Business

Samantha Wright / Boise State Public Radio

The Idaho House overwhelmingly approved a $51 million tax cut plan Thursday despite hesitation from Republican and Democratic lawmakers unhappy with the deal.

 

House Majority Leader Mike Moyle (R-Star) is sponsoring the bill, and says the state’s current surplus means Idaho should give a little money back to tax payers. If the bill passes, the first $750 of income would be exempt from taxation, and the top income and corporate rates would be reduced from 7.4 percent to 7.2 percent.

Laura Gilmore / Flickr Creative Commons

Several Boise State students will compete in an international contest, with the chance to win $1 million. The student teams were chosen out of more than 50,000, and their projects seek to help refugees.

Jon Rawlinson / Flickr Creative Commons

A national education policy advocacy organization is holding its 3rd annual conference in Boise this week. The agenda is mostly what you’d expect, a lot of speeches, which started Wednesday night and run through Friday. But the conference also features a reality TV twist.

Adam Cotterell / Boise State Public Radio

The city of Twin Falls and Clif Bar Tuesday celebrate the opening of a new plant that will bake all flavors of the company’s signature energy bars and a line of kid’s bars. The plant is nearly 300,000 square feet and employs more than 200 people with about 60 more to be added early next year. The lowest wage is $15 an hour.

Micron Headquarters Building
Dan Greenwood / Boise State Public Radio

We learned last week that Harvard University is suing Micron Technology over patent infringement. Micron isn’t commenting on the suit. If it goes to court, the company will likely argue that the technology it uses is based on a patent it owns, not the one developed by Harvard.

Grocery shopping is on almost everyone’s weekly list. For many households, that means driving to the supermarket, or an even larger discount mega-store, and loading our carts to the brim with our favorite brands. But grocery shopping wasn’t always this way. A century ago, small mom-and-pop grocers dotted street corners, staffed by storekeepers who packaged bulk items for customers they knew by name. Today, the retail landscape continues to change, as more of us go online for a variety of purchases.

Adam Cotterell / Boise State Public Radio

We introduced you to Kutukira Mberwa about a year ago when the Boise International Market was celebrating its grand opening.

Adam Cotterell / Boise State Public Radio

The Boise International Market had been operating less than a year when it burned down in September. Since the fire, people have been asking if the popular destination for food, imports and culture would be rebuilt. We still don’t know the answer to that, but we do know something similar is on the way.

Kyle Green / Idaho Statesman

The September fire that destroyed the Boise International Market has been deemed an act of arson, according to the Boise Police and Fire departments.  

A four-month joint investigation included the use of private fire investigation experts and forensic analysis. Officials say additional information uncovered during the investigation led investigators to conclude the fire was intentionally set.

For nearly a century, The Bassett Furniture Company was the center of life in the town of Bassett, Virginia, just as its wealthy namesake family was the foundation of the town’s prosperity. But that all changed in the 1980s, when cheaper Chinese products began flooding the American furniture market. The imports threatened the Bassett family legacy, as well as the livelihoods of hundreds of Virginians.

Adam Cotterell / Boise State Public Radio

The Boise International Market burned down in September, putting its business owners out of work. This weekend, a handful of those - mostly refugee - entrepreneurs started back up in a temporary location for the holiday season.

Trailhead in downtown Boise is in a pretty good location for restaurants and retail. It isn’t designed for either, though. Trailhead is a business incubator.

Boise Co-Op North End Local Organic
Frankie Barnhill / Boise State Public Radio

The Boise Co-op has been in its North End location since 1996. And as of Friday, a second store will open at the Village shopping center in Meridian.

The Treasure Valley’s growth in recent years is one of the reasons the natural food store is expanding. Mo Valko is in charge of marketing for Boise Co-op. She says they’ve heard from members, or co-owners as she calls them, who want to shop at the North End store but don’t want to deal with traffic.

Soldier Mountain

Matt McFerran and his wife paid $149,000 for Soldier Mountain. McFerran, who has worked in the industry for years, says the chance to run his own ski facility is a dream come true.

“We’ve been working really hard during our due diligence period to finally execute some ideas and plans on this," says McFerran. "It has been an absolute whirlwind.”

He and his wife currently live in Bend, Ore., but will soon move to Idaho.

“The initial thought process was to split time. But after spending time around Fairfield and Soldier Mountain, we’ve decided to move out fulltime.”  

Adam Cotterell / Boise State Public Radio

Idaho is more than 82 percent white. Just 12 percent of the state is Hispanic or Latino, and less than one percent of residents are African American.

The U.S. Census numbers also say, when it comes to business, the state lacks diversity. Hispanic-owned businesses make up just 2.6 percent of firms in Idaho. African American-owned businesses are at just .2 percent.

bcorporation.net

Boise's Treefort Music Fest is stepping out under a new business model. According to a press release Friday, the music festival received Benefit Corporation (B Corp) certification this summer, becoming the first and only music festival with that status. B Corporations are for-profits where shareholders adhere to missions that include transparency, positive social impact on local communities and environmental consciousness.

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