1027 Idaho Private 75 32p

75Idaho’s Top Private

Companies 2013

Idaho Private

An advertising supplement to the Idaho Statesman • Sunday, October 27, 2013

Why Idaho?

2 idaho private 75 • sunday, october 27, 2013 Idaho statesman • Idahostatesman.com

-––––––––– 2013 Edition –––-––––––

‘Cautious optimism’ sets the trend for future growth PagE 2Diversity and no-place-like-home create a strong business environment PagE 4 It’s not ‘Why Idaho?’ — it’s ‘Why Not?’ PagEs 6Hayden Beverage Company shows growth PagEs 8Executive Spotlight PagEs 10-142013 IP75 listings PagEs 16-18Health insurance industry sees changes PagE 20Blue Cross of Idaho is geared up and ready PagE 20Regence BlueShield of Idaho is up to the challenge PagE 21BVEP game plan a winner PagE 22Home construction industry sees rise PagE 26The Village at Meridian is a Russell Corporation showpiece PagE 28-29

2013

Idaho Private 75 is a custom advertising publication of the Idaho Statesman

and is available online at IdahoStatesman.com/IdahoPrivate75

‘Cautious optimism’ sets the trend for future growthThe Russell Corporation makes the strongest move

by dusty parnellThis annual IP75 list is always an interesting look at

some of the most successful privately owned businesses in Idaho. It gives some clues as to what might be happening in industries other than yours — who’s moving up, who’s sliding, and whose name is new to the list. It’s only a snap-shot, but it’s always a fun little spreadsheet to check out.

“This year’s list represents where we are as an economy five years after the worst financial crisis most of us have seen,” said KeyBank Idaho President Kevin Donovan. “Our growth continues to be slow, but the diversity of the list shows our state in a healthy position.”

The companies respond to the survey on a voluntary basis and calculations are based on annual gross revenues. The companies must be privately held and headquartered in Idaho to qualify. KPMG compiles the list, and Managing Partner John Hale notes there are a few companies who make a return to the list this year who either fell short of the list in the past or had not participated.

“The decision to participate in the listing is at each com-pany’s discretion, but we enjoy watching as companies across the state are gaining momentum and enjoy the ben-efit of being recognized for their success,” he said.

Though you might have to look a little more closely this year.

“We’re seeing many repeat companies from past years and not a lot of movement on the list. That’s to be expected considering our slow recovery,” Donovan said. “Right now, some of the healthiest sectors of our economy are driven by companies that have long-standing roots in Idaho. Companies with deep roots in Idaho are naturally going to be driving our economic recovery. We’re fortunate to have so many of those businesses on this list, because it shows how we were able to weather the last few years in good shape.”

Donovan sees some good numbers and good forecasts for a number of industries.

“For example, the latest quarterly economic report for Idaho has forecasted growth for construction and mining,” he said. “While we have a number of industries that contrib-ute to our state, mining and construction are bellwethers for growth across many sectors. They form a bedrock for our state economy. Those two industries are critical to our state if we’re going to continue to grow.”

One of the companies Donovan and Hale are talking

about is The Russell Corporation. While most of the con-struction industry is doing well (just count the number of construction cranes around the valley), The Russell Corporation’s revenue is up significantly and re-enters the Top 75 for the first time in several years at No. 70. Always a steady performer in the valley, landing the Village at Meridian project was a major coup.

Hubble Homes is back on the list at No. 67 after missing out the past two years. In fact, the home construction busi-ness is one of those seeing a slow but consistent upward movement. CBH Homes moved up 19 spots to No. 45. Both those homebuilders were in the Top 30 in 2007 and look headed back in that direction. Idaho Pacific Lumber Company was another Top 30 performer that year, and the supply company is up 10 spots this year to No. 37. Even BMC Building Materials & Construction Services moved up a couple slots in the Top 10 to No. 8. Keep in mind that ear-lier this year Boise was ranked No. 3 in the nation of Metro Markets Leading the Housing Recovery. It’s an industry that’s just itching to get back to business. Although it’s not picked up a lot of speed, new homes continue to move at a slow, steady pace in certain areas.

Another industry showing some upward movement is auto sales. Most of those companies edged up over last year, when they also showed improvement. Expect more of the same next year. Percentages are up double figures this year, and claims for August show the best sales numbers nationwide in six years.

Three more companies slid back onto the list this year

after hanging around at the outer edges: Stein Bros, a gro-cery chain based in Rathdrum, Tri-City Meats of Meridian and D&D Transportation Services of Gooding are all back.

One company missing from this year’s Top 10 — and the list altogether — is Boise Cascade. A former No. 1 play-er, the company went public earlier this year. That made room for Scentsy’s first appearance in the Top 10, where it seemed destined for at some point anyway.

A couple other companies showing big moves upward were Hawkins Companies and CBH Homes, climbing 19 places, and Hansen-Rice, who moved up 14 spots.

a dEEPEr look“The Idaho economy is starting to repair nicely,” Hale

said. “In the ‘recovery’ stage, companies start growing again, but there aren’t that many breakout industries post-ing outsized growth, so industries and sectors may be more prone to move in tandem as we move from recovery to growth.”

Idaho did see an increase in unemployment numbers this summer, but Donovan believes some of that was due to changes in seasonal government work. Meanwhile, the unemployment rate in four of Idaho’s five metro areas actu-ally declined from July to August.

“We can’t ignore the impact the last five years has had on our economy, in Idaho and nationally,” Donovan said. “But I’m talking with businesses and owners every day.

Photo by dusty ParnEllThe construction industry in Idaho has remained strong the past few years in comparison to other sectors, due largely to continued growth in population and expansion needs. The J.R. Simplot Company is No. 1 for the second straight year. JUMP (Jack’s Urban Meeting Place) is a privately funded $70 million project. This multi-purpose center between Front and Grove streets in downtown Boise is described as a “not-for-profit, interactive creative center and community gathering place.” The six-story, 65,000-square-feet showpiece is expected to be completed in 2014.

intro continues on P.15

“I’m talking with businesses and owners every day. Businesses are looking to expand their opera-tions and hire more people. While it might not be happening as quickly as we’d all like, I’m see-ing positive things every day.”

— Kevin Donovan, Idaho President of KeyBank

Idahostatesman.com • Idaho statesman sunday, october 27, 2013 • idaho private 75 3

The value in big data is all in how you see it.

There’s no getting around it, data is everywhere. But it doesn’t help unless

you can see the big picture. And that takes perspective. It’s that kind of perspective

you’ll find in KPMG’s approach to Data Analytics. We help you access and analyze

complex data from across your organization, then turn this information into clear, actionable

insights. So you can create more value from your data. And keep your organization moving

in the right direction. Learn more about our perspective. Contact John Hale, Principal,

Advisory at 208-389-6511 or [email protected], or www.kpmg.com/us/data.

kpmg.com

© 2

013

KPM

G L

LP, a

Del

awar

e lim

ited

liabi

lity

part

ners

hip

and

the

U.S

. mem

ber f

irm o

f the

KPM

G n

etw

ork

of in

depe

nden

t mem

ber f

irms

affil

iate

d w

ith K

PMG

Inte

rnat

iona

l Coo

pera

tive

(“KP

MG

Inte

rnat

iona

l”),

a Sw

iss

entit

y. A

ll rig

hts

rese

rved

. Prin

ted

in th

e U

.S.A

. The

KPM

G

nam

e, lo

go a

nd “

cutti

ng th

roug

h co

mpl

exity

” ar

e re

gist

ered

trad

emar

ks o

r tra

dem

arks

of K

PMG

Inte

rnat

iona

l. N

DPP

S 21

4129


by dusty parnellFor those of us who live here and raise our families

here, this year’s theme of “Why Idaho?” seems obvious. Just look around. Low crime rate. Outdoor recreation minutes away, no matter where in the state you live. A football team to root for. Decent weather. Traffic jams? What are those?

But as a businessperson, why Idaho? We rank 39th in population and 45th in people per square mile. We’re hours away from the next major urban center. Sure, we have a seaport, but to most people it sounds more like the answer to a trivia question.

We have diversity. That’s one of the best answers. We have agriculture, recreation and high-tech businesses. We have other models that rely on new-fashioned ways of doing business, like Scentsy, Melaleuca and Bodybuilding.com. We have a government that is business friendly.

And we have new partnerships that bring together government, business and higher education institutions to shape a hungry workforce. It’s also true that many of these companies are homegrown, which also explains why Idaho. It’s home.

“I’m impressed by the diversity of industries in which the companies have achieved success. They have identified opportunities in many areas,” said Brian Hansen, a partner with Holland & Hart LLP, one of the sponsors of this annual list. “Idahoans are industrious by nature. This state is a great place to live, and talented people are interested in grow-ing businesses here. Additionally, governmental entities here have done a good job creating a favorable business environment.”

“What impresses me is the broad spectrum of business types from automotive to engineering, retail, manufacturing,

mining, you name it,” said Publisher Mike Jung of the IP75 sponsor Idaho Statesman. “It’s a good thing when so many cat-egories are represented and our economy isn’t reliant on one or two industries.”

“The overwhelming factor is seeing continued growth in the majority of the companies and the industries in which they represent,” said John Hale, managing partner of sponsor company KPMG. “Our state’s economy needs to be sure we have diversity in our business climate and this list is

representative of that.”“The companies on the list are companies that long ago

answered the question ‘Why Idaho?’” said Kevin Donovan, Idaho president of KeyBank, another IP75 sponsor. “They have understood that we’re a pro-business state, and we have a diverse and strong workforce. Idaho is a state where compa-nies can build deep roots and continue to grow. The tradition

diversity and no-place-like-homecreate a strong business environmentWhy Idaho Private 75 recognition is important

regence blue shield of idaho

By Scott Kreiling, President, Regence BlueShield of Idaho

On February 13, 1946, 27 physicians of the North Idaho Medical Society met at the old Lewis-Clark Hotel in Lewiston to lay the foundation for what would be-come our state’s premier prepaid medical service plan. Each doctor contributed $100 and the North Idaho District Medical Service Bureau was born.

Today you know us as Regence BlueShield of Idaho, still nonprofit, and extending to more than 8,500 Idaho physicians and health professionals in more than 550 Idaho facilities.

Medicine is very different than in 1946, when penicillin was being broadly introduced and polio vaccines were a decade away. Today, our members face new health challenges. Regence BlueShield of Idaho takes a leading role in transforming the health care system that helps them: Partnering with providers to tackle cost and quality of care, educating about health care reform and investing in healthy Idaho communities.

Partnering to improve quality, costs By forming new partnerships with Idaho’s health

care delivery systems, Regence is working to develop programs that help doctors and nurses work more closely with our members. By partnering with those professionals who are directly caring for our members,

together we are focused on engaging members more in their treatment plans, promoting lifestyle adjust-ments, and improving their overall health. It is our goal to achieve these types of partnerships throughout Idaho in order to improve the health of Idahoans, curb the cost of medical care and deliver greater value.

Health care reformAmid the greatest change to our health care sys-

tem in 50 years, Regence felt strongly the need help people understand what’s happening, why, and how it will affect them. In March, we launched HealthCareAn-dReform.com, customized for our state, to navigate Idahoans through these changes with helpful tools and resources to explain the reform law.

Building healthier communitiesIf you know any seventh graders, you’ve probably

been touched by the “Have a Heart, Save a Life” program of the American Heart Association. Regence BlueShield of Idaho is proud to have contributed $100,000 to provide CPR training kits to more than 3,200 Idaho seventh grade students and teachers. Additionally, our Foundation’s $37,582 grant to the Treasure Valley YMCA strengthened its ground-break-ing childhood obesity prevention programs for Idaho children and families.

In 2012, Regence contributed $560,000 to fund

health programs in our communities. Our generous Idaho employees donated $88,000 of their hard-earned dollars and volunteered 800 hours to help neighbors.

What’s aheadOur business has grown

with Idaho, adapting to the times. Our entire industry now faces the biggest chal-lenge it’s ever known with unprecedented complexity. It is our goal to inform, educate and assist all Idahoans as they enter the market in greater numbers and interact with us in new ways. Regence BlueShield of Idaho has 67 years of experience in developing and providing health care and is prepared to shape and help lead this transformation.

We are Idaho born and bred. We care about our customers, employees and communities. We leverage the combined strength of nearly 160,000 members to make a positive impact through jobs, local business partnerships and philanthropic investments. Idaho – and Idahoans – are stronger for our presence, and we are thankful for the nurturing and support of Idaho communities.

2013

#11

sPonsors continues on P.30

“The tradition of many of the companies on the list really shows that when you’re in it for the long haul, you can really grow something special in Idaho.” — Kevin Donovan, Idaho president of KeyBank


Regence BlueShield of Idahois an Independent Licensee of the Blue Cross and Blue Shield Association© 2013 Regence BlueShield of Idaho

Our community is better with you in it.At Regence BlueShield of Idaho, we believe in healthy communities and the people who put their energy into helping them grow. That’s why we proudly support the Idaho Statesman’s salute to the Idaho Private 75.

regence.com

07224_RegenceIdaho-Top75Companie_ID.indd 1 9/27/13 3:38 PM


by dusty parnellThis year’s theme — “Why Idaho?” — almost seems like

a silly question to ask once you realize the rest of the coun-try apparently already knows the answer to that question.

no. 4 Most Entrepreneurial stateno. 10 best state for businessno. 3 Cost of livingno. 2 top 10 Wine destinationsno. 3 Metro Market leading the housing recoveryno. 9 spring break destinations for Familiesno. 7 safest Cities in america (boise)no. 4 best downtown in america (boise)and that is just a sampling of accolades from 2013.

If you want to look at the past five years, you’ll find Idaho and its state capital on a wide variety of Top lists: Hottest Music Cities, Fittest Towns of the West, Best Places to Live, Best Adventure Town, Best Place to Retire, Most Inventive State, Best City for Men, Best City for Women, Lowest Carbon Footprint and — you’ll like this one — America’s Best College Football Stadiums.

Or here’s a good one: No. 2 Best of the Best Places.Sure, you should always take these lists with a grain of

salt, and it’s not always clear how to use information like Best Place for Paddling in the City or Safest Driving City or even Boise’s North End rated as one of the 10 Best

Neighborhoods in the Country — but the point is, Idaho is being noticed. We’re on the map. We’re apparently on everyone’s map. The days of being confused with Iowa appear to be long gone.

“Why Idaho? How much time do we have?” said Kevin Donovan, Idaho President of KeyBank. “Idaho has so many advantages that we could talk about this for hours.”

When you combine a place where people want to live

with a combination of high-tech, trade and manufacturing industries and put them in a business-friendly environ-ment, people are going to notice.

“Accolades for Idaho are nothing new,” he said. “We’ve been appearing on the best places to live and best places to do business lists for years. Idaho combines a great quali-ty of life with a pro-business climate. If you have a state where people want to live and you make it easy for them to

do business — that’s a recipe for success. Add in an educat-ed and diverse workforce, and it’s no surprise Idaho continues to show up on so many ‘best of’ lists.”

Just how many lists are we talking about?You can check out a pretty comprehensive list at the

award-winning website of the Boise Valley Economic

it’s not ‘Why idaho?’ — it’s ‘Why not?’We’re no secret anymore

Idaho and its capital city get high marks on a wide variety of “Best of” lists from Most Entrepreneurial State to Best Downtown in America.

holland & hart

At Holland & Hart, we are proud of our strong con-nection to Idaho’s business community. Our clients touch every sector of the state economy, and our lawyers advise many of Idaho’s top-performing busi-nesses. The Meridian-based general contracting and construction firm, PETRA, Inc., is a perfect example how our clients’ goals and service philosophies can align with our own.

