Economy

Molly Messick / StateImpact Idaho

Gov. C.L. “Butch” Otter has signed off on more than $5.5 million in grant awards to Idaho communities.

Otter followed the guidance of the Idaho Economic Advisory Council in his decisions, approving all 18 grant proposals that the council recommended for funding.

Twin Falls will receive $500,000 in federal Community Development Block Grant dollars to upgrade its water system.  Continue reading...

Magic Valley Dairymen Eager For Expansion

May 3, 2012
Dave Young / Flickr

Idaho dairy farmers have been struggling with high feed costs and low milk prices for years.  The Times-News reports dairymen in the Magic Valley are optimistic about expanding and new producers in the area, namely Chobani.  Continue reading...

Emilie Ritter Saunders / StateImpact Idaho

The state of Idaho will give up an estimated $845 million this year in the form of tax credits and exemptions.  And only a select few at the Idaho Tax Commission know exactly where that money goes.

USTR

Wednesday marks World Trade Day in Idaho.  Companies throughout the state sold nearly $6 billion worth of exports last year.   That’s about 10% of everything Idaho produces.  As part of the day’s events, Boise State hosts a top U.S. trade negotiator.  Ambassador Isi Siddiqui will highlight international trade and American jobs.   

Jobless In Idaho: Ten Weeks To Find Work

Apr 30, 2012
Molly Messick / StateImpact Idaho

Idaho’s economic picture has begun to brighten, but the state has yet to make up the jobs it lost in the downturn.  Many in Idaho have watched their months of unemployment add up.  Single mom Kelly Barker is one of them.  She just reached an anniversary she’d rather not observe.  It has now been a full year since she lost her job.  After several months of temp work, Barker is back to the full-time job search, and back to unemployment benefits. Continue reading.

Tests results this week confirmed mad cow disease in California.  This announcement could have an economic impact on Idaho’s beef industry. 

Updated Monday, April 23, 2012:  Idaho National Laboratory suspended some work last week at a complex where nuclear fuel and other research takes place.  This comes after a small roof fire and a crane accident at its Materials and Fuels Complex.  Over the past few months,  a number of safety incidents have occurred there.

Idaho’s Jobless Rate Dips Below 8 Percent

Apr 20, 2012
Job fair, unemployment
Emilie Ritter Saunders / StateImpact Idaho

Idaho’s seasonally adjusted unemployment rate for March dropped below 8 percent to 7.9 percent. The Idaho Department of Labor reports that’s the first time the state’s jobless rate has dipped below 8 percent in more than two years.  Still, almost 62,000 Idahoans are out of work.

A day after Oregon delivered a virtually unchanged monthly jobs report for March, neighboring Washington did the same. Washington's employment department pegged the state's unemployment rate last month at 8.3 percent. That's the same as the revised rate for February.

Scott Ki / Boise State Public Radio

The lead up to the opening of a Nordstrom Rack in Boise last week turned into a mash-up of gift cards, cocktails, and social media. Twitter traffic was high and it raised questions over whether Nordstrom and tweeters followed Federal Trade Commission guidelines on endorsements.  There’s a lot of fuzziness when it comes to these guides.

Buzz is good in the public relations and marketing world.  High Twitter traffic and Facebook likes are to social media gurus what candy is to that clichéd baby.

Trade Mission To China Showcases Unexpected Idaho Businesses

Apr 17, 2012
Moxie Java

The most recent trade mission to China organized by the state Department of Commerce and headlined by Gov. C.L. “Butch” Otter is underway this week.

Computer and electronic products make up the lion’s share of Idaho’s exports to China, but that sector isn’t represented in the lineup of 15 Idaho companies working to explore and strengthen trade ties.

Sadie Babits / Boise State Public Radio

Southern Idaho ski areas are wrapping up their seasons.  Bogus Basin and Sun Valley have closed their lifts.  Brundage has one more weekend, possibly more, if the snow holds.  This ski season has been a trying year for them.   

Even In Down Economy, Northwest Draws New Residents

Apr 13, 2012
Chris Lehman / Northwest News Network

The Northwest has long been a draw for people moving here from other parts of the United States. That continues to be a key driver of the region’s economy. Despite high unemployment rates, Oregon and Washington still lure folks from the Midwest and elsewhere. And they bring in new money and job skills.

Ted Layman lives in Oregon. He almost didn't end up there, though. He almost moved to Chicago.

"Great place to visit and enjoy," Layman says. "But the noise, the congestion of people …"

Report: Idaho Tax Collections Increase More Than Most States

Apr 12, 2012
401K / Flickr

Idaho is one of nine states that saw tax collections increase more than ten percent from fiscal year 2010 to 2011.

A new U.S. Census Bureau Report looks at state tax collections for the fiscal year that ended June 30, 2011.

Last fiscal year, all 50 states reported an increase in tax collections, a dramatic change from fiscal year 2010 when just 11 states reported increases.  Continue reading...

Idaho Statesman

Governor C.L. “Butch” Otter and Idaho commerce and business officials are preparing for their week-long trip to China.  The trade mission takes off this Saturday.

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