Tag Archives: economic activity in Idaho

Around Idaho: Economic Activity in July 2020

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern Idaho
Eastern Idaho

 

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone Counties

Benewah County

  • The annual Paul Bunyan Days festival in St. Maries has been cancelled due to COVID-19. The four-day event is normally held around Labor Day to celebrate St. Maries’ logging community. This is the first time in the 51-year history of the festival that it has been cancelled. Source: Coeur d’Alene Press

Kootenai County

  • The Panhandle Health District approved a public mask mandate for Kootenai County. The mandate will make it a misdemeanor to be in public places without a mask in situations where social distancing is not possible. Source: Coeur d’Alene Press
  • StanCraft has expanded its development plans at the Coeur d’Alene Airport to include an additional hanger. The Hayden-based company has been building facilities for the retrofitting and customization of jet interiors, with two previously planned hangers expected to come online this fall and a new third hanger now planned for 2021. Source: Journal of Business
  • Fernan Lake has been placed under a public health advisory due to a toxic algae bloom. Residents and recreators have been advised to avoid contact with the water until the algae have subsided. Source: Spokesman Review

Openings

Coeur d’Alene

  • Fern Plant Shop
  • Carl’s Jr.
  • Coeur Vitality Integrative Medicine
  • Wine House CDA
  • Haberdashery

Post Falls

  • New York Pizza Dept

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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COVID-19 Impacts Idaho’s Older Workers

The 416,000 Idahoans who are in their 50s and 60s face many challenges because of the coronavirus economic impact.

Loss of business income. The COVID-19 pandemic has greatly reduced revenues of many Idaho businesses. It also is likely to lead to the permanent closure of some businesses, especially restaurants, entertainment operations, lodging and retail stores. Since older adults are more likely to run their own businesses, they are disproportionately impacted. According to the Bureau of Labor Statistics, about 24 percent of American workers 65 years and older are self-employed, while 15 percent of workers 55 to 64 years are self-employed. In comparison, 8 percent of workers under 55 are self-employed.

Joblessness. About 16 percent of Idaho’s 162,000 payroll workers 55 years and over filed new unemployment insurance claims between March 15 and June 13. Some returned to work within a month, but others experienced two or three months of joblessness.

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Around Idaho: Economic Activity in June 2020

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern Idaho
Eastern Idaho

 

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone Counties

Kootenai County

  • Coeur d’Alene internet provider Intermax Networks has expanded into the Spokane market by acquiring Telwest Inc., a Spokane-based telecommunications provider. Source: Journal of Business
  • Kootenai County is on the shortlist of potential sites for a new manufacturing plant KORE Power – a battery manufacturer – is planning to build in the United States. KORE’s corporate operations are already located in Coeur d’Alene, but their manufacturing operations are currently in China. KORE plans to build a new plant in the United States which will employ roughly 3,000 people once fully operational. Source: CDA Press

Shoshone County

  • A new report from the Environmental Protection Agency highlighted the successful completion of a variety of cleanup projects related to the Bunker Hill Superfund Site and laid out plans for an additional $20 million in cleanup work and construction through the end of 2020. Source: CDA Press

Regional openings

  • Northwest Softplay in Post Falls
  • A&R Metalworks in Dalton Gardens
  • Jitterz Espresso in Hayden

Coeur d’Alene openings

  • CDA Marine Sports
  • Pokeworks
  • Camfit CDA
  • Burger King
  • StretchLab
  • Lean Kitchen

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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Around Idaho: Economic Activity in May 2020

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern
Eastern Idaho

 

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone Counties

Bonner County

  • Schweitzer Mountain Resort executives are unveiling plans for $85 million in new development, including new runs, lifts and a previously planned boutique hotel. Resort executives said expansion is justified by robust annual attendance figures. Completion of the new hotel was slated to accommodate the opening of the 2020-21 ski season, but construction has been delayed due to COVID-19. Source: Spokane Journal of Business

Boundary County

  • The Kootenai Tribe has reopened the Kootenai River Inn Casino after nearly seven weeks of being closed due to COVID-19. The tribe paid all employee wages, including tips, during the shutdown and used the downtime to conduct improvements to the facility’s parking lot, swimming pool and casino space. Source: Coeur d’Alene Press

Kootenai County

  • Downtown Coeur d’Alene is in the process of reopening according to the guidelines issued by the governor’s office. Restaurants have opened dine-in service with reduced capacity, and the Coeur d’Alene Resort has re-opened. Source: Coeur d’Alene Press
  • The Salvation Army’s Kroc Center has re-opened after the extended COVID-19 shutdown. Gym and swimming facilities will operate at a reduced capacity to limit crowding, and hours will be modified to accommodate an intensified cleaning schedule. Source: Coeur d’Alene Press
  • Silverwood Theme Park has announced plans to open May 30, with a variety of alterations to reduce crowding. Changes include limited daily attendance, complementary masks and reconfigured waiting lines. Source: Coeur d’Alene Press

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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Around Idaho: Economic Activity in April 2020

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern
Eastern Idaho

 

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone Counties

Benewah County

  • The Federal Communications Commission has approved $521,000 in funding for Red-Spectrum Communications, a broadband provider owned by the Coeur d’Alene Tribe, to expand access in Benewah County. Source: Journal of Business

Bonner County

  • The U.S. District Court has approved Tamarack Aerospace’s proposed reorganization plan. The Sandpoint winglet manufacturer has been pursuing a reorganization to allow it to emerge from ongoing Chapter 11 bankruptcy. Source: Journal of Business
  • Percussionaire, a Sandpoint manufacturer, has received clearance from the Food and Drug Administration to produce and distribute a new compact ventilator. The company has also massively ramped up production, from their typical rate of roughly 100 ventilators a month, to more than 1,000 per week. Source: Coeur d’Alene Press

