A recent report by the Idaho Statesman looks at the links between two boomtowns, Boise and Bilbao. The visit of a Basque delegation, led by Basque President Iñigo Urkullu, to Idaho last year enhanced the historic connection between the two regions. There have been economic ties between the city of Boise and the Basque Country since the nineteenth century, when the burgeoning sheep industry in Idaho increased the need for talented sheepherders from the Basque Country. A century later, these connections were still evident through cultural events such as the Basque Soccer Friendly and Jaialdi in 2016, celebrating the Basque heritage and culture. These events only served to take the exisitng economic and cultural exchange to new heights.
This year, a business delegation from the Basque province of Bizkaia visited Boise to renew the economic and cultural partnership between Boise and Bilbao. According to Asier Alea Castaños, General Manager of Trade Promotion for the Bizkaian Government, at present over a million people reside in Greater Bilbao with a GDP per capita reaching 122 percent of the European Union (EU) average. Bizkaia’s economic competitive advantage is backed by higher education institutions that rank higher than the rest of Europe in terms of research and development. And this Bizkaian economic and technological edge, coupled with the existing links between the two cities, provides the Boise business community with huge opportunities.
Boise has itself experienced technological booms in recent years with high-tech projects such as Trailgead poised to attract investment from the Basque Country. With a cost of doing business only one-third of that in California or Washington, Boise can be an attractive investment option for Basque investors.
Boise has extensive business clusters in software, environmental technology, advanced energy, hi-tech manufacturing, hardware assembly, national call centers, and agricultural technology. And Boise’s comprehensive business cluster complements that of some of the main industries in and around Bilbao such as the aeronautic, automotive, electronic, information technology, energy, and maritime sectors. It would appear, then, that there are multiple opportunities for new links to be developed between these two Basque boomtowns.
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The Center has published several books on the Basque economy. For a general introduction, see Basque Economy from Industrialization to Globalization by Mikel Uranga, free to download here.
Tow other works address innovation policies in the Basque Country:
Implications of Current Research on Social Innovation in the Basque Country, edited by Ander Gurrutxaga Abad and Antonio Rivera, free to download here.
And Innovation: Economic, Social, and Cultural Aspects, edited by Mikel Gómez Uranga and Juan Carlos Miguel de Bustos, available free to download here.
For some general historical background on the particular tax and finance system that so defines the particularity of the Basque Country, see Basque Fiscal Systems: History, Current Status, and Future Perspectives, edited by Joseba Agirreazkuenaga and Eduardo Alonso Olea.
Another key feature of the Basque economy in recent years has been its urban transformation. This process is examined in Transforming Cities: Opportunities and Challenges of Urban Regeneration in the Basque Country, edited by Arantxa Rodríguez and Joseba Juaristi.
And for a wonderful monograph of one of the most controversial economic issues in the Basque Country today, namely the plans for a new high-speed rail network to create a single interconnected “Basque city,” check out Building the Basque City: The Political Economy of Nation-Building, by Nagore Calvo Mendizabal.