Bank of Idaho CEO to speak at Chamber series in June

Jeff Newgard

Jeff Newgard, president and CEO of Bank of Idaho, will be the featured speaker June 28 at the Greater Idaho Falls Chamber of Commerce’s CEO Speaker Series.

The event is scheduled for 3 p.m. at the Waterfront at Snake River Landing, 1220 Event Center Drive in Idaho Falls. Questions from audience members will be taken.

Newgard came to Bank of Idaho in July 2015 from HomeStreet Bank, where he was responsible for management and strategic expansion throughout central and eastern Washington. He had joined HomeStreet with the company’s acquisition of Yakima National Bank, where he had served as president and chief executive officer.

He has held a number of leadership positions in regional and community banking since 1998. Newgard is a graduate of the Graduate School of Banking (Colorado) and holds a Masters of Business Administration from Washington State University and a bachelor’s degree from Walla Walla College.

In the community he currently serves as Area 5 Chair of the Employer Support of the Guard & Reserve, also on the Independent Community Bankers’ of America Select Committee on Cyber Security, the Idaho Falls Symphony Board, and War Bonnet Rodeo Board of Directors.

There is no charge for the event, but space is limited. RSVP to programs@idahofallschamber.com
to reserve a spot.

Old Bubba's BBQ on First Street being remodeled into Adam & Eve

After sitting vacant for at least a year, the old Bubba's/Dad's property at First Street and Northgate Mile is being radically repurposed into Adam & Eve, a lingerie and adult toy store.

The building at 118 First Street, formerly Bubba’s then Dad’s barbecue, is being remodeled into Adam & Eve, a store with 2,454 square feet of retail space, two changing rooms and an office.

The building permit, which was granted by the city of Idaho Falls in late April, lists Kraig and Kara McGee as the business owners and Resin Architecture, an Idaho Falls firm, as the architect.

As you might surmise from the name Adam & Eve, the business is of a mature nature. With stores all over the United States, Adam & Eve bills itself on its website as “America's #1 Trusted Source for Sex Toys.”

The McGees started with a store in Nampa in 2007, expanded to Coeur d’Alene in 2009, and Boise in 2010. (This says a lot when you consider the shape the economy was at the time.) They have since expanded to Pocatello, and were interviewed last year by Ted Vayos of Body Magazine. You can follow the link to that interview here, http://www.bodymagazine.us/retail.php?idStore=328, or if you’re too lazy to click through here are a few of their comments:

“Our Adam & Eve Stores are well-lit, clean and organized. We pride ourselves in creating a comfortable and safe environment for women and couples to explore and learn about what products are available to them, and to provide a professional atmosphere when purchasing any item. …

“The striking improvement over the “old school” adult store makes for a much more appealing and fun shopping experience. From the friendly, knowledgeable staff, to the wide variety of products, to the clean and classy store appearance, we easily outperform our competitors.”

Montana & Idaho Community Development shortens name

Dave Glaser

Montana & Idaho Community Development Corp. has changed its name to MoFi, a name intended to better represent its expanding geographic footprint and product line, said Dave Glaser, the company’s president.

MoFi provides financing and consulting services to business and communities that are just outside the financial mainstream, with solutions including business lending and tax credit financing for businesses, non-profits and real estate developments.

In 2017, MoFi provided over $11 million in small-business financing to businesses that were unable to access traditional bank capital, with roughly half that amount going to Idaho borrowers. It expects that amount to increase in 2018. It has also been responsible for catalyzing multiple projects using New Markets Tax Credits (NMTC), a program of the U.S. Treasury that is designed to incentivize investment and development in economically underserved areas. Since 2012, MoFi has used NMTC to support over $150 million in projects in Idaho, including Fresca Mexican Foods (Caldwell), Golden Valley Natural (Shelley), Hemming Cedars (Rexburg), Kootenai Health (Coeur d’Alene), Targhee Professional Services (Rexburg), Western States Caterpillar (Pocatello), and Idaho Burger Grill (St. Anthony).

Glaser said the new name came after recent expansions into Wyoming, Eastern Washington and Eastern Oregon.

“For over 30 years, we have aggressively grown our organization to meet the needs of low- and middle-income people in our region,” he said. “But for many, the inequality of opportunity continues to grow. We’ve realized that the people we serve need more, so we’re responding to the need for flexible, responsible capital by expanding our reach. In addition to Montana and Idaho, we are now serving Wyoming, eastern Washington and eastern Oregon. We look forward to continuing our work with the hardworking people and communities of Idaho in pursuit of our mission, which remains unchanged: to transform the lives of individuals and strengthen community prosperity.”

Last fall, MoFi relocated and expanded its Boise office, led by Ben Wright, Director of Consulting Services. Wright oversees the organization’s asset management division, which provides technical support to loan clients, including free bookkeeping and accounting services, connecting them with marketing and advertising grants, providing management advice and helping them establish a lasting relationship with a local bank.

Orangetheory Fitness opening in Sandcreek Commons

Orange Theory Fitness will be opening in Ammon’s Sandcreek Commons shopping center early this summer. The 3,600-square-foot fitness center will be at 2678 E Sunnyside Road near Broulim’s Fresh Foods, Bill’s Bike & Run, Lunchbox Wax, Hobby Lobby and others. The business is owned by J&J Fitness IF, LLC.

OrangeTheory Fitness’ concept is the one-hour full-body workout. The gym offers trainer-led classes all day for all levels of fitness. Based in Boca Raton, Fla., it offers group personal training workouts based on high intensity interval training (HIIT) that blend cardiovascular and strength training.

The Ammon location marks the 1,049th location for the chain, which was named the fastest-growing woman-owned company in 2017 by Forbes and brought in $451 million in revenue in 2016.

“We are eagerly anticipating the opening of the new OrangeTheory Fitness,” says Sandcreek Commons Chief Development Officer Eric Isom. “OrangeTheorgy will be a wonderful addition to the center and to the Ammon community.”

CEI names dean of student affairs

Michael Walker

Michael J. Walker has been named dean of student affairs for College of Eastern Idaho (CEI). He comes to eastern Idaho from Utah Valley University, where he has held leadership and teaching positions since 2008, including instructor, assistant director and, most recently, director. He launched UVU’s professional education program (certifications and workforce training) in 2015. From 2009 to 2015, he served as assistant administrator for the UVU Wasatch Campus in Heber City, facilitating student and faculty services.

Walker holds bachelor’s and master’s degrees in history from Brigham Young University, and a master’s in higher education and student affairs from Utah State University. He is working on his doctorate in education (instructional leadership) with Utah State University. His research focuses on concurrent and dual enrollment. He has taught more than 60 collegiate courses in history, ethics and the humanities for over ten years, having taught at UVU, USU, and Salt Lake Community College.