Michelle Holt named new EITC Workforce Development & Community Education Manager

Michelle Holt

Eastern Idaho Technical College announced this afternoon it has named Michelle Holt as its new Workforce Development & Community Education Manager. She will replace Ken Erickson who came in the days it was still Eastern Idaho Vocational Technical School and is retiring after more than 39 years of service.

Holt, who has been CEO of the Greater Idaho Falls Chamber of Commerce and the Idaho Falls Convention and Visitors Bureau since July 2013, will start her new position on Feb. 7, 2017.

Before coming to Idaho Falls, she was executive director of Lost Rivers Economic Development, representing Butte and South Custer counties. “One common thread throughout much of my career has been workforce development,” she said. “Talent pipeline and the need for a skilled workforce impacts all of our chamber member businesses, as well as the entire business community. Cooperative partnerships like those between the chamber and EITC are key to ensuring the economic future of our community.”

Ken Erickson

 
“Michelle has the experience and professional network to continue the college’s role in support of a trained workforce for eastern Idaho,” said EITC President Rick Aman. “The prospect of a transition of EITC from a technical college into a comprehensive community college provides a unique opportunity in partnership with regional employers. Ms. Holt brings a wealth of experience and service to our business community.”

The Chamber CEO position is now open for applications through Jan. 16, 2017. The full job description can be found on the chamber website, under Job Postings, at the bottom of the homepage, www.idahofallschamber.com.  Resumes with cover letter can be emailed to christie@aeshr.net.

INL, Colorado company announce deal on battery monitoring technology

Eric Dufek, head of Idaho National Laboratory's Energy Stoarge Group, at work in the Energy Systems Laboratory on University Boulevard. INL has been involved with electric vehicle battery research for the U.S. Department of Energy since the 1980s.

The U.S. Department of Energy’s Idaho National Laboratory has teamed with Dynexus Technology of Boulder, Colo., to provide the energy storage industry with first-of-a-kind technology for advanced battery health diagnostics.

Under an exclusive licensing agreement, Dynexus will commercialize INL’s embedded wideband impedance technology for analyzing and forecasting the health, aging and safety characteristics of advanced energy storage devices. The 2011 R&D 100 Award-winning Impedance Measurement Box (IMB) was invented by INL’s Energy Storage Group with support from the DOE Office of Energy Efficiency and Renewable Energy’s Vehicle Technologies Office.

Dynexus, headquartered in Colorado, develops products and services that connect advanced sensor-based enterprise data with decision makers to improve access to embedded intelligence. The wideband impedance technique developed at INL delivers in-depth diagnostic insights not previously available outside the battery research lab, providing tremendous value for safer and more cost-effective commercial implementation of advanced energy storage technologies.

“The whole purpose of the work is to understand the bounds of safety and performance as the battery ages,” said Eric Dufek, INL’s energy storage group lead. “This allows informed decisions about the state of health and battery life.”

The dependability of energy storage devices, mainly batteries, is becoming increasingly important to consumers, industry and the military. As battery end-user expectations increase and the consequences of battery failures become more pronounced, there is a pressing need for timely insights about battery health to ensure predictable performance, personal safety and reduction of waste. INL’s broad-spectrum impedance technology enables embedded continuous monitoring of a battery’s health and remaining life throughout the entire course of its life cycle.

From an environmental standpoint, the INL technology could help find new uses for EV batteries after their capacity fades beyond acceptable power and range performance, usually defined as below 80 percent of initial capacity.

“This technology could help assess the resale value of a used electric vehicle, or provide remaining life and safety insights for repurposing those batteries into secondary applications,” said Dynexus president and CEO, David Sorum. “Monitoring battery health and remaining life will help ensure the safety and reliability of repurposed batteries, and will strengthen their viability, insurability and marketability.”

Although embedded wideband impedance evolved from INL’s participation in automotive battery research and development, Dynexus Technology will explore commercial applications across a broad range of markets, from EVs to drones, from utility energy storage to telecommunications, and from medical devices to military systems. In all cases, the wideband impedance technique delivers operational data not previously available outside a laboratory setting.

“The technology has the potential to add value at all levels across the battery value chain,” said David Lung, Dynexus chief technology officer. “It’s like having an onboard “smart meter” for your electric vehicle battery, providing the owner and the dealership with immediate and easily accessible factual information about battery health throughout its useful life.”

