Bank of Idaho will be presenting a check for $12,000 Thursday morning to the newly formed College of Eastern Idaho, to establish a scholarship endowment with the CEI Foundation.
The presentation will be at 11 a.m. at CEI’s main office, 1600 S. 25th East. Dignitaries expected to attend include Idaho Falls Mayor Rebecca Casper, Ammon Mayor Dana Kirkham, College of Eastern Idaho officials, foundation directors, and members of the Board of Trustees. An informal reception will follow.
Seeing the conversion of Eastern Idaho Technical College to a four-year community college is something Bank of Idaho has fully supported since the idea was first introduced several years
ago, said Jeff Newgard, the bank’s president and CEO. “We had great momentum with public interest in an affordable 4-year college,” he said. “We felt the timing was perfect, and by jumping in and establishing the fund and holding our first annual golf tournament, we know we can make a big difference for students who need some help pursuing a college education.”
To benefit CEI, Bank of Idaho held its first ”Swing for the Green” golf tournament in late June, with 25 teams participating. It was co-hosted by three LPGA Professionals who have committed to returning next year.
“We know that the ripple effect of a four-year community college will benefit every small business in our community in a big way,” Newgard said. “We hope to get the word out about the endowment fund because we aren’t stopping here. Bank of Idaho is proud to support CEI and the pursuit of educational excellence in our community.”
For details on how you can join Bank of Idaho in contributing to the Endowment Fund for Higher
Education, contact Bank of Idaho’s vice president of market development, Jarod Phillips, at 208-524- 5500 or via email at j.phillips@bankofidaho.net.
Tuesday, August 29, 2017
Monday, August 28, 2017
Get Your Business Online workshop set Tuesday at Snake River Landing
The free workshop will start at 8:30 a.m. at The Waterfront at Snake River Landing, 1220 Event Center Drive. Register online at https://events.gybo.com/events/261/register.
Here is the agenda for the day:
8:30 a.m.: Check-in and registration
9 a.m.: GROW YOUR BUSINESS ONLINE
- Learn the basics of how customers find your business online.
- Learn how to promote your online presence with methods like search engine optimization (SEO) and online advertising.
- We also introduce tools to help you run your business online, including Google Analytics and Google Apps for Work.
Want to get found on Google Search and Maps? Learn the easiest way to help your business be found online. This presentation introduces Google My Business, a free tool to manage your business information across Google.
Following the morning workshops, Zions Bank and Snake River Landing invite you to an afternoon of special programming designed to help you better understand the local small business economy.
It will feature some of eastern Idaho's most successful entrepreneurs. Complimentary lunch and refreshments will be served.
12:15 p.m.: Lunch with Robert Spendlove
Spendlove, Zions Bank senior vice president of economic and public policy, will give a talk about eastern Idaho's economy.
1 p.m.: IDAHO SMALL BUSINESS RESOURCE PANEL
Moderated by Katie Sewell, State Director, Idaho SBDC Hear about resources in Idaho that can help your business grow. Panelists are Bryant Searle, Zions Bank Business Development Expert; Dave Noack, SBDC Eastern Idaho Regional Director; Bill Woods, SCORE Chapter Chair
2 p.m.: SMALL BUSINESS GROWTH PANEL
Hear from a panel of CEOs that grew their businesses from a local favorite to national or international success. Panelists are Steve Browning, CFO, FinFun (SBA Idaho Small Biz of the Year 2017); Kade Kraus, CFO, KLIM; Jeff Krantz, Timberline Chainsaw Sharpener LLC (Idaho SBDC Success Story 2013) ; Sarah Marshall, Off The Grid Investigations LLC (Idaho SBDC Success Story 2017)
3 p.m. : NETWORKING RECEPTION
Enjoy complimentary refreshments and treats courtesy of Snake River Landing while networking with panelists, business leaders, and other entrepreneurs and small business owners.
Friday, August 25, 2017
Sarah's Candy Cottage closing after 19 years in business
Add caption |
Mike Swendsen and his daughter, Liz Yasaitis, opened Sarah’s in 1998 at 1503 E. 17th Street, where Great Harvest Bread Co. still is. They moved to their own store on Woodruff a few years later.
According to their Facebook page, the store is being “retired.” Twenty years for a small business like Sarah’s is a great run. Times change, people's lives change and the world moves on.
If you're curious, here is the business profile I wrote about them for the Post Register in July 1999:
For those people whose knowledge of licorice extends only so far as Twizzlers in the candy machine, Michael Swendsen has a message he wants to impart: There is a whole world' s worth of licorice to be experienced.
