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Financial Services

Treasury management is helping local businesses of every size manage payment risk

The pandemic has driven Idaho’s small and medium-size businesses to expand their digital footprint. It’s been a much-needed lifeline for business owners looking to source customers, suppliers and growth opportunities. Unfortunately, our treasury management teams are seeing the downside of ...

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Wells Fargo awards grant to Economic Opportunity by Jannus  (access required)

In Idaho, Economic Opportunity by Jannus (EO) is doing its part to empower underserved Idahoans through its one-of-a-kind business development programs, including those in the agriculture sector. Wells Fargo recently awarded the organization $345,000 through its Open for Business program to ...

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Biz ‘Bites:’ Boise Airport to start construction on 2 new parking garages 

Boise Airport to start construction on 2 new parking garages The BOI Upgrade Airport Expansion Project is continuing with a groundbreaking for an additional public parking garage and an employee parking garage. Construction, which will begin near the end of ...

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4 strategies to help your business adapt to rising inflation and interest rates  

As we kick off 2022, it’s a great time to evaluate the business environment and plan ahead for success. Some of the most pressing challenges for many businesses are rising inflation and climbing interest rates, which represent a major reversal of recent trends.    The following four strategies can help position your business to withstand these challenges.   Strategy #1: Audit the spending habits of your ...

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Financial experts share 2022 economic, market outlook  (access required)

Wage pressure remains high and inflation is climbing — dramatically affecting the economy and just about every industry — but what does that mean going forward? Rich Mebius, portfolio manager, and Robert Spendlove, senior vice president and economic and public policy officer, took a crack at answering that question Jan. 4 during Zions Bank’s periodical Economic and Market Outlook presentation.  2022: ‘The year ...

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Long live the consumer 

Recent economic data has shown a rapid inflation pick-up. We are seeing this firsthand in grocery stores and at the pump. While the most recent Consumer Price Index increase was the highest in 30 years, we believe this spike will normalize as we move into 2022. While prices ...

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Year in Review: Rebounding continues thru banks, credit unions, government  (access required)

“Rebound” was the word of the year for financial institutions and many of their stakeholders last year, especially coming out of 2020.  Payment Protection Program (PPP) loans made a second appearance in the millions early in the year. Financial experts regularly reviewed ...

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Idaho receives top AAA credit rating (access required)

The State of Idaho received a default credit rating of AAA from Fitch Ratings Inc. on Nov. 4. This is the highest rating that Fitch Ratings issues. Idaho is now in rarefied company, since at any one time, only around ...

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Tech announcements

New tech thru City Go to ‘make transit easier’  Paying for transportation around Boise and the Treasure Valley is easier than ever before thanks to the City Go Wallet, which launched today from Valley Regional Transit (VRT) partnered with Cubic Transportation Systems (CTS) to launch City Go Wallet, ...

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Financial experts comment on rising challenges (access required)

“What’s going on with inflation” is just one question Robert Spendlove addressed in a recent economic forecast presentation Oct. 28, aptly titled “Navigating the return of uncertainty.” As of September, consumer inflation is up to 5.4% year over year (YOY); ...

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