Idaho hotel owner is betting on a water-saving laundry machine that uses polymer beads

Water Saving Laundry Washers Hit Big in Idaho

Jerame Petry happened upon an article in Lodging Magazine that caught his attention. As the owner of three hotels in western Idaho, Petry often looks for ways to save money and increase profits. The article he read described a new type of commercial washing machine; one that uses nylon polymer beads and very little water and electricity. Jerame estimated he would be able to lower his water usage by 1.3 million gallons of water per year at his three hotels. He took a risk and leased three machines immediately.

The technology that drives these washing machines was discovered nearly 10 years ago at the University of Leeds School of Textiles in the U.K. Scientists realized these tiny nylon beads were incredibly effective at absorbing dirt and stains from clothes when mixed with a little bit of water and a different type of detergent.

The Xeros Corporation was the first company to incorporate this technology and bring their washers to market. They debuted in the U.S. at a trade show in New York, where potential customers (many of them hotel owners) were fascinated and a little bit skeptical at first. The potential savings, as well as the environmental impact, was too attractive to pass up.

The machines use thousands and thousands of beads to clean clothes. The washers utilize the nylon polymer beads with a tiny bit of water and a special detergent. The nylon beads act as sponges, soaking up dirt and debris. After the cycle is finished, the beads are removed from the washer and can be reused – up to 1,000 loads. The service fees and replacement beads run each user around $600 per machine per month.

By the time Petry read about this technology, the machines were already up and running in some areas of the U.S. The machines were effective and the savings were palpable. The reduction in carbon footprint for these machines was incredible.

The Xeros salesmen were claiming savings of:

  • 50% less energy
  • 50% less detergent
  • 80% less water

However, users of these machines were astounded to realize the actual water savings is closer to 90%. These machines clean more efficiently than regular commercial washers. And the beads are much gentler on clothes and linens. Some equate these gentle commercial washers to hand washing. A gentler wash for hotel linens mean a longer life and less replacement costs.

While Petry was the first to lease machines in Idaho, Xeros had already clients using these machines in California, Washington and Oregon. With a constant battle against drought, one California hotel operator leased three machines from Xeros. His estimated water savings after only one quarter was about 4 million gallons of water – or roughly the size of 6 Olympic swimming pools.

Petry is no stranger to taking risks on new technology. He conducted a lot of research on these machines and Xeros. When he realized how great the environmental benefits could be, his decision was made.

In all three of his hotels, Petry estimates his machines wash 580,000 pounds of laundry combined each year. Financial and environmental impacts aside, Petry also found that these washers cleaned more efficiently than traditional washers, allowing his housekeeping staff to wash more linens in a shorter amount of time.

The Hotel & Hospitality Industry is responsible for 15% of all commercial water use in the U.S. Not only is Petry saving money for his business, he’s also helping the environment. Whereas traditional hotels may save water usage by asking their customers to reuse towels and linens, Petry is going the extra mile with these washers.

It is very rare for innovative technology like this to come to the hotel industry. The potential impact and savings are huge. Jerame Petry hopes more hotels will follow in his footsteps. Idaho Car Title Loans

Why You Need To Take a Closer Look at Idaho’s Business Tax Reimbursement

If you are a business owner based in Idaho or have plans to do business in Idaho, now would be a good time to take a closer look at the Business Tax Reimbursement Incentive and allow it to tip the scales for you.

Along with a combination of other benefits offered by the state of Idaho, the Business Tax Reimbursement Incentive alone is worth jumping on the bandwagon with others who have found it to be one of Idaho’s great game changers.

Those who do decide to jump on the bandwagon will be in good company as some very prominent businesses have already taken full advantage of all that this reimbursable tax benefit has to offer.

Here’s How It Works

The State of Idaho has put forth a tremendous amount of effort to encourage further business growth and expansion. And now, with the new Business Tax Reimbursement Incentive, there’s, even more of a reason to do business in Idaho.

