Economy

Business
10:25 am
Wed April 23, 2014

Software Company Declara To Expand Its Boise Office

Declara's founder Ramona Pierson's personal story often overshadows her business and technology achievements. At age 22 she was hit by a car leaving her blind and unable to walk. It took years of surgeries to restore her sight, crushed legs and fix her other injuries.
Credit facebook.com/declara.inc

A software company with an Idaho presence is expanding its operations thanks to an influx of cash. Palo Alto-based Declara announced a new $16 million investment Wednesday.

The company’s Boise office of 10 developers will double because of that, a spokesman says. It also plans to expand its offices in California and Mexico.

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Unemployment
1:46 pm
Fri April 18, 2014

Idaho's March Jobless Rate Drops To Lowest In More Than Five Years

A recruiter talks with a job seeker in Boise.
Credit Molly Messick / Boise State Public Radio

Idaho's unemployment rate has dropped to its lowest point since August 2008.  It dropped a tenth of a percent in March to 5.2 percent. 

Bob Fick is with the Idaho Department of Labor. He says the March data continues a trend that started a year and a half ago.

“We’ve seen job creation at two percent to three percent over the last 18 months, while the national rate has been about 1.5, 1.6 every month, year over year," Fick says. "So we’re creating jobs at a significant pace."

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Gambling
10:24 am
Thu April 17, 2014

North Idaho Tribe: State Poker Ban Doesn't Apply

Credit Ross Elliott / Flickr Creative Commons

The Coeur d'Alene Tribe in northern Idaho plans to offer poker after deciding Idaho's constitutional ban on the game doesn't apply to the tribal-owned casino.

The Spokesman-Review reports the tribe has announced plans to open a poker room on May 2.

The tribe says it will offer Texas Hold' Em and Omaha.

Tribe spokesman Helo Hancock says several legal opinions have led the tribe to conclude that poker is exempted from state regulation under the federal Indian Gaming Regulatory Act.

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Agriculture
6:40 pm
Mon April 14, 2014

Alfalfa Growers Hope To Rake In More Green This Year

Drex Gauntt grows some of the earliest-harvested alfalfa in the Northwest near Burbank, Wash. Hay prices this year have him smiling.
Anna King Northwest News Network

Many Northwest alfalfa growers had a rough year with bad weather last summer.

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Economy
9:34 am
Mon April 7, 2014

Pullman-Moscow Airport Considers $66 Million Improvement Project

Officials say the Pullman-Moscow Regional Airport needs improvements to keep up with more demand and bigger aircraft.

Airport Executive Director Tony Bean says the airport has fallen behind the times due to aircraft increasing in size.

Bean says there isn't the space and capacity to land current-size aircraft safely, and as the trend doesn't seem likely to change, the problem will only worsen.

Agriculture
9:32 am
Mon April 7, 2014

Idaho's Wine Industry Continues To Grow

Credit smcgee / Flickr

The executive director of the Idaho Wine Commission says the state is getting national attention for its wines.

Moya Dolsby credits a $400,000 annual budget funded through the state liquor tax and wine industry assessment as well as enthusiastic supporters.

Dolsby tells the Lewiston Tribune that she no longer has to beg restaurants and retailers to try Idaho wines.

The state's wine industry has grown from a single commercial winery in 1976 to 50 today.

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Agriculture
6:48 pm
Fri April 4, 2014

Low Prices Prompt Northwest Asparagus Growers To Try To Delay Harvest

File photo
Anna King Northwest News Network

Northwest asparagus growers are just starting to harvest spears in the warmer sites around Pasco, Wash.

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Wages
4:45 pm
Tue April 1, 2014

Idaho's Average Hourly Wage Ticks Up, Doesn't Keep Up With National Growth

Credit 401(K)2013 / Flickr Creative Commons

Idaho's average wage increased by almost 20 cents last year. But wage growth isn't keeping up with the national average. 

The U.S. Bureau of Labor Statistics' Occupational Employment Survey finds Idaho's average hourly wage for all jobs was $18.67 last year, that's up 19 cents from 2012. Still, Idaho's average wage was almost 84 percent of the national average, which is $22.33 an hour.  

The survey also found that half of Idaho's hourly employees earned $14.68 or less in 2013. That's a 10 cent increase from 2012. 

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Affordable Housing
1:11 pm
Wed March 26, 2014

Report: It Takes A 73 Hour Work Week To Pay Rent On Idaho's Minimum Wage

Credit National Low Income Housing Coalition

An Idaho worker earning the minimum wage would need to work 73 hours per week in order to afford a modest two-bedroom rental according to a report from the National Low Income Housing Coalition.

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Wages
10:43 am
Mon March 24, 2014

Idaho's Share Of Minimum Wage Workers Declines, Now 2nd Highest In U.S.

The U.S. Bureau of Labor Statistics reports most hourly workers earning at or below the minimum wage work in the service sector, largely in food preparation.
Credit Gorgeoux / Flickr Creative Commons

Idaho’s share of minimum wage workers declined 0.6 percent from 2012 to 2013 according to data released by the U.S. Bureau of Labor Statistics. The drop means Idaho no longer has the largest share of minimum wage workers in the country; Tennessee has taken Idaho’s spot.