Jerry Frank, President and CEO of PETRA, consid-ers Idaho a natural home for his business. “For me, it all comes down to quality of life. That starts with the people and includes the environment and geography, as well. In Idaho, people are generally happy and healthy, and that actually matters a lot to the health of our business.”

That Idahoans naturally appreciate and respect one another also makes for a great business environment. “People here are willing to extend goodwill, and that makes for outstanding clients and projects. Construc-tion projects touch all sectors of a community and have tremendous potential to bring people together. At the same time, they can also drive people apart. I would choose Idaho every time precisely because, in my experience, the buildings we create bring people together, thanks to the communities we serve. It is

tremendously gratifying.” As PETRA approaches its 20th anniversary, Jerry

knows that Idaho has allowed him to attract and retain employees with outstanding talent and exceptional character. “It all comes down to hiring good people. In fact, my dad always told me to hire people who are better than I am. It’s the only way to make sure that a business will become even greater than I could have imagined.”

With over 50 employees and operations across the region, PETRA has far outstripped Jerry’s early visions. “I remember the leap of faith when I leveraged my 401k and started PETRA in a garage on South Locust Street [in Meridian]. That was scary, but I knew if I built a company according to the same guiding principles that sustained my family and friends, then I couldn’t go wrong. What I didn’t know is that so many Idaho companies would also want to do business with my firm on the strength of our principles.”

Thos principles include giving back to the com-munity. PETRA supports organizations including Drug Free Idaho, The Children’s Home Society, the Ameri-can Heart Association, Boys and Girls Clubs, Project Patch, the American Cancer Society, and others. On the company’s website, Jerry is quoted as saying,

“Businesses must give back to the community, by providing resources and an environment where em-ployees, spouses and their children can care for one another and make positive choices.”

When it comes to legal support for his business, Jerry chooses Fred Mack and the team at Holland & Hart to represent PETRA because, in his words, “they are always considering the benefit to PETRA in any matter, not thinking about what the firm can gain. It’s never about the billable hour with Holland & Hart.”

Holland & Hart is proud to support PETRA and all of the firm’s remarkable Idaho clients.

2013

SPONSOR

Holland & Hart and PETRA: Naturally at Home in Idaho

Why idaho? continues on P.19


Nicole Snyder, Administrative Partner208.342.5000, [email protected]

101 S. Capitol Boulevard, Suite 1400 Boise, Idaho 83702

Congratulations to the Idaho Private 75 Companies

At Holland & Hart, we are proud of our strong connections to Idaho’s business community.

Coming in 2014, we will be serving Idaho’s business clients from the top of Eighth & Main.

A full-service law firm with Idaho roots stretching back more than 80 years, Holland & Hart’s Boise attorneys advise many of the state’s top performing businesses. We are part of the fabric of Idaho, working and growing with our clients, our neighbors and our friends.


by dusty parnellIf you had wine with supper last night, there’s a 50/50

chance that bottle got to your table by way of Hayden Beverage Company.

When Idaho repealed prohibition in 1936, the door was open for legitimate distribution of Olympia Beer through a Boise grocery distributor. Eventually, the rights to distribute Oly wound up in the hands of Coors. That relationship was not destined to be a very compatible one, and so the Oly rights were sold to a new distributor and company man-aged by a cardboard box salesman and Harvard Business School graduate, John Hayden.

A few years later, Hayden bought the business and renamed it in 1982. If you know the right people, there’s a good story there about the 6’4” hard-nosed Hayden, who was a former football and rugby player in college. Hayden was a hard worker who treated his business and employees like family and continued to build his business from nothing to what it is today — one of the largest distributors in the state.

And he did it the old-fashioned way, with an over-achieving sales force that helped create Schlitz, Ranier, Stoh’s, Henry Weinhard’s, Kokannee and Pabst into strong regional players, earning distributor of the year awards and often overtaking the bigger, national brands. Hayden Beverage was also a leader with newer, innovative brands

like California Coolers, Mike’s Lemonade and Snapple, not to mention being the first distributor to embrace the micro-brew trend with Red Hook, Widmer, Sierra Nevada and Sam Adams.

When Hayden died in 2006 after 35 years at the helm, his son Dodds took over management of the business. Dodds had been a co-owner with his dad since 1997. Two years after Dodds became sole owner, Hayden Beverage entered into a partnership with Young’s Market Company, which has helped accelerate growth across the state. Dodds is now the CEO and Dan Scovel is the company president. Hayden Beverage Company (HBC) encompasses two corpo-rations, the overseeing Boise Sales Company and Young’s Market, which holds the wine and cocktail rights and inven-tories.

Today, HBC sells about half the wine in Idaho, 95 percent of the Red Bull and about 10 percent of the beer. And you can expect those beer numbers to increase with North Idaho, Eastern Idaho and Spokane added to areas of distri-bution.

“We have tried to be aggressive and grow,” Dodds Hayden said. “Our industry, like many, is experiencing con-solidation. So ‘grow or die’ has been very applicable to the beer/wine distribution business.

“At one point, there were eight Budweiser distributors, now there are three. There were 10 Miller distributors, now

there are four. This has been good for the consumer as the more sophisticated distributors are taking over markets, providing better service, higher quality and the ability to run on leaner margins,” he said.

The growth is clear on this year’s list. Dodds said keys to recent success include acquisitions, the ever-growing demand for craft beers (which makes up the bulk of the business) and the popularity of Red Bull. The company employs 250 Idahoans and delivers products to 1,500 retailers. A variety of worldwide products include many that would not otherwise be brought into the state economically. There are six offices and several satellite warehouses scattered around the state, but most of the orders are processed and shipped out of the Boise and Coeur D’Alene warehouses.

Consolidation across the industry also created opportunities for smaller distributors to enter Idaho’s growing market. There are currently about 25 beer/wine distributors in the state. But, as always, Hayden Beverage is up to the challenge.

“Given our rapid growth of the past seven years, we are moving our strategic focus from ‘getting bigger’ to ‘getting better,’” Hayden said. “We still have growth goals, which include some additional expansion in Idaho and neighbor-ing states, but those are not our top priority.”

As a uniquely Idahoan company, Hayden Beverage has

learned how to meet the challenges here and succeed.“Because of Idaho’s small and geographically diverse

population, national competitors do not have it in their crosshairs, so we have been able to fly under the radar,” Hayden said. “Looking at the past 10 to 15 years, the state’s growth has created a great environment in which to do business. And given the conservative nature of the state in regard to alcohol, our regulatory environment creates a stable and orderly market. This may limit some revenue in some cases, but overall, it creates a safe business environ-ment that encourages me to keep investing in the busi-ness.”

hayden beverage Company continues to growExpansion, craft beers and Red Bull power this year’s surge

“Because Idaho is such a great place to live, and it provides a more attractive lifestyle than major urban areas, I am still bullish on Idaho.”— Dodds Hayden, CEO of Hayden Beverage Company

keybank

By John WilliamsonFor many business owners, working with banks

might seem like simply a matter of time and money, as in how much time does a business have to pay loans made by banks.

My perspective is the working relationship be-tween business owners and their bankers is still about time and money, but in the context of a long-term relationship.

I view business as a wealth engine. Bankers can help business owners launch their enterprises, expand their operations and eventually, if the business owner so chooses, develop an exit strategy that allows busi-ness owners to sell the business or pass the business on.

In other words, I believe the relationship between banker and business client should be for the long haul. For bankers, that means taking time to think through the varying short- and long-term issues that a busi-ness client is likely to encounter as his or her business evolves over time.

Generally speaking, there are four stages to a business life cycle – startup or early stage, the growth stage, the maturity stage and the exit. Each stage poses challenges that require different solutions.

Take, for example, a business owner launching their first small business. Certainly a banker can help with conventional loans or loans guaranteed by the Small Business Administration.

But that same banker can help small business own-ers to structure financing that taps various resources, such as lines of credit, personal savings and small investments from family and friends.

As that small business expands, that banker can offer ideas on managing cash flow, or how mobile banking can boost business. That banker can also of-fer support as that small business flourishes and the business owner considers making investments with business proceeds.

The growth cycle brings opportunities such as diversifying product, adding employees or expanding through merger or acquisition.

For that growing business, a banker can identify the right combination of core services to support finance receivables and inventory and otherwise support the business’ expansion.

For example, a banker advising a fast-growing company with relatively thin margins might suggest asset based lending. A banker working with a company having trouble attracting and retaining top talent might

suggest programs that benefit employees, such as establishing health savings accounts or providing finan-cial education.

Every business’ growth ebbs and flows at different times and varying speeds, but nearly all businesses come to a point where the owner decides to leave the business. Planning for exit should start well in advance of the actual move, whether that move is into retirement, selling the business or turning the business over to a family member.

For business owners contemplating retire-ment, a banker can offer resources on plan-ning for and eventually financing retirement. A banker can also offer resources to advise on business succession planning to smooth the transition, as well as resources should the exit strategy be selling the business and investing proceeds.

In short, business owners’ banking needs vary throughout the business life cycle. Busi-ness owners that want to leave a legacy of sound busi-ness decisions should rely on bankers with business acumen and resources to serve the business from beginning to end.

John Williamson is Senior Vice-President, Commercial Banking Manager, KeyBank. He can be reached at 208-364-8773, [email protected]

2013

SPONSOR

Going the Distance: Banking on the Long Haul


C

M

Y

CM

MY

CY

CMY

K

13-0913_PowerCorpAd.pdf 1 9/17/13 4:01 PM

Hayden sees both the challenges and the potential of Idaho’s future.

“I worry about the lack of Idaho-based major corpora-tions providing a center of gravity for employment and an economic engine,” he said. “I am encouraged to see the return of Albertsons corporate office and by the growth of WinCo, but I would like to see the next Micron, MK or Boise

Cascade develop in Idaho. Those companies and their employees will spin off other businesses (like many of the Private 75) as well as build an economically strong popula-tion.

“Because Idaho is such a great place to live, and it pro-vides a more attractive lifestyle than major urban areas, I am still bullish on Idaho.”

Photo by dusty ParnEllHayden Beverage President Dan Scovel (left) talks with longtime employee Jim Linderborn, the operations/delivery logistics manag-er in Boise. Hayden Beverage continues to show year-over-year growth.

power engineers incorporatedWe’re POWER Engineers, a global multi-disci-

plinary consulting services and engineering company based right here in Idaho, with over 1900 employees in 35+ locations around the U.S. and the world. We’ve been steadily growing since our founding in 1976, and are currently seeking more bright minds to bring to our team.

As consulting engineers, we’re problem solv-ers for hire. Our clients come to us with large-scale initiatives they want to bring to life. With a name like POWER, it’s no surprise that these projects involve generating and delivering power, but that’s just where we started. We’ve expanded our expertise beyond the energy industry, into facilities, communications, federal, and environmental services.

Our engineers provide the reports, plans, draw-ings, specifications, studies, estimates, analyses – and whatever else it takes – to help turn vision into reality. Since ideas are our currency, we’re driven to create the kind of culture that attracts and retains in-novative, intelligent people who know how to excel as part of a team.

Our company is 100% employee-owned, so in addition to receiving a competitive compensation package with medical, 401(k) with company matches, and the possibility of an annual performance-related bonus, you could also be rewarded with the oppor-tunity to become an owner yourself. Plus, our work environment is relaxed, and we have a solid tradition

of having fun with social events and outdoor activities that you’re not likely to find anywhere else.

We’re always looking for innovative engineers of all disciplines, but that’s not all. To keep POWER a leader in our core markets, we also need administra-tion wizards, keen-eyed accountants, IT experts, soft-ware gurus, creative designers, passionate writers, and more.

Come be a part of one of Idaho’s best success stories, and bring excitement, meaning, and opportu-nity to your career. View our job listings at www.pow-ereng.com, and fill out an online application today.

2013

#19


Exec

utiv

e Sp

otlig

htthe Executive spotlight features some thoughtful

responses from the Chief Executive Officers of some of

Idaho’s top privately held companies. To gain insight into

their businesses, we asked them the following questions.

• What do you like about doing business in idaho?• Why Idaho? Please share some history about why

your company headquarters is located in idaho• If you could change anything about Idaho to help

improve your business, what would it be?”

What do you like about doing business in Idaho?The people in Idaho are smart, hard-working and family oriented. The wonderful Idaho outdoor lifestyle, makes it easy to attract potential employees to the State.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.Agri Beef is an agriculturally based company that benefits from the land and varied natural resources of the state. The company is headquartered in Boise to capitalize on the city’s outstanding infrastructure and access to technology and highly-skilled employees.

If you could change anything about Idaho to help improve your business, what would it be?Lower tax rates (i.e. corporate tax rates) and less regulation. It would not only improve the overall business climate, it would also serve to attract additional employers to the State.

agRI beef cO.Robert Rebholtz, Jr., President and CEO

What do you like about doing business in Idaho? Boise possesses a great workforce with great work ethic. As the founda-tion of where BMC started, we are now a sizable force across 10 states with double digit profitable growth. After a breakout 2011, we experi-enced another high growth year in 2012 and are experiencing even greater growth this year. This success is in large part to our strong core of employees.

Why Idaho? Please share some history about why your company headquarters is located in Idaho?BMC was a spinoff of Boise cascade in 1987.

If you could change anything about Idaho to help improve your business, what would it be?Because we have a mobile workforce, my one wish for the business community would be to attract more commercial airlines with more multiple flight options for our teams going out of Boise, and our field teams coming into Boise. The average cost of airfares has gone up as flights have diminished, and direct city to city options have been reduced. This will become a major competitive disadvantage if not successful addresses for existing companies, as well as those who may be attracted to Boise.

bMc Peter Alexander, CEO

What do you like about doing business in Idaho? Idaho is home. Our government and cities are helpful and easy to work with - we have a lot of trust in the relationships we have built. The people in Idaho are what make our community great and create the hometown feel.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.As luck would have it, I was born in Idaho therefore I started my business here.

Corey Barton’s storybook success has put Idaho on the national radar for new construction and homebuilding. This year Builder Magazine moved CBH up from position #80 to #53 on their top 100 national builders list. --- Urban Liaison Magazine, Harvest Issue 2013

If you could change anything about Idaho to help improve your business, what would it be?We would like to see Idaho push for more job growth, which in turn will help bring more homebuyers to the area. Idaho could work on providing more aggressive incentives to attract large companies to help our local economy with stable growth.

cbH HOMeSCorey Barton, Owner/President

What do you like about doing business in Idaho? Not only is Idaho home to my family, but our communities are annually recognized for everything from innovation, small business and low energy costs, to the best place to raise a family and of course the best FANS! Go Broncos! So the question really becomes, Why wouldn’t you like doing business in Idaho?! Why Idaho? Please share some history about why your company headquarters is located in Idaho. My parents re-located here for a job opportunity in the late 1960’s and in September of 1971, Grant Sr. and Joyce Petersen, founded Bronco Motors, Inc. We were a small family operation with kids and parents alike, working the family car farm. From humble beginnings in downtown Boise, to 42 years later with two Hyundai franchises, Nissan, Infiniti and Mitsubishi! If you could change anything about Idaho to help improve your business, what would it be? I would like to see continued efforts that focus and invest in primary and secondary education as well as recruitment of large companies and entrepreneurs who will provide quality jobs to Idahoans. These two areas will support our communities in a way that maintains and enhances the quality of life here in Idaho that we all love and cherish.

bRONcO MOtORS INc.Grant L. Petersen, Jr., President & CEO

What do you like about doing business in Idaho? Blue Cross of Idaho serves more than 700,000 people in the state. Our members include individuals and families, schools, small family businesses, and large corpora-tions in all corners of the state. I’m continually impressed by people’s passion and understanding for their neighbors and by employers’ commitment to their employees. I appreciate that these companies want the best value in health insurance for their families and employees, while still promoting individual responsibility for good health.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.Our history is rooted in Idaho. In 1945, representatives from local hospitals, a Boise physician and two business executives met to incorporate Idaho Hospital Service (HIS). In 1973, HIS changed its name to Blue Cross of Idaho. So we started here. Idaho is our home, we don’t conduct business in any other state, and we wouldn’t have it any other way.

