Economy

Business
1:25 pm
Fri June 27, 2014

6 Unique Things You'll Find At The Boise International Market

Habiba Abdullah prepares a Somali meal. Abdullah owns a grocery store in the market and her sons co-own the restaurant Taste of Africa.
Credit Photo Courtesy International Market

The Boise International Market is set to open its doors sometime in August. It will start out with 17 micro-businesses selling products from around the world. Developers hope to add more vendors soon after it opens.

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Trends
10:15 am
Thu June 26, 2014

How Madison County, Idaho Became The Youngest Place In America

About 25,000 people live in Rexburg, Idaho. This is a view of downtown.
Credit Ken Lund / Flickr Creative Commons

New federal population figures out Thursday show the nation’s youngest county is in the midst of eastern Idaho's potato country. Madison County, Idaho.

To give you a comparison, the median age of the United States is almost 38. The median age of Madison County is 23-years-old. That’s the lowest in the country. And there’s one big reason.

Madison County is home to Brigham Young University-Idaho.

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Business
12:06 am
Thu June 26, 2014

Boise Entrepreneurs Hope Their Diverse Market Brings Idahoans Closer To Global Cultures

By day, Miguel Gaddi is an architect, and Lori Porreca, a planner But their passion is their side business, the Boise International Market.
Credit Adam Cotterell / Boise State Public Radio

A construction crew is busy renovating a dilapidated strip mall on the Boise bench. It’s just a big empty space with torn up floors, but by August this will be the Boise International Market. Lori Porreca is building the market along with her partner Miguel Gaddi.

The market will be home to many small businesses, each in stalls. There will be 17 when it opens and more added later. As Gaddi stands in the main entrance of his construction project, he describes what it will be like.

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Business
1:28 pm
Wed June 25, 2014

How Saving One Small Town Idaho Bookstore Might Hurt Another

Credit Kate Ter Haar / Flickr Creative Commons

A Ketchum bookstore will stay in business thanks to donations from its community. Last month, we told you ago about Iconoclast Books owner Sarah Hedrick and her Indiegogo campaign to save her store.

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Economy
4:09 pm
Tue June 24, 2014

Idaho Revamps Often-Criticized Worker Training Program

Idaho's Labor Dept. Director Ken Edmunds highlights details of the revamped program with Gov. Otter at his side.
Credit Emilie Ritter Saunders / Boise State Public Radio

Acknowledging Idaho's economic development "sins of the past" Tuesday, Gov. C.L. "Butch" Otter unveiled a revamped business incentive program that was once touted as a job creator, but Otter now wants it viewed as a way to train workers for high-skill jobs. 

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Agriculture
6:27 pm
Fri June 20, 2014

Northwest Wheat Harvest Could Be Down This Summer

Farmers in Oregon, Idaho and Washington are expected to harvest less wheat this summer. The weather forecast has a lot to do with it.

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Economy
10:57 am
Fri June 20, 2014

Idaho's Jobless Rate Hits 6 Year Low

Credit OSJOBFAIR / Flickr Creative Commons

Idaho’s jobless rate has dipped below 5 percent for the first time in almost six years. 

The Idaho Labor Department reports May’s seasonally adjusted jobless rate was 4.9 percent, that's as total employment grew by 1,000 jobs from April to May.

In May of 2013, nearly 50,000 Idahoans didn’t have jobs. This May, about 38,000 people were out of work.

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Boise
2:38 pm
Fri June 13, 2014

Boise Mayor: New Jobs Coming To Airport, Pitches New Fire Bond

Credit Dave Bieter's Facebook Page / City of Boise

Boise Mayor David Bieter announced Friday that SkyWest Airlines is opening a maintenance facility at the Boise Airport.

During his annual State of the City speech, Bieter said the facility will use an existing hangar at the Jackson Jet Center. “While we’re not sure yet the total number of jobs, we do know they will be able to service three large planes every night,” Bieter says. “And the wages they will pay will serve a family well.”

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Taxes
3:17 pm
Fri June 6, 2014

Use This Calculator To Figure Out Your Idaho Property Taxes

Credit liz west / Flickr Creative Commons

Property values in Ada and Canyon Counties went up substantially this year. Chances are, if you own a house here you’ve received a letter from the county assessor saying your home is worth more. In Ada County the average increase was 18 percent.

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Housing Market
2:51 pm
Tue June 3, 2014

Data: See The Change In Ada County Property Values

Click on the chart to enlarge the image.
Credit Data: Ada County Assessor | Chart: Adam Cotterell

Property values in Idaho's most-populated county went up between 2013 and 2014 in a big way. This is the second year in a row Ada County's property values increased. Of course those increases are on the heels of four-straight years of decline after the housing bubble burst.  

