The Idaho Tech Economy Woes
Oct 15th, 2008 by JJcutt
Just surf the Idaho Statesman’s website for a few minutes and you will realize very quickly that Boise companies Micron and Hewlett-Packard are in some trouble. Heck, Idaho is in some trouble.
Micron, one of Idaho’s largest employers, stated that they will be laying off 15% of their employees nation-wide, translating into 1500 Boise workers. Gov. Butch Otter stated that “the global marketplace is driving this situation.” YA THINK?! But here’s the kicker… just days after dropping the bomb on all those Boise employees, Micron buys $400 million in stakes in a Taiwanese company.
This brings up the question, “What are we to do, on a state level, to keep jobs here in Idaho?” It is an incredible challenge to keep these companies in a place where tax burden and the inflated dollar makes it too expensive to do business in this country.
Hewlett Packard has yet to release any information on how many Idaho employees it will lay off but has said that they plan on a 8% Worldwide reduction.
These are scary times. Let’s do what we can as individuals on a community level to work our hardest… and vote for folks who care about sound economic policies.
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October 15, 2008 at 4:49 pm
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