If you could change anything about Idaho to help improve your business, what would it be?I don’t think we would change anything. Certainly we have challenges; responding to some of the elements of the Affordable Care Act, the timelines set have been difficult for instance, but that’s happening across the country. We love Idaho and we love doing business here. We are proud to be the state’s largest insurance carrier and we look forward to continued work with our partners in the healthcare and health insurance industries, and with businesses and agencies throughout the state, to ensure our members get the best value in health insurance.

blue cROSS Of IdaHOZelda Geyer-Sylvia, President and CEO


Executive Spotlight

What do you like about doing business in Idaho? The work force and talent pool that is available in Idaho combined with the work ethic. We are very fortunate to have the high quality staff that is willing to work so hard to be successful. Additionally, Idaho has rebounded quickly from the recession and seems to be recovering faster than other areas that ESI conducts business.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.ESI was founded in Idaho in 1973 and we have many ties to Idaho from our clients, employees and vendor relationships. We could probably grow and execute our business from any city but the quality of life keeps us right here in Idaho.

If you could change anything about Idaho to help improve your business, what would it be?Because ESI does work in a large region (currently licensed in 43 States), it would be a direct benefit to our ability for growth and profitability if we had more options for airlines and direct flights. When Southwest limited flights and other airlines raised rates it had a direct impact to our bottom line, not to mention the extra effort it takes for our employees to collaborate and provide great service to our clients. If Idaho and the Treasure Valley could do anything to provide direct support to us it would be to push for more options for airline travel.

eNgINeeRed StRuctuReS INc. (eSI)Neil Nelson, President

What do you like about doing business in Idaho?The great people we have the opportunity to work with. In our business we interact with customers, vendors and suppliers from around the world and there are no better customers, suppliers and employees than those we work with here in Idaho.

Why Idaho? Please share some history about why your company headquarters is located in Idaho. To be honest, our founders were drawn to North Idaho by the beauty of the area. From meager beginnings in Coeur d¹Alene, Great Floors has grown with the region and now boasts 16 Northwest locations. Accessibility to transportation has allowed us to retain our Idaho roots while serving the residential, builder and commercial markets in the areas where our showroomsare located.

If you could change anything about Idaho to help improve your business, what would it be?Compared with other states and communities where we work, we have found Idaho to be a business-friendly environment in which to conduct business. Of course, lower corporate taxes, better north-south highways and fewer regulations would always be a bonus, we are pleased we have made the Gem State Great Floors home for over 40 years.

gReat flOORSDoug Chadderdon, President/CEO

What do you like about doing business in Idaho? Having traveled to over 40 countries and a myriad of cities, Idaho brings a wonderful lifestyle environment, climate and a willing, friendly workforce that is difficult to beat.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.ECCO was set up in Boise more than 40 years ago after Morrison Knudsen asked a small local electrical rebuilding company to develop a safety device that would pro-tect workers from reversing accidents on their construction sites. Subsequently, in 1971, the US Occupational Safety and Health Administration (OSHA) enacted job safety legislation requiring back-up warning alarms on all motor vehicles operating within off-highway job sites that operated off public roads. Recognizing the business opportunity created by this requirement, Carl Peterson established ECCO in September 1972 and began marketing a limited line of back-up alarms.

If you could change anything about Idaho to help improve your business, what would it be?I have concerns about long-term sustainability and Boise’s dependence on a small number of major employers. There needs to be more incentives such as tax breaks for businesses to move here, as well as a greater focus on educating for the future marketplace and finally… more flights including direct flights to places like Atlanta and the East coast. I look at states like Texas and hope Idaho can learn from how they are attracting businesses and growth.

eccO gROuPChristopher E. Marshall, President & CEO

What do you like about doing business in Idaho? Global Travel, an Idaho corporation, chose Idaho for its headquarters because its communities are made up of great people with exceptional work ethic and high integrity. The Loveless family, born and raised in Idaho created a bond to the quality of life, beautiful surroundings and abundant resources. We recog-nize the support and loyalty provided by customers who respect the “Buy Idaho” concept. Additionally, Idahoans have a passion to explore the world and we’re in the business of orchestrating travel dreams; business or pleasure.Why Idaho? Please share some history about why your company headquarters is located in Idaho. Evelyn Loveless, CEO, began her career with Global Travel in 1957. They continued to grow and achieved the goal to be listed among the top travel management companies in the US. Evelyn is especially proud of raising her own replacement. Her son, Kevin Loveless learned from ground up and serves as President and co-owner of Global Inc., with offices in ID, WA, CA specializing in the art of travel. Kevin has traveled the world, serves on many travel industry advisory boards and is one of the few Accredited Space Agents for Virgin Galactic. If you could change anything about Idaho to help improve your business, what would it be?Suggestions for change: We would encourage those in charge to pursue the airline industry to expand services in Idaho. Over the last decade Idaho air service has been shrinking and the state can attract more business if this trend is reversed. Happy Traveling!

glObal tRavelEvelyn Loveless, CEO and Kevin Loveless, President

What do you like about doing business in Idaho? Myself and my entire family really enjoy the residents and state officials in Idaho, we feel they are fantastic. My family grew up here, and we had the pleasure of enjoying all that Idaho has to offer growing up, as well as we appreciate and cherish that Idaho gets more beautiful every year, offering more things to see and do. The beauty of Idaho has a lot to do with our business model, many of our customers buy from us and make it into a vacation to see North Idaho when they come to purchase their vehicle. Why Idaho? Please share some history about why your company headquarters is located in Idaho. Dave Smith started our dealership here in Idaho in 1965. The dealership has grown to be a powerhouse in the industry and the world.

Ranking #1 for internet sales of any new car dealer. In fact Dave Smith Motors is either ranked number 1 or 2 for total sales of any new car dealer in the North America year after year. We are proud to say we are the home of hassle free buying. We know our philosophy of hassle free buying and offering the best possible price for the customer is why we see so many return customers as well as referrals.

dave SMItH MOtORSKen Smith, Owner

delta deNtal Of IdaHOJean De Luca , President & CEO

What do you like about doing business in Idaho? It’s easy to do business in Idaho. We’re a locally grown business and we understand many of the attributes that Idaho companies endeavor to deliver: commitment to high quality products and customer service, dedication to participating in community events, providing good jobs, and protecting our environment. We are committed to our outreach programs that provide dental care to those less able to access quality care, and the programs grow each year – helping school children and our senior communities. One of the great things about doing business in Idaho is the collaborative spirit companies bring to the market: willingness to share ideas, brainstorming new and better solutions, and exploring opportunities for continuous improvement.Why Idaho? Please share some history about why your company headquarters is located in Idaho.Delta Dental is a non-profit created more than 40 years ago by a group of Idaho dentists on a mission to improve the oral health of the communities where they lived and worked. Today, Delta Dental of Idaho continues to provide benefits to companies headquartered in our state, as well as individuals and families who need dental coverage. We also have certified pediatric dental plans available on the Idaho Exchange. Delta Dental covers more Americans and has a larger national dentist network than any other dental benefits provider. Whenever members travel, their Delta Dental benefits travel with them, enabling them to find an in-network dentist across the country. We strive daily to make dental coverage more accessible and affordable.If you could change anything about Idaho to help improve your business, what would it be?An area we all need to focus our attention on is ensuring that we have well-educated employees and the resources available to keep our employees fairly compensated and engaged in our businesses. Our business environment will suffer if we cannot provide access to continuous education and also hire individuals with the technical, marketing and sales skills that are needed to support our businesses.


Exec

utiv

e Sp

otlig

ht

What do you like about doing business in Idaho? Idaho is a great place to do business due to the work ethic of our citizens, a pro business environment provided by State and local governments along with their fiscal responsibility, and the quality of life.

Why Idaho? Please share some history about why your company headquarters is located in Idaho. Our businesses, along with many of our associates, were born and raised here.

If you could change anything about Idaho to help improve your business, what would it be? Not sure I could change anything. Fortunately, we like it here.

jackSON fOOd StOReS/jackSON OIl cO. John D. Jackson, President/CEO

What do you like about doing business in Idaho? As an Idaho native, I genuinely love the people of Idaho and find them a pleasure to work with. I believe Idaho provides a phenomenal quality of life that can’t be found anywhere else.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.As an Idaho native, it has always made sense for me to live and do business here. I worked for the U.S. Department of Agriculture based out of Boise prior to becoming a business owner and would never consider moving Hubble Homes’ headquarters anywhere else.

If you could change anything about Idaho to help improve your business, what would it be?Continue to grow and improve the state’s commerce. It’s important to keep promoting Idaho as being an affordable place for a company to station its headquarters. Greater job growth and stability helps to absorb construction costs and has a significant impact on creating more affordable housing opportunities.

Hubble HOMeS llcDon Hubble, CEO

What do you like about doing business in Idaho? Idaho exhibits the enviable combination of excellent quality of life, access to higher education and the arts, and a government and private-sector mindset that is conducive to business success. Those attributes not only make Idaho a wonderful place for our company and current outstanding group of employees to thrive, they also make it possible for us to attract talented newcomers. When you put it all together, Idaho is a fantastic place to live and work.

Please share some history about why your company headquarters is located in Idaho. Company founder Jack Simplot started his business in Idaho in 1929. Although he subsequently could have chosen any place from which to grow, he decided to remain here because he loved the Gem State and its people. The Simplot family and company managers feel the same way, and currently we are reinforcing our commitment to Idaho with several large construction projects in the Treasure Valley. We are here to stay and glad to call Idaho our home.

If you could change anything about Idaho to help improve your business, what would it be?It’s doubtful there is any place on earth that could be considered perfect in every way, but Idaho comes close. I can’t think of a thing I would change about our great state.

j.R. SIMPlOt cOMPaNyBill Whitacre, President & CEO

What do you like about doing business in Idaho? We focus on services to communities and others who provide infrastructure essential to our daily lives, and fundamental to the quality of life we enjoy. Idaho has a great quality of life and, by and large, residents understand the need for investment in infrastructure to main-tain that quality of life. This creates a positive business environment for us, and allows us to live and work in a very desirable part of the country.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.We started in Idaho and our roots are in Idaho. As we are about to enter our 60th year as an Idaho company, we have grown and now serve adjacent states, but we are headquartered in Idaho and proud to be an Idaho business.

If you could change anything about Idaho to help improve your business, what would it be?There is not much we would change, because there is much to appreciate. We would like to see a change in the perceptions of Idaho that many around the country and throughout the world have. As a state, Idaho has so much to offer and yet we seldom get the recognition deserved. Maybe the change should be that we all work together more collaboratively to portray the state in a way that better reflects reality.

j-u-b eNgINeeRS INcLee E. Cammack, LS/PE, CEO

HealtHWISeDonald W. Kemper, Founder & CEO

What do you like about doing business in Idaho? I came for a job interview in 1972. My prospective employer met me at the airport in his cowboy boots and his pick-up truck and had just come from a meeting with the new governor, Cecil Andrus. At that moment I realized that this was a place where you could both serve and lead. I started Healthwise three years later. Since then we have demonstrated time after time how our Idaho base is an asset in our mission to help people make better health decisions. That mission is extended over 160 million times a year as people turn to our consumer health information. Idaho is a very good home for Healthwise.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.Our success is 100% due to the hard work, creativity and dedication of our 240 employees—almost all of whom live in or near Boise. It’s not hard to recruit those smart, passionate people to Healthwise and the Boise community. Where else might one match the quality of the outdoor opportunities and the quality of arts and culture in a single location? Although our clients are sometimes surprised that a global organization like ours is located in Idaho, once they visit we can usually see the gleam of envy in their eyes.

If you could change anything about Idaho to help improve your business, what would it be?#1 Improve the K-College education system, statewide. #2 Greatly expand the class sizes in information technology and soft-ware engineering across Idaho universities. As our work becomes more and more high tech to prescribe health information through electronic medical record systems, we will need a bigger pool of technical talent to pull from. #3. Continue to support the arts. It is not only an attraction for recruits but it adds to the creativity and inspirations that fuel our innovation and success.

What do you like about doing business in Idaho?I love the lifestyle the outdoors provides my employees and my family. I like the fact that we are not a major metro, which allows us to fly under the radar a bit and protects us from the high pressure aspects of the distribution business. I think the regulatory environment is appropriate, not heavy-handed and disruptive as it might be in WA and CA.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.My dad was hired by Boise Cascade in the late sixties. He fell in love with the area and returned to run (and later purchase) our business.

If you could change anything about Idaho to help improve your business, what would it be?I would like to see a few more large employers who could increase the employee (and consumer) base, increase the tax base (allowing for better education funding), and further diversify our economy. I would especially like to see this in south central, eastern and north Idaho where one could argue there is the most need of those tax dollars due to the small populations.

HaydeN beveRage cOMPaNy Dodds Hayden, CEO


Executive Spotlight

What do you like about doing business in Idaho? We like the quality of life Idaho provides. It allows us to attract a talented workforce that enjoys the beauty of the state and its livability. As a home-grown family and employee-owned company we are committed to doing business in Idaho with over 55 years of deep roots in this community. Why Idaho? Please share some history about why your company headquarters is located in Idaho.Ed Hawkins Sr. became a chef who ran a popular steakhouse in Hope, Idaho. He served his signature, world-class Blue Cheese dressing to patrons who loved it so much they started bring-ing empty jars into the restaurant so they could take some home with them. By the late 1970’s the business had outgrown the restaurant’s kitchen so they purchased a plant in Sandpoint, Idaho. The Hawkins family started selling their homemade dressings over 50 years ago. And now you can find our great tasting products across the United States, Canada and Mexico.

If you could change anything about Idaho to help improve your business, what would it be? I would continue to improve and diversify Idaho’s education system by focusing on vocationaland higher education. That way, we can continue to hire local talent while supporting the growing economy.

lIteHOuSe fOOdS INc.Jim K. Frank, President & CEO

What do you like about doing business in Idaho? For me, it all comes down to quality of life. In Idaho, people are generally happy and healthy, and that actually matters a lot to the health of our business. Idahoans naturally appreciate and respect one another, which makes for a great business environment. People here are willing to extend goodwill, and that makes for outstanding clients and projects. I would choose Idaho every time precisely because, in my experience, the buildings we create bring people together, thanks to the communities we serve.

Why Idaho? Please share some history about why your company headquarters is located in Idaho. I relocated 20 years ago to Idaho for the quality of life, then started my business out of my home garage and because of the fertile business soil the company flourished. For me, Idaho offers a beautiful environment, genuinely friendly people with hearts that beats of care and concern for one another; this is unlike any other place that I have ever been. If you could change anything about Idaho to help improve your business, what would it be? I would improve the ability for our clients to access attractive project funding, which would help stimulate growth in Idaho. Also, I would encourage state and local tax incentives to draw fortune 500 companies to our State.

PetRa INc. Jerry Frank, CEO/President

What do you like about doing business in Idaho? The first and foremost thing I like about doing business in Idaho is the people. I have found the people here are honest, friendly, have a great work ethic, and are willing to help others both at work and volunteer in the community. Second, and this is a derivative of the first point, access. Businesses in Boise have fantastic access to other business leaders large and small, community leaders, elected officials, etc. You are only two calls removed from any conversation that you need to have.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.Interestingly enough, our company was founded in San Diego. We are the quintessential “garage technology venture”. But when it came time to grow beyond the garage, we found Idaho offered a great mix of a reasonably priced work force, a thriving community and a good environment in which to raise the (then young) children of the company’s founders. I believe a big part of our success since 1998 was our decision to move to Boise.

