Jan. 17, 2012 radio interview

I've been meaning to post this all week, but here, finally, is the link to my Tuesday morning conversation with Tim Lewis on NewsTalk Radio, 690 and 1260 on the AM dial. I visit Tim every Tuesday during the 8 a.m. hour to talk about what I see going on around town. The point is to promote this blog.

This has been a big week for BizMojo Idaho. On Friday we had 323 pageviews, smashing the previous high, 210, by a wide margin. I was surprised by the reaction I got to the piece I posted Tuesday about Galen Bush, an agent with Keller-Williams East Idaho who died unexpectedly on Jan. 14. After less than a week, it turned out to be the secondmost viewed story in this blog's history. I had debated posting anything, but figured if it was worth doing if it had any chance of helping Galen's family. Obviously a lot of people knew Galen and cared about him.

I am becoming more and more fascinated by how blogging can serve the purposes of community journalism. I'm not doing much different with this than what I was doing 32 years ago when I was writing, editing and selling ads for the Jeffrey City News in Jeffrey City, Wyo. (a town that no longer exists). Whenever possible, I have always tried to reach out to readers and engage them in conversation, or at least make them feel like they had a relationship with me.

Anyroad, here's the link to my last radio interview, addressing such things as building permits, Dickey's Barbecue Pit and Costco. Give it a listen if you don't have anything better to do. http://www.eastidahonews.com/2012/01/business-expert-talks-about-potential-new-establishments-coming-to-idaho-falls/

Idaho jobless rate continues to drop

There's no need to print the full story here (the link is posted below), but the Idaho Department of Labor reported this morning that the state's unemployment rate dropped again in December. While 8.4 percent still leaves room for improvement, it's safe to say this counts as welcome news.

Statewide, employers hired just over 11,000 new employees, mainly to replace workers who retired or left their jobs for some other reason. Most significantly, it marked the first month since 2008 that employers reported hiring more new employees than they did then.

 

http://labor.idaho.gov/news/NewsReleases/tabid/1953/ctl/PressRelease/mid/2527/itemid/2397/Default.aspx

Idaho Falls company plans $125 million facility in New Mexico, seeks NRC license

Steve T. Laflin, International Isotopes
President and CEO

International Isotopes Inc. is a company I have followed with interest for years not because it's high profile but because I think it exemplifies the sort of business that keeps the local economy humming.

It has its roots in the Idaho National Laboratory, but left the reservation years ago. Located north of Idaho Falls off St. Leon Road, its focus today is on nuclear medicine calibration and reference standards, high purity fluoride gases and cobalt-60 products. The company also provides radioisotopes and radiochemicals for medical devices, calibration, clinical research, life sciences, and industrial applications. It provides analytical, measurement recycling, and processing services to clients.

This week the Nuclear Regulatory Commission started the public notification and comment period on the draft Environmental Impact Statement for the $125 million uranium deconversion facility International Isotopes is planning to build in New Mexico. As a part of the comment process, the NRC has scheduled a Feb. 2 meeting in Hobbs, N.M. Comments on the project will be taken until Feb. 27. The application and information about the NRC license review process are available on the NRC website at http://www.nrc.gov/materials/fuel-cycle-fac/inisfacility.html. 

Steve T. Laflin, International Isotopes'  president and CEO, said he anticipates a license for the facility sometime this summer.  "In the next few months, the exact timing of the NRC license issuance will become much clearer and allow the company to complete financing and start construction on this important project," he said.

Last year the company applied for a $97 million loan from the U.S. Department of Energy, which approved the first of a two-part application in June 2010. The loan comes from the department’s renewable-energy technology development program, which evaluates whether the technology might reduce greenhouse gas emissions.

"Our patented fluorine extraction process uses seven times less energy than conventional industrial
processes for making hydrofluoric acid," Laflin told blogger Dan Yurma of Idaho Samizdat: Nuke Notes. "This means we can show reductions of six million pounds of carbon dioxide a year over the life of the plant."

INL's Whitney accepts post with State Board of Ed

Marilyn Whitney, former statewide community outreach coordinator for Idaho National Laboratory, has been named the new chief communications and legislative affairs officer for the Idaho State Board of Education.

Born and raised in Twin Falls, Whitney earned bachelor’s and master’s degrees from Boise State University. Prior to joining INL in 2006, she spent nearly 15 years in corporate communications at Micron Technology Inc. and two years at the Idaho Department of Fish and Game.

Job creation incentives vs. actual results -- a delicate matter

I've watched economic development for a long time. In 1996, when I began reporting on business for the Post Register, the big concern was job cutbacks at the Idaho National Engineering Laboratory (now just the Idaho National Laboratory.)

With outfits like Initiative 2000 (now Grow Idaho Falls), the Community Reuse Organization and the Regional Development Alliance leading the charge, a lot of money has been spent in the last 20 years on companies promising jobs to our area. Some have panned out and some have laid an egg. There's no need to go into names, but I attended a lot of groundbreakings and openings where officials were singing "Blue skies, shining on me ... " Likewise, I am personally acquainted with people who feel bitter at what they feel to be promises that were not kept.

It has always struck me that economic development is something that communities, states and nations must engage in, if only for the sake of self-protection, i.e. if you don't do it, somebody else is going to eat your lunch.

But putting public money down on what looks to be a great bet can't be for the faint of heart. It's one thing to score transportation funds to get a road widened or improved. But laying out incentives for a factory or power plant -- watch out.

Exit question: When an economic development deal goes sour, who ends up holding the bag?

What got me started this morning was a story that ran today on Bloomberg Businessweek about which states do best at keeping track of job creation incentives vs. actual results. In the study it cites, Idaho ranks 38th, tied with South Carolina.

http://www.businessweek.com/news/2012-01-18/states-fail-to-verify-that-incentives-produce-jobs-study-says.html