The same goes for chocolates and fudge. Swendsen, owner of Sarah' s Candy Cottage in Idaho Falls, is ready to give anyone who walks in his door a sample of what' s available. It may be from England, Germany or Australia, or it might be from his kitchen. All Swendsen wants it to be is special.
"We felt like there was an opportunity to open an old-time candy store, with toffee, peanut brittle, scratch made fudges and truffles," he said. "We cater to a little different customer."
The shop, named after Swendsen' s daughter, Sarah, now 28, is located in the same 17th Street building as Great Harvest Bread Co. This is a fortunate arrangement, because the people who are looking for specialty baked goods are likely to be the same people inclined to buy specialty candies.
Swendsen is generous with his samples and estimates that 15 to 20 percent of his gross is given away. "Feed them on their way through and get them to buy on the way out," he said.
The store has only been in operation for a year, so there is a great deal to be done to raise public awareness. But Swendsen is hoping the national trends are on his side. In the past 15 years, candy consumption in the United States has increased dramatically, according to figures from the U.S. Department of Commerce. In 1984, the average American ate 18.9 pounds of candy. In 1997, the last year for which figures were available, the number was 24.9 pounds.
Likewise, candy sales in 1984 were $6.6 billion. In 1997, that number was more than double, $13.3 billion. Total candy consumption in 1997 was 7.1 billion pounds, of which 3.1 billion pounds was chocolate.
Swendsen first got interested in candy when he had the Helmsman restaurant in downtown Idaho Falls, then the Bylander, a combination delicatessen and bakery. "I've always been interested in the making of candy," he said.
Since 1978, Swendsen has run Phase Applications, a company that services substations for rural electrification associations and utilities. But that business wanes in the winter, exactly the opposite of candy making operations, which have their busiest time from Thanksgiving to Christmas. Three years ago he bought Candyland, in the Teton Plaza. But that store didn' t have a kitchen, dealing only in commercial candies. "My interest was really in making candy," he said.
Swendsen has two candy makers working for him, Ray Franco and Eva Niederer. He makes items himself, but admits he is "very young in the craft."
"It's a trade, like a butcher," said Bill Mundy, of Schurra' s Candy Factory in San Jose, Calif., a business that has been around since 1912. "There are good butchers and bad butchers. How good do you want to be? How much pride do you take in your work?"
In a major metropolitan area, with competition from 15 See's Candy stores, Mundy relies on customer loyalty and promotions to give him visibility. When the symphony has a fund-raiser, he puts chocolates on the tables in exchange for an ad in the program.
Said Swendsen, "There are people who have a passion about what they do. I do this because I love it. It's an expression of something I really enjoy." To make good candy, getting good ingredients are important.
Swendsen buys the best he can find, which might mean buying a quart of Amaretti vanilla for $120. The shop also has factory-made candy for sale, and a large selection of sugar-free candies for diabetics. He said there has been a significant number of customers from Jackson, Wyo., who tend to come in on Saturday.
"People are longing for skillfully produced goods and services, and presentation beyond mass merchandising. We really want to make people feel welcome."
Wednesday, August 23, 2017
Home prices up, sales times down, for first seven months of 2017
Source: Snake River MLS |
Here’s a little snapshot of the real estate market for the first seven months of this year. The numbers show a little bit of a slowdown from last year in terms of homes sold and new listings. That said, homes are selling faster and for significantly more.
From the investment standpoint, real estate is looking really good — depending of course on when you got in. The Federal Housing Finance Agency’s HPI-Calculator shows that if you bought a $100,000 home in Idaho Falls in Q2 1987 — 30 years ago — that property would be worth $247,505 today. That’s a climb back from the dip it took in 2011, when it went down to $193,564 in the second quarter, from its previous high in Q2 2008 of $232,923. The good news is that you were never underwater, provided that you didn’t do anything silly.
If you bought a $100,000 home in Q2 2007, it would be worth $109,554 in Q2 2017, according to the calculator. If you bought it in Q2 2012, it would be worth $126,374.
Good news for everyone. Just remember, however, numbers are numbers, and real worth depends completely on the money someone is willing to hand you.
To look at the HPI-Calculator, here's the link: https://www.fhfa.gov/DataTools/Tools/Pages/HPI-Calculator.aspx
Tuesday, August 15, 2017
INL accepting applications for community giving, economic development grants
Battelle Energy Alliance, which manages Idaho National Laboratory for the U.S. Department of Energy, announced Monday that it is accepting applications for the fiscal year 2018 Community Giving and Technology-based Economic Development campaigns. Each program focuses on a distinct audience and purpose. Applications for charitable or philanthropic donations for both programs will be accepted through Oct. 16.
