Two islands are included within the municipality's limits: Vulcanön and Turbinhusön, the former was originally Tidaholm's industrial center and the latter historically housed the Turbine.

[2] Up until the early 19th century, Tidaholm was primarily a farming community but, in 1799, an ironworks factory (Tidaholms bruk) was established on the site of the Holmagården forge, which had roots dating back to the Middle Ages, and merged with several other business to manufacture furniture, wagons and agricultural implements.

[3] Nearly a century later, one of the bicycle-making Lindström brothers spent time in the United States, studying the early car industry.

[7] Nowadays, Vulcan Tidaholm is the only remaining match factory in Sweden, with roughly 200 employees.

There is an art gallery at the former turbine house (Turbinhusön) open in the summer and close to Hellidens folkhögskola you will find Sweden's only Lithographic Museum, as well as cafés and other small shops here.