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Thursday, June 11, 2020

Celebration planned for Johnson Bros. owner David Sargis

Johnson Brothers will be hosting a celebration to mark 50 years of leadership under owner David Sargis. The public event will take place from 2 to 4 p.m. Monday, June 15, at the company's showroom at 233 Basalt Street in downtown Idaho Falls.

During his tenure, Sargis has guided the company through many challenges, including a fire in 2004 that destroyed much of its manufacturing facility in 2004, to expansion into the Treasure Valley, where they recently opened a new, expanded showroom.

"No matter what gets thrown in front of him, David has a way of reading the situation and establishing the best path forward," said company co-owner Chris Sargis. "His steady hand has
definitely benefitted the business over the long-term."

Founded in 1905, Johnson Brothers provides builders and homeowners with architectural casework, windows, doors, and quality millwork. For homes and businesses alike, it is known throughout the Intermountain West as a go-to establishment for custom-made details. David Sargis has been at the helm since 1970, nearly half of the company's 115-year history.

Tuesday, June 9, 2020

Home sales remain steady in Bonneville County

The numbers haven't been posted yet for May, but looking at sales statistics from the Snake River Multiple Listing Service for the first four months of this year shows clearly that the COVID-19 pandemic has had no effect on the market for residential properties in Bonneville County.

The number of units sold was up 3.7%, while the number of new listings rose 7.3%. Homes spent an average of 45 days on the market, the same as in 2019. Median price rose 11.7%, from $204,237 to $228,234.

Friday, June 5, 2020

Coffee and Business | Chip Langerak, Villa Coffeehouse


Chip Langerak
Becoming a business broker wasn't what Chip Langerak saw himself doing, but joining Arthur Berry & Co. four years ago allowed him the opportunity to help business owners sell their businesses and move into retirement. “Building the package, marketing the business, fielding the questions, pitching it to people, that's my specialty,” he explained.

In looking at what the coronavirus pandemic has done to businesses who are ready to sell Langerak says we have to see what happens going forward. “It won't have a huge impact on business evaluation unless it effects your business beyond now. Some businesses have been propped up by a vibrant economy.”

Langerak and his wife, Alexis, own The Villa Coffeehouse in downtown Idaho Falls (with another location in the lobby of Eastern Idaho Regional Medical Center) and have been directly impacted by the pandemic. “We will survive. It may put us behind but we'll survive,” he said

When advising business owners who are looking to sell he suggests that at least three years prior the business owner should be thinking about the sale and what needs to be put in order to get the highest valuation. “The financials of a business are that business' curb appeal,” he said. About half the buyers he encounters are coming here from out of state. They are looking at financials, which means a business owner needs the financials to look as good as possible.



Asked what the number one mistake business owners make, he said, “I see not enough detail in financial reporting.”

The Langeraks have owned The Villa for eight years. Chip describes his wife as “the perfect operator” and attributes any success of The Villa to her.

“What drew us to The Villa was a love for the place. Ultimately we asked ourselves the question of is this something we could do for several years, and we knew it was,” he said. So many in the restaurant industry are focused on turning around tables but at The Villa they are happy to provide a space for people to spend time and feel comfortable. “It's built around the idea of community, and that's the part that's rewarding and we love about being here,” he said.

The COVID-19 pandemic has brought a dramatic decrease in sales. “The advice I would give to anyone in this position right now is adapt and adapt quickly and consider that change to be permanent,” he said. One of the adaptations they have implemented is a delivery service to Idaho Falls and Ammon.

Langerak admits to feelings of self-doubt, and thinks it's a common thing with business owners. “I think some of that comes from making entrepreneurship sound sexy,” he said. “We have to shift that thinking. We have to realize that those that are successful are closer to us that we realize. We are closer to that success than we know.”

A couple of thoughts he has for all business owners is to be thinking about their businesses and how they will transition no matter where they are. Start that process earlier than you need to. The second thing is to ignore the naysayers but don't let anyone talk you out of something that will bring you joy.

Information
For more information on Arthur Berry and Co go to their site https://www.arthurberry.com/.
For more information on The Villa Coffeehouse visit their site at http://villacoffeeandcafe.com/. Remember, free delivery on orders over $10.

Thursday, May 28, 2020

Financial institutions pool resources to purchase masks for frontline workers

Bank of Idaho CEO Jeff Newgard
In a demonstration of community solidarity, three eastern Idaho financial institutions have teamed up to buy protective masks for medical workers and other people on the front lines in the fight against the COVID-19 pandemic.

Bank of Idaho, Bank of Commerce and Teton Wealth Management on May 20 distributed masks to Idaho Falls Community Hospital, Development Workshop, and 10 other non-profit organizations.

Jeff Newgard, Bank of Idaho's CEO and president, had the idea of pulling together financial management firms and community banks to pool resources and purchase a significant number of masks. Teaming up would mean more buying power and more masks for the community, he said. Newgard asked Tom Romrell, Bank of Commerce's president and CEO, and Jacob Murray of Teton Wealth Management, and they readily agreed.

“Now is an incredible opportunity to lead in the spirit of kindness and generosity,” Newgard said. “I appreciate Mr. Tom Romrell and Mr. Jake Murray for coming together and really focusing on what matters.”

Casey Jackman, chief operations officer at IFCH, said the donations were much appreciated. “These masks will go far in our mission of keeping our front-line workers, patients and visitors safe. Thank you so much for thinking of us and caring for our community,” he said.

McKayla Matlock, Development Workshop's CEO, was equally appreciative. "Safety takes every person, and with the importance of keeping safe these community partnerships have made a real difference for us.”

