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Corporate Blogs
Idaho News
Main / Idaho News Author: maricela   Created: 3/26/2007 11:20 AM
Headline news in the state of Idaho.
Thursday, June 26, 2008
The state has again received top ratings for its short-term debt from the three largest credit-rating agencies in New York, Idaho Treasurer Ron Crane said. Moodys issued a MIG-1, Standard & Poors issued a SP1+, and Fitch awarded a F1+ rating for state tax-anticipation notes. The ratings are the equivalent of AAA ratings for commercial debt. Crane issues tax-anticipation notes because Idaho's expenditures exceed its revenue collections during the first half of the fiscal year, which runs from July through June. The treasurer makes up the shortfall with the proceeds from the sale of the notes until additional tax collections are received later in the fiscal year. Idaho is one of the top states in the nation with reserves set aside to weather economic crises, Crane said. Fourteen percent of general fund revenues, or about $400 million, have been put in reserve accounts, he said. Source: IdahoStatesman.com
Posted by maricela at 3:12 PM Comments (0)
Tuesday, June 17, 2008
No. 2: Boise, Idaho Boise makes Forbes' No. 2 spot and Kiplinger puts it at No. 4 this year, noting its high proportion of college graduates and abundance of affordable housing. It was Money's No. 8 in 2006. Boise also is Fortune Small Business magazine's current No. 19, and it comes in at a very close second on this list, holding an edge on the rest of the pack with Raleigh, N.C. Source: Msnbc.com
Posted by maricela at 11:19 AM Comments (0)
Thursday, June 12, 2008
Razor Resources, an oil and gas exploration company, has announced that it is entering into a letter of intent with Striker Petroleum to participate as a working interest partner in the drilling and completion of the Idaho Falls prospect in eastern Idaho, US. The prospect is a wildcat oil and natural gas play and it is estimated to contain over 2.3 billion barrels of oil and 11.5 trillion cubic feet of natural gas. GA_googleFillSlotWithSize("ca-pub-5440138744487553", "News_Main_300x250", 300, 250);   The Idaho Falls prospect is located in Jefferson County in eastern Idaho and is part of the eastern limb of the Snake River Plain. Specifics of Razor Resources's involvement are still under discussion, but the company is expected to obtain a 15% interest in the project, with an option to increase its position to 20%. It is estimated that the dry hole costs will be $4.5M. With success, approximate completion costs could total an additional $5.5M. W...
Posted by maricela at 11:04 AM Comments (0)
Tuesday, June 10, 2008
Like the first sprouts in a vegetable garden, farmers markets are popping up across the state as more and more residents search out local produce and handmade crafts. One such market recently opened in Riggins, with three determined vendors standing under a tent during a rainstorm several days ago. "We actually did pretty good," market organizer Maureen Een told the Lewiston Tribune about opening day. "We had a lot of people coming and checking it out. The social thing is important, too, so everybody was there and seemed to have a real good time." Fresh produce is limited at this time of year, but Een said she and the other vendors sold lettuce, radishes, spinach, homemade tortillas and homemade bread. In 2003, the state Department of Agriculture listed 23 farmers markets in Idaho. This year, the department lists 35, including markets in the small towns of Bovill, Kendrick, Kooskia/Kamiah and Riggins, as well as in the larger cities of Lewiston, Moscow and Grang...
Posted by maricela at 1:43 PM Comments (0)
Thursday, May 29, 2008
Television executives seized the idea long ago: American families value where they plant their roots. The Cosbys had Brooklyn. The Cunninghams, Milwaukee. The Simpsons, Springfield. But fathers face reality when they're not in prime time. They want to raise their children somewhere safe, where they can attend good schools with favorable student-teacher ratios, above-average test scores and respectable budgets. Plenty of museums, parks and pediatricians also contribute to a good quality of life, whereas multihour commutes, expensive houses and divorcing friends and neighbors do not. Best Life editors used these categories and data from the U.S. Census Bureau, the National Center for Education Statistics, the FBI, the American Association of Museums, the National Center for Health Statistics and the American Bar Association to evaluate 257 cities. Here are the best - and worst - places to raise a family. 1      Honolulu, Hawaii - Schools spend almost $9,000 per pupil...
