Key takeaways
- COVID-19 may speed up trends to move business headquarters away from neighboring coasts to smaller central US cities. This shift was previously observed due to lower costs associated with inland cities, but with growing concerns of office closure due to COVID, the less densely populated urban centers of inland states have become an attractive proposition to businesses.
- While Eastern Idaho has had a Costco in Pocatello for some time, the international wholesale retailer is now set to open its first location in Idaho Falls this August, nearly an hour away from the Pocatello location.
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A grant has been given to East & South Idaho councils to fund economic development planning and support businesses in dealing with the pandemic.
