Idaho Business Review IBR
NeightborWorks breaks ground for Cole Bluff Cottages
Groundbreaking for NeighborWorks’ newest pocket neighborhood, Cole Bluff Cottages. Photo by Catie Clark
NeighborWorks Boise broke ground on Sept. 14 to mark the beginning of construction on its eighth and newest pocket neighborhood, Cole Bluff Cottages. The development uses the land trust business model to ensure that 30% to 40% of the new homes remain affordable to households earning 80% or less of the area median income in the Treasure Valley. The pocket neighborhood will have 39 residences built around a central shared green space.
Homes built during the first phase of construction are planned to be ready for occupation in 2022. The rest of the homes will be constructed during phase two, which is scheduled to be finished during 2023.
Business unclaimed property
State Treasurer Julie Ellsworth is doing an outreach on unclaimed property in Idaho for businesses. Businesses with unclaimed property have until Nov. 1 to report those amounts to the unclaimed property division of the state treasurer’s office.
Examples of unclaimed funds are abandoned checking accounts, savings accounts, stocks, bonds, mutual funds, utility refunds, items stored in safety deposit boxes and more. There are many reasons why funds become abandoned. A few of these include an incorrect address, a name change, divorce, a death or simply forgetfulness. It is a state law that Idaho businesses are required to report and remit abandoned funds that belong to customers and clients by Nov. 1. Once money is turned over to the treasurer’s office, it is safeguarded, and attempts are made to locate the owners.
Businesses can report unclaimed property at yourmoney.idaho.gov. Idaho businesses with unclaimed property from previous years can apply for a voluntary disclosure agreement (VDA) which alleviates interest and penalties. A VDA form can be requested by emailing Britiany Anderson, business specialist, at [email protected].
Individuals can check to see if they have unclaimed property owed to them at yourmoney.idaho.gov. It is also possible to search for unclaimed property held in other states at missingmoney.com.
Boise’s Record Exchange sold
New owners (no order) of the Record Exchange: Catherine Merrick, Glenn Newkirk, Chad Dryden and Erica Sparlin Dryden. Photo courtesy of The Record Exchange
After founding The Record Exchange in 1977 and growing the business into a downtown Boise institution, Michael Bunnell and Jil Sevy are retiring. Bunnell and Sevy sold the business on Sept. 8 to longtime employees Catherine Merrick, Glenn Newkirk and Chad Dryden, and Dryden’s wife Erica Sparlin Dryden.
Under the leadership of Bunnell and Sevy, the store earned accolades from grammy.com and several national publications, most recently No Depression magazine, which named The Record Exchange one of the top 75 record stores in the country. Locally, The Record Exchange won both the Idaho Statesman and Boise Weekly’s Best Record Store reader’s poll awards for so many consecutive years that the category was retired.
While it is well-known for its deep music inventory, the store diversified to include gifts, apparel and Downtown Boise’s first espresso bar. Sevy, Bunnell’s wife and partner, officially joined the staff in 2001 as the gift shop buyer and manager and was instrumental in growing the store’s non-music offerings.
“We are very grateful to the Boise community for its support over the years, in particular the local musicians who have played our stage and contributed their talents to countless store events,” Sevy said. “We thank the wonderful employees we’ve worked with over the decades, including our two sons Ian and Eric, who have all been a vital part of The Record Exchange family.”
$22 million available for rural transit
- FTA 5310: Enhanced Mobility of Seniors & Individuals with Disabilities
- FTA 5311: Rural Formula
- FTA 5339: Bus and Bus Facilities
- Vehicle Investment Program