Fiscal Year 2018 Community Giving Campaign
The INL Community Giving program provides BEA corporate-funded donations in select areas, such as human services, health, environment, arts and civic projects.
“The Community Giving program is focused on eastern Idaho, where INL’s employees live and work, and prioritizes organizations that support children and people in need,” said Lori Priest, contributions administrator. “That includes efforts to feed the hungry, provide basic shelter to those without, and improve quality of life."
Since 2005, the program has provided support for a variety of outreach efforts.
“It is our responsibility to be good neighbors and make a positive contribution to our community,” said Amy Lientz, director of INL’s Partnerships team. “It’s also a privilege for those of us fortunate enough to work at INL to help our friends and neighbors in need.”
Fiscal Year 2018 Technology-based Economic Development Campaign
The INL Technology-based Economic Development program targets projects aimed at spurring regional economic development, technology-based economic development, talent pipeline and entrepreneurship in the area.
“We enjoyed great success in 2017, supporting projects throughout Idaho: in the Panhandle, Sun Valley, north-central Idaho, and Butte County,” said Stephanie Cook of INL’s Economic and Workforce Development team. “Our goal is to continue investing in creative projects that support INL’s research priorities, grow the talent pipeline, and enhance the regional and state economies.”
Eligibility criteria: Organizations must be 501(c)(3) nonprofit entities. A copy of the IRS tax-exempt letter must accompany the form. INL’s charitable donation program does not fund political or religious organizations, emergency response, courtesy advertisements, athletic programs or events, individuals, contests or extracurricular school activities. This funding does not include requests for K-12 education donations.
For further information on K-12 science, technology, engineering and math educational funding requests and grant cycles, contact Brenda Greenhalgh (brenda.greenhalgh@inl.gov).
Applications submitted after the Oct. 16 deadline will not be included in the review process. Decisions about 2018 contributions will be made by Dec. 15. Notifications will be sent to requesting organizations informing them of funding awards. Funds will be for projects for the period of Oct. 1, 2017, to Sept. 30, 2018.
For full details on both programs, or to download the 2018 request for donation form, visit INL’s website at www.inl.gov. From there, select Menu on the top right, then choose Partner with INL, then choose either Community and Education Outreach or Economic and Workforce Development.
Fiscal Year 2018 Community Giving Campaign
The INL Community Giving program provides BEA corporate-funded donations in select areas, such as human services, health, environment, arts and civic projects.
“The Community Giving program is focused on eastern Idaho, where INL’s employees live and work, and prioritizes organizations that support children and people in need,” said Lori Priest, contributions administrator. “That includes efforts to feed the hungry, provide basic shelter to those without, and improve quality of life."
Since 2005, the program has provided support for a variety of outreach efforts.
“It is our responsibility to be good neighbors and make a positive contribution to our community,” said Amy Lientz, director of INL’s Partnerships team. “It’s also a privilege for those of us fortunate enough to work at INL to help our friends and neighbors in need.”
Fiscal Year 2018 Technology-based Economic Development Campaign
The INL Technology-based Economic Development program targets projects aimed at spurring regional economic development, technology-based economic development, talent pipeline and entrepreneurship in the area.
“We enjoyed great success in 2017, supporting projects throughout Idaho: in the Panhandle, Sun Valley, north-central Idaho, and Butte County,” said Stephanie Cook of INL’s Economic and Workforce Development team. “Our goal is to continue investing in creative projects that support INL’s research priorities, grow the talent pipeline, and enhance the regional and state economies.”
Eligibility criteria: Organizations must be 501(c)(3) nonprofit entities. A copy of the IRS tax-exempt letter must accompany the form. INL’s charitable donation program does not fund political or religious organizations, emergency response, courtesy advertisements, athletic programs or events, individuals, contests or extracurricular school activities. This funding does not include requests for K-12 education donations.
For further information on K-12 science, technology, engineering and math educational funding requests and grant cycles, contact Brenda Greenhalgh (brenda.greenhalgh@inl.gov).
Applications submitted after the Oct. 16 deadline will not be included in the review process. Decisions about 2018 contributions will be made by Dec. 15. Notifications will be sent to requesting organizations informing them of funding awards. Funds will be for projects for the period of Oct. 1, 2017, to Sept. 30, 2018.
For full details on both programs, or to download the 2018 request for donation form, visit INL’s website at www.inl.gov. From there, select Menu on the top right, then choose Partner with INL, then choose either Community and Education Outreach or Economic and Workforce Development.
Subscribe to:
Posts (Atom)