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Economy
6:45 am
Mon March 24, 2014

The Number Of Idaho Fur Trappers Doubles As Pelt Prices Soar

Patrick Carney sets his traps in a gated community pond near Eagle, Idaho.
Credit Jessica Murri / For Boise State Public Radio

Just four years ago, bobcat fur sold for about $200. Now, that same bobcat pelt can be sold for almost $2,000. Higher prices come from a rise in demand for fur in Asia, and it has led to more trappers in the field here in Idaho.

Patrick Carney, president of the Idaho Trappers Association, gets calls almost daily from folks who want advice on how to get into commercial trapping.

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Economy
11:42 am
Fri March 21, 2014

Idaho's February Jobless Rate Drops To Five Year Low

Idaho's unemployment rate dropped another tenth of a percentage point in February to 5.3 percent, the lowest rate in more than 5 years.

That decline came as the participation rate - which is the percentage of the population 16 and older working or actively looking for work - fell a tenth of a percentage point to 63.7 percent.

Idaho's participation rate dropped below 64 percent last October - the first time in over 30 years - and has been gradually sliding since.

Food Stamps
6:47 pm
Thu March 13, 2014

Some States Working To Negate Federal Food Stamp Cutbacks

File photo of a woman using her EBT card in Portland, Ore., to purchase food.
Brian Duss Bread for the World

In Olympia, Washington policymakers are pondering whether to make an end run around looming cutbacks in the federally-funded food stamp program.

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Business
3:48 pm
Thu March 6, 2014

Boise-Based Albertsons To Merge With Safeway Stores

Credit RoadsidePictures / Flickr Creative Commons

Safeway says it has agreed to be acquired by an investment group led by Cerberus Capital Management, the owner of Albertsons and several other supermarket chains.

The acquisition is worth about $7.64 billion in cash, and pending other transactions could top more than $9 billion.

It comes amid ongoing consolidation in the supermarket industry, which is facing growing competition from big-box retailers, specialty chains, drug stores and even dollar stores.

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Business
2:15 pm
Wed March 5, 2014

Federal Court Approves $311 Million Settlement Involving Micron

Credit Micron Technology

Attorney General Lawrence Wasden says Idaho and other states have obtained court approval of a $311 million settlement involving Boise-based Micron Technology and other computer chip makers.

The court approval announced Tuesday means consumers can start filing claims to recoup the money they overpaid as a result of chip makers engaging in unlawful anti-competitive practices to inflate prices.

The approval involves the settlement of a lawsuit Idaho and 34 other states brought against 12 makers of dynamic random-access memory, or DRAM.

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Economy
10:41 am
Wed March 5, 2014

North Idaho Landowner Selling Waterfront Property For Bitcoin

Credit Antanacoins / Flickr Creative Commons

A North Idaho man is selling lake-front property for bitcoin, a digital currency that isn't regulated like the U.S. dollar.

The Coeur d'Alene Press reports Hayden resident Alen Golub has joined with neighbors to sell 660 waterfront acres. Golub tells the paper he's selling his 50 acres in exchange for bitcoin.

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Business
10:39 am
Wed March 5, 2014

Twin Falls Approves Chobani Expansion

Credit Emilie Ritter Saunders / Boise State Public Radio

Twin Falls officials in south-central Idaho have approved a $3.5 million expansion of a Greek yogurt plant operated by Chobani.

The Times-News reports in a story on Wednesday that the addition to the $450 million plant will add to its packaging and filling rooms on the east side.

Company officials say the plant reached full production in December, producing 1 million cases of yogurt a week.

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Economy
5:03 pm
Mon March 3, 2014

National Parks Report: Nearby Towns Lost Nearly $500M In October Shutdown

File photo of an entrance to Mount Rainier National Park
Tom Banse Northwest News Network

According to a National Park Service report, towns around national parks lost an estimated $414 million during the partial government shutdown last October.

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Idaho Legislature
3:25 pm
Mon March 3, 2014

Plan To Slash Idaho's Income Tax Passes House

Credit Samantha Wright / Boise State Public Radio

A plan to snip Idaho income tax by $126 million over the next six years passed the House over objections that the state can't afford to lose that much revenue for the general fund.

The bill seeks to drop rates in all brackets from the current 7.4 percent to 6.8 percent, starting with a .1 percent cut in January.

Republican Rep. Mike Moyle, from Star, says that could make the state more attractive to businesses and put Idaho more in line with neighboring states.

Montana has an income tax rate of 6.9 percent and no sales tax.

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Agriculture
1:07 pm
Mon March 3, 2014

Hummus Popularity Has Idaho, Washington Farmers Growing Huge Chickpea Crops

The rising popularity of hummus across the nation has been good for farmers like Aaron Flansburg.

Flansburg, who farms 1,900 acres amid the rolling hills of southeastern Washington, has been increasing the amount of the chickpeas used to make hummus by about one-third each year to take advantage of good prices and demand.

"I hope that consumption keeps increasing," he said.

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