If you could change anything about Idaho to help improve your business, what would it be?The State and the Treasure Valley should develop a strategic plan, which can be clearly articulated and funded, to make it more attractive for solid businesses, offering good wages, to relocate to the Boise Valley. The plan should include steps to bring in technical employees for existing businesses. All businesses will do better in an environment like that. Some things are being done. However, the need to move faster and with more direct results is more important today than ever.

keyNetIcS INc.Bradley J. Wiskirchen, CEO

What do you like about doing business in Idaho? Melaleuca has benefitted from Idaho’s business-friendly culture. You can’t run a business like we run without the support of the community. Why Idaho? Please share some history about why your company headquarters is located in Idaho. Melaleuca started its business in Idaho 28 years ago. We located Melaleuca’s headquarters in Idaho Falls simply because it is where we lived. The strong work ethic of this agriculture community has been a big factor of our success. Over the years, it has been our tradition to remodel vacant buildings and rebuild areas of downtown Idaho Falls and Rexburg. We are proud of the fact that we were able to grow to over $1.2 billion in sales while we were still located in the former Ziggy’s Hardware Store. Unfortunately, we’ve now outgrown all of our current facilities, and we’ll soon be relocating to our new campus on I-15 outside of Idaho Falls. If you could change anything about Idaho to help improve your business, what would it be?We need Idaho students to be better prepared to enter the global workforce.

Melaleuca INc.Frank VanderSloot, CEO

What do you like about doing business in Idaho?Idaho has been a great location for Potandon Produce, not only with its abundant and rich farmland that our growers use to grow some of our delicious potato and onion varieties, but also because it offers us a skilled and diverse workforce that strengthens our business.

Why Idaho? Please share some history about why your company headquarters is located in Idaho.It made sense to base Potandon Produce in Idaho since it is the state of the Famous Idaho Potato. Originally, we based the business in Idaho because our first potato shed was in Shelley, Idaho. Our headquarters in Idaho Falls has served as a central location for the many potato sheds we now work with.

If you could change anything about Idaho to help improve your business, what would it be?Ensuring that the educational systems provide students with the necessary skills and experiences, specifically in the agriculture related sector, that meet the business needs today and in the future. Reduced college tuition costs would allow both in state and out of state students a greater opportunity for secondary education. Also, more flight options and reduced airfares out of Eastern Idaho would certainly allow greater access to our out of state customers, employees, and suppliers.

POtaNdON PROduce llcSteve Ottum, COO

keNdall dealeRSHIP HOldINgS llcPaul Skillern, CEO and David Blewett, President

What do you like about doing business in Idaho? Idaho is blessed with a very business friendly environment. This coupled with the fact that you don’t have to look hard to find good employees, make Idaho an excellent place to do business. Why Idaho? Please share some history about why your company headquarters is located in Idaho.Our Company headquarters is in Idaho because this is where we call home. Not only are our families here, but a good portion of our Company’s operations are located in Idaho. Additionally, the friendly business environment and business-progressive atmosphere make Idaho a great bet for a better future.

If you could change anything about Idaho to help improve your business, what would it be?The Idaho business environment is on a good track. If anything, we would like to see Idaho continue to look for innovative means to continue to attract quality business and employees. Economic carrots should be utilized for not only new business, but for existing businesses looking to expand as well.

Paul Skillern david blewett


Exec

utiv

e Sp

otlig

ht

What do you like about doing business in Idaho? Why Idaho? Please share some history about why your company headquarters is located in Idaho.Stinker Stores was founded by Farris Lind in Twin Falls in 1936. We are an Idaho icon. Serving Idaho citizens every day- 24/7 – 365 is both a pleasure and a challenge. Stinker retail stores stretch from Idaho Falls in the East to Moscow in the North. The Stinker team is 530 hardworking people focused on serving Idaho customers. Customer relationships are deep and personal.

If you could change anything about Idaho to help improve your business, what would it be?It would be nice to have a crude oil well on one of our properties. Seems like the new drilling technology is finding oil everywhere – but Idaho. The Great Recession of 2008 and 2009 hurt the Idaho economy and the recovery has been slow. A stronger Idaho economy would benefit Stinker and our customers.

StINkeR StOReSCharley Jones, President & Owner

What do you like about doing business in Idaho? Why Idaho? Please share some history about why your company headquarters is located in Idaho.Idaho is a great state in which to headquarter an insurance busi-ness. There is a sense of “partnership” between government and busi-ness; in our case, insurance regulators and the insurance industry. This “non-adversarial” environment is conducive to growing thriving compa-nies. Idaho has the most mountains per square mile than any of the 48 lower states. With all respect to the Potato Commission, and we are the Presenting Sponsor of The Famous Idaho Potato Bowl, I like to call Idaho, “The Switzerland of North America.” And when one thinks of the great environment for our business, it is, “The Switzerland of North America for the insurance industry.” That is why we are headquartered here and have been since 1934. If you could change anything about Idaho to help improve your business, what would it be?We need better air service. We conduct business in 38 US states and are supportive of our local Chamber of Commerces’ and economic development groups’ efforts to improve commercial air service in and out of Idaho. Idaho should be a good investment for the airlines due to our stable economy and pro business climate.

uNIted HeRItage fINaNcIal gROuPDennis Johnson, President & CEO

What do you like about doing business in Idaho? The work ethic of the people of Idaho is why our company appreciates the state.

Why Idaho? Please share some history about why your company headquarters is located in idaho.Our company based its headquarters in Idaho in the late 1960s. The company moved to Idaho to be close to the sawmills that supplied us our raw material.

If you could change anything about Idaho to help improve your business, what would it be? Our company would like to see the state promote the forest products industry and take better advantage of the natural resources that the state offers.

WOOdgRaIN MIllWORk INc.Kelly Dame, CEO

What do you like about doing business in Idaho?The same reasons that make Idaho a great place to raise a family make it a great place to grow a business. Idaho is very independent, but it’s also a state that takes a responsible approach to fiscal matters. That’s good because independence without responsibility can be dangerous. Idaho blends these values very well. When Ben Stein, the actor, economist, and author, visited Idaho last year he said, “Idaho is the America we still pledge allegiance to.”

Why Idaho? Please share some history about why your company headquarters is located in Idaho?In 1995, we went on a road trip from our home in Seattle to find a place we could raise our kids, buy a home in a good neighborhood, and enjoy more sunshine. We started in southern Utah and worked our way north, eliminating St. George, Cedar City, Provo, Orem, and Ogden along the way. We hadn’t even considered Boise, and then we stopped here to get gas and thought, “Why not Boise?” We didn’t know Scentsy was coming back then, but we built a business here because this is where we were planted.

If you could change anything about Idaho to help improve your business, what would it be?Idaho is a little short on opportunity because the state is reluctant to do what it takes to attract outside business, and other states are willing to offer incentives. Tax incentives can provide a broad economic benefit if they’re done in a responsible way. We also have a hard time recruiting IT people close to home. We’d love it if we could hire more technically trained people from Idaho.

SceNtSy INc.Orville Thompson, CEO and Heidi Thompson, President

What do you like about doing business in Idaho? Why Idaho? Please share some history about why your company headquarters is located in Idaho.The temperate climate of the high desert, rich volcanic soils, and an extensive system of dams, reservoirs, canals and wells providing a reli-able source of water for irrigation ranks Idaho among the best sugarbeet growing regions in the world. As a grower-owned sugarbeet coopera-tive, the company provides essential services to members from strategically placed facilities in Idaho. Although the company has enjoyed a long and rich history in the State for 116 years, the corporate office was located in Ogden, Utah until 2003 when it was moved to Boise to better serve members.

If you could change anything about Idaho to help improve your business, what would it be?We support efforts of the Idaho Transportation Department (ITD) to seek expanded access to the interstate highway system for 129,000 pound weight limit vehicles and the elimination of the difficult to administer and comply with personal property tax for business.

tHe aMalgaMated SugaR cOMPaNy llcVic J. Jaro, President & CEO

RegeNce blueSHIeld Of IdaHOScott Kreiling, President

What do you like about doing business in Idaho? We’re a locally grown company based in Idaho that cares about our cus-tomers, employees and the community. That includes making a positive economic impact through jobs, local business partnerships, and invest-ments that in turn drives a person-focused, economically sustainable business environment. Why Idaho? Please share some history about why your company headquarters is located in Idaho.Regence BlueShield of Idaho was founded in North Idaho in 1946 by a group of physicians who believed in creating a system that could help people in their greatest time of need – when they were sick or injured. While the company has expanded and grown over the years, it continues to carry out the mission of its founders for the benefit of the people of Idaho.

If you could change anything about Idaho to help improve your business, what would it be?I don’t think it is about changing Idaho. It’s more about asking all of us to ensure we never lose sight of health in health care. Our company was founded on the principle of people helping people. And while health care reform is redefining how health care is purchased and consumed in our country and in our state, one thing has not been redefined - our commitment to the people of Idaho.


Businesses are looking to expand their operations and hire more people. While it might not be hap-pening as quickly as we’d all like, I’m seeing posi-tive things every day.

“Overall, Idaho has a strong workforce. We’re still below the national unemployment figures,” he said. “Most important is that we have a diverse workforce, and as our economy continues to grow, we can continue to create new jobs to match that workforce.”

Some of those new jobs may be new kinds of jobs, not just normal expansion.

“There are several key trends under way,” Hale said. “One is the growing use of cloud-based prod-ucts and services. This is an opportunity for cloud providers and users.

“Another trend is the ongoing evolution and increased use of mobile technology and applica-tions. And a third trend is the emergence of data and analytics – more commonly referred to as ‘Big Data’ – as a focus for businesses. These trends pres-ent opportunities for organizations to transform their business.”

The best news is that the feeling of pessimism seems to have waned.

“Most of all, this list is about success. Companies in Idaho are hiring and they’re grow-ing. There’s optimism among business owners, but it’s a cautious optimism,” Donovan said. “We’re recovering from the economic crisis, perhaps not as fast as any of us would like. But with the pro-

business climate in Idaho, coupled with our great quality of life, I know we’re on the right path. As I talk to business owners every day, I’m hearing about plans to grow businesses, expand their reach. That’s a very positive sign. While some busi-nesses may not be willing to pull the trigger just yet, the plans are in place, and I think we’re going to continue to see positive growth over the next several years.”

And then we get back to one last element of the equation. Why Idaho?

“Obviously, any company can operate wherev-er in the U.S. or the world it chooses. And many of our privately held companies in Idaho could argue for operating somewhere else,” Hale said. “I think you have to look at three factors: from a business perspective, these privately held companies enjoy a strong tradition of innovation and a highly tal-ented work force.

“Perhaps as important, however, is that these business leaders are committed to making Idaho successful. They live here, want to raise their fami-lies here, and want to see their state excel. So I see a decision that goes beyond what a spreadsheet might suggest. There is a commitment to the human side.”

J.r. simplot companyWe’re proud to say that the J. R. Simplot Company re-

mains one of the largest privately held food and agribusiness organizations in the United States.

When Jack Simplot started our company in 1929, he did it with the flair and impetuousness that is found in private en-terprises much more often than publicly held organizations. A pivotal incident involved J. R. winning an electric potato sorter with a coin flip. It probably didn’t seem like a momentous situ-ation at the time, but it turned out to be a crucial moment that helped to launch him full-bore into his colorful career.

After starting more than 30 potato sheds along the Snake River, J. R. entered the vegetable dehydration business, marketed the first commercially viable frozen french fries, and got involved in phosphate mining and processing. All these ventures were the result of his independent way of thinking, and he demonstrated that taking a calculated risk can pay off in a big way.

Of course, we don’t decide important issues with coin flips any longer, but J. R.’s entrepreneurial spirit is still with us.

Our leaders have found that a dash of common sense, pinch of sound business principles, and sprinkle of J. R.’s ad-venturous nature is a pretty good recipe for success. In fact, the Simplot Company has had some of its best years ever during the past decade.

We’re also proud to say that our founder’s axiom of hiring good people, then turning ’em loose, is still working today with more than 10,000 employees in North America, China, and Australia.

As J. R. used to say, “the future’s not ours to see.” How-ever, if past performance is a reliable indicator, we can say with some certainty that our chances for continued success as a privately held company look pretty good.

2013

#1

intro continued from P.2


I d a h o ’ s T o p p r I v a T e C o m p a n I e sI D A H O P R I V A T E 7 5 2 0 1 3 C O m P I l E D b y K P m G

2013 2012Rank Rank Company Name Headquarters Industry Web site address Top Executives

1 1 J.R. Simplot Company Boise Agribusiness www.simplot.com Bill Whitacre, Annette G. ElgPrincipally engaged in food processing, fertilizer manufacturing, cattle production, farming, and other enterprises related to agribusiness.

2 2 WinCo Foods, LLC Boise Retail Trade www.wincofoods.com Steven L. Goddard, Richard L. CharrierRegional discount grocery chain.

3 3 Jacksons Food Stores/Jackson Oil Co. Meridian Wholesale Trade www.jacksonsfoodstores.com John D. Jackson, Cory JacksonWholesale, retail, transportation, real estate, and agriculture. www.jacksonoilco.com

4 5 Blue Cross of Idaho Meridian Insurance www.bcidaho.com Zelda Geyer-Sylvia, Jack MyersLeading health insurer for over 67 years - committed to high quality, cost-effective health care services including traditional, preferred provider and managed care plans.

5 6 Agri Beef Co. Boise Agribusiness www.agribeef.com Robert Rebholtz, Jr., Kim StuartProducer of high quality branded meat products.

6 7 Melaleuca Inc. Idaho Falls Other - Consumer Direct Marketing www.melaleuca.com Frank L. VanderSloot, McKay ChristensenWorld leader in manufacture and consumer direct marketing of personal care, home hygiene, nutritional and health products.

7 8 The Amalgamated Sugar Co. LLC Boise Manufacturing www.srcoop.com Duane Grant, Vic JaroAn agricultural cooperative, composed of over 800 Idaho, Oregon, and Washington growers. Second largest U.S. Beet Sugar producer providing 10% of the country’s sugar requirements.

8 10 BMC Building Materials & Construction Services Boise Retail Trade/ Wholesale Trade www.buildwithbmc.com Peter Alexander, Paul StreetOne of the largest providers of building materials and residential construction services in the United States.

9 9 Kendall Dealership Holdings, LLC Boise Retail Trade www.kendallautoidaho.com Paul Skillern, David BlewettA family owned automotive enterprise with dealerships and service centers in Idaho, Oregon, Alaska and Montana.

10 11 Scentsy Inc. Meridian Other - Direct Selling www.scentsy.com Orville Thompson , Heidi ThompsonAn international party-plan company selling a family of brands-including Scentsy Fragrance, Velata, and Grace Adele through Independent Consultants.

11 13 Regence BlueShield of Idaho Boise Other - Health Insurance www.id.regence.com Scott Kreiling, Michael J. StockwellA leading nonprofit mutual health insurance company offering health, life and dental insurance for individuals and employers across the state.

12 16 Dave Smith Motors Kellogg Retail Trade www.usautosales.com Ken Smith, Eric SmithWorld’s largest Dodge, Chrysler, Jeep Ram dealer. Northwest’s largest GM dealer. Full service sales, service, accessories, parts, body shop, and tire departments.

