Around Idaho: June 2017 Economic Activity

Information provided in this article is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern
Eastern Idaho

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone counties

Bonner County

  • Intermax Networks is now serving Sandpoint’s new city-owned fiber optic cable service. Access to the city’s cable allows Intermax to nearly double its service in Sandpoint and supports the city’s goals of expanding the availability of fiber. Source: Idaho Business Review

Kootenai County

  • Construction on The Crossings – a new 37-acre business complex in Athol – began in June with the first work on a new Super 1 Foods grocery store. The complex is designed to serve the significant rural population of northern Kootenai County and may eventually include medical and financial service providers. Source: Coeur d’Alene Press
  • The Coeur d’Alene Chamber of Commerce has curtailed its financial support of the CDA Ironman competitions. After 14 years of full Ironman races, the city will instead begin hosting half-Ironman competitions beginning in 2018. Source: Spokesman Review
  • Silverwood Theme Park has fully ramped up for the summer season after opening its Boulder Beach water park. A representative from the park noted that sales of both season passes and individual tickets are up significantly from the previous year, when Canadian traffic dropped due to a weaker Canadian dollar. Season pass sales are up 23 percent over 2016, while individual ticket sales are up 20 percent. Source: Idaho Business Review
  • The city of Coeur d’Alene will postpone its planned widening and reconstruction of Government Way. The city received only one bid for the project, which was 34 percent higher than the city’s initial estimate. A city spokesman indicated that the narrow timeframe associated with the project was contributing to high costs, as the project would have required significant overtime work. Source: Spokesman Review

Continue reading

Community College to Impact Spending in Eastern Idaho

A community college can fill educational, community and social needs in a region. Spending the first two years of a four-year degree at a community college and increased educational attainment levels could add $5.2 million in annual spending to eastern Idaho’s regional economy.

In May, Bonneville County voters approved a tax measure allowing Eastern Idaho Technical College to become a community college. Continue reading

Washington State’s Minimum Wage Hike Affects Idaho Businesses

The state of Washington’s high minimum wage puts pressure on wages in northern Idaho, especially in the communities closest to the border — Lewiston, Moscow, Coeur d’Alene, Post Falls and the Priest River area. With Washington’s jump from $9.47 to $11 per hour on Jan. 1, 2017, wage pressures on the Idaho side increased.

In November 2015, the Washington Legislature approved Initiative 1433, which will increase its minimum wage incrementally until it reaches $13.50 an hour in 2020. After that, it will automatically increase with the cost of living. Three other states – Arizona, Colorado and Maine – also passed initiatives in November increasing their minimum wages. All three will raise their wages incrementally until they reach $12 in 2020. Prior to the election, California, New York and Oregon already established pathways to $12 an hour or more in the coming years. Altogether, 29 states and the District of Columbia now have minimum wages above the federal minimum wage of $7.25 per hour. In addition, some cities impose minimum wages above their states’ minimum wages. For example, Seattle’s minimum wage for larger employers is set to increase to $15 by 2020.

Continue reading

Around Idaho: May 2017 Economic Activity

Information provided in this article is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern
Eastern Idaho

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone counties

Kootenai County

  • The city of Coeur d’Alene entered into an agreement to purchase 47 acres of waterfront property, which was vacated when Stimson Lumber closed its operations there in 2005. Several private sector efforts to develop the property have fallen through over the years due to ambiguity regarding the lot’s zoning and environmental cleanup requirements. Source: Coeur d’Alene Press
  • The city of Post Falls plans to pursue an Idaho Community Development block grant to add additional parking in the city center. Inadequate public parking has led to a several cases of illegal parking and damage to private property. Source: Coeur d’Alene Press
  • Kootenai County Commissioners approved several changes to the Citylink bus system, including new fares and reduced hours of operation. The changes reflect the need to pursue a more sustainable and effective public transportation service. Source: Coeur d’Alene Press
  • The Innovation Collective plans to turn the historic Elks Building in downtown Coeur d’Alene into the “Innovation Den,” which will include office space, a coffee shop, meeting space and a private bar. Among the tenants already lined up are a robotics company, a venture capital firm and an intellectual property law firm. Source: Spokane-Kootenai Journal of Business

Continue reading

Looking for Your First Job? These Resume Tips Can Get You Started

magnifying glass

 

 

 

 

 

 

 

 

As the school year and graduation festivities end, many graduates may find themselves without a job or direction on how to find one. Whether looking for a summer job or your first professional entry-level position, there are many things to consider when creating your resume. A resume highlights skills, accomplishments, knowledge and experiences.

Getting Started

Before creating a resume, collect all information on previous job history, educational background and skills, as well as other accomplishments that will relate to the position for which you are applying. Make sure you tailor your resume to fit each position.

Continue reading

Workforce Development Training Fund Grant Helps Meet Demand for Radiation Safety Technicians

A $96,000 Workforce Development Training grant has helped Eastern Idaho Technical College (EITC) restart its Radiation Safety Training program. This grant is not only helping the college to resupply the workforce pipeline with qualified technicians needed to replace the aging workforce as they retire but is also making a difference in the lives of the people enrolled in this program by providing a low-cost training option that translates to high wages.

The program, which consists of two semesters in the classroom and an eight-week summer internship, prepares students to become radiation control technicians. The students perform a critical function at the Idaho National Laboratory and other Department of Energy (DOE) sites by monitoring and controlling radiation levels at the worksite to help ensure the safety of the people who work there. “The only other place to offer any kind of radiation safety training in this area is in Washington and they don’t teach the radiation contact information needed at DOE sites,” said Mahlon Heileson, radiation safety program instructor.

Continue reading

Idaho’s Alternative Measures of Unemployment Show Significant Improvement in 2016

While the number of unemployed Idahoans has steadily declined since May 2009, jobless rates for broader definitions of unemployed – such as discouraged, underemployed and marginally attached workers – improved significantly in 2016.

The U.S. Bureau of Labor Statistics (BLS) identifies six measures, or categories, of unemployment rates based on varying components of the labor force – U-1, U-2, U-3, U-4, U-5 and U-6. (See Figure 1 for definitions.) In Idaho, the official unemployment rate falls into the U-3 category.

Idaho’s broadest measure, U-6, improved to No. 12 in the nation in 2016, three spots better than last year and 23 spots better than the No.35 ranking in 2009 as the nation was coming out of the Great Recession. The U-6 rate is the broadest formal measure of labor underutilization – or underemployment – the BLS reports. It’s determined by the total number of unemployed persons, plus all marginally attached workers, plus the total number of workers who are employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers, Many economists use this definition as the most statistically reliable measure because it uses the most robust protocols for sampling and data collection. Continue reading