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Angels will keep investing, but conservatively, survey says
[caption id="attachment_236957" align="alignleft" width="300"] Angel and venture capital investors nationwide, such as StageDotO in Boise, are likely to be more conservative, according to a recent survey. Photo courtesy of State Historic Preservation Office[/caption] Angel investors still expect to keep investing in early-stage startups despite the COVID-19 coronavirus pandemic but are likely t[...]
Bank of Idaho opens permanent Nampa branch
[caption id="attachment_249875" align="alignleft" width="300"] The Bank of Idaho is opening its permanent branch in Nampa on May 18. Photo by Sharon Fisher[/caption] Bank of Idaho opened its newest permanent branch in Nampa on May 18. The branch is at 324 12th Avenue South, a building previously occupied by KeyBank. It is the company’s eighth full-service location statewide. The building i[...]
Columbia Bank to open innovative branch concept in Boise
[caption id="attachment_249799" align="alignleft" width="300"] Columbia Bank is bringing its "NeighborHub" branch concept, like this one in Ballard, Washington, to Boise. Photo courtesy of Columbia Bank[/caption] It’s a bank branch. It’s an arts venue. It’s a meeting place. It’s a NeighborHub, and Columbia Bank is bringing one to downtown Boise, at 190 N. 8th St. “Columbia Bank is [...]
Accounting firms grapple with unprecedented impact of coronavirus
For the accounting industry, this has been a tax season like no other in memory. Typically, the weeks leading up to April 15 are an endless succession of long hours in the office, meeting with clients, gathering tax information, filling out forms. This year, with the coronavirus wreaking financial havoc on businesses and families, the deadline for filing tax returns postponed and accounting [...]
Small firms report more success with second-round Paycheck Protection Program
[caption id="attachment_249607" align="alignleft" width="300"] Tin Roof Tacos is keeping its Boise-based small business going and its employees working with PPP loans. Photo courtesy of MoFi[/caption] The second round of Paycheck Protection Program (PPP) funding to help small businesses affected by COVID-19 economic disruption is lasting longer and appears to be doing a better job of going to t[...]
Dirk Stanger joins D.L. Evans Bank as a vice president commercial loan officer
Dirk Stanger has joined D.L. Evans Bank as a vice president commercial loan officer for the Rigby branch. He has 13 years of financial experience and holds a bachelor’s degree in business management and finance from Brigham Young University – Idaho.
COVID-19 small business loan program already broke
[caption id="attachment_248736" align="alignleft" width="200"] Studio Move yoga and dance studio was unable to get a loan when the program ran out of money. Photo courtesy of Studio Move[/caption] Less than two weeks after it launched, the CARES Act's $350 billion has already been allocated, leaving many businesses— including some in Idaho — out in the cold. On March 27, President Dona[...]
Could working from home impose new state tax liabilities?
[caption id="attachment_198994" align="alignleft" width="300"] Idaho residents who normally commute to Spokane to work but are now working at home could create tax liabilities for their companies. File photo[/caption] The flurry of stay-at-home orders imposed recently by most state governors could create a tax problem, but it isn’t clear how much of an issue it could be in Idaho. The probl[...]
CARES Act loans coming through for Idaho small businesses
[caption id="attachment_248500" align="alignleft" width="300"] Henry Yun recently received a loan through the CARES Act for his business, Green Leaf Cleaners in Eagle. Photo courtesy of Green Leaf Cleaners[/caption] Henry Yun, owner of Green Leaf Cleaners, an eco-friendly dry cleaner in Eagle, was relieved when his loan from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Ac[...]
Idaho financial institutions plan to construct new buildings
[caption id="attachment_248202" align="alignleft" width="300"] Idaho Central Credit Union is planning a new branch in a busy section of southwest Meridian. Image courtesy of ICCU[/caption] This article was updated on April 8 to correct the name of a project. Despite the COVID-19 coronavirus that is leading banks and credit unions all over the country to limit their on-site services, two Idah[...]
Nampa urban renewal agency saves almost $5 million on bond refinance
[caption id="attachment_161045" align="alignleft" width="300"] Library Square in Nampa is a mixed-use project built by Gardner Co. in 2015. It includes the 62,000-square-foot public library, more than 13,000 square feet of office and retail space, a 300-stall parking garage and a public plaza. Photo by Pete Grady[/caption] Just like refinancing a mortgage can save a homeowner money, refinancing[...]
Idaho financial institutions deal with COVID-19 coronavirus
[caption id="attachment_247495" align="alignleft" width="300"] Nationwide, banks without drive-thru windows like this are temporarily closing their branches. Photo by Sharon Fisher[/caption] In response to COVID-19, a number of banks and credit unions are taking steps to protect their customers and employees, including converting to drive-thru only, limiting hours and closing some branches. [...]
