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Author Archives: Benton Alexander Smith

Benton Alexander Smith is a reporter for the Idaho Business Review, covering the Idaho Legislature, new business, technology and financial services.

Up where drones fly, compliance with law is hazy (access required)

Many Idahoans using drones without a permit instead of going through an expensive Federal Aviation Administration licensing process. While recreational use is allowed, business use of drones requires an exemption from the FAA. There have been 23 exemptions issued to ...

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ITC outlines recent investment in deal flow report

Idaho companies did a good job of securing capital last year, increasing investment from $3.47 billion to $16.29 billion between 2014 and 2015. The Albertsons acquisition of Safeway accounted for $8.5 billion of the transactions analyzed in the Idaho Technology Council’s ...

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Coeur d’Alene may allow vacation rentals (access required)

Coeur d’Alene is writing an ordinance that will allow residents to turn their property into short-term vacation rentals. A draft of the ordinance was sent to lawyers to be reviewed and then the edited version will be released to the ...

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Ponderay’s Diedrich Roasters is acquired by Chicago investment partnership

Ponderay-based Diedrich Roasters has been acquired by a Chicago private investment partnership called City Capital Ventures. Diedrich manufactures personal and industrial-size coffee roasters. It was founded in 1980 by Becky and Stephan Diedrich. When the pair decided to retire, CEO ...

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Idaho congressmen come out against proposed salary threshold increase (access required)

photo of u.s. capitol

Both Idaho U.S. representatives have endorsed a proposed House resolution that would bar the U.S. Department of Labor from raising the overtime salary threshold to $50,440. The threshold dictates whether an employer has to pay time-and-a-half to a salaried employee ...

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Idaho app is inventory-tracker (access required)

Boise-based Gigmi has released an app designed to help individuals organize and sell collections of items and to help businesses keep inventory of stock. Gigmi formed in June 2015 when Brian Packer, now CEO of Gigmi, met with Nathan Cook, ...

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Survey: Mobile payment options are increasing, but so is fraud (access required)

Merchants are using mobile pay more and more frequently, but most don’t know if doing so increases  their risk of fraud, according to a survey by the Boise-based Kount. Kount, an electronic commerce security firm, surveyed businesses for the fourth ...

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Boise-built software helps electricians calculate estimates (access required)

Boise-based Retrolux finished its first fundraising campaign May 3. Now it’s refining its product for electricians and contractors to help them calculate power rebates for customers on the spot. Retrolux is a Boise-based company founded in 2012. Retrolux provides a software ...

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Boise Hawks baseball team takes flight (access required)

New marketing and stadium upgrades helped the new owners of the Boise Hawks baseball franchise increase attendance last year by 26 percent. Corporate partnerships are up by one-third this year to 94, and owners Agon Sports and Entertainment are talking ...

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