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Jobs
1:16 pm
Tue June 3, 2014

Idaho's Chobani Plant Laying Off Workers

Credit TBiley / Flickr Creative Commons

Greek yogurt maker Chobani is laying off workers at its south-central Idaho plant.

Chief Marketing Officer Peter McGuinness tells The Times-News the lay-offs include temporary workers as well as some regular workers.

He declined to say how many workers are being let go, but he says about three-quarters are temporary workers.

He says the plant has hit its production target and is making shift changes Tuesday and Wednesday.

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Housing Market
12:04 pm
Mon June 2, 2014

As Ada County Home Values Go Up, Assessor Doesn’t See A Bubble Looming...Yet

Credit Paul VanDerWerf / Flickr Creative Commons

If you own a home in Ada County, you may have received a letter in the mail last week from the county assessor’s office. And that letter probably said your property value had gone up, maybe even substantially.

That's good news for those wanting to sell their house or those who’ve been underwater on their mortgage. But the increases could mean higher taxes, and it could actually be bad news for the economy. 

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Jobs
2:07 pm
Fri May 30, 2014

$4.2 Million Available For Displaced Idaho Workers

The federal government is providing $4.2 million of federal assistance to workers recently laid off at the J.R. Simplot Company and an Idaho Falls call center.

The U.S. Department of Labor announced Thursday that $2.6 million will be available for the 435 workers who were laid off from August 2013 to April of this year at J.R. Simplot facilities.

Another $1.6 million will be allocated to the nearly 200 workers who were affected by a March 31 closure at Center Partners call center in Idaho Falls.

Business
9:55 am
Fri May 30, 2014

Boise Company BMC Announces It's Leaving for Atlanta

A Boise-based construction supply and services company says it's moving its headquarters to Atlanta because it wants access to a larger population and better airline service.

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Business
12:53 pm
Wed May 28, 2014

Ketchum Bookstore Asks Community To Save It From Bankruptcy

Inside Iconoclast
Credit Sarah hedrick

Ketchum’s Iconoclast Books has been a fixture in the community for 20 years. But next month, the store will permanently close its doors unless owner Sarah Hedrick can raise $85,000 to pay off debts.

Hedrick and her late husband Gary Hunt were partners in their bookstore. They each had different jobs. Hedrick says she had all the fun ones.

“Buying and merchandising and finding new lines, that kind of stuff,” Hedrick says. “And he was definitely the person in the office.”   

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Airports
11:08 am
Fri May 23, 2014

Central Idaho Airport Runway Opens On Time

Hailey, Idaho
Credit Hailey, Idaho / Flickr

Runway work at a central Idaho airport that serves the resort area of Ketchum and Sun Valley has been completed.

Friedman Memorial Airport officials in Hailey tell the Idaho Mountain Express that the runway opened Thursday.

The work involved moving a taxiway 70 feet away from the runway.

Workers shut down the runway on April 22 as part of a $34 million project intended to meet Federal Aviation Administration safety requirements. Most of the cost is being covered by a series of federal grants.

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Agriculture
7:35 pm
Fri May 16, 2014

New Organic Fertilizer Less Smelly, More Popular With Farm Workers

Alan Schreiber is an organic and research farmer. He’s testing a new better-smelling organic liquid fertilizer at his farm near Eltopia, Washington.

When you think organic, you probably visualize fresh, sweet-smelling fruits and vegetables. But what makes that delicious organic produce grow?

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Economy
6:17 pm
Fri May 9, 2014

Large Cruise Ships Call On Small Northwest Ports To Fill Out Itineraries

The Norwegian Pearl at port in Astoria, Oregon in May 2013.

Cruise season has begun in the Pacific Northwest with the arrival of gleaming cruise ships. They'll be steaming back-and-forth to Alaska all summer from Vancouver and Seattle.

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Agriculture
9:49 am
Thu May 8, 2014

Farms In Northwest Fewer In Numbers, But Bigger And More Valuable

File photo of calves at a dairy operation in southern Idaho.

Originally published on Wed May 7, 2014 7:00 pm

According to newly-released data from the USDA's agricultural census, the number of farms in the Northwest is dropping.

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Economy
5:00 pm
Fri May 2, 2014

Idaho Governor Otter Unveils New Economic Development Plan

Idaho Gov. Butch Otter.
Credit State of Idaho

 Idaho Gov. C.L. "Butch" Otter is launching an initiative he says will boost economic development using planning collaboration but not much spending.

The governor announced the plan, called Accelerate Idaho, Thursday afternoon. The initiative establishes a checklist of areas needing improvement, including K-12 education, infrastructure and labor shortages in key industries.

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