13 14 Potandon Produce L.L.C. Idaho Falls Agribusiness www.potandon.com Steve Ottum, Mel DavenportA national sales and marketing company for fresh potatoes and onions.

14 12 Keynetics Inc. Boise Technology www.keynetics.com Bradley J. Wiskirchen, Dr. Tim BarberKeynetics has two operating subsidiaries: ClickBank, is an internet retailer; and Kount is an online fraud prevention solution.

15 17 Woodgrain Millwork, Inc. Fruitland Manufacturing www.woodgrain.com Kelly Dame, Reed DameManufacturer and distributor of doors, windows and mouldings. Family owned and operated for over 50 years. In Idaho since 1969.

16 15 Employers Resource Management Company Boise Services -(PEO) Professional Employer Organization www.employersresource.com George H. Gersema, Mary D. GersemaPreserving the American Dream for businesses by handling employer related governmental compliance through PEO services.

17 20 Bodybuilding.com, LLC Boise Retail Trade www.bodybuilding.com Ryan R. DeLuca, Chris OlsenInternet retailer of sports, fitness and nutritional supplements.

18 19 Stinker Stores Boise Retail Trade www.stinker.com Charley D. Jones, Nancy JonesIdaho convenience store chain founded in 1936, with 65 stores and more than 500 employees. Arrowrock Supply and Westpoint Transportation are affiliated companies.

19 23 POWER Engineers Incorporated Hailey Other - Engineering/consulting www.powereng.com Jack Hand, Bret MoffettA global consulting engineering firm specializing in integrated solutions for energy, food and beverage, facilities, communications, environmental services and federal markets.

20 22 Super 1 Foods Hayden Retail Trade www.super1foods.net Ronald B. McIntire, Randy McIntireA grocery supermarket company operating in Idaho and Montana. Founded in 1970 by Ron McIntire.

21 21 D&S Factors LLC Fruitland Transportation www.dsfactors.com Diana Clover, Andrea WrightD&S purchases accounts receivable to help small transportation companies with cash flow in the transportation industry.

22 25 Ridley’s Family Markets Twin Falls Retail Trade www.shopridleys.com Jerry L. Ridley, Mark RidleyA family owned chain of supermarkets, pharmacies, and Ace hardware stores with locations in Idaho, Utah, Nevada, and Wyoming.

23 24 Norco, Inc. Boise Wholesale Trade www.norco-inc.com Jim Kissler, Ned PontiousNation’s largest privately held gas manufacturer and distributor of welding, safety and medical equipment.

24 28 Peterson Auto Group Boise Transportation www.petersoncars.com Mark M. PetersonSales, service and Insurance for new and used automobiles; auto parts and body shop; new brands include Toyota, Scion, Lexus, BMW, Chevrolet, Buick, Cadillac, Dodge, Chrysler, Jeep, and Ram.

25 26 Western Power Sports Inc. Boise Wholesale Trade www.wps-inc.com Craig Shoemaker, Randy LawrenceWholesale distributor of motorcycle, snowmobile, ATV and personal watercraft parts and accessories.


I d a h o ’ s T o p p r I v a T e C o m p a n I e sI D A H O P R I V A T E 7 5 2 0 1 3 C O m P I l E D b y K P m G

2013 2012Rank Rank Company Name Headquarters Industry Web site address Top Executives

26 27 Land View Inc. Rupert Agribusiness www.lvf.com Roy M. Young, Lance L. WhitneyManufactures, warehouses, distributes, and delivers agricultural crop inputs, dairy and livestock feeds and ingredients, and industrial and food process chemicals.

27 34 Small Mine Development LLC Boise Other - Underground Mining Contractor www.undergroundmining.com Cheryl Gmirkin, Jesse LeibThe leader in safe, productive and innovative mining solutions.

28 18 ESI Construction Meridian Construction www.esiconstruction.com Thomas D. Hill, Neil W. NelsonAmong the nation’s leading commercial contractors working throughout the United States in diverse market sectors.

29 33 Dennis Dillon Auto Group Boise Retail Trade www.dennisdillon.com Dennis E. Dillon, Bradley B. DillonFamily owned and operated organization providing sales and service of Cars, Trucks, Vans, SUVs, Motorhomes, Travel Trailers, & Boats for over 39 years.

30 29 Litehouse Foods Sandpoint Manufacturing www.litehousefoods.com Jim Frank, Kelly PriorLighthouse is an employee owned company founded by the Hawkins family in their restaurant in Hope, Idaho over 55 years ago. Lighthouse manufactures and distributes a large variety of salad dressings, dips, sauces, carmel, freeze dried herbs and apple cider.

31 31 Edmark Chevrolet, Cadillac, GMC, Buick, Kia/Volkswagen Audi Boise Nampa Retail - Automotive & Service www.edmarksuperstore.com Jim E. Chalfant, Dave EdmarkAutomotive sales and service: Chevrolet, Cadillac, GMC, Buick, KIA/Volkswagen, Audi. www.vwaudiboise.com

32 30 Capitol Distributing Meridian Wholesale Trade www.capitoldist.com Cory Jackson, Tremayne ArnoldFull line grocery warehousing and distribution to Idaho, Nevada, Utah, Oregan and Washington.

33 32 United Heritage Financial Group Meridian Other - Insurance/financial services www.unitedheritage.com Dennis Johnson, Jack WinderlOffering life, property and auto insurance products, annuities and investments, and financial services in 39 states, primarily in the western U.S.

34 35 Oppenheimer Companies, Inc. Boise Other - Food Sales & Marketing, Food Processing, Real Estate Development, Investment www.oppcos.com Arthur F. (Skip) Oppenheimer, Food processing, distribution, sales and marketing industries as well as two affiliated companies involved in real estate. Douglas F. Oppenheimer

35 36 Broulims Super Markets Inc. Rigby Retail Trade www.broulims.com Robert W. Broulim, Wade SnedakerRetail grocery stores with pharmacies and hardware stores.

36 37 Commercial Tire Inc. Meridian Retail Trade www.commercialtire.com Bob Schwenkfelder, J. Trent SchwenkfelderProviding tire sales and service for over 40 years in Idaho, Oregon, Washington and Utah.

37 47 Idaho Pacific Lumber Company Inc. Boise Wholesale Trade www.idapac.com Eric D. Grandeen, Rick Sullivan, Wholesale distribution of lumber and building materials to contractors on large, single family, multi-family and commercial projects. Keith Berg

38 38 ECCO Group Boise Transportation www.eccolink.com Chris Marshall, Tom MazzeiDesigns, manufactures and markets commercial and emergency vehicle warning products - back-up alarms and amber warning lights and lighting systems.

39 58 Hawkins Companies Boise Other - Real Estate Development & Mgmt Co www.hcollc.com Gary R. Hawkins, Robert L. PhillipsNational commercial real estate development company of over 240 real estate projects in 23 states in excess of 9.8m SF.

40 54 Hansen-Rice, Inc. Nampa Construction www.hansen-rice.com Burke Hansen, John RiceDesign-Build General Contractor specializing in agricultural and industrial construction. Services include: Master Planning, Design & Engineering, General Contracting, Construction Management, Steel & Erection.

41 48 Franklin Building Supply Co. Boise Retail Trade www.franklinbuildingsupply.com Rick Lierz, Rhonda MillickFull service building supply sales to builders, remodelers and consumers.

42 44 Bronco Motors Inc Boise Retail Trade www.broncomotors.com Grant L. Petersen, Jr., Richard SchraftOne great company, six great brands, Hyundai, Infiniti, Nissan, Nissan Commercial, Mitsubishi and Bronco Certified Pre-Owned; Idaho’s finest since 1971.

43 69 Hayden Beverage Co Boise Wholesale Trade www.haydenbeverage.com Dodds Hayden, Dan ScovelDistributor of specialty beer, wine, and soft drinks including Heineken, Fat Tire, St. Chapelle, Yellow Tail, Kendall-Jackson, Red Bull and many others.

44 41 Thomas Cuisine Management Meridian Services - Food www.thomascuisine.com Thad Thomas, Mark KadellProviding unparalleled on-site food management services to clients in healthcare, corporate and event center industries.

45 64 CBH Homes Meridian Construction www.cbhhomes.com Corey Barton, Ronda CongerAs Idaho’s #1 homebuilder, CBH has built over 13,000 shiny, new, awesome homes with a passionate team of 75 superstars!

46 43 Great Floors Coeur d’ Alene Retail Trade www.greatfloors.com Doug & Ken Chadderdon, Jim McGeeProviding quality floor coverings and countertops for Northwest homeowners and businesses for over 40 years.

47 42 Boise Peterbilt, Inc. Boise Transportation www.peterbiltofidaho.com Blake A. Jackson, Bruce AdamsA full-service distributor (sales, service, body shop and financing) of Peterbilt heavy and medium duty transportation equipment.

48 45 D&B Supply Co. Caldwell Retail Trade www.dbsupply.com Mark Schmitt, Blaine ReamGeneral merchandise retailer specializing in farm and ranch supplies, large and small animal feeds, agricultural and residential fertilizer and chemicals, lawn and garden supplies, hardware, western, work and casual clothing and footwear.

49 50 Dickinson Frozen Foods Eagle Manufacturing www.dickinsonfrozendfoods.com Gregory Huff, Michele SmithOperates plants in Fruitland and Sugar City, Idaho processing and selling individually quick-frozen vegetables to industrial food processors and food service companies.

50 40 Kingston Companies Idaho Falls Diversified Holdings www.thekingstoncompanies.com David O. Kingston, Brandon SnyderFood distribution & cold storage, farming, transportation brokerage & trucking, property development & management, “green” energy production, distressed bank loan portfolios, real estate & loan workout servicing.


Idaho’s Top prIvaTe CompanIes2013 2012Rank Rank Company Name Headquarters Industry Web site address Top Executives

51 53 Western Trailer Sales Co. Boise Manufacturing www.westerntrailer.com Jerald M. Whitehead, Vicki L. KovashManufacturer of over-the-road trailers, producing flatbed, wood residual, agricultural and refuse trailers serving industries across the U.S.

52 49 Portage, Inc. Idaho Falls Services www.portageinc.com Nick Stanisich, Kevin PoorA full service engineering and environmental services company supporting federal, state, tribal, and local governments and private industry.

53 51 Delta Dental of Idaho Boise Services-Dental Benefits www.deltadentalid.com Jean De Luca, Greg DonacaDelta Dental is Idaho’s largest provider of dental benefit programs and is committed to improving the dental health of Idahoans.

54 56 Global Travel Boise Services - Travel Related www.myglobal.com Evelyn Loveless, Kevin LovelessAn Idaho Corporation specializing in the Art of Travel; Corporate, Leisure, Group & Event planning. “Space Travel Coming Soon” One call does it all 387-1000.

55 46 Smith Chevrolet Co., Inc. dba The Smith Group Idaho Falls Retail Trade www.thesmithgroup.com Stafford L. Smith, Nathan JohnsA family owned corporation specializing in the sales and service of new Chevrolet, new Honda; pre-owned and recreational vehicles.

56 59 Clear Springs Foods Inc. Buhl Manufacturing www.clearsprings.com Larry W. Cope, Keith QuigleyLargest producer of aquacultured Rainbow Trout. Products can be found nationwide and in Canada.

57 60 McAlvain Group of Companies, Inc Boise Construction www.mcalvain.com Torry McAlvainFor more than 33 years, McAlvain Group of Companies has been providing design/build, construction management, and general contracting services throughout the Western U.S.

58 55 RSCI Meridian Construction www.rscigroup.com Zeke JohnsonConstruction company specializing in industrial and federal government facilities.

59 61 Intermountain Industries, Inc. Boise Other - Oil & natural gas production www.intermountainindustries.com William C. Glynn, Paul R. PowellClosely held holding company whose principal subsidiary, Petroglyph Energy Inc. is the General Partner for IIIX LP, an independent oil and natural gas company that develops and produces oil and natural gas reserves in Utah, Colorado, and North Dakota.

60 62 Tomlinson & Associates, Inc. Boise Diversified Holdings www.tomlinsonassociates.com Gregory J. Tomlinson, Tanya WilminkA vertically integrated multifamily commercial real estate company, providing property/asset management, development and rehabilitation services throughout the Northwest.

61 52 Petra Inc. Meridian Construction www.petrainc.net Jerry S. Frank, John QuappCommercial general contractor and construction managers specializing in office, education, retail, hospitality, worship centers, business parks, warehouse & industrial construction.

62 72 Hoff Companies, Inc. Meridian Diversified Holdings www.hoffc.com Brian Hoff, Leon BruchWholesale distribution of building materials, vinyl window manufacturing, timberland management, land development.

63 71 Syringa Networks Boise Technology - Telecommunications www.syringanetworks.net Greg Lowe, Bachchi Samahon-OumarSpecializing in custom network solutions for businesses, providing high performance fiber-optic networks, services, and equipment throughout the region.

64 57 Premier Technology, Inc. Blackfoot Manufacturing www.ptius.com Shelly Sayer, Douglas A SayerCustom engineering, design, fabrication, testing and installation for nuclear, Department of Defense, aeronautical, food, and chemical processing industries.

65 65 Bateman-Hall, Inc. Idaho Falls Construction www.bateman-hall.com Shay Moon, Mike ClementsGeneral Contractor and construction management firm specializing in commercial buildings, public facilities, industrial buildings and warehouses for over 38 years.

66 68 Empire Airlines Inc Hayden Other - Airline / Aerospace www.empireairlines.com Timothy D. Komberec, Scott MarikisProvides air freight services in the western U.S. and Alaska. Operates an airplane maintenance repair and overhaul facility at its hangar in Hayden, ID. www.empireaerospace.com

67 Hubble Homes LLC Meridian Construction www.hubblehomes.com Don Hubble, Doug MilliganResidential builder offering high-value, well designed homes while allowing for personal customization. At Hubble Homes we are Dwelling on Design.

68 67 J-U-B ENGINEERS Inc Boise Other - Engineering www.jub.com George L. Wagner, Lee E. CammackJ-U-B provides civil engineering, construction administration and inspection; environmental; funding/grant administration; GIS/mapping; landscape architecture; planning; public involvement and surveying services.

69 66 S1 IT Solutions Inc Boise Technology www.chooseS1.com Paul Maier, Erik ClineAs a consultative solutions-focused company, S1 offers one source for seamless, high-value technology and services - providing expertise in planning, design and implemention, and ongoing technical support.

70 The Russell Corporation Meridian Construction www.russcorp.com Neal H. Russell, Sharon K. RussellCommercial general contractor serving the Northwest.

71 74 Healthwise Boise Other - Healthcare www.healthwise.org Donald W. Kemper, Jim Giuffre‘Over a billion times, people have turned to Healthwise patient education solutions to make better decisions and live heathier lives.

72 75 SummerWinds Garden Centers, Inc. Boise Retail Trade www.summerwindsnursery.com Frank Benzing, John JozwikOperating upscale retail nursery and garden centers with 14 locations in Arizona, California and Missouri.

73 Stein Bros., Inc. Rathdrum Retail Trade www.familyfoodsstores.com Larry A. Stein, Jim W. SteinThird generation grocery business founded in 1929 in Kellogg. Currently five locations; three in Idaho and two in Montana.

74 Tri-City Meats Inc Meridian Wholesale Trade www.tricitymeats.com Randy D. Hetrick, Nick L. ZenovichFood service distribution company servicing southwest Idaho.

75 D&D Transportation Services Inc. Gooding Transportation www.ddtsi.com Calvin Kuntz, Jennifer GravesNationwide transportation and logistics company specializing in the transportation of refrigerated and dry goods for the food grade industry.

I D A H O P R I V A T E 7 5 2 0 1 3 C O m P I l E D b y K P m G


Partnership. Going back only five years, you’ll find a list of more than 80 of these honors.

