Jun. 12, 2015

Leading Locations for 2015: The “Recession Busting” and Year-Over-Year Growth Metros

by Area Development Magazine

Maintaining strong economic growth — year after year — is the mark of strong economic development leadership. Cities that show year-over-year growth typically follow well-devised economic development plans and make the investments needed to retain and attract business. Area Development Magazine recently ranked the Boise City-Nampa MSA tenth overall in this growth category. 

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Aug. 20, 2015

CWI Plans for Future Growth

There are 20,000 students enrolled at the College of Western Idaho, and by 2045, CWI anticipates that number will double. The school has seen a 40 percent increase in dual credit students, and apprenticeship enrollment is at its highest in five years. To accommodate those increases head on, the school is also looking for ways to expand its footprint in Ada County, Glandon said Wednesday during his annual State of the College Address. 

May. 8, 2017

AppDetex Raises $5.5 Million to Accelerate Growth

by Admin

AppDetex, a Boise-based software company providing online and mobile brand protection to global brands, announced today that it has raised $5.5 million to expand its products and accelerate growth. EPIC Ventures led the round with participation from Origin Ventures and existing investors.

Founded in 2012 by brand protection veterans Faisal Shah and Chris Bura, AppDetex provides innovative solutions to global corporations experiencing reputation and revenue loss from brand impersonation in the online and mobile space – including domains, marketplaces, social media and mobile applications. Through AppDetex, customers efficiently monitor high-risk verticals, identify active violators and, enforce on intellectual property violations.

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Mar. 10, 2016

Idaho’s Economy Experiencing Rapid Growth

by Idaho Department of Labor

Every two years, the Idaho Department of Labor releases 10-year-projections of what Idaho’s economy may look like. After years of sluggish economic growth the department’s most recent projections indicate that Idaho’s economy may finally be heating up. From 2012 to 2022 Idaho payroll jobs are projected to grow 16.3 percent – 1.5 percent annually – and add more than 109,000 jobs to the economy. While 16 percent growth would be excellent news for the state’s economy, Idaho’s economy appears to be well ahead of schedule and on track to significantly outpace the national economy.

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May. 4, 2016

Idaho is First in the Nation for Employment Growth

Idaho experienced the largest increase in employment growth in the country between March 2015 and March 2016, according to the U.S. Bureau of Labor Statistics.

The number of employed Idahoans rose 3.6 percent to 691,800 workers – an increase of about 24,000 workers.

Idaho saw growth across most industries, but its largest increases were hospitality and leisure, construction and manufacturing, according to the Idaho Department of Labor.

Jun. 2, 2016

Idaho Ranks Second In Tech Sector Growth

Idaho was recently ranked number two in the country for Tech Sector Growth, closely behind Utah. Idaho's Tech sector grew by 6.3 percent between 2014 and 2015, according to CompTIA’s 2016 Cyber States Report. The report also highlighted that Idaho's Tech Sector, on average, pays 136% better than the average private sector position. 

Apr. 25, 2016

Idaho is No. 1 in U.S. for job growth since March 2015

Idaho has ranked No. 1 in the nation for job growth in the past year, according to the federal Bureau of Labor Statistics.

Idaho was among 37 states that had a statistically significant increase in employment between March 2015 and March 2016.

The steepest rise was in Idaho, where employment grew 3.6 percent.

Jun. 1, 2015

Idaho Ranks First for Job Growth in 2015

Idaho recorded the largest percentage increase in job growth throughout the nation for the first four months of 2015. Since the end of 2014, employment has increased by 2.2 percent in the Gem State totaling an average of 672,325 jobs. Idaho was followed by Utah at 1.8 percent and Washington at 1.3 percent. 

May. 30, 2017

Grow Here: Wyatt Schroeder on Intentional Growth

by Marissa Lovell

While bouncing around the East Coast working on political campaigns, Wyatt Schroeder heard countless stories of poverty and homelessness. Never having lived that experience, he felt compelled to address these issues head on and began working in low-income housing repair with AmeriCorps. Hearing stories of struggle and perseverance to maintain a healthy living environment gave him a fresh perspective on his own life and his ability to give back to those in need. Following this pursuit to Virginia and Philadelphia, Wyatt found himself seeking a change of scenery and started to look at cities that were beginning to grow. Within a few hours of visiting Boise, he knew the City of Trees was going to be home.

