Tag Archives: Economy

Idaho sees growth in new startup births as failure rates decline in 2025

The amount of new startups and the reopening of existing establishments — known as “establishment births” —  in Idaho exceeded the number of business applications in 2025. Startup failure rates in the state also decreased over the year, with three out of four still in business after a year, according to recent U.S. Census data.

Business applications and private establishment births

Before the pandemic, Idaho’s startups were already growing quickly — business applications and new establishment births were both up about 30% from 2015-2019. The 2020-2021 period supercharged that growth — applications rose 31% and actual business births jumped nearly 49%. Continue reading →

Around Idaho: Economic activity, April 2026

Map of IdahoInformation provided in these news updates is collected up until the end of April and includes 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 and Shoshone counties

Regional news

  • The northern region reported 91 average weekly initial unemployment insurance (UI) claims and 1,245 average weekly continuing claims during March 2026. Initial claim volume decreased 32% from the previous month and 48% from the 175 average weekly initial claims filed in March 2025. Continuing weekly claim volume in the northern region decreased 22% from February 2026 and 30% from the 1,771 average weekly claims in March 2025. Overall, weekly volume for both initial and continuing claims decreased statewide compared to last month and March 2025. Source: Idaho Department of Labor
  • The Herschend Family Entertainment Corporation completed the acquisition of Silverwood Theme Park. Silverwood is the largest theme park in the northwest and maintains a seasonal workforce of 1,200 employees. Source: Coeur d’Alene Press

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Learn about Idaho’s economy and how income is measured during Labor webinar

NEWS RELEASE

For Immediate Release: April 29, 2026
Media Contact: Samuel.Wolkenhaur@labor.idaho.gov

Idaho Department of Labor Research Analyst Supervisor Sam Wolkenhauer will discuss how income is measured and what those measurements reveal about the ways Idaho is changing during a webinar Tuesday, May 5.

Income is measured in a variety of ways including household income, wages and salary and total personal income. These measures paint a picture about the dynamic changes ongoing in Idaho, including the state’s demographics and economic growth. This webinar will also explore what the income data tells us about Idaho’s urbanization and housing market.

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Tax season brings jobs to Idaho

It’s said that there are two things in life that are certain: death and taxes. Indeed, the post-holiday January through April period is widely known for its characteristic W-2 and 1095 tax forms.

For many, Tax Day isn’t just a deadline — it’s employment. Tax Preparation Services specialize in helping people file their tax returns and every year, businesses ramp up hiring for the pre-tax season. As a seasonal industry, recruitment begins between October and December to prepare for the surge of customers in the first quarter. From January to March, employment peaks with hundreds of tax preparers hired in Idaho for the season.

After taxes are due in April, employment drops. In July through September, during the off-season, employment can be at times less than half of peak tax season. This reduced employment can be supported by activities like early filing, extended returns and tax planning.

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Economists will highlight migration, housing and work-from-home trends in upcoming webinar

NEWS RELEASE

For Immediate Release: April 2, 2026
Media Contact: Brandon.Duong@labor.idaho.gov or Seth.Harrington@labor.idaho.gov

The U.S. Census Bureau has released its first full post-pandemic sample of data for Idaho counties in its 5-year American Community Survey (ACS).

Idaho Department of Labor Economists Brandon Duong and Seth Harrington will be analyzing the released data including trends in migration, housing and work-from-home at a webinar, Tuesday, April 7.

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Around Idaho: Economic activity, March 2026

Map of IdahoInformation provided in these news updates is collected up until the end of March and includes 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 and Shoshone counties

Regional news

  • Kootenai Health will take over management of the Hagadone Medical Clinic effective July 1, 2026. The clinic serves to provide primary patient care to Hagadone Corporation health plan members and their covered dependents. Source: Coeur d’Alene Press
  • Selkirk Sport received a $30 million investment from private equity firm Bluestone Equity Partners. Selkirk Sport produces pickleball paddles, shoes and accessories. Source: Spokane Journal of Business
  • Raising Cane’s Chicken Fingers opened in Coeur d’Alene in mid-March and hired 135 employees ahead of opening day. Source: Coeur d’Alene Press
  • Knight Construction and Supply was awarded a $20 million contract by the U.S. Army Corps of Engineers to replace all 11 spillway gates at Albeni Falls Dam in Oldtown. The first replacement gate will arrive in 2027 and construction will be completed during the early 2030s. Source: Coeur d’Alene Press
  • North Idaho Classical Academy in Bonners Ferry continues to make progress on construction of the new charter school. It will initially open to 240 students in grades K-7 in August 2026. Source: Bonners Ferry Herald