Some of these lists are lighter subjects, like this year’s No. 5 Gallup poll rating for Five States Experiencing the Most Enjoyment, but others are real, informative studies, like this April’s Thumbtack (& Kauffman Foundation) list that ranked Idaho as the No. 1 state for Training & Networking Programs, Licensing Regulations and Ease of Starting a Business, giving Idaho an A+ Ranking for Overall Friendliness.

Clark Krause, the Executive Director of the Boise Valley Economic Partnership, says Idaho and Boise are consistently ranked by The Wall Street Journal, Kiplinger’s and Forbes as Top 10 locations for business AND family in the U.S.

There’s a history here, too. Look at companies like Micron, Morrison Knudsen (now URS), Albertsons and the J.R. Simplot Company. They all saw the potential and took advantage of it.

Krause also credits a stable government with a debt-free budget and its approachable leaders, as well as a strong education backbone and high-tech companies and research partners that have worked to keep Idaho’s momentum in innovation.

“Idaho has a National Laboratory doing groundbreaking research,” he said. “Technology companies continue to invent. The Valley has been ranked as one of the top patent-producing metros in the country per capita.”

He also notes the low crime rate and the dedi-

cation to philanthropy.“Compared to other metros, the leaders of the

Valley have always been invested in giving back,” he said. “It typically only takes one phone call to connect with someone here, and the leaders have been very giving of their time and resources.”

“First and foremost, Idaho is a great place to live,” Donovan said. “Known for its friendly resi-dents and pro-business attitude, we have a stable tax base, and the overall cost of doing business in Idaho is minimal compared to some other states.”

KPMG studies have ranked Boise as No. 1 for lowest business costs in the Pacific US. For profes-sional services, Boise ranked at 83.6 percent of the international average for cost of doing business. The cost of power is also one of the lowest in the country. Throw in a cost of living index below the national average and housing costs at 84 percent of the national average, and you’ve got good numbers.

Throw in the “quality of life” you hear men-tioned constantly, and it will all make sense. When it comes to luring new businesses or professionals to Idaho, many business leaders admit it is actual-ly a pretty easy sell — all you’ve got to do is get them here and it’s all over. We are one of the fast-est-growing states in the country after all.

So don’t be surprised the next time you see Idaho on somebody’s Top 10 list. It’s on your list, isn’t it?

winco foodsWinCo Foods, founded in Boise in 1967 by Ralph Ward

and Bud Williams, began under the name Waremart. The com-pany operated discount warehouse grocery stores known as Waremart Food Centers and Cub Foods until 1999 when it changed its name to WinCo Foods, which stands for Winning Company.

In 1985, the WinCo Foods Employee Stock Ownership Trust (“ESOP”) led by then-president Bill Long, along with full support of store personnel and management, purchased a majority interest in WinCo from the Ward family, giving employees an ownership stake in the company. Rapid growth ensued, and WinCo now employs over 14,400 individuals, nearly 12,000 of who are employee owners. Annual revenues have increased to approximately $5.5 billion this year.

WinCo Foods has experienced success for over 40 years by offering large stores that feature items priced below our competition. Our culture of employee ownership in the ESOP, which has grown at an annually compounded rate of 19.5%, has created an extremely dedicated workforce with a secure retirement future.

WinCo currently operates 88 stores and four distribution centers in seven western states with plans to continue its growth in our current operating areas and to enter the Texas market for the first time in 2014. We continue to grow in Idaho

as well, having opened a new store this year in Pocatello, plans to open a Coeur d’Alene store in November and another in Lewiston in the next year, or so.

We, the 1,800 Idaho employee owners of WinCo are pleased to be honored yet again in the Idaho Private 75. We thank the Boise community and the State of Idaho for its longstanding support and we look forward to continuing to serve you.

2013

#2

Why idaho? continued from P.6


Two of Idaho’s perennial big players on the Private 75 list have been very busy the past couple years, and more changes are ahead.

Blue Cross of Idaho (No. 4) and Regence BlueShield of Idaho (No. 11) will dominate the opening round of health insurance exchange opportunities that will see a total of four companies offer almost 150 different plans for unin-sured Idahoans. The other two companies in the exchange hail from Utah and Oregon. Because 14 percent of Idahoans are currently uninsured, that leaves a potential of more than 220,000 new customers over the next few months.

In total, there will be about 60 plans for individuals and 55 plans for small businesses. In addition, about 30 dental

plans will be available. Blue Cross leads the numbers game with more than 40 of those choices, designed for a variety of needs.

Every state is a little different in the way the exchanges are approached. Oregon, for example, is expected to have nearly 11 insurance companies in the exchange, although some are only available in certain parts of the state. Utah will have six companies and 99 plan choices, but the state also chose to split its administration of the exchange by putting the individual marketplace under the federal gov-ernment and leaving the small business plans to the state.

Some states have as few as two insurance companies competing in the exchange, and many other state exchanges have been in flux with some companies drop-

ping out and others waiting to participate until they see how the market and the economics play out over the ini-tial stages.

What is clear is that many more changes and challeng-es lay ahead. But these two Idaho powerhouses are ready to grab the uninsured bull by the horns.

by dusty parnellBlue Cross has come a long way since 1929 when it was

started by some university teachers in Texas who paid $6 a year to cover up to 21 days of hospital care.

In 2012, Blue Cross of Idaho Health Service, Inc., did more than $1.8 billion in business for more than 710,000 people — and that’s more than double the number of clients in the past 10 years. In 2010 and 2011, Blue Cross of Idaho was the fastest growing Blue Cross Plan among the 39 independent Blue Cross Blue Shield Plans nationwide. The company now pro-vides services to almost HALF the state’s population.

The company is headquartered in Meridian and is one of the state’s largest employers. The organization has numerous industry awards to show for its efforts, including membership growth and medical management.

“Experience has taught us that our success is a result of the service we provide,” said President and CEO Zelda Geyer-Sylvia. “This dedication to customer service is the driving force behind our 68-year success story and continues to be at the heart of everything we do. We strive to keep premium rates low, and have one of the lowest administrative-cost ratios among health insurance companies in the nation at 7.2 per-cent.”

While the company has always focused on controlling costs, product selection, educational tools and partnerships to keep up with everyday needs, the issue on everyone’s mind is how the company will deal with the Affordable Care Act. Since the law was passed in 2010, Blue Cross has had a team in place to adjust its products and implementation to the new rules and regulations.

“It’s difficult to anticipate all of the challenges that lay ahead, but we have the processes and plans in place to ensure we meet those challenges by working cross-function-ally, within the company, to meet our members’ needs,” Geyer-Sylvia said. “We’ve developed a full array of products to offer

Idahoans on and off the Idaho Health Insurance Exchange and have coordinated the enrollment, billing, reporting and data exchange activities surrounding the new premium tax credits.”

Indeed, Blue Cross is one of four companies participating in the exchange in Idaho, and will offer more than 40 varia-tions of insurance products.

“The Affordable Care Act (ACA) gives families and busi-nesses more involvement in making their own health insur-ance choices, and that’s what we think will be the wave of the future — more Idahoans taking greater control over their own healthcare choices,” she said. “With this in mind, the most suc-cessful healthcare systems of the future will align economic and quality-of-care incentives so insurers and providers are working in unison to achieve shared goals. This new way of buying health insurance will connect individuals and employ-ers to insurers in a more transparent way, making it easier to compare the benefits and costs of plans.”

Blue Cross of Idaho has been a success in this state since 1945 when it originated as the Idaho Hospital Service and began offering prepaid hospital services to employee groups, including several Northern Idaho mining operations. By the end of its first year, enrollment exceeded 10,000 members. By the end of the second year, 615 employer groups had enrolled with more than 35,000 subscribers. (How does $1 per

month and $2.50 per family per month strike you?) In 1948, membership was open to the general public. The name was officially changed to Blue Cross of Idaho in 1973, and that’s when today’s Regence BlueShield also broke off into a separate entity.

By 2003, the enrollment number had topped 300,000. Now, 10 years later, that number is 710,000. Based out of Meridian, district offices are located in five cities around the state.

Those kind of numbers show why this tax-paying, not-for-profit mutual insurance company continues to hold strong to its Top 5 spot on the Private 75 list. Almost half of the state’s population is enrolled in its medical and dental insurance pro-grams. This kind of strength is all the more impressive when one realizes the company operates only in the state of Idaho.

“Blue Cross of Idaho is not just the oldest and largest insurance company in the state, we employ more than 850 Idahoans,” Geyer-Sylvia said. “Like our members, we’re ‘of Idaho,’ too. We live, work and play here, and it’s our friends, families, neighbors and communities who inspire us every day. Our company was founded on the support of com-munities across the state and we continue to grow through collaboration with our network partners who represent every hospital in Idaho and account for 96 percent of Idaho physicians.”

The company backs up those words with its sponsorship and involvement with community events around the state, including those associated with its own charity organization, the Blue Cross of Idaho Foundation for Health. One of its initiatives is the prevention of childhood obesity. The Foundation sponsors an annual bicycle ride to benefit those goals. The United Way is another annual campaign supported by the employees, who reach their participation goals every year.

In addition, some employees give presentations about the new health care exchanges at their local civic, social and faith meetings. The company has also partnered with the Idaho Library Association to reach out with helpful information for those seeking to navigate the new changes. Together, they have created the website getcoveredidaho.com to help meet that demand.

While the short-term goals of creating a path of success through the new healthcare laws are obvious, Blue Cross of Idaho plans to be ready when the clouds of new-law confu-sion clear away.

“Regardless of the short-term outcomes surrounding healthcare reform, long-term stability in the healthcare indus-try will require innovation and change in how we provide and pay for services,” Geyer-Sylvia said. “We remain dedicated to holding down medical costs by identifying trends and work-ing with our partners in the healthcare industry to ensure our members receive appropriate, evidence-based treatment focused on outcomes.

“At the same time, we will continue to provide our members with resources to improve their health and control the long-term costs associated with chronic conditions, sickness and disease. By focusing on our members’ financial well-being, while remaining dedicated to their long-term physical health, we will meet our immediate and long-term goals.”

blue Cross of idaho is geared up and readyOldest insurance company in Idaho focused on healthcare needs

Photo by dusty ParnEllBlue Cross of Idaho and Regence BlueShield of Idaho, both perennial Top 12 companies on the Private 75 list, are participants in the new Idaho insurance exchange as part of the Affordable Care Act. Fourteen percent of Idahoans are currently uninsured.

health insurance industry sees changesThe Affordable Care Act gives birth to state exchanges

“Regardless of the short-term outcomes surrounding healthcare reform, long-term stability in the healthcare industry will require innovation and change in how we provide and pay for services.”

— Zelda Geyer-Sylvia, CEO & President of Blue Cross of Idaho


by dusty parnellRegence BlueShield of Idaho’s history goes back as

far Blue Cross of Idaho when both companies worked together to bring health insurance to Idaho. Although Blue Cross tends to edge out BlueShield on the Private 75 list, BlueShield is never far behind, always hovering around the edges — inside and out — of the Top 10. This year, it lands at the No. 11 spot, just squeezed out by the ever-growing Scentsy, which moves into the Top 10 for the first time this year.

While BlueShield and Blue Cross are often joint ventures in other states, here in Idaho, the two companies became separate entities about 40 years ago. BlueShield is head-quartered in Lewiston, with other offices in Boise, Coeur d’Alene and Pocatello, and it serves nearly 160,000 Idaho residents through workplace or personal coverage. The nonprofit company is also in Asotin and Garfield counties in Washington.

In 2012, Regence BlueShield launched a new partnership with St. Luke’s Health System called the Healthy U CoPartner Program.

“Most public programs and private insurance plans pay for healthcare on a fee-for-service basis, meaning all servic-es are paid regardless of their impact on patient health,” said Scott Kreiling, President of Regence BlueShield of Idaho. “Today, new payment models are realigning incen-

tives to encourage quality improvement and cost control. Doctors and nurses work closely with patients who have multiple health conditions to engage them more in their treatment plans, promote lifestyle adjustments and improve their overall health.”

This program opens the door to explore similar ideas through different reimbursement partnerships.

The big issue though, of course, is the uninsured elephant in the room.

“Our country is in the midst of the most far-reaching change to our healthcare system since the passage of Medicare and Medicaid in 1965,” Kreiling said. “The Affordable Care Act is like a highway. It gives us a direction to head, but we’re in control of when we change lanes and where we want to drive. Insurers and other players in the industry will need to reassess how they operate and com-pete. They must also be prepared to shape and help lead the healthcare transformation.”

Regence is prepared for that challenge Kreiling said, and the company has a strategy that is well-grounded yet flexible enough to adapt to evolving dynamics.

“There’s potential for historic volume as new consumers enter the market,” he said. “From a business perspective, our affiliated company is participating in four exchanges, inter-facing with four different systems. With the level of com-plexities, there will be some bumps in the road but we’re

prepared to serve members, answer customer questions and pay claims, and have contingency plans for any gaps.”

He promises the company will continue to evaluate market demands and consider products and services that will best fit the ever-changing health insurance market-place, both on and off the exchange.

“Long term, we must never lose sight of health in healthcare. It’s a significant challenge and why partnerships like the one we have with St. Luke’s are so important,” Kreiling said. “Also, we must continue to address the rising cost of care. Stemming this growth has become a major policy priority, as government, employers and consumers increasingly struggle to keep up. Health insurers like Regence BlueShield of Idaho play an important role in addressing this challenge. We are committed to work with lawmakers, community leaders and others to develop sustainable solutions that help make health care more affordable.”

The company has launched the website healthcareandreform.com to help consumers navigate the changing healthcare landscape. BlueShield has a proven customer service record, processing more than 200,000 claims per month in 2012, which were paid with a financial accuracy rate of 99.9 percent. It also fielded 150,000 phone calls from members during the year, with 82 percent of the issues resolved with just one call.

Economic impact studies (based on 2011 data) show what this company means to Idaho. Business operations generated $66.4 million in economic activity, including 784 jobs and $52.2 million in income. Other key findings about how Idaho benefits include:

Every $1 million BlueShield spends is linked to another $600,000 in spending.

Every 10 jobs at BlueShield are linked, on average, to another six jobs in Idaho

$13.7 million in tax and fee revenues were generated for state and local governments

Corporate voluntary monetary contribution in Idaho totaled $560,000, or about $720 per employee, which is slightly higher than the US corporate average.

This past April, Regence BlueShield provided $100,000 to fund the American Heart Association in Idaho’s “Have a Heart, Save a Life” program, which provides CPR training kits to more than 3,200 seventh-grade students and teach-ers across the state. Then in August, the Foundation award-ed the Treasure Valley YMCA with more than $37,000 to strengthen their childhood obesity prevention programs.

“Our roots are here,” Kreiling said. “We were founded in Idaho and have been part of our communities for 67 years, and we intend to stay.”

regence blueshield of idaho is up to the challengeInsurance company is ready for healthcare exchange

kpmg

By John Hale, Managing Partner, KPMG BoiseCollecting, managing and analyzing data effectively

can give companies in Boise and across the U.S. a huge competitive advantage. But effectively leveraging the enormous river of data from business transactions, third parties, mobile devices, email, social media and any number of other sources requires preparation and savvy.

It won’t necessarily be easy. Research conducted by my firm indicates that even leading organizations face significant internal obstacles inhibiting their ability to realize increased value from data. For example, many organizations lack a full understanding of how to access data or use analytics to improve business performance and manage risk, which is further compounded by skill limitations and competing strategic priorities.

Several Boise Valley companies understand this need and are building successful solutions to assist major US corporations in monetizing their data, and protecting their information from uninvited access. Such local companies as Clearwater Analytics and WhiteCloud Analytics provide solutions in this space.