Kootenai County

  • Local food banks are facing significantly higher needs from the community in the wake of COVID-19-related job losses. The Kroc Center and the Silver Lake Mall are now hosting distribution of food as well as personal protective equipment and hygiene products. Source: Coeur d’Alene Press
  • Despite economic disruption from COVID-19, some construction has proceeded apace in Kootenai County. The Atlas Mill Site development project is moving forward, although construction has not yet begun, and commercial construction in Hayden is still occurring. Source: Coeur d’Alene Press
  • The Coeur Group, a volunteer group of professionals in Kootenai County, is providing a variety of services to affected residents through their COVID-19 task force. Services include running errands for health-compromised individuals who cannot go out in public, in addition to providing financial assistance to households struggling to meet basic expenses. Source: Coeur d’Alene Press

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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Around Idaho: Economic Activity in March 2020

This March edition of “Around Idaho” was postponed due to unexpected delays caused by the COVID-19 pandemic. This article is being published to provide a record of the economic climate across the state during March 2020.

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern
Eastern Idaho

 

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone Counties

Kootenai County

  • Effective Monday, March 23, all restaurants and bars in Post Falls, Coeur d’Alene and Hayden were closed to dine-in customers for two weeks to improve social distancing measures in response to COVID-19. Drive-thru and pickup service is still allowed. Source: Coeur d’Alene Press
  • The Coeur d’Alene Public Library announced an indefinite closure due to COVID 19 on March 16. On March 21 they announced the suspension of curbside book pickup, out of concern that it was encouraging people to gather outside the library. Patrons were instructed to hold on to items currently on loan until the library reopens. Source: Coeur d’Alene Press
  • Mountain West Bank has closed the lobbies in all its Idaho facilities. Drive thru banking service will still be available. (Source: Coeur d’Alene Press)
  • Area schools are closed to prevent the spread of COVID 19. Public school districts are closed until conditions improve, according to the State Board of Education criteria. CDA Charter Academy and North Idaho STEM Charter Academy have both transitioned completely to online learning. Source: Coeur d’Alene Press

Openings

  • Bi-Mart, Rathdrum
  • Doggy Style Pet Grooming, Coeur d’Alene

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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Regional COVID-19 Pandemic Weekly Update – April 17, 2020

The COVID-19 (coronavirus) pandemic has created unprecedented disruptions to the economy. Each week in March brought news and developments that were historic and overshadowed the previous week’s developments. It has been impossible to keep up with the magnitude and volume of the economic impact affecting Idaho and its regions.

To document this event in Idaho, and the changes our state is experiencing from week to week, the Idaho Department of Labor is providing a weekly update. Pertinent events and data as it becomes available will be provided for each region in Idaho, the state as a whole and the context of the national economy.

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Regional COVID-19 Pandemic Weekly Update – April 9, 2020

The COVID-19 (coronavirus) pandemic has created unprecedented disruptions to the economy. Each week in March brought news and developments that were historic and overshadowed the previous week’s developments. It has been impossible to keep up with the magnitude and volume of the economic impact affecting Idaho and its regions.

To document this event in Idaho, and the changes our state is experiencing from week to week, the Idaho Department of Labor is providing a weekly update. Pertinent events and data as it becomes available will be provided for each region in Idaho, the state as a whole and the context of the national economy.

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Around Idaho: Economic Activity in January 2020

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern
Eastern Idaho

 

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone Counties

Kootenai County

  • Aspen Homes & Development has begun construction on a 20-unit apartment complex in Coeur d’Alene. The units will be roughly 1,200 square feet and priced around $1,400 per month. Source: Journal of Business
  • Idaho’s first “Holistic Chamber of Commerce” has opened in Post Falls. The chamber will target specifically environmentally friendly companies, ideas and products, with the self-described mission of representing “holistic professionals, practitioners, businesses and resource providers.” Source: Coeur d’Alene Press
  • Mainstream Electric, an electric, heating, cooling and plumbing company, is vacating its facility in Post Falls and moving its operations across the Washington border. The company, which employs 42 people, experienced 94 percent growth between 2015 and 2018, and has outgrown its space in northern Idaho. Source: Coeur d’Alene Press

Shoshone County

  • Hecla Mining Company and miners of the United Steelworkers Union 5114 have agreed to a new labor contract, ending a strike lasting 1,030 days. Hecla plans to bring workers back in phases and hopes to bring the Lucky Friday mine back up to full production this year. Source: Shoshone News-Press

Openings

    • Coeur Climbing in Coeur d’Alene.
    • Stillano Gelato in Coeur d’Alene.
    • Cock-A-Doodle Brew in Coeur d’Alene.
    • The Paint Buzz in Dalton Gardens.

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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Census of Agriculture Highlights South Central Idaho’s Shifting Farm Picture

The number of farming operations and the acres of land under farm production in the U.S. peaked in 1935, trending downward since except for a slight uptick from 2012 to 2017. But in south central Idaho, the number of acres in farming is stable and even experienced some growth since the 2007 recession, according to the most recent Census of Agriculture, a survey conducted every five years by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).

The Census of Ag is comprehensive across geographies, providing data on the nation, the 50 states and counties within each state. Data is gathered from surveys mailed to farmers and ranchers with thousands of acres and hobby farmers who only sell a couple of steers annually to friends and family.

The Census of Ag provides the only source of uniform, comprehensive, and impartial agriculture data for every county in the nation. This data is also a ‘go-to’ for those who serve farmers and rural communities including federal, state and local governments, agribusinesses, trade associations, and agricultural support companies.

The NASS definition of a farm is any place from which $1,000 or more of agricultural products were produced and sold, or normally would have been sold, during the census year. This threshold is unchanged since 1975.

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