“The TRI, short for the Idaho Tax Reimbursement Incentive went into effect on July 1st of 2014. It has already proven to be a game-changer in the state of Idaho. Just this past year both national and international attention has been given. They continued to rank in the top 10 list of several key performance areas. This includes areas such as job growth, economic strength, and business development. More specifically the rankings involved in the following areas:

• the American Legislative Exchange Council ranked the state of Idaho 6th in the nation for 2015 Best Economic Outlook
• They ranked 2nd for “Overall Most Friendly State for Business” by the Governing magazine
• They were ranked 1st in the nation for highest personal-income growth by the U.S. Bureau of Economic Analysis in 2013
• They were ranked the 5th-highest GDP growth rate in the nation by the U.S. Bureau of Economic Analysis
• Kiplinger ranked them 6th for the “State with the Fastest Job Growth

In addition to these accolades, they also experienced an $869 million wage increase. These incentives have enabled Idaho to generate a significant amount of momentum through investing into some of Idaho’s current as well as emerging industries, community development efforts and public-private partnerships programs. More specifically, the TRI has provided at least a 30 percent refundable tax credit to be implemented for up to a period of 15 years on all sales, income taxes and payroll. The program is designed to benefit companies that hire a minimum of 50 new employees above the average county wage, which is 20 new employees in rural areas.

Enormous success has been experienced with the implementation of their new incentive programs. They continue to experience a significant amount of interest from current companies who are interested in expanding or new companies who are considering having a presence in the state of Idaho.

As of July 1, 2014, 12 different projects have already been approved for the TRI, which has resulted in improvements in the following key performance areas:
• $869 million was generated in total wages
• 2,294 in total jobs generated
• $336 million in total capital investments:
• New State Revenue that totals $127 million

The state of Idaho takes business development and business growth strategies very seriously. Their government officials work diligently to bring as many opportunities to its Idaho citizens as possible. Their grant and other incentive programs have been the drawing card that has attracted more and more businesses to the state of Idaho than they’ve ever experienced before.

These incentives combined with their already high quality of life to include low costs, low taxes, and receptive government officials makes it the ideal place for business and to make Idaho your permanent place of residence.

Idaho Makes it Easy for Companies to Do Business in Idaho

If you are located in or near Idaho, you may want to consider taking a closer look at the Idaho Business Tax Reimbursement Incentive program as the economy is currently accelerating as a result of this and other programs.

Because of the key performance indicators indicated above, the state’s has made note of the companies that have been attracted to the state of Idaho to establish a new business or expand their existing business to Idaho. Those who decide to make the decision to do business in or expand to the Idaho area will be in good company as other prominent businesses have already taken advantage of its many benefits. These include household names such as SkyWest Airlines, Amy’s Kitchen, Hewlett-Packard, IBM and other business that has been recognized as one of Forbes list of the top 5,000 fastest-growing private companies, which includes Scentsy that ranked 516, Balihoo that ranked 853 and Pita Pit that ranked 4,256.

Existing businesses can also enjoy more and more opportunities being delivered by the State of Idaho in their effort to increase business growth and momentum.

More Reasons to Consider Idaho

In addition to the Business Tax Reimbursement Incentive, there are still even more reasons to consider doing business in Idaho. Such as the following indicated below:
• Their sensible business-friendly regulations make it easy for businesses to get set up and operate in Idaho by removing those regulations that are the most burdensome and interfere with progress and success.
• Their easy access to government programs and officials
• A fast and easy response team of key state government officials known for their ability to quickly respond to companies who are interested in doing business in Idaho.
• Their low taxes and costs

The government officials are also very friendly too. And they know that good relationships mean good business. Being business-friendly also means making it easier to do business in Idaho.
They are also adamant about placing premiums on all Idaho state agencies that remain connected to each other with the intent of responding as quickly as possible to the many opportunities that arise.

Their government officials are also very friendly and encourage networking to increase opportunities. If you are located in or near the Idaho area, you may want to consider their business incentives and all that Idaho has to offer. Idaho Car Title Loans

Trump to Cut Agricultural Subsidies By $9 Billion: An Unpredictable Future for Rural America

Idaho farming regions in rural America, where Trump found some of his biggest supporters are going to take a big hit under the proposed 2018 budget. The USDA will see its budget cut by about 21 percent. This will mean that they have less money to spend on water programs and on staffing for its local Farm Service Agency offices countrywide. The recent election showed that Trump had a lot of support in the rural areas of Idaho. People facing economic hardship because of low crop prices turned on in drove to give Trump their support.