In 2015, Wyatt was hired as a consultant for Charitable Assistance to Community’s Homeless (CATCH) Inc., a local nonprofit organization with a vision “for an Idaho where no family experiences homelessness and those that do are swiftly and compassionately guided back into a home of their own.” At the time, CATCH was facing serious financial distress. The organization had a maxed line of credit and was operating with 50 percent of funding sourced from a grant that was nearing its end. Wyatt was soon hired as Executive Director of CATCH and began to make moves towards getting the organization back on its feet.

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Dec. 28, 2017

Census Data Highlights Pacific Northwest Population Growth

Migration to the region—rather than births—made up the bulk of population growth.

Last year, Idaho was the smallest state in the region with just under 1.7 million people. So when approximately 36,917 babies and newcomers landed in the state, it gave Idaho’s population a big boost.

And, according to new Census numbers, all those new people made the state’s growth rate the fastest in the country since July 2016.

Clark Krause is with the Boise Valley Economic Partnership, which works to attract business and workers to the area. He said Idaho is home to some major employers.

“We have a nice tech cluster that is started here and of course that is anchored by Hewlett Packard and Micron who have huge units here,” he said.

Krause also said Boise’s access to the outdoors is a selling point.

Apr. 13, 2015

Cradlepoint Closes $48 Million Growth Equity Financing

by Cradlepoint

Cradlepoint, the global leader in 4G LTE networking solutions for distributed enterprises, has closed a Series B round of $48 million growth equity funding. The proceeds will be used to accelerate its international expansion and development of industry-leading cloud-managed Wireless Wide Area Networks (WWAN) and security solutions. The round was led by Sorenson Capital, with participation from Delta-v Capital and The CAPROCK Group.

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Jun. 3, 2016

Idaho Led The Nation In Construction Job Growth In April

Idaho had the No. 1 construction job growth in the nation from March to April. Only 23 states saw job gains in construction in early spring, according to the Associated General Contractors of America. “The slowdown for the month (elsewhere) may reflect the elevated hiring that occurred earlier this year in many states that experienced mild winters,” said Ken Simonson, chief economist for the AGC. Statewide, construction jobs in Idaho reached 41,600 employees in April, the highest level since October 2008, according to an AGC analysis of U.S. Department of Labor data. Idaho peaked at 53,300 construction workers in June 2006.

Sep. 22, 2016

How Albertsons’ top HR exec led his workforce through 2,700% growth

If you’re looking for an expert on leading employees through tremendous change, consider Andrew Scoggin. You’d be hard-pressed to find a human resources executive whose resume includes a steeper uphill climb.

Scoggin is the executive vice president of HR, labor relations, public affairs and government relations for Albertsons, the grocery chain based in Boise.

Albertsons in the past four years has transformed from a midsized company to the second-largest traditional grocer in the U.S. It also went from owning none of Idaho’s Albertsons stores (despite having its headquarters and roots in Boise — a quirk that confused many Idahoans) to owning all Albertsons stores in its home state and many other grocery-store chains nationwide.

Jun. 9, 2016

Kiplinger Says Idaho Will Be State With Biggest Job Growth This Year

According to business and finance publisher Kiplinger, Idaho will be the state with the biggest job growth this year. Kiplinger predicts 23,580 new jobs in Idaho in 2016. That’s a growth rate of 3.5 percent, which beats Arizona, the next state on the list, by a third of a percentage point.

“The Gem State is home to booming tech and aerospace industries, as well as military bases that boost spending in surrounding areas. And as Idaho attracts more residents from other states, companies both old and new are expanding here…” - Kiplinger

The article cites several planned company expansions in Idaho. In food processing it says there will be hiring from Simplot and Chobani and more manufacturing jobs with Micron and American Food Equipment.

Jul. 20, 2015

Job Growth in Idaho Tops National Average for 2015

Idaho is one of ten states that are likely to see the fastest employment gains in 2015. MSN Money has forecasted Idaho at 3.4% for job growth this year, surpassing the 2% national average. 