Posted by maricela at 10:10 AM Comments (0)
Wednesday, May 14, 2008
The additional work required to tap international markets is worth it for Idaho businesses, speakers said today at the Global 21 International Business and Investment Conference in Boise. Amy Benson, director of the U.S. Commercial Service's Boise Export Assistance Center, said in an interview that one of the biggest challenges in tapping international markets involves making sure that management is committed to moving forward. That's because it can take a while to generate the benefits of tapping international markets. It's worth the effort and the wait, Benson and Damien Bard, Idaho Department of Commerce International Business Division manager said in a panel discussion. Bard said Idaho exports last year rose 26 percent to $4.7 billion. A weak U.S. dollar is making U.S. products increasingly competitive, and small and mid-sized businesses in Idaho have stepped up their activity abroad, he said. Idaho Gov. C.L. "Butch" Otter, in a speech to open the conference, urged Idaho busines...
Posted by maricela at 10:33 AM Comments (0)
Monday, April 28, 2008
More than 400 Idaho employers and employer representatives have signed up for one of 30 free seminars this spring on controlling unemployment insurance costs and information on the latest developments in state wage and hour and unemployment insurance laws, the Idaho Department of Labor said The department said in a release that it plans to introduce an online application that allows employers to electronically manage their unemployment insurance accounts and monitor claims charged to them.  In addition to information on unemployment insurance taxes, the claims process and the employment and business services available through 25 Labor offices located throughout the state, employers will receive instructions on how to log into the new system and use its tools to control costs.  Seminars get under way May 6-7 at Coeur d'Alene's Hampton Inn, 1500 Riverstone Drive. The morning sessions each day begin at 8 a.m. and run until noon. The afternoon sessions start at 1 p.m. and run...
Posted by maricela at 10:32 AM Comments (0)
Thursday, April 10, 2008
Population: 203,649 Pro: Low-cost office space and housing Con: Competitive labor market Boise Valley is the third-fastest-growing metro area in the U.S. and is home to a very clever populace: Boise routinely tops lists of patent grants per capita. The tech industry is particularly strong - thanks to resources out of the University of Idaho and major corporations in the area, such as semiconductor firm Micron - but the health services industry has also demonstrated robust growth. And while unemployment is extremely low (just 1.9%), the university provides an annual crop of young grads eager for work.   Boise's Economic Development Team assists entrepreneurs with startup strategies, from selecting potentially profitable sites to accessing community and county data. Business owners who have made the move to this mountain town find low housing and office-space costs, light traffic, and low taxes.   Many also discover an improved quality of life. With sunny weather, plenti...
Posted by maricela at 9:58 AM Comments (0)
Tuesday, April 01, 2008
Boise is among the top 18 least-costly metropolitan areas to do business in the U.S., according to the auditing firm of KMPG. The study ranked Little Rock, Ark., as the least expensive among 18 U.S. locations with populations between 500,000 and 1.5 million. Boise ranked 13th. Contributing factors in the rankings included competitive labor and investment costs, as well low transportation costs. The study measured 27 significant areas that are most likely to vary by location, including labor, taxes, real estate and utilities as they applied to 17 industries, over a 10-year planning horizon. City cost Index Rank Little Rock, ARK 93.4 1 McAllen, TX 93.7 2 Oklahoma City, OK 94.3 3 Greenville-Spartanburg, SC 94.4 4 Charleston, WV 95.3 5 Jackson, MS 95.4 6 Nashville, TN 96.8 7 Raleigh, NC 97.6 8 Omaha, NE 99.0 9 Wichita, KS 99.6 10 Youngstown, OH 100.2 11 Harrisburg, PA 100.5 12 Boise, ID 100.5 13 Buffalo, NY 100.6 14 Salt Lake City, UT 101.0 15 Albuquerq...
Posted by maricela at 12:46 PM Comments (0)
Thursday, March 20, 2008
Just you wait, Raleigh. There's always next year. Boise is the second-best place in the country for business and careers, according to Forbes magazine.   For the fourth straight year, Boise landed in the top 5 in what may be the most prestigious of city rankings compiled by national business magazines. A high Forbes ranking provides a marketing tool for state and local business recruiters like the Idaho Commerce Department and the Boise Valley Economic Partnership.   Forbes released its annual list of the top cities Wednesday. Boise moved up one spot from No. 3 in 2007. Raleigh, N.C., captured the top spot for the second year in a row. The report ranked 200 metro areas on factors including job and income growth, business and living costs, education of the work force, migration trends, and quality-of-life measures like crime rates and cultural opportunities.   Boise ranked highest in job growth at 13. It also ranked 17th for the cost of doing business and 15th for...
Posted by maricela at 10:20 AM Comments (0)
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