What Leaders Have to Say about It

While the director of market intelligence for the American Farm Bureau Federation agrees that the budget has to be balanced, they still oppose such cuts to agriculture. Collin Peterson, the House Ag Committee Ranking Member of Minnesota, said such cuts would be damaging to the heartland. He said that these cuts demonstrated that Trump had no understanding of the impact such cuts have on rural America. The USDA secretary has yet to be confirmed. Collin Peterson said that when the Agriculture Secretary took up his role, he would be able to explain how valuable these programs were to farmers in America. K. Michael Conaway, who is the House Agriculture Committee Chairman, also criticized the plan. He expressed concern that the cuts would hamper important work carried out by the department. He pointed out the fact that average farm income had dropped to about 50 percent of where it was just four years ago.

What about Mandatory Programs

The USDA has mandatory programs such as the nutritional assistance program and food stamps. These programs made up about 80 percent of its spending in 2016. The programs also include school lunch programs and child nutrition programs.

The Statistical Cuts

It is not yet clear whether Trump plans to cut the statistical capabilities of the USDA. The research staffs at the USDA produce reports and data about commodities such as hogs, cattle, and major crops such as wheat and soybeans. It is not yet clear which areas of statistics will be cut. However, it is an area of concern since all growers rely on market data when making planting, selling, and harvesting decisions.

In 2013, the USDA was forced to make cuts because of the sequestering. It led to the agency having to suspend some of its statistical reports. It was forced to cut its monthly cattle report and suspended data collection for some crops. However, it is not expected that there will be any major cuts, which would affect crop or price reporting.

In general, the USDA has more than 100,000 employees working in over 30 of its agencies and offices. The employees are found in over 4,500 locations across the country and abroad. USDA staff work abroad to promote agricultural trade for the US.

Some of the Hard Hitting Areas

One of the hardest hit areas by Trump’s budget is that of insurance premiums. The US government chips in to help Idaho farmers pay insurance premiums in case crop prices fall or the yield per acre falls. The result would be that the Federal government would reduce spending by about $28 billion in 10 years. Under the proposal, Trump wants to cap insurance subsidies for farmers at $40,000 for every farmer. The thinking behind this is that farmers do not really need incentives to take part in crop insurance. The reason for this is that having insurance is also already an important part of their business model.

Trump has proposed to cut subsidies to farmers by $9 billion. This will be achieved by reducing the maximum income level from $900,000 to $500,000 for one to be eligible. These cuts would also reduce the staff at the USDA by about 5.5 percent. This would lead to about 5,263 lost jobs. Economists and farmers all agree that agriculture needs more support. It employs about 11% of all employees in the US and contributes nearly $1 trillion to domestic productivity

There is No Need for Panic

Experts say there is no reason for farmers to worry. Brent Gloy, an agriculture economist, says it is going to be hard for Trump to get anything done. In fact, a seating member of Congress says the insurance cuts by Trump are unlikely to get past Congress. This is similar to proposed cuts by Obama and Bush, which never saw the light of day. Even farmers say that it is too early for Trump supports to feel let down by Trump. Subsidies for crop insurance have been helpful to farmers when wheat and corn prices have plummeted in recent years.

What Trump’s Side Has to Say

Trump’s administration says the proposed cuts are in line with the promise to balance the budget. Sonny Perdue, who is the acting secretary of Agriculture, says people knew what they were doing when they voted for Trump. He stated that these cuts were a chance for American people to see more being done with less. Some farmers are even supportive of these cuts. They believe that some subsidies are responsible for overproduction of certain crops, which hurts market prices. The budget will eliminate a flagship program known as Food for Peace. This was an international food aid program that would have cost the USDA $1.7 billion.

These are Merely Proposals

Of course, these are just proposals that Congress will have to consider. If past records are anything to go by, it is likely that Congress will reject a huge chunk of them. The agricultural committee chairmen of the House and Senate released a joint statement that did not directly talk about the proposal. However, they did promise to fight to ensure that farmers have a strong safety net.

