CDA 2030 has contracted with a Chicago-based consulting firm to conduct a market analysis and feasibility study for a potential performing arts and events center in Coeur d’Alene. The study is being jointly funded by CDA 2030 and the city’s urban renewal agency, Ignite CDA. CDA 2030 is a community-based project created to develop a vision for a bright future for greater Coeur d’Alene. Source: Spokane Journal of Business
Coeur d’Alene’s urban renewal agency, Ignite CDA, has proposed creating a new redevelopment district. The proposal specifies a new district of 54 acres in west Coeur d’Alene along the Spokane River. Source: Spokane Journal of Business
Construction has begun on a new 47-unit apartment complex in Coeur d’Alene. The rentals, located across the street from the city library, will be marketed to middle- and upper-income tenants. Source: Spokane Journal of Business
Construction is underway on a new two story commercial building in Coeur d’Alene’s Riverstone development. The Coeur d’Alene-based Orthopedic Physical Therapy Institute will occupy the ground floor while the second floor remains available for a future tenant. Source: Spokane Journal of Business
In the summer of 2017, thousands of Idaho teens took jobs. But the percentage of teens participating in the labor force remains far below its level in earlier decades. In Idaho, just as nationwide, there’s been a long-term decline in teen participation. Does that decline matter?
Summer jobs in Idaho typically peak in July. In the past four summers, Idaho employers added an average 12,600 jobs between April and July. Only one sector usually decreases employment between April and July – education. Between 2014 and 2017, it lost an average of 8,500 jobs between those months. The sectors that typically add the most summer jobs are leisure and hospitality — restaurants, hotels and recreational facilities; federal agencies — the Forest Service and Bureau of Land Management; retail — especially gas stations, convenience stores and specialty stores serving tourists; and wholesale — especially those serving the construction, forestry and agricultural industries.
Many of those jobs are taken by teens. Between the second and third quarters of 2016, the number of 14- to 18-year-olds on Idaho payrolls grew from 18,531 to 26,069, according to the Census Bureau’s Quarterly Workforce Indicators.
Construction has begun on a $7.3 million parking structure in downtown Coeur d’Alene. The 360-space garage is being spearheaded by the city’s urban renewal agency, Ignite CDA, which notes that constrained parking space presents a barrier to the redevelopment of many properties downtown. Source: Spokane Journal of Business
A $6 million medical building is under construction in the Riverstone development in Coeur d’Alene. North Idaho Dermatology will occupy part of the building when it is completed later in 2018. Source: Spokane Journal of Business
Kootenai Health has begun a $4.3 million renovation involving at least 17,000 square feet and three departments in its main hospital building in Coeur d’Alene. Source: Spokane Journal of Business
SmaK Plastics – a Vancouver-based manufacturer with a facility in Coeur d’Alene – announced plans to expand its northern Idaho workforce. SmaK currently employs 18 people in its Coeur d’Alene facility, but plans to expand to roughly 40 by the second quarter of 2018. Source: Spokane Journal of Business
The agricultural sector in Idaho plays a major role in the state economy, contributing $3 billion – about 5 percent of the total state gross domestic product.
Idaho is ranked first in the nation in the production of potatoes and barley – the state production accounts for more than 30 percent of the national production – and ranks fourth in the nation for milk and milk cow production. Farm productivity continues to advance and exports are increasing, yet farm income has fallen over the past several years. In the face of declining profit margins, low agriculture commodity prices and a farm labor supply shortage, the farmworker demographic is undergoing a change.
Agricultural Labor Worker Types
Source: Idaho Department of Labor
Agricultural labor estimates show a stable and consistent pattern of seasonal farm employment with peaks around October each year. In 2016, average annual employment was 51,240 with a peak employment of 61,100 in October 2016. Continue reading →
As Idaho’s economy continues to flourish, wages are also increasing. Accounting for statewide job growth from 2012 forward, Idaho has seen a 2 percent to 3 percent increase in total annual private sector wage growth, up 17 percent over the past decade. Wage growth rate variances depend on an array of factors including economic situation, location, industry, job growth and demand. Demographics also show a distinction in wage appropriation and growth with gender as a demographic that is frequently discussed.
Traditionally, men and woman have held different, but essential roles in America’s economic success. Initially women filled specific, ‘white collar’ service occupations such as clerical and administrative. As time passed women integrated themselves into all industries, especially during World War II when they stepped into jobs typically held by men. Another shift occurred when men returned from the war to their jobs.
by Idaho Department of Labor Director Melinda S. Smyser
Not too long ago, St. Mary’s Hospital in Cottonwood found itself in need of a medical lab scientist. After searching eight months for a qualified applicant, hospital officials worked with their local Idaho Department of Labor office to develop a registered apprenticeship program. Today the program is working so well St. Mary’s plans to set up a second apprenticeship for the same skill set.
As I meet with Idaho employers, they tell me they all have one thing in common with St. Mary’s Hospital. They need a pipeline of skilled workers with industry-specific training and hands-on experience.
Registered apprenticeships are a proven strategy for successfully building that pipeline and benefits both businesses and job seekers. Most employers see reduced turnover costs, greater employee retention, increased productivity and an average of $1.05 returned for every dollar they invest in their employees.
Apprentices benefit by on-the-job training and earn while they learn, reducing student debt. They see increased opportunities for promotion and higher wages over the course of their careers. Nationally, nine out of 10 find themselves gainfully employed at an average starting salary of $60,000 per year, and over the course of their careers, earn $300,000 more than their non-apprenticed peers.
Idaho’s new business establishments have added more than 10,000 private sector jobs per year over the past two decades, accounting for between 20 to 30 percent of private sector gross job gains and nearly all net private sector job growth. Since the end of the last recession, the share of private sector new businesses in Idaho’s economy has risen faster than surrounding states and the nation as a whole, growing from 7 percent of all establishments in 2010 to more than 11 percent in 2016. Job creation by these private startup businesses, however, remains in decline.
Idaho startup rates and failure rates are higher than national averages
In Idaho, as with the rest of the nation, the rise in the number of businesses entering the economy was significantly stymied by the most recent recession that started in December 2007. At the end of the first quarter of 2010, the number of establishment entries in Idaho had sunk to less than 3,000 from its prerecession peak of 5,073. Since then, the downward trend reversed and establishment entries have returned to pre-recession levels.
Source: Bureau of Labor Statistic – Business Employment Dynamics. Startups are establishments less than a year old and do not include non-employer establishments