CDA 2030 has contracted with a Chicago-based consulting firm to conduct a market analysis and feasibility study for a potential performing arts and events center in Coeur d’Alene. The study is being jointly funded by CDA 2030 and the city’s urban renewal agency, Ignite CDA. CDA 2030 is a community-based project created to develop a vision for a bright future for greater Coeur d’Alene. Source: Spokane Journal of Business
Coeur d’Alene’s urban renewal agency, Ignite CDA, has proposed creating a new redevelopment district. The proposal specifies a new district of 54 acres in west Coeur d’Alene along the Spokane River. Source: Spokane Journal of Business
Construction has begun on a new 47-unit apartment complex in Coeur d’Alene. The rentals, located across the street from the city library, will be marketed to middle- and upper-income tenants. Source: Spokane Journal of Business
Construction is underway on a new two story commercial building in Coeur d’Alene’s Riverstone development. The Coeur d’Alene-based Orthopedic Physical Therapy Institute will occupy the ground floor while the second floor remains available for a future tenant. Source: Spokane Journal of Business
In the summer of 2017, thousands of Idaho teens took jobs. But the percentage of teens participating in the labor force remains far below its level in earlier decades. In Idaho, just as nationwide, there’s been a long-term decline in teen participation. Does that decline matter?
Summer jobs in Idaho typically peak in July. In the past four summers, Idaho employers added an average 12,600 jobs between April and July. Only one sector usually decreases employment between April and July – education. Between 2014 and 2017, it lost an average of 8,500 jobs between those months. The sectors that typically add the most summer jobs are leisure and hospitality — restaurants, hotels and recreational facilities; federal agencies — the Forest Service and Bureau of Land Management; retail — especially gas stations, convenience stores and specialty stores serving tourists; and wholesale — especially those serving the construction, forestry and agricultural industries.
Many of those jobs are taken by teens. Between the second and third quarters of 2016, the number of 14- to 18-year-olds on Idaho payrolls grew from 18,531 to 26,069, according to the Census Bureau’s Quarterly Workforce Indicators.
Monday, Jan. 15, Idaho joins with the nation to recognize the contributions of Dr. Martin Luther King Jr. to celebrate MLK / Idaho Human Rights Day. Organizations throughout Idaho are holding events and offering activities to celebrate.
MLK Day marks the recognition of the birth and life of the Baptist minister and noted civil rights leader. National legislation passed in 1994 encouraged Americans to transform the annual holiday into a day of citizen action in honor of King. Those who have the day off from work are asked to “make it a day on, not a day off” by participating in one of the many day of service activities across Idaho. All events take place Jan. 15 unless noted otherwise.
Construction has begun on a $7.3 million parking structure in downtown Coeur d’Alene. The 360-space garage is being spearheaded by the city’s urban renewal agency, Ignite CDA, which notes that constrained parking space presents a barrier to the redevelopment of many properties downtown. Source: Spokane Journal of Business
A $6 million medical building is under construction in the Riverstone development in Coeur d’Alene. North Idaho Dermatology will occupy part of the building when it is completed later in 2018. Source: Spokane Journal of Business
Kootenai Health has begun a $4.3 million renovation involving at least 17,000 square feet and three departments in its main hospital building in Coeur d’Alene. Source: Spokane Journal of Business
SmaK Plastics – a Vancouver-based manufacturer with a facility in Coeur d’Alene – announced plans to expand its northern Idaho workforce. SmaK currently employs 18 people in its Coeur d’Alene facility, but plans to expand to roughly 40 by the second quarter of 2018. Source: Spokane Journal of Business
The agricultural sector in Idaho plays a major role in the state economy, contributing $3 billion – about 5 percent of the total state gross domestic product.
Idaho is ranked first in the nation in the production of potatoes and barley – the state production accounts for more than 30 percent of the national production – and ranks fourth in the nation for milk and milk cow production. Farm productivity continues to advance and exports are increasing, yet farm income has fallen over the past several years. In the face of declining profit margins, low agriculture commodity prices and a farm labor supply shortage, the farmworker demographic is undergoing a change.
Agricultural Labor Worker Types
Source: Idaho Department of Labor
Agricultural labor estimates show a stable and consistent pattern of seasonal farm employment with peaks around October each year. In 2016, average annual employment was 51,240 with a peak employment of 61,100 in October 2016. Continue reading →
The retail industry has been on a roller coaster ride over the past 25 years with a slightly negative trend line as shown in Figure 1. The housing bubble created tremendous demand for household furnishings and goods, which then plummeted with the Great Recession that caused shuttering of a handful of furniture stores and car lots in Twin Falls. Small retail businesses throughout south central Idaho suffered from the economic downturn ending in fewer local retail outlets available in rural areas.