Here is a roundup of economic news compiled by the Idaho Department of Labor in May:
Northern Idaho
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North Idaho College has surpassed its $100,000 fundraising goals for a science wet laboratory at its new satellite campus in Sandpoint. The drive has raised $135,000 so far, enabling the school to set up the lab this summer in time for the fall semester. Students on the satellite campus can complete two-year programs and potentially earn bachelor’s degrees. With the new laboratory, students in Sandpoint will never have to leave that campus to get their associate degrees.
- Engineering and development work has been started as part of Potlatch Corp.’s capital improvement project at its St. Maries Complex this year. A new warehouse and equipment upgrades to improve efficiency are among the projects to help local mills remain competitive.
- The Idaho Land Board has approved a timber sale plan for 2014 that calls for 249 million board feet to be harvested from state endowment lands – the highest logging level in more than a decade. The plan increases the harvest of recent years by 2 million board feet. The economic downturn brought significant drops in prices starting in 2008. But rising demand and a shortage of private timber is improving prices.