In a global survey, 94 percent of executives iden-tified complexity as their greatest challenge – and

information management ranks as one of the top two reasons cited. Ironically, information management is also the most popular way to manage complexity, cited by 84 percent of executives in the research.

The research seems to reinforce the notion that gaining a competitive advantage will be driven by the ability of a company to consume, produce and govern this complex flow of information – “Big Data” -- inside and outside the company walls.

Companies should take time to prepare for this world of analytics and often the finance function is the best place to start to address the volume, velocity and variability of data. Finance can help deploy analytics to all types of data to create information that is relevant for a variety of needs. Finance can also help place data in the context of market conditions and anticipated changes in the operating environment to produce “ac-tionable knowledge.” Finally, finance is ideally placed to provide assurance over data quality and integrity and can best respond to issues such as fraud, risk, compliance and taxes.

But enabling data and successfully applying analyt-ics will take more than a smooth hand-off to the finance team. It will take strong leadership to bring about a culture change in the entire organization.

To be successful, leaders should consider three things: Insight: Focus primarily on information that can ad-vance the business agenda. Leaders should take a 360 degree view of the extraordinary volume of data avail-able to them – historic, current and predictive – so they can extract what they need. Focus first on business outcomes (i.e. what goals are most critical?) and then determine what information is needed to advance the business agenda.Information: Organizations often seek data preci-sion, but what they also need is data relevance. By putting the business needs of decision-makers above the requirements of existing processes, leaders will be in a better position to know what information they need to realize value across the organization. Then they can begin to scope the available data and adapt business processes to meet identifiable needs.Actionable results: Apply analytics to make sense of the results. Organizations that devote the right resources to performing analytics on relevant data will benefit from an informed perspective, allowing leaders to make better business decisions.

Turning data into actionable information is creating new markets from custom modeling and analytics,

visualizations and dashboards to master data manage-ment and storage considerations, like cloud. Big Data and analytics will disrupt many business models, which will drive business transformation, all of which will have tax, risk and regulatory implications – and a myriad of challenges for leaders.

But harnessing information is clearly the key to suc-cess in the evolving digital economy. Businesses that embrace business analytics and properly plan for its use can produce a powerful engine for growth.

2013

SPONSOR

Taming a River of Information Requires Preparation, Analytics


703484-01

Congratulationsto the top

privately owned companies in

Idaho.

1220 N. Olive Ave.Meridian, ID

208.888.2799

Idaho’s Premier Jeweler

www.SimmonsFineJewelry.com

bVEP game plan a winnerClark Krause leads the charge for economic growth

by dusty parnell“Idaho is positioned to be a huge winner in the next

several decades.”“Looking at the history, great companies have

grown here.”“Idaho has continued to offer a low-cost and friendly

environment to businesses. As the economy grows, people look for those types of places to expand or relocate.”

We’ve heard it all before. People say we need a new Micron. A new this. A new that. And those other companies should locate here. We’ve heard the talk.

But for the man who made those comments, it’s not just talk.

“We started a 5-year campaign to create 3,000 jobs for the Valley in May 2011. Since starting the campaign, we have announced eight companies and 2,395 jobs to the Valley.”

The man behind those words is Clark Krause, the Executive Director of the Boise Valley Economic Partnership (BVEP). And he’s determined to move Idaho’s economy and business community forward.

He doesn’t do it alone. It’s a major collaborative effort that really plays into this year’s Private 75 theme — “Why Idaho?” The term “partnership” is no loosely defined word just thrown around that sounds good. This partnership consists of 114 local communities and businesses dedicat-ed to economic development and vitality across five coun-ties of Southwest Idaho.

BVEP works as a one-stop organization for companies looking for more information about the area.

“We spend time putting together information for research requests (RFI’s), coordinating local contacts and hosting company representatives for site visits,” Krause said. “We also work to support the needs of the cities in the Valley by assisting with talent attraction, advocacy and business retention and expansion. We meet with a repre-sentative from each city on a regular basis to stay updated about the needs in each community.”

That alone should keep Krause and the partnership busy.

“We also focus on aggressive recruitment through sales missions to some of the larger cities in the United States,”

he said. “By visiting consultants and companies who work within the industries that do well in the Valley, we generate leads that hopefully turn into projects. Our primary target industries include advanced manufacturing, health scienc-es, food processing and agribusiness, computer and elec-tronics technology, professional services and recreational technology.”

It doesn’t matter what size a company is — a large corporation or a small start-up entrepreneurial enterprise — everyone gets the same service.

BVEP helps evaluate the available workforce (and then connects businesses to those resources), it initiates real estate searches, coordinates site trips with personalized orientations, helps evaluate and apply for incentives and aid with the permitting process, organizes strategic meet-ings with business leaders and community officials, helps with promotion and more.

The 2013 Chairman of the organization and Managing Partner of Thornton Oliver Keller Commercial Real Estate, Michael Ballantyne, describes BVEP as “the quarterback that brings all the pieces to bear into a central location.”

In some ways, that “central location” can be taken literally. BVEP offices are right down the hall from the Boise Metro Chamber of Commerce and the Visitors Bureau in the C.W. Moore Plaza. From the building’s penthouse patio, you can spot several building cranes at work across downtown Boise.

In other ways, that “central location” can be interpreted institutionally. While there may have been challenges in the beginning, today’s overall partnership includes state and local governments, the private sector and our public institutions. All have recognized the need to work together, and it is working. The BVEP set a high bar with measurable goals for the first five years, and many of those goals will have proven successful long before that deadline.

But those goals are still just measuring sticks. They are not the job. There will be another 5-year plan on the heels of this one, which will be more of the same with a focus on retention and industry collaboration.

“The biggest challenge is to continue building a competitive environment to compete with other metros,” Krause said.

Photo by dusty ParnEllBoise Valley Economic Partnership (BVEP) Executive Director Clark Krause is one of Idaho’s best business ambassadors. The organiza-tion has already brought nearly 2,400 jobs to the Treasure Valley while only at the halfway point of a five-year goal of 3,000 new jobs.


It’s our job to sell cars and trucks, but it’s our mission

to do what’s right.

LET’S START SOMETHING GREAT.

Idaho made a big step forward when the $3 million Idaho Opportunity Fund was signed into law this past March, he said.

This grants program — which supports expansion of existing businesses as well as new business recruitment — has demonstrated a strong return on investment in states with similar programs. Components of the legislation include community match requirements, customized grant agreements and performance-based criteria.

“Idaho is in a terrific spot to take advantage of the opportunities available in the market,” Krause said. “If we are able to match the incentive packages that states like Utah and Arizona offer, it will be easy to see growth oppor-tunities multiply.”

Another recent accomplishment has been a better col-laboration between support organizations, such as a talent attraction initiative that brought together the Idaho Department of Commerce, Idaho Power, the Idaho Department of Labor, the Idaho Technology Council and others who partnered to address the talent shortage of software developers. A YouTube video launched in September was one of the first fruits of that effort. It show-

cases why young tech professionals should choose a life in the Boise area.

“For months, we’ve been meeting with HR representa-tives and recruiters within Boise Valley tech companies to understand where the gaps were and how we could put our resources to work on their behalf,” Krause said.

Meanwhile, Krause and the BVEP partners are hard at work to create a growing and vibrant Idaho economy. Clearly, they are doing something right.

“Know what the win looks like, and communicate that message to your partners,” Krause said. “BVEP is proud of producing a quality product to company executives and consultants looking at the Valley. We have a strong portfo-lio of marketing resources with current data and statistics that are refreshed constantly and take great pride in our fulfillment of the order to the end customer.

“Our presentation and messaging would give any eco-nomic development agency in the country a run for their money,” he said. “In our business, finish line management is crucial. We work hard to bring every opportunity to the client, and we work closely with our partners to bring a competitive package to the table.”

In the same way that Krause can see tangible growth and successes from his building’s penthouse patio, he also has a clear vision of how to navigate the future of the busi-ness economic landscape.

“Businesses need to be diligent in analyzing customer behavior and communicating with them in the way they prefer to be communicated with,” he said. “The customer’s needs are changing in the current economy. Marketing is no longer about making phone calls and sending post-cards; customers spend more time researching databases and downloading information from online. If your compet-itors are innovating, you better be innovating.”

“Idaho is in a terrific spot to take advantage of the opportunities available in the market.”

— Clark Krause, Executive Director of the Boise Valley Economic Partnership

kendall

Idaho Means a Great Deal to Kendall Auto Group

Kendall Auto Group is now one of the largest auto dealerships in the Northwest and has been connected to our communities for more than seventy-five years as a family-owned business. We believe it’s all about giving our guests an unrivaled experience. This pro-gressive attitude is more than selling and servicing vehicles; it’s about doing the right thing. We treat our guests and our communities like they’re part of the family.

Our mission is to do the right thing. With our Ken-dall Cares program, we invest and donate to each of the communities we do business in by partnering with

charities, non-profits, schools, and other local founda-tions. Through responsible business practices, we strive to be positive and productive stewards of our community and environment.

As a hometown dealer, we care about our custom-ers, employees and our Idaho community and to show our appreciation, it is our pleasure to give back. And that means a great deal.

For more information about Kendall Auto Group, visit www.kendallautogroup.com.

2013

#9


700120-01

Company name 2012 # of Companies in Industry

2011 # of Companies in Industry

2012 Revenues (millions)

2011 Revenues (millions)

2012 Idaho

Employees

2011 Idaho

Employees

2012 Total

Employees

2011 Total

Employees

agribusinEss 4 4 7596.87 7316.58 3714 3703 11556 11524

ConstruCtion 10 9 1510.97 1272.45 1048 1032 6149 4505

insuranCE 4 4 2528.70 2339.88 1831 1832 6490 7366

ManuFaCturing 7 9 1687.51 3843.99 4001 4232 5693 9852

othEr 9 9 2323.32 2086.00 3034 3019 5492 5329

rEtail 21 21 11427.53 10791.44 8157 8385 26064 25125

sErViCEs 7 7 928.39 868.44 1363 1339 3180 2894

tEChnology 3 3 451.13 564.65 233 195 331 263

transPortation 5 4 501.90 448.33 628 486 891 749

WholEsalE tradE 5 5 604.92 519.73 604 561 926 796

totals 75 75 29561.24 30051.49 24613 24784 66772 68403

idaho Private 75 top industries - Fiscal year compiled by kpmg

2013 idaho Private 75• 43 of the 75 or 57% are family owned

• Company Structure 53% are S Corps 24% are C Corps 13% are Partnerships 10% are listed as other

• Age of the companies participating: 3 are over 100 years 19 are between 51 and 100 years 37 are between 26 and 50 years 13 are between 11 and 25 years 3 are 10 years or less

information provided by kpmg

intermountain industries, inc./petroglyph energy, inc.Intermountain Industries, Inc. (“Industries”) is a

closely-held, holding company, incorporated in 1977 as a result of a reorganization of Intermountain Gas Company. In 1984, in response to an unsolicited tender offer, a group of investors made a success-ful competing offer and took the Company private. It sold Intermountain Gas Company in 2008. Industries principal operating company, Petroglyph Energy, Inc., is engaged in the production of Rocky Mountain oil and natural gas reserves. Another subsidiary, InterWest Capital, Inc. serves as a investment arm for non energy related businesses. The company’s senior officers

are: Richard Hokin, Chairman of the Board; Wm. “Bill” Glynn, President, Intermountain Industries Inc.; Paul Powell, President, Petroglyph Energy Inc.; and Mike Rich, EVP & CFO.

2013

#59

great floorsFor over 40 years, Great Floors has been serving

the flooring needs of Idaho businesses and families. From humble beginnings in Coeur d’Alene, the company has grown to 16 Northwest locations including the Treasure Valley showroom on Fairview Avenue in Meridian.

The company¹s success has been based on a three-prong approach of servicing three distinct markets, residential, commercial and builder, accord-ing to President and CEO Doug Chadderdon.

“We have team members at each of our locations who specialize in dealing with specific customers including multifamily and insurance restoration clients. Our retail team is most visible to the public, with our builder and commercial associates often are away on job sites or working with installers to get the flooring down,” the Idaho native stated.

The Company’s Meridian Showroom is located at 2855 East Fairview Avenue, just west on Eagle Road. Under the direction of Manager Morris Weatherford, the Treasure Valley location offers a full range of flooring options for region’s homeowners, from today’s eco-friendly, super-soft carpets to American-milled hardwood and next generation laminates to exotics such as cork, rubber and natural linoleums.

As my dad used to say, “if your house has a floor, we’ve got you covered,” Chadderdon says.

2013

#46


Congratulations to the following idaho Private 75 company for its achievement:

idaho Private 75 is available online at idahostatesman.com/idahoPrivate75

thE russEllCorPoration highEst rEVEnuE groWthHighest percentage revenue growth

– year over year – in the top 75


C

M

Y

CM

MY

CY

CMY

K

Stsmn-Top-75-qrtr.pdf 1 9/24/13 1:53 PM

by dusty parnellAs you peruse this year’s Private 75 list, it feels as though

nothing much has changed. Then you start to hear the sound of hammers and saws. Look again. The home construction market is one of the few industries showing some upward movement.

CBH Homes is up a big 19 spots on the list to No. 45. Hubble Homes is back on the list for the first time since 2010 at No. 67. Idaho Pacific Lumber Company moved up 10 places as well to No. 37. All three of those companies were in the Top 30 in 2007. They look headed for those spots again. BMC Building Materials & Construction is a Top 10 company and moved up to No. 8 from last year’s No. 10 position. That’s not always easy when you’re that high on the list.

Something is happening. One of the first clues came back in February when Boise checked in at No. 3 in the list of Metro Markets Leading the Housing Recovery. In the No. 1 spot was Detroit, where the only direction left for that city was up. The No. 2 position was held by Iowa City, a university town with a

Big 10 school, an unemployment rate under 4 percent and the home to several Fortune 500 companies, including Proctor & Gamble.

The Treasure Valley boasts a college, a lot of diversity, a proactive business attitude and makes the Top 10 lists of just about everything good when it comes to a place to live and work.

Although the market is not gangbusters, there are some good signs. Home prices have risen, which means fewer homeowners are feeling underwater. Inventory has bottomed out, and the best of the distressed properties have been thor-oughly picked over. There is still a need for more inventory, better loan opportunities and an improved employment rate, but some builders are selling homes almost as fast as they can build them.

“We have experienced the perfect storm of pent-up demand, shrinking availability of new homes, low pricing and historically low interest rates which have all combined to cre-ate incredible buying power and urgency in the market,” said

home construction industry sees riseCBH Homes and Hubble Homes make big moves up the list

Photo by dusty ParnEllHubble Homes re-entered the Private 75 list this year for the first time since 2010. From 2011 to 2012, the number of homes built went from 68 to 256. The company expects to continue to grow that number in 2013.

delta dental of idaho

simpleDelta Dental’s benefit plans help increase access

to quality dental care for businesses, families and indi-viduals. Our easy-to-understand benefit solutions are backed by a robust network of dental providers. Our variety of benefit plans allow members to take care of their dental needs without surprise costs, and our superior customer service makes the experience fast, simple and noiseless.

Helpful

Dental experts stand ready to help members and dentist office staff at a moment’s notice. Real people answer the phone, and as dental experts they can field questions and solve problems quickly. Additionally, our benchmarking reports and access to wellness informa-tion help businesses proactively manage their dental care and wellness needs.

trusted

We are a local non-profit fueled by the passion to advance dental health throughout Idaho. Our preven-tion programs serve Idaho’s underprivileged, and a national team of researchers advance the latest dental

treatments, improving lives, businesses, practices and communities.

delta dental of idaHo: simple. Helpful. trusted.

