Information for the city of Boise
Boise is the capital and most populous city of the U.S. state of Idaho, as well as the county seat of Ada County. Located on the Boise River in southwestern Idaho, the population of Boise at the 2010 Census was 205,671, the 99th largest in the nation. Its estimated population in 2013 was 214,237.The Boise City Nampa metropolitan area includes five counties with a combined population of 616,500, the most populous metropolitan area in Idaho. It contains the state's three largest cities; Boise, Nampa, and Meridian. Boise is the fourth most populous metropolitan area in the United States' Pacific Northwest region, behind Seattle, Portland and Spokane.Time magazine listed Boise as #1 of eight other cities in a 2014 issue under the header ""Solutions for America"" as ""Getting it right."" Other major industries are headquartered in Boise or have large manufacturing facilities present.
The state government is also one of the city's largest employers.The area's largest private, locally based, publicly traded employer is Technology. Others include . The call center industry is also a major source of employment; there are over 20 call centers in the city employing more than 7,000 people, including Global ( a company), E, was formed in Boise, though headquartered at Pasco, Washington. The original airmail contract was from Pasco to Elko, Nevada with stops in Boise in both directions. The company is the root of present day United Airlines, which still serves the city at the newly renovated and upgraded Boise Airport.Inc.com rated Boise #9 on their list of hottest mid size cities for entrepreneurs in 2007
Information for the state of Idaho
Gross state product for 2004 was $43.6�billion. The per capita income for 2004 was $26,881. Idaho is an important agricultural state, producing nearly one-third of the potatoes grown in the United States. All three varieties of wheat, Dark Northern Spring, Hard Red, and Soft White are grown in the state. Nez Perce County is considered a premier Soft White growing locale. Important industries in Idaho are food processing, lumber and wood products, machinery, chemical products, paper products, electronics manufacturing, silver and other mining, and tourism. The world's largest factory for barrel cheese, the raw product for processed cheese is located in Gooding, Idaho. It has a capacity of 120,000 metric tons per year of barrel cheese and belongs to the Glanbia group. The Idaho National Laboratory (INL), a government lab for nuclear energy research, is also an important part of the eastern Idaho economy. Idaho also is home to three facilities of Anheuser-Busch which provide a large part of the malt for breweries located across the nation.
Today, the largest industry in Idaho is the science and technology sector. It accounts for over 25% of the state's total revenue and over 70% of the state's exports. Idaho's industrial economy is growing, with high-tech products leading the way. Since the late 1970s, Boise has emerged as a center for semiconductor manufacturing. Boise is the home of Micron Technology, the only U.S. manufacturer of dynamic random access memory (DRAM) chips. Micron at one time manufactured desktop computers, but with very limited success. Hewlett-Packard has operated a large plant in Boise since the 1970s, which is devoted primarily to LaserJet printers production.
ON Semiconductor, whose worldwide headquarters in Pocatello, is a widely recognized innovator in modern integrated mixed-signal semiconductor products, mixed-signal foundry services, and structured digital products. Coldwater Creek, a women's clothing retailer, is headquartered in Sandpoint. Sun Microsystems (now a part of Oracle Corporation) has two offices in Boise and a parts depot in Pocatello. Sun brings $4 million in annual salaries and over $300 million of revenue to the state each year.
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Invoice Factoring: Helping Temp Staffing Agencies Grow
When a temp agency is experiencing a cash flow problem, they generally have two options: the first option is to apply to a bank or other lender for a business loan, and the second is to use Invoice Factoring. In this article we'll take a look at why Invoice Factoring may be the best option.
Many companies who bill their clients have discovered that Invoice Factoring is a very effective way of addressing cash flow issues, and this is also true for temp staffing agencies. Typically, temp agencies don't get paid by their clients until such time as their job vacancy has been filled and the employee hired has actually commenced work, which means that it's very common for temp agencies to experience cash flow problems.
Any advertising required to successfully place job candidates is paid for by the temp staffing agency, meaning that they're not able to invoice their client until they've found a suitable candidate and the candidate has actually started work. So, the temp staffing agency must wait to get paid.
Why Invoice Factoring Works Well for Temp Staffing Agencies
Temp staffing agencies are typically paid per hour, with the amount due being based on the number of hours their placement has worked. Of course, during this time they still have to pay their own bills, and these might include rent, payroll, advertising costs, utilities, and so on. So, it's easy to see that this can put a big strain on a temp agency's cash flow.
Many expenses incurred by a temp staffing agency can't be put off, so the agency must be able to access cash straight away: their employees need to be paid on time, as do their rent and utility bills. All businesses require office supplies, so money must be available to keep the business running smoothly. In addition, temp agencies must have money on hand for advertising job openings. For all of these reasons, it's not either feasible or practical for a temp staffing agency to apply for a business loan, then sit, wait, and hope to be approved.
These businesses need money and they need it now; and that's why Invoice Factoring may be the perfect solution to their cash flow problem.
Explaining Invoice Factoring
When a business makes the decision to use Invoice Factoring in order to generate cash, their cash-flow problem can be resolved almost immediately. In many cases, the business can secure up to 92% of the value of their invoice within 24 hours! A word of caution though: if this is the first time the temp agency has worked with a factor it could take longer - somewhere between four and seven days.
Any temp staffing agency that's experiencing a cash flow crisis, or even agencies that only occasionally experience cash flow problems, should do as much research as they can to learn about factoring and how it might help their business grow. With this knowledge they can then consider Invoice Factoring as and when the need arises. Factoring really is the perfect way for a business to access cash money when it's most needed. In many cases, once a relationship has been established with the factor, the money will be delivered within 24 hours.
Cash When You Need It!
Of course one of the major bonuses of invoice factoring is that temp staffing agencies no longer need to worry about whether they will or won't qualify for a bank loan, because factoring will take care of their cash flow crisis. All they need to do is provide their chosen factor with the invoices they wish to sell, complete with the time-sheets for each employee, and the cash that's due and payable to them can be deposited into their bank account within 24 hours. Now, temp agencies will have no problems meeting their monthly obligations, and best of all, there'll be no need to take on new debt.
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