Read more about the technology here:
https://factsheets.inl.gov/FactSheets/Impedance_Measurement_Box.pdf

Home prices trend upward

Here is a line graph showing what the price of a $125,000 home in the Idaho Falls area would have done over the last 15 years. After peaking in the first half of 2008, the number slid in mid-2011 and bobbed for a few years, until mid-2014, when it started to climb again.

What a difference 15 years make, although it doesn’t always feel that way.

For lack of any real news breaking today, we decided to go back to our old friend, the Federal Housing Finance Agency House Price Calculator. This is the Web page where you can plug in your numbers and see how home prices have trended in your market.

Arbitrarily, we decided to see what a hypothetical property valued at $125,000 in the third quarter of 2001 would be estimated worth today. The results for all the markets we looked at are good, some really good. Here’s a breakdown.

Idaho Falls: $185,996  +48.7%
Pocatello: $185,252  +48.2%
Boise: $220,150  +76.1%
Reno: $209,754  +67.8%
Las Vegas: $181,459  +45.1%
Seattle: $251,652  +101.3%
Phoenix: $220,705 +76.5%

What’s interesting to look at is the volatility over the past 15 years. There's no question things bottomed out for everyone in 2011. In Las Vegas, your $125k from 10 years earlier would be $95,592 in the Q4 of 2011. In Idaho Falls, on the other hand, the line dipped but never below where it started. But the figure from Q3 of this year is still below the all-time high of Q3 2008, when it peaked at $187,961.

Here's a graph for Boise. Note that Joe Homeowner was underwater from Q1 2011 to Q2 2012, but recovery has been strong since then. 

Go ahead and try your house, but remember these are just numbers. Your house is only going to be worth what someone is willing to pay for it. What the HPI Calculator projects is what a given house purchased at a point in time would be worth today if it appreciated at the average appreciation rate of all homes in the area. The actual value of any house will depend on the neighborhood, house condition and age, home improvements made and needed, and many other factors. Consult a qualified real estate appraiser in your area to obtain a professional estimate of the current value of your home. Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 requires that any appraisal used in connection with a federally related transaction must be performed by a competent individual whose professional conduct is subject to supervision and regulation. Appraisers must be licensed or certified according to state law.

U.S. Bank Foundation makes donation to EITC scholarships

The U.S. Bank Foundation has donated $5,000 to the Eastern Idaho Technical College Foundation to benefit the scholarship program for the 2017-2018 academic year.

Tracy Hoart, the bank’s vice president and district manager, and Deborah Moretto, vice president and trust officer for private client group, who also serves as the EITC Foundation chairwoman, visited the foundation to present the award. All scholarship dollars are allocated to students attending Eastern Idaho Technical College. The foundation awards nearly $200,000 every year in scholarships.

“Nearly one-third of EITC students receive scholarship awards through our office,” said Natalie Hebard, the foundation’s executive director. “Each and every donation is critical to supporting the mission.”

If you or someone you know is interested in attending EITC and would like to apply for scholarship support the next deadline to apply for scholarships is Feb. 10, 2017. Award notifications will be made by the end of March and funds will be available for fall 2017 and spring 2018. Applications can be picked up in person at the foundation office, 1600 S. 2500 East, Building No. 3, or found online at www.eitcfoundation.org.

To learn more about the Eastern Idaho Technical College Foundation, please visit www.eitcfoundation.org, or call 208-535-5398.

Work progresses on new Deseret Industries store in Ammon

Looking east across the site of the future Deseret Industries store in Ammon.

In case you're wondering about all the dirt being moved in Ammon on 17th Street next door to Piano Gallery, that is the site of the new Deseret Industries store.

Site plans were filed in August, but the work has only started in earnest since the building permit was issued earlier this month. The project, on 6.45 acres, calls for a building of 48,605 square feet, 8,746 of which will be devoted to office space, to consolidate the Welfare and LDS Employment offices of the Church of Jesus Christ of Latter Day Saints in the same building.

The store will replace the downtown Idaho Falls store at 450 E Street. Earlier this year Deseret Industries Marketing Manager Booke Yates told Local News 8 that the old store had served the community sell, "but was beginning to get a little run down." She said the construction team is also "evaluating the future" of the current Deseret Industries store location.

The new building has been designed by JRW Architecture of Rexburg.