In addition to mask, Bank of Idaho’s Community Commitment Fund has allocated more than $44,000 of the $60,000 it has collected to emergency non-profit needs within the community. The Bank of Commerce gives to over 300 non-profit organizations each year, averaging over $160,000 per year over the past three years.

If your organization is in need of medical masks or funding, contact Bank of Idaho's director of marketing, Tyler Kraupp at 208-524-5500 or email at tylerkraupp@bankofidaho.net or Holly Gyles, Bank of Commerce's director of marketing at holly.gyles@bankofcommerce.org or at 208-525-9105

Tuesday, May 26, 2020

To Pluto and Beyond: Work that reaches the stars

Jon Bradley (left), Bob Gomez (center) and Courtney Swassing are all Idaho natives who are proud to be part of Idaho National Laboratory’s work to assemble and test the power system for the upcoming Mars 2020 mission, which will launch this summer.
By Jeff Pinkham
For INL Communications and Outreach

They’ve stayed in the same spot for more than a decade, but their work has traveled to Pluto and beyond, and landed on the surface of Mars.

Bob Gomez, Courtney Swassing and Jon Bradley have spent most of their Idaho National Laboratory (INL) careers in the Space and Security Power Systems group, which assembles and tests Radioisotope Power Systems such as Multi-Mission Radioisotope Thermoelectric Generators (MMRTG) and other Radioisotope Thermoelectric Generators (RTGs) for use in remote and harsh environments, principally space.

Gomez and Bradley have been part of the program since the beginning, when it was moved from Mound Laboratories in Ohio to INL’s Materials and Fuels Complex (MFC) in the early 2000s. Swassing joined the team in 2007.

They each came on board at different times and had different motivations for joining the group, but all said there’s nothing they’d rather do.

“There’s pressure because you know it has to power a $2 billion space mission,” Gomez said. “But it’s so cool to be part of this.”

Bradley grew up in Shelley and knew the lab was a good place to work when he started as a temporary employee in the mailroom.

“It was a job,” Bradley said. “It was a foot in the door.”

The longer he stayed, the more he realized there were opportunities behind other doors at MFC. He spent 12 years in materials handling before he took a job as an operator with the Space and Security Power Systems group in 2004. He was an operator and then technical lead until 2016, when he became shift supervisor – his current role.

Gomez grew up in the Boise area and was serving what would become a nine-year stint in the U.S. Navy when he heard about the historic safety tests performed at Idaho’s Experimental Breeder Reactor-II in 1985.

“I thought, ‘this is a place I want to work,’” Gomez said.

He joined what is now INL in 1994 as a hot cell operator at the Fuel Conditioning Facility. He began working on space power systems in 2004, and outside of a short time as a shift supervisor at other facilities, he’s been with the group since. He has served in a variety of roles, from foreman to shift supervisor to now nuclear facilities manager.

Bradley and Gomez were part of the team that assembled and tested the first space power system at INL, for use on the 2006 Pluto New Horizons mission. It was an exciting, and stressful time. In roughly two and half years, a small group led by Director Steve Johnson had to build a facility, put together a staff, and then assemble and test an RTG. The facility was finished in September 2004, and the power system was shipped to Florida around Halloween in 2005.

It was an amazingly tight deadline, but New Horizons launched on schedule in January 2006.
“There was significant overtime and a lot of nervousness,” Gomez said. “We were doing this for the first time so we were kind of self-taught.”

Swassing is the “new” guy of the trio. The Pocatello native started working on space power systems in 2007 as an operator before becoming a technical lead. He will soon qualify as a shift supervisor.

He missed the first power system build, but has been closely involved in assembly and testing of the MMRTG for the Mars Curiosity rover in 2012 and the current Mars 2020 mission, another rover that will explore the Red Planet.

Because there is a long gap between missions, the team spends a lot of time training. They study the procedures to ensure they are optimal, and practice the various steps of assembly and testing so their actions become second nature.

“The training process can wear on you,” Bradley said. “We can get on each other’s nerves and it can get tedious. But Operations, Engineering and Quality Assurance are all training together. It’s not someone telling us what to do. That’s the cool part.”

But there’s a big difference between practice and the real thing.

Swassing said when he first joined the team, he was told that working with hot fuel is a unique challenge that can’t be replicated in training. The internal temperature of the MMRTG fuel reaches 1,300 degrees Fahrenheit, and it takes special equipment and an attention to detail to work with safely.

“I was thinking, ‘It can’t be that hot,’” Swassing said. “Then when I first worked with it, I was like, ‘This is HOT. Now I know why they told me that.’”

Once that hurdle is overcome, much of the work done by Bradley, Gomez, Swassing and the other members of the team has remained the same. The power system is a fairly simple device that needs no moving parts to turn heat from the decay of Plutonium-238 into electricity using thermocouples.

The process is well-defined and the task at hand is well-understood by all. That doesn’t mean problems don’t arise from time to time.

“They’re all built to the same specs, but each has presented its own set of issues and obstacles,” Gomez said. “It certainly isn’t easy or boring.”

How could it be? The result of their hard work is exploring the surface of Mars and traveling to Pluto and beyond – places never visited by man-made objects. Work on the latest MMRTG is nearing completion with an expected launch in late July or early August. There are still long days and plenty of stress before it reaches Mars. But to these guys, it’s all worth it.

“It’s so rewarding to know you’re one of a handful of people who had their hands on something that goes to space,” Bradley said. “That’s pretty cool.”