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Around Idaho: Economic Activity in September 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
    • Fatbeam LLC – a Coeur d’Alene-based fiber provider – is introducing a new product called Cloudbeam, which will allow its customers to connect securely to cloud services. Cloudbeam will function as Fatbeam’s proprietary alternative to VPN (virtual private network) services. Source: Journal of Business
    • Engel & Volkers, a German-based international luxury real estate brokerage, has opened an office in Coeur d’Alene with plans for a Sandpoint office in 2021. Source: Journal of Business
    • Quest Integration Inc., a Post Falls technology firm providing support for the manufacture and design of 3D printers, has been acquired by Hawk Ridge Systems, a California-based manufacturer of 3D printing systems. Quest will continue to operate under that name during the integration process but will eventually operate under the Hawk Ridge name. Source: Journal of Business

     

Openings – Coeur d’Alene

  • Mangia Wood Fired Pizza
  • Hasani Coffee
  • Bou Cou, dancewear and fitness wear
  • Rokko’s Teriyaki & BBQ
  • Izzy’s Comfort Kitchen
  • Everlong Studio, a photography studio
  • Bjorkman Film & Video
  • Spirit Halloween
  • Roger’s Ice Cream & Burgers

Openings – Post Falls

  • Unlimited Health Chiropractic
  • Teton House

Openings – Hayden

  • Edward Jones Investments

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 August 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

Bonner County

  • Tamarack Aerospace Group, which successfully emerged from bankruptcy this year, is expanding its operations by adding a hanger and additional office space in Sandpoint, as well as a new facility in the United Kingdom. The new hanger space will be used for the installation of Tamarack’s fuel-efficiency boosting jet winglets. Source: Journal of Business

Kootenai County

  • Construction is underway on a new five-story, 62-unit apartment complex in Coeur d’Alene’s Riverstone development. Completion is anticipated for fall, 2021. Source: Coeur d’Alene Press
  • Coeur d’Alene City Council voted to demolish two abandoned hotels in the city. The hotels were acquired by the city in a land swap with the local charity organization St. Vincent de Paul. A new use has not been confirmed for the land currently occupied by the hotels, but public parking and a pocket park have been suggested by the city’s planning officials. Source: Coeur d’Alene Press
  • Public schools in Coeur d’Alene have pushed back the start of school to Sept. 14 and will begin with a blended learning approach that combines online learning with classroom time. Students will attend school in person on alternate days (determined alphabetically by last name) to halve classroom size on any given day. Source: Coeur d’Alene Press

Openings – Coeur d’Alene

  • LunchboxWax
  • Spice & Tea Exchange Tea Bar
  • CAL Cars
  • Good Time Tap Room
  • Vapor Lounge
  • Engel & Volkers Luxury Real Estate
  • Sweet Treats Frozen Yogurt

Openings – Post Falls

  • Select K9 Resort
  • SWEET Pea Imagery
  • Bluegrass Baby Boutique
  • India House

Openings – Hayden

  • Voltage Studios

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 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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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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One-Third of Idaho Jobs Can Be Performed by Teleworking

-Data suggests jobs performed at home pay more-

With social distancing measures in place to limit the spread of COVID-19, many workers are transitioning to working from home. One in three Idaho jobs are fully suited for telework. The rest are most vulnerable to unemployment during a pandemic. As Idaho’s economy rapidly adapts to remote work, access to high-speed broadband – particularly in the more rural parts of the state – is critical.

The Rise of Teleworking

The full extent of the economic impact of the COVID-19 pandemic is still to be determined, but early signs show the impact on jobs to be significant. As of May 2, 2020, the state of Idaho recorded a record high 125,306 initial claims for unemployment benefits during the seven weeks of the COVID-19 state of emergency. Nationally, the economy lost a staggering 20.5 million jobs in April, bumping the unemployment rate to 14.7 percent.

Along with the unprecedented job losses is a rapid trend towards remote work. To comply with social distancing and stay-at-home orders, employees who can are increasingly being allowed to work from home. Latest trends in online job postings show that while online job postings overall have fallen in recent months, postings specifically labeled as work-from-home are on the rise. The number of new Idaho work-from-home job postings jumped 49 percent from February to March 2020 and 2.4 percent from March to April. In contrast, Idaho job postings overall declined nearly 40 percent from March to April alone.

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Idaho’s Small Businesses Feel Impact of COVID-19

The second half of March saw an unprecedented surge in the number of unemployment claims filed in Idaho. During the week ending March 28 alone, the state recorded more than 32,000 initial claims – more than 3,000 percent greater than the number of claims just two weeks prior. Between March 15 and April 25, Idahoans filed 117,811 new claims.

A significant number of the jobless claims can be attributed to closures of restaurants, a vast majority of which are small enterprises with under 50 employees. According to the 2019 Quarterly Census of Employment and Wages, 94 percent of all restaurants in the state have fewer than 50 employees, and these small enterprises account for 77 percent of industry employment.

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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 – May 1, 2020

The COVID-19 (coronavirus) pandemic has created unprecedented disruptions to the economy. Each week in March and April 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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