2013

#53

Congratulations to all the honorees! We are proud to be among Idaho’s top private companies!


A healthy gumline leads to a

Last year alone, adults missed 164 million hours of work because of dental-related problems. Dental disease is 100% preventable, and employees who regularly visit their dentist are healthier employees.

www.deltadentalid.com

Simple. Helpful. Trusted.

HeAlTHier boTTom line

Corey Barton, President and CEO of CBH Homes, the largest builder in Idaho. “We have been fortunate to acquire proper-ties that meet the current buyer demand as far as pricing, location and product.”

Hubble Homes has seen their numbers rise, too.“We are currently experiencing our most successful year

since 2007,” said CEO Don Hubble. “In 2011, we built a total of 68 homes, compared to 256 in 2012. Year to date, we have 209 under contract and will surpass last year’s numbers.”

And while the home construction market is definitely moving forward, developers and builders will not be putting

the accelerator to floor for another 0 to 60 disaster.“The challenges ahead will be controlling the overall cost

of labor, materials, land pricing and rising interest rates, which will reduce buying power,” Barton said.

“The beginning of the year started off with a bang. But as interest rates have risen, activity has started to taper off,” Hubble said. “We became spoiled with such low rates and, while people are starting to feel more comfortable with the economy, it’s going to take a while for homebuyers to adjust to the rising rates.”

The fact that these companies are doing well indicates the strength of their business foundations. Some builders and

developers fell by the wayside during the down years.“We had to tighten our belts just like everyone else,”

Hubble said. “But as the economy has recovered, we have been able to add more valuable members to our team. Internally, we have grown from an estimated eight employees in 2011 to 55. With such a dramatic difference in our construc-tion numbers from 2011 to now, everyone is putting in 200 percent.”

While builders have had to change with the times, so have homebuyers changed.

“New homebuyers are more educated than ever and are more aware of the options and upgrades available to them,” Hubble said. “They are doing their research online, and many make a decision before they even step foot into a community. New homeowners are no longer just focusing on the size of their home. They are also paying more attention to the special touches that make it their home. They are looking for floor plans conducive to their lifestyles and design options that allow them to express themselves.”

“Trends have definitely changed,” Barton said. “Our home designs are more focused on modern colors, contemporary architectural details, open designs, and natural light, in addi-tion to large kitchens, pantries, master bathrooms and closets. One of our strengths has been that we are always ready to respond quickly to changing market conditions.”

Idaho has always been important to both of these home-grown companies.

“As luck would have it, I was born in Idaho — therefore I started my business here,” Barton said. Starting as a framer, he began building homes in Ada County in 1992. Today, his com-pany is the largest homebuilder in the state and ranked No. 53 on Builder Magazine’s Builder 100 List, moving up 27 slots from the previous year. Only three other companies in that Top 100 made a larger leap.

“We are currently experiencing our most successful year since 2007.”

— Don Hubble, CEO of Hubble Homes

CBH Homes has also been voted as one of the Best Places to Work in Idaho for three of the past five years.

“We are proud that for every home we build, there are over 300 local jobs that play an essential part in the whole process,” Barton said.

In addition to growing market share locally, Barton also hopes to venture into other markets in the future.

Hubble Homes, meanwhile, is another homegrown build-ing company.

“As an Idaho native, it has always made sense for me to live and do business here,” said Hubble, who originally started the company as an engineering firm. In 1997, he acquired Cherry Lane Homes of Nampa, and a year later, Hubble

Homes was born. Since then, the company has built more than 5,000 homes throughout the Treasure Valley and Mountain Home.

Hubble sees great potential still to come.“Idaho has the lowest crime rate in the Western United

States, offers a relatively low cost of living and offers a diverse economy. These are all factors that make people want to live here, as well as the fact that Idaho is such a beautiful state with so many recreational options,” he said. “More and more people are moving here from out of state, and some of the largest hits on our website are from California, Colorado and Oregon. With so many people moving here, the demand for real estate is going to continue to rise.”

the russell corporationThe Russell Corporation is a Construction Manage-

ment / General Construction company established in 1976. Based in Boise, our project experience extends through seven diverse western states.

Experience and education best describe the em-ployees of The Russell Corporation. Members of our team hold construction, engineering, architecture and business degrees. This education combined with years of experience gives The Russell Corporation the ability and confidence to undertake a variety of projects from tilt-up concrete, structural steel, and masonry to engi-neered wood and heavy timber structures.

Our goal is to work as a team with the project Owner, Architect and Engineers to provide cost ef-fective, high quality projects. A good working team assures a successful project completed on time and within budget.

2013

#70


UHCompassPrivate 75 Ad.indd 1 10/1/13 11:30 AM

by dusty parnellLongtime Idaho construction company Russell

Corporation has added its mark to the Boise skyline over the years. The 9th and Idaho Building, KeyBank Tower and the Banner Bank Building come to mind. Two of those structures rank in the Top 10 of tallest buildings in town.

If buildings aren’t your thing, then maybe you took the plunge at Roaring Springs’ new six-story Cliffhanger this past summer.

But the real showpiece of this company’s 37-year histo-ry is the opening this month of The Village at Meridian.

Those who may not know the difference between the KeyBank Tower and the Banner Bank Building without looking upwards are sure going to notice this new para-digm of shopping centers.

With a Grand Opening scheduled for Oct. 18, this proj-ect is more like an outdoor lifestyle center than a shopping mall. It has already attracted lifestyle retailers that normally

wouldn’t have considered the Treasure Valley.The developer is CenterCal Properties, and in less than

a decade, that company has built a reputation for building retail properties that become a community destination with luxury architecture, landscaping, water features and more. And the construction company they chose was the Idaho-based Russell Corporation.

“CenterCal Properties recognized our reputation as a high-quality contractor,” Russell Corp President Neal H. Russell said. “We have stayed true to our core values of high-quality building and an honest, team approach. We have relied on our relationships with our long-term employees and have maintained loyal long-standing rela-tionships with our subcontractors and suppliers.”

Located on the northeast corner of Fairview Avenue and Eagle Road in Meridian, this project is almost like a mini-Disney World. The main area has two streets lined with tall two-story buildings curving to an open central plaza. In the middle of the plaza are dancing water foun-tains designed and installed by the company who did the Bellagio Fountain in Las Vegas and the World of Color at Disneyland. Surrounding the plaza are food courts and businesses. There will also be an ice rink and a Santa House in the wintertime.

Rising in front of you is a 75,000-square-foot upscale movie theater with 15 screens, including two giant 60 foot wide screens. Many of those theaters also feature adult balconies with food, beer and wine service. If that’s not enough, some of the theaters will have D-BOX Motion Technology to give you an added adventure to your movie experience.

Overall, the numbers associated with The Russell Corporation’s involvement are huge.

The main area of the project covers almost 49 acres with a total of 735,000 square feet of buildings. Almost 532,000 square feet of that is retail, with another 147,000 square feet of office space. And if you want to count them, there are almost 2,900 parking spaces.

The north phase of the project is pretty much done and features another 30 acres. That’s another 260,000 square feet of retail space and another 1,200 parking spac-es.

No wonder The Russell Corporation has jumped back into the Private 75 at the No. 70 spot. And don’t be sur-prised if they climb even higher next year.

the Village at Meridian is a russell Corporation showpiece

Longtime Idaho commercial construction company continues to make its mark

Photo by dusty ParnEllThe Village at Meridian is a gigantic project that is more of an outdoor lifestyle center than a shopping mall, complete with retailers, restaurants, office space and a state-of-the-art cinema. The Grand Opening was fast-tracked from 2014 to mid-October 2013. The Russell Corporation is the site contractor.

united heritage financial groupOver the past 100 years, United Heritage Insurance has

helped families and businesses plan for their financial future. Today from home offices in Meridian, United Heritage Finan-cial Group serves residents throughout the nation.

United Heritage Life Insurance Company, founded in 1934, provides a diverse portfolio of individual and group life insurance, individual and group annuities, and group disability insurance in 38 states and the District of Columbia.

Founded in Canyon County in 1908, United Heritage Property & Casualty insures autos, homes, farms and busi-nesses in Arizona, Idaho, Oregon, and Utah.

Sublimity Insurance Company of Sublimity, Oregon, founded 1896, offers auto, home, farm and other personal

lines insurance in Idaho, Oregon, and Utah.Merced Property & Casualty Company, founded 1906,

specializes in homeowner and dwelling fire insurance serving the Central Valley of California.

Today, these companies formed prior to and during the Great Depression have weathered economic turbulences well to meet the challenges of planning for a new financial future.

2013

#33


Originally, the main phase of the Village at Meridian was not expected to open for another year or so. (Big Al’s, Chick-Fil-A and many others in the north phase are already open.) But the project has been fast-tracked, and even a walk-through a month out made one wonder how it would be accomplished even with a steady seven-day-a-week dedication of several hundred workers. Both the project and the timeline are impressive.

Of course, not quite everything will be open yet, but you will see retailers and restaurants springing to life over the next couple months. Businesses are anxious to have their doors open for the Christmas season. The Village could easily create up to 2,000 jobs in 2013 alone.

The Russell Corporation was established in 1976 and operates in seven Western states from Washington to Arizona. The company is based in Boise and has a résumé of cost-effective, high-quality projects. It also boasts a long line of repeat clients.

“We are proud of our contributions to the Treasure Valley, from the original 8th Street Marketplace in Boise in 1979 to millions of square feet constructed in West Boise and Meridian for Winston Moore,” Russell said. “We changed the skyline of downtown Boise, and we have worked for many local businesses — Edmark Chevrolet, Lyle Pearson, Fast Eddy’s and Wahooz to name a few. The Village at Meridian is a groundbreaking project like none other in our state, and we are proud to bring this incredible upscale experience to Idaho.”

Russell, an Idaho native, is optimistic about the future.“We believe the growth in Idaho is just beginning,” he said. “The City of

Meridian is a perfect example of Idaho’s dynamic, fast-growing areas where people are looking for diverse business opportunities in which to work and support that will complement the high quality of life we enjoy here. Idaho has enjoyed a growing population of educated, sophisticated hard-working clients who are looking to develop land and bring business and entertainment opportunities to the state.”

Photo by dusty ParnEllThe new movie theater features 15 screens, including two giant 60 foot wide screens. Many of those theaters also feature adult balconies with food, beer and wine service.


We’re proud to be Idaho’s largest private health insurance company.

From a wide selection of doctors and hospitals, to excellent value in a range of plans, to leadership in initiatives to

improve the health of Idahoans.

We’re Idaho’s largest private health insurance company.

(So don’t keep it under your hat!)

b c i d a h o . c o mBlue Cross of Idaho is an independent licensee of the Blue Cross and Blue Shield Association

N081110 x 4.805 (4C 1/2 Pg)

Idaho Statesman10/01/13

SawyerMiller

703613-01

of many of the companies on the list really shows that when you’re in it for the long haul, you can really grow something special in Idaho.”

The four sponsors of this list are all indicative of the tradition and hard work that answers the question of “Why Idaho?”

KeyBank’s roots in Idaho date back to 1904, and this is a company that understands how communities thrive — through local decision-making.

“While our leadership and bankers are local, we’re able to deliver the products and services of a Top 20 national bank,” Donovan said.

Holland & Hart is one of the premier corporate and litigation firms in Idaho. The law firm has more than 440 lawyers in 15 offices across the Mountain West and in Washington, D.C.

“We have served businesses in Idaho for more than 80 years,” Hansen said. “We are happy to be growing with Idaho as we move into the new Zions Bank building early next year.”

KPMG is another regular sponsor and the compa-ny that works the numbers. It is a professional services firm that provides audit, tax and advisory services to public and private companies across many industries. Including Boise, KPMG US has offices in 90 cities across the country. The company is also in about 150 other countries. They know their numbers. KPMG orig-inated as an accounting firm in London in 1870.

The other sponsor is, of course, the Idaho Statesman, which will have 150 candles on its birthday cake next year.

“One of the reasons why we’ve been in business for almost 150 years is because we make a difference,” Jung said. “We’re successful because of the talent in the organization, the community’s contributions and feedback, and our commitment to quality journalism.”

The companies on this list work hard and deserve to have their accomplishments in the spotlight.

“Too often we only hear of the success of the pub-lic companies,” Hale said. “Idaho has many vibrant pri-vately held companies who not only are thriving, but are key to providing quality jobs for the workforce, strengthening the community in which we work and ensuring the health of the state for the next genera-tion. We believe the Idaho Private 75 is a great way to give them the recognition so well deserved.”

“Successful private companies are the engine that drives the Idaho economy,” Hansen said. “People who have taken risks and worked hard to prosper need to be recognized. Their success will inspire others.

“The Private 75 list is about success: the individual success of a business and the success of Idaho,” Donovan said. “By no means are we fully recovered from the economic crisis. We need to keep our attention on the issues surrounding our economy to ensure we continue to recover. Part of that atten-tion is to celebrate and promote those companies that are doing well and are contributing to our econo-my. The Private 75 list is a great way to do that.”

this yEar’s list“There are a number of factors driving success

today. Part of it is tradition and deep community roots. Those companies that have worked to build a strong customer base in Idaho, and then have met

blue cross of idahoAs the oldest and largest health insurance company in the

state, Blue Cross of Idaho is committed to a healthier Idaho. Since our origins more than 68 years ago, we have provided our members the best value in health insurance and the tools for maintaining and improving their health. As the health insur-ance and healthcare industry continues to evolve, we remain focused on this mission.

Our long history is rooted in the heart of the great state of Idaho, beginning in 1945 with a meeting between representa-tives from local hospitals, a Boise physician, and two business executives. Today, Blue Cross of Idaho Health Service, Inc. is a tax-paying, not-for-profit mutual insurance company with more than 700,000 members enrolled in our medical and den-tal insurance programs.

We measure our success by how much money we save our members -- it’s our primary role in the healthcare equation. We also understand that a successful health plan not only helps to minimize direct healthcare costs, but provides mem-bers with the tools and resources to effectively manage and improve their health.

By improving health outcomes and reducing costs, we fulfill our commitment to providing the best value in health insurance. 2013

#4

sPonsors continued from P.4


build with bmcService the proS can count on

Lumber and buiLding materiaLS. doorS and miLLwork. truSSeS and waLL paneLS. conStruction ServiceS.

helping professional builders get results. www.buildwithbmc.com

those customers on their terms, are having success today,” Donovan said.

“Another factor is looking at how we can do things differently in terms of growth and accessing capital,” he said. “As a banker, we often see compa-nies looking to grow will start the conversation with a discussion around credit. Yet, we often turn the conversation to how can your bank help you lever-age many different tools beyond credit – better cash management, treasury services – to get to the same goal. Make no mistake, banks are in the business of making loans, but if you only think of your bank in that way, you’re missing out on building a deeper relationship that will really help your business thrive.”

Attracting new businesses and retaining today’s workforce are also seen as keys to Idaho’s future.

“According to the Idaho Secretary of State, new business filings rose 1.8 percent in 2012, the first sig-nificant increase since 2006 and another indication of the slowly improving recovery,” Donovan said. “As we visit with our clients, this seems to be the case across most industries. Businesses are slowly and strategically looking to expand as the economy grows.

“As Idaho’s economic staples — like tourism and recreation, agriculture, technology, etc. — continue to feed the economy, there are new industries that will help build tomorrow’s infrastructure,” he said. “Areas such as renewable energy will generate job growth and build the economy by attracting new business and bolstering established Idaho business-es.”

Donovan points to programs like the Idaho

Department of Commerce’s Idaho Global Entrepreneurial Mission (IGEM) as a