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Around Idaho: Economic activity, February 2026

Map of IdahoInformation provided in these news updates is collected up until the end of February and includes 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 and Shoshone counties

Regional news

  • Axis Spine Center opened a new facility within the Northwest Specialty Hospital Network in Post Falls. The new facility provides a wide range of spine and pain management services, including diagnostics, rehabilitation services and surgical interventions. Source: Coeur d’Alene Press
  • A joint venture between Americas Gold and Silver and United States Antimony will build and operate a new antimony processing plant at the Galena Mine near Wallace. The partnership will create a fully domestic and complete supply chain for antimony, which is a critical mineral used in special alloys, semiconductors, batteries and other products. Construction will be completed within 18 months of budget approval. Source: Coeur d’Alene Press

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Economic snapshot: A look at Idaho’s full-service restaurant industry

Full-Service Restaurants have a significant impact on Idaho’s economy. In 2025, the National Restaurant Association estimated that Idaho’s Full-Service Restaurants provided $2.76 billion in direct economic output and employs more than 28,500 people. This is 3% of Idaho’s overall employment.1

Full-Service Restaurants are restaurants with a waitstaff and offer a dining experience with table service, compared with Limited-Service Restaurants which customers generally take the food to go and there is no table service, such as a fast-food restaurant.

Full-Service Restaurant in Idaho experienced disproportionate employment drops during the pandemic compared with total employment. This was due to people not going out as much to eat. While the state’s overall total employment declined 10.2% from 2019 to 2020 due to the pandemic, Full-Service Restaurant employment declined by a larger 14.3%. Since then, the industry in Idaho stagnated from 2023-2024 (shown in Figure 1) and has not returned to the level it was before the pandemic.

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Discover how Idaho’s labor market relies on international export partnerships

NEWS RELEASE

For Immediate Release: Feb. 3, 2026
Media Contact: Ryan.Whitesides@labor.idaho.gov

Idaho Department of Labor Economist Ryan Whitesides will be presenting with a panel of state and federal government representatives, discussing Idaho’s labor market reliance on international export partnerships at a webinar, Tuesday, Feb. 10.

Representatives from Idaho Commerce, the Idaho State Department of Agriculture and the U.S. International Trade Administration will be in attendance.

Idaho’s foreign trade portfolio comprises over 205 nations who consume the state’s exported goods and services. Of these total exports, over 80% are manufactured products. This webinar will explore what these particular goods and services are and the jobs they support.

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Around Idaho: Economic activity, January 2026

Map of IdahoInformation provided in these news updates is collected up until the end of January and includes 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 and Shoshone counties

Regional news

  • Amid the warmest winter on record, snowpack across northern Idaho is far below normal, creating what a hydrologist at the Idaho Department of Water Resources have called a “snow drought.” Precipitation levels have been normal, but high temperatures have led to more rain than snow, allowing high runoff. The low snowpack makes it likely that northern Idaho will continue to see drought conditions for the fourth consecutive year. Source: Bonner County Daily Bee
  • Heritage Health is breaking ground on Phase 2 of their Center for Healthy Living. When the new phase is completed, it will consolidate a variety of services in a single facility, including medical, dental, pediatric and behavioral health services. The Phase 2 facility will cost $4 million and is expected to be completed in the fall of 2026. Source: Coeur d’Alene Press
  • An 85,000 square foot, $5 million indoor pickleball facility is under construction in Post Falls. Slated for opening in June, The Flying Pickle is the first northern Idaho franchise for the Meridian-based company. The facility will include 24 indoor courts. Source: Coeur d’Alene Press

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