Aug. 24, 2015

Kristin Armstrong a catalyst for growth of women’s cycling

From the costumes on Moonstone Road to the packed crowds on Washington Street, happiness and excitement filled the air through the three days of women’s racing over the weekend from Breckenridge to Golden in Colorado.

Kristin Armstrong soaked up the energy from the fans in downtown Golden after the conclusion of the inaugural Women’s USA Pro Challenge, shining in bright yellow as overall winner.

“I think that people always ask why I continue to comeback, and it’s moments like these, this is why I comeback,” Armstrong said.

Armstrong is not slouching around in her second comeback — she has goals of another world championship and Olympic gold medal. Despite the high expectations, she is doing more than racing her bike, she is helping grow the sport both among her fellow riders and the public. As one of the most recognizable names on the women’s side, her voice is heard, and she is making it known that women’s cycling is the next big thing.

Mar. 18, 2016

Meridian sees strong job growth in high-paying sectors

When 24/7 Wall St. measured the health of cities' job markets in November 2015, the report highlighted Meridian's job market, which saw twice as much growth than the national job market from 2012 to 2014. “Everything in Meridian has been performing well,” Ethan Mansfield, the southwest Idaho regional economist with the Department of Labor, told My Meridian Press. “There's a strong growth in the low-paying jobs...but there's also strong growth in the high-paying jobs, too.”

Feb. 12, 2016

Boise had Largest Venture Capital Growth in 2015 According to NVCA

We can track the evolution of emerging tech hubs with a wide range of indicators. IPOs, acquisitions, unicorn valuations and funding rounds are just a few. And when you start to look at change over time instead of just totals, several cities outside of Silicon Valley start to look really impressive. With a staggering 3,269 percent jump in investment money, Boise had the biggest surge in VC funding in 2015. However, unlike Miami’s healthcare sector rise, the success of Boise hinged on fewer deals of higher dollar amounts. In particular, network solutions company CradlePoint hit it big with a $48 million Series B funding in April. CradlePoint focused on using the funds to acquire, which it did later by buying software-defined networking company Pertino.

Then in December, fraud detection organization Kount hit it big with an $80 million announcement (this investment was from private equity, rather than VC funds). Kount protects users from online and mobile payment fraud, and its emergence asserts the company’s place in a cyber security field traditionally crowded with Boston and DC-Virginia pillars.

CVC Capital Partners Managing Partner John Clark assessed Boise’s evolution, explaining that the investment aligns with company strategy of “partnering with uniquely positioned technology companies in large, growing markets.” With these investments and the continued presence of Boise anchor Micron Technology, it’s worth keeping your eyes trained on Idaho’s most populous city.

Jan. 11, 2017

Idaho Population Growth Strongest Since 2008

by Idaho Department of Labor

Idaho’s population grew by 1.8 percent between mid-2015 and mid-2016, the third strongest increase of all states and 1.1 percentage point ahead of the national growth rate. 

According to the U.S. Census Bureau, the state’s population was 1,683,140 as of July 1, 2016, an estimated increase of more than 30,300. This was the strongest increase since 2008 when the population grew 1.9 percent with an increase of 29,200.

Idaho’s population growth can be attributed to a high birth rate and domestic migration, which accounted for 90 percent of the state’s population growth. Idaho ranked fifth in the country for in-migration as nearly 19,000 people moved from other states and countries between mid-2015 and mid-2016. The state’s birth rate was 13.7 births per thousand women, the seventh highest in the country.

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Jun. 16, 2016

New Hotels Complement Ongoing Growth and Interest in Downtown Boise

Boise is riding a tidal wave of interest that has not only fueled housing development but is impacting tourism and travel — best demonstrated by three new hotels rising up downtown.

Several factors are driving the development, including demand from convention-goers at the Boise Centre, which is currently undergoing a major expansion, as well as the greater number of businesses that now call Boise home, which has fueled travel and hotel stays from employees from other markets. Another factor is the desire by the national chains, or “flags,” such as Hyatt, that want to add properties in the downtown core where they haven’t previously had a presence.