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Around Idaho: Economic Activity in December 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

  • MetalQuest Unlimited, a precision machine manufacturer based in Nebraska, has chosen Post Falls for its new manufacturing facility. The company, which specializes in precision production for clients in oil, agriculture and firearms manufacturing, expects to begin production at its new Post Falls facility by the end of January, with roughly 25 employees at first. Source: Coeur d’Alene Press
  • Health care providers in Kootenai County have received the first batches of COVID-19 vaccine and have begun vaccinating frontline medical staff. Source: Coeur d’Alene Press
  • The JC Penny in the Silver Lake Mall is now slated to close in the spring after being included in the company’s recent list of planned store closures. The store had been an anchor tenant of the Silver Lake Mall and was the last remaining JC Penny in North Idaho following the previous closures of stores in Lewiston and Ponderay. Source: Coeur d’Alene Press
  • The Post Falls City Council approved the purchase of a $415,000 parcel of riverfront property, which was the final privately held plot in the Post Falls Water Treatment Facility’s easement to the Spokane River. The parcel is expected to be acquired in anticipation of a future expansion of the city’s wastewater treatment capacity. Source: Coeur d’Alene Press

OPENINGS

Coeur d’Alene

  • Boho West
  • Daybreak Coffee
  • Sushi I
  • CK Barrel Room
  • 208Nutrition
  • 208Massage
  • Inland Northwest Veterinary Dentistry & Oral Surgery

Hayden

  • American Kickboxing Academy.
  • MiQuelle’s Natural Bath.
  • Mode Salon.

Post Falls

  • Family Dollar.
  • Jitterz Espresso.
  • Hardwick & Sons Hardware.

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 November 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

Region

  • The Panhandle Health District approved a mask mandate for all five northern counties, effective for 60 days. All five counties are currently in the “red” category for COVID cases, with high test positive rates and hospitals nearing or at full capacity. Source: Coeur d’Alene Press

Kootenai County

  • Northwest Specialty Hospital has terminated an agreement with MultiCare Health System, which would have allowed MultiCare to become the majority owner of the hospital. Northwest Specialty will instead enter into a new agreement with Mountain View Hospital of Idaho Falls which will allow Northwest Specialty to remain physician-owned and operated. Source: Journal of Business
  • The city of Post Falls adopted a city-wide mask recommendation and a mask requirement on city property. The city also has begun revising guidelines to reduce occupancy at city facilities to align with Idaho’s movement back to Stage 2 COVID requirements. Source: Coeur d’Alene Press

Openings Coeur d’Alene

  • University Auto Sales
  • Pho Le 1
  • Starbucks
  • See’s Candies
  • Budget Storage
  • Five Pine Wealth Management

Openings – Post Falls

  • Premier Vendor Mall
  • UPS
  • Riverside Coffee
  • Mugsy’s Espresso

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 October 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 is continuing its rapid expansion and is on track to triple its space in Sandpoint with additional office and hanger facilities. The company, which successfully completed a restructuring and emerged from bankruptcy filings, is aiming to leverage the new space for intensified research and development. Source: Journal of Business

Kootenai County

  • Lakeside Capital Group LLC is planning a large new residential development on more than 1,000 acres of land, located between Post Falls and Coeur d’Alene. The land, acquired by the developer last year, was recently rezoned from agricultural land to transitional use. The planned new residential community, called Coeur Terre, could potentially include more than 2,000 units in a mixture of single and multi-family developments. Source: Journal of Business
  • Hagadone Hospitality is working on a new mixed-use development in southeastern Coeur d’Alene, which will feature three 200-foot tall towers to include a mixture of hotel rooms, apartments and condominiums. The development is still in the planning stage, has not been assigned an address and does not have a concrete timeline for completion yet. Source: Journal of Business
  • COVID masking mandates in northern Idaho are in flux, with the Panhandle Health District rescinding its mask order and the city of Coeur d’Alene implementing a mask order of its own, which went into effect on Oct. 27. Coeur d’Alene Public Schools are currently facing a significant COVID-19 outbreak, with large numbers of students quarantined. Source: Coeur d’Alene Press

OpeningsCoeur d’Alene

  • Vicino Pizza
  • 2 Ravens Tattoo Studio
  • Gas and Grain
  • Magpie Home Goods
  • Hank’s Hatchets

OpeningsPost Falls

  • Ricardo’s Baja Tacos

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 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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