Economy

John Penny / Flickr Creative Commons

If you’re in Boise, take a look around. There’s a very good chance some of the people you see are out-of-towners. June and July are Boise’s busiest months for tourism.

The Boise Convention and Visitors Bureau keeps track of how many hotel rooms get rented and when. Visitors bureau director Carrie Westergaurd says both in June and July the city could have as many visitors as residents.

Kyle Green / Idaho Statesman

Partnerships between public universities and private companies – called technology transfers – have the potential to solve some of the world's most difficult problems. The idea is to have researchers at universities do their work, and then the institution will help them obtain a patent. At that point, the product can be sold to a private company for distribution. Think of the iconic Gatorade story at the University of Florida. 

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, threatening the Bassett family legacy and the livelihoods of hundreds of Virginians.

Karina / Flickr Creative Commons

A couple of weeks ago, we reported on the increase in median home values across Ada County. The county assessor says the pace of growth is sustainable at a little more than 5.6 percent. After the housing market rebounded after the Great Recession, buying a home has become more competitive.

One of the places that's seen a boost in popularity for home buyers — and increased home values because of the competition — is the Boise Bench.

SamPac / Flickr

State government would help fund resource programs for the homeless if state Sen. Lori Den Hartog, R-Meridian, had her way, especially as Ada County looks for solutions to homelessness.

The Idaho Statesman reports (http://bit.ly/1AVOiwb ) that Boise Director of Community Partnerships Diana Lachiondo says the city is working with local hospitals and Ada County on a collaboration that would bring a housing first model to the Treasure Valley.

Courtesy: J.R. Simplot Company

Idaho-based J.R. Simplot Company is seeking federal approval to market a second genetically engineered potato.

Simplot won approval for its first modified potato late last year. The “Innate” potato, as it’s branded, is due to be the first genetically engineered spud on the market.

Simplot dubbed the genetically engineered potatoes “Innate” because the inserted genes come from other potatoes.

A drive across the Northwest quickly reveals things look really dry everywhere.

Adam Cotterell / Boise State Public Radio

Housing development on Garden City’s riverfront has picked up as the economy has improved.  The momentum is good for local tax rolls, but it also threatens adjacent areas that are home to low-cost housing. Experts say simply replacing that housing stock won't be easy, and that many residents could be displaced with few other housing options.  

Jessica Robinson / Northwest News Network

Gov. C.L. "Butch" Otter will lead a group of Idaho-based business leaders on a weeklong trade mission to Peru and Mexico next week.

The trip includes businesses ranging from producers of milk and potatoes to makers of boat docks and skin care products. The companies are aiming to increase exports to Central and South America.

The business leaders will also attend receptions with U.S. Ambassador to Peru Brian A. Nichols next Tuesday and U.S. Ambassador E. Anthony Wayne to Mexico next Thursday.

The Energy Department has awarded grants to scientists in five western states to develop research for a national lab aimed at tapping hard-to-get-to geothermal energy they say someday could provide enough power to supply 100 million homes.

Lynn Orr, energy undersecretary for science, announced Monday research teams in Nevada, California, Idaho, Oregon and Utah also will share the $2 million for the first phase of the project.

Adam Cotterell / Boise State Public Radio

The Boise International Market is throwing its grand opening celebration Saturday from 11:00 a.m. to 7:00 p.m. with live music and dance from around the world. Sixteen individual businesses are now open at the market, and six more are coming soon.

Starting next month, Alaska Airlines will explore charging extra for main cabin seats with more legroom and creature comforts.

Sandor Weisz / Flickr

The Idaho Department of Transportation (ITD) is reminding drivers to remove their studded tires this spring. Idaho law says use of studded tires is only legal between October 1 and April 30, and people caught with them beyond that date could be fined $67.

Studded tires have small metal cleats embedded in the rubber to provide traction on snow and ice.

job fair
Emilie Ritter Saunders / Boise State Public Radio

Idaho's unemployment rate fell to 3.8 percent in March with 5,400 workers finding jobs in the largest one-month increase on record.

The Idaho Department of Labor in a news release Friday says total employment in the state also set a record by going above 757,000 for the first time.

The agency says the state's unemployment remained at a seven-year low as businesses expanded payrolls.

The agency also says the percentage of working-age adults with jobs or looking for work rose to 63.5 percent.

SkyWest, airplane, airport
Aero Icarus / Flickr Creative Commons

SkyWest Airlines has announced it will soon offer jet flights between West Yellowstone and Salt Lake City to connect passengers with Delta flights.

The Delta Connection flights, operated by SkyWest, will begin in June. The airline says it will run flights twice a day from Thursday through Monday and once each day on Tuesdays and Wednesdays.

The global economy won't sink this year, thanks to the oceans of cheap oil keeping it afloat.

That's the bottom line of the World Economic Outlook, released Tuesday by the International Monetary Fund. The 2015 pace of economic growth will tick up to 3.5 percent, helped along by lower energy costs and weaker currencies.

npr.org/blogs/money

Truck driver is the most common job in most states, including here in Idaho, according to NPR's Planet Money team.

Effort To Raise Idaho's Minimum Wage Focuses On North Idaho Town

Apr 6, 2015

The Coeur d'Alene Press reports a former lawmaker and minimum wage increase advocate Anne Nesse has submitted paperwork to get a minimum wage increase on the local ballot. Voters may have the chance to raise the local minimum wage from $7.25 an hour to $8.75 in 2016, then $10.25 in 2017.

Northwest asparagus fields are sprouting about 10 days earlier than usual this spring. It’s in time for Easter brunch, but a headache for farmers.

Dennis S. Hurd / Flickr Creative Commons

This story was updated at 5:44 p.m.:

An Allegiant Air pilots' strike was averted after a judge blocked the walkout late Wednesday afternoon. The strike was set to happen Thursday.

Original post:

Allegiant Air passengers may have to make alternate travel plans because the budget airlines' pilots plan to strike beginning Thursday. The strike could impact flights across the country, including in Idaho.

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