Economy

A new measure backed by Idaho Power Co. would allow business owners to resell public utility electricity to electric car drivers.

The House State Affairs Committee voted Tuesday to introduce a bill permitting companies to buy the electricity from a public utility and then resell it to charge electric car batteries.

Rich Hahn from Idaho Power says that current state law prevents reselling electricity provided by a public utility. This means businesses are footing the bill for having electric car charging stations.

David G. Steadman / Flickr Creative Commons

A new study says the five tribes of Idaho play a major role in the state’s economy. The study was put together by University of Idaho research economist Steve Peterson. It says the five tribes have a $1.1 billion annual sales impact on the Gem State’s economy.

The five tribes collectively raise the gross state product by $653 million, or about 1 percent of the gross state product in 2013.

Steve Peterson says a big portion of the money comes from tribal casinos, which have also helped to foster partnerships with local businesses and governments.

Allegiant Adds Nonstop Boise To Los Angeles Flight

Feb 24, 2015
Allegiant Air

Low-cost airline Allegiant announced Tuesday morning it will offer a nonstop flight from Boise to Los Angeles beginning June 5.

Allegiant already operates direct flights from Boise to Las Vegas.

The airline's new Boise to LA flight will be offered twice each week, with one-way fares starting at $43.

Oil companies in North Dakota are looking for the fastest and cheapest way to get their product to refineries, and they've set their sights on moving more of their product by rail to the Northwest.

There are six new oil terminals proposed for Washington state. Half of them could be built in the small communities around Grays Harbor, a bay on the Pacific coast about 50 miles north of the mouth of the Columbia River.

Kyle Green
Courtesy Idaho Statesman

Boise State University football coach Bryan Harsin has a new contract that pays him $6.25 million over five years.

The Idaho State Board or Education on Thursday approved the deal for Harsin who in his first season last year guided the Broncos to a 12-2 record and a Fiesta Bowl win.

The new deal replaces a previous contract that awarded Harsin a one-year extension for winning nine or more games.

The new agreement awards a one-year extension for eight or more wins.

Washington State Department Of Transportation / Flickr Creative Commons

The continuing labor dispute between a West Coast dock workers union and the Pacific Maritime Association is causing headaches for Idaho businesses. Twenty-nine ports in California, Oregon and Washington have been impacted by shutdowns.

Amazon.com provided a rare look Friday inside one of its gigantic, high tech warehouses.

Dave Hosford / Flickr Creative Commons

Idaho liquor sales are up.

Idaho State Liquor Division Director Jeff Anderson says sales of distilled spirits in fiscal year 2014 that ended in July went up 4.8 percent over the previous year.

The Spokesman-Review reports that Anderson told lawmakers on the Joint Finance-Appropriations Committee that proceeds reached $63 million.

Anderson in his presentation Friday attributes some of the increase to Washington state residents driving across the border to buy cheaper booze.

John Milner / Flickr Creative Commons

When it comes to determining America's best ski towns, it's not always about the best powder or accommodations. 

For the second year, real estate information company RealtyTrac has published a list of the best ski towns for investing. Three Idaho spots make this year’s list. 

Adam Cotterell / Boise State Public Radio

Every year in late January volunteers around the country, and across Idaho, take to the streets to ask people experiencing homelessness where they slept on a particular night. It's a difficult task because people who sleep in their cars or in parks -- known as unsheltered homeless -- can be hard to find. But the numbers volunteers come up with are important because they're used for things like setting federal funding for local homeless programs.

Oregon could leapfrog Washington to have the highest state minimum wage in the country if the Democratically-controlled legislature approves a proposed increase.

The state of Washington announced a new confirmed case of avian flu in a wild duck in Whatcom County Friday.

Frankie Barnhill / Boise State Public Radio

President Barack Obama got an up-close look this week at some of the technology and business partnerships being created in Boise. During his speech at Boise State, Obama said the university's New Product Development Lab is putting the Treasure Valley on the "cutting edge of innovation" and is helping to build Idaho's economy. 

The steep drop in oil prices is helping to pad the bottom line of Seattle-based Alaska Airlines. But don't expect lower fares on the horizon.

During his stop at Boise State University Wednesday, President Barack Obama will visit a lab that helps local entrepreneurs and industries build prototypes of their products to help get them into the marketplace.

Obama will visit the College of Engineering’s New Product Development Lab. It’s managed and run by the College of Business and Economics. 

Idaho Wine Commission

Idaho wine growers have good reason to say "cheers" these days. According to research from Stonebridge Research Group, the number of wine cases bottled in 2013 increased 76 percent from the previous year. In 2013, Idaho vintners produced 234,000 cases in 2013 up from 179,000 in 2012. The Idaho Wine Commission paid for the study.

The number of Idaho wineries has also grown. In 2002 there were 11 wineries in the state, now there are 51.

On the face of it, the new potato varieties called "Innate" seem attractive. If you peel the brown skin off their white flesh, you won't find many unsightly black spots. And when you fry them, you'll probably get a much smaller dose of a potentially harmful chemical.

But here's the catch: Some of the biggest potato buyers in the country, such as Frito-Lay and McDonald's, seem afraid to touch these potatoes. Others don't even want to talk about them because they are genetically modified organisms, or GMOs.

Boise State Public Radio

The Idaho lawmaker who has the power to kill tax bills says there will be no new tax breaks unless beginning teacher salaries boost to $40,000 a year.

Republican Sen. Jeff Siddoway threatened to hold proposed tax cuts hostage in order to get more funding for Idaho's public schools even before the legislative session kicked off on Monday. Siddoway sharpened his demand on Tuesday, saying teacher salaries must increase sooner than what Gov. C.L. "Butch" Otter has outlined.

Idaho Gets D- For State Support Of Higher Education

Jan 12, 2015
Young Invincibles

A national group working to engage young people on issues like education and health care gives Idaho a D- when it comes to state support for higher education.

Kevin Rank / Flickr Creative Commons

Idaho’s annual legislative session starts next week, but some lawmakers are already at work. Each year, just before the session, a group of lawmakers meets to try and get an idea of what Idaho’s economy will be like in the coming year. They use what they hear to inform their budgeting decisions.

Of course, what the state’s economy will do in the future is something that’s important to most everyone in Idaho, not just lawmakers. So here’s a preview of what legislators will hear.

Pages