Additionally, the Chairmen promised to ensure that nutritional assistance programs were aiding the most vulnerable in society. This is an indication that they will revive the rural-urban coalition, which has in the past worked to protect farm subsidies and food aid. Idaho Car Title Loans

Montana & Idaho CDC Teams Up With Capital Matrix to Fund Start-Up and Existing Local Businesses

Montana & Idaho CDC (Community Development Corporation) and Capital Matrix, both nonprofits devoted to helping entrepreneurs who don’t quite qualify for a bank loan, are funding dozens of Idaho and Montana small businesses with millions of dollars of financing.

The two nonprofits are teaming up to do together what they both already do individually, which is lend critical investment capital to businesses that “almost” qualify for a traditional bank loan. The end-result of these “Good Samaritan Lending” efforts is numerous new small businesses creating thousands of new jobs in local Idaho and Montana communities.

Idaho is seeing strong economic growth in recent years, partly due to a business-friendly state government with low taxes, a low regulatory burden, and a constitutionally required balanced budget. Montana’s economy has also outpaced national economic growth, had perpetually lower unemployment rates, and above-average job growth numbers. The contributions and efforts of groups like Montana & Idaho CDC and Capital Matrix have capitalized on these favorable business environments as well as helped to create them.

Montana & Idaho CDC has more than a thirty year history behind it, but it was only in 2015 the group began operating in Idaho and in 2016 that “& Idaho” was added to their name. At this point, a majority of MICDC’s loan volume is Idaho-based and, by 2016, they had assisted over 50 Idaho businesses with timely, affordable business loans not otherwise obtainable. Dozens more small business loans are being issued by MICDC in 2017, and by 2019, it is expected the nonprofit will have have lent out 10 million dollars in Idaho alone.

MICDC specifically focuses on helping business men and women acquire business property, remodel property they already own, purchase essential equipment, or even buy out an existing business. Additionally, they offer valuable business consulting services and are involved in providing affordable housing to Montana residents. MICDC was among the original certified U.S. Community Development Financial Institutions, and their tax credit and other programs have pumped hundreds of millions of dollars into Montana and Idaho communities over the last three decades.

Capital Matrix has the same basic vision as MICDC, to “bank almost bankable small businesses” so they can purchase or lease properties, stock up on initial inventory, and do everything else necessary to get off the ground and running. Capital Matrix is based out of Boise, and they allow Montana & Idaho CDC (which has several offices in Montana) to set up their Idaho office in the same building. Thus, the level of cooperation between these two nonprofits is truly remarkable.

Capital Matrix began in 1983 when the municipality of Boise, the local chamber of commerce, and individual Idaho entrepreneurs got together to find a way to promote local small business growth. Today, the nonprofit is privately owned and operated but is also a licensed administrator of the federal SBA 504 loans program.

In 2016, MICDC was awarded 90 million dollars in funds for the New Markets Tax Credit program in recognition of its longstanding commitment to helping local communities grow and prosper. That was the 7th time they received the award, making their all-time grant money for the program reach to over 400 million dollars. The New Markets fund is devoted to helping both start-up and expansion projects for Montana and Idaho businesses. The tax credits are also used to fund community buildings that benefit low-income residents.

Considering how many contenders there are every year for the New Markets Tax Credit program, it is remarkable that MICDC has “won” the application process so often. (Only around half of applicants are approved.) And Montana & Idaho CDC has made every dollar invested in the tax credit fund pay big dividends, creating over 2,000 permanent, good-paying jobs and bettering the lives of tens of thousands in local communities.

Some of the specific businesses and other projects helped by MICDC and Capital Matrix over the years include: Telaya Wine, Richard’s (a restaurant), Zeppole Baking, Valley Natural (jerky manufacturer), Red Lion Inn and Suites, the tribal administrative building for the Fort Peck Indian Reservation, Universal Athletic Service HQ, and the Cameron Family Center run by the Great Falls Rescue Mission. The list could go on and on.

Both Montana & Idaho CDC and Capital Matrix have served budding entrepreneurs and local communities in Idaho and Montana for decades with critical financing not otherwise available. The total impact they have had, and continue to have, on the lives of local residents and on state and local economies is difficult to measure, but it is clearly great. Idaho Car Title Loans