in Downtown Boise. The festival has a friendly, community-focused vibe and features hundreds of artists across different music genres and venues, bringing together music lovers and creatives to celebrate both local and international talent.

A Small-Town Feel in a Growing City

Despite its rapid growth, Boise has managed to keep a strong sense of community. Even as the city has expanded into a more urban area, it has retained a friendly, small-town feel. Events like the Farmers Market, neighborhood block parties, and city-wide volunteer activities help bring residents together.

People take pride in their city and work hard to keep it welcoming and inclusive. This strong sense of community, along with the city’s natural beauty and opportunities for growth, makes the city an attractive place to live, work, and raise a family.

So it the city worth visiting and investing in? Yes! It has a charm, beautiful green spaces, and low crime rate, all of which contribute to a high quality of life. It is known for its welcoming atmosphere, offering attractions like the Boise River Greenbelt, lively local markets, and outdoor activities that allow residents to relax and have fun. People enjoy a balance between city life and outdoor adventures, making it a great place for those who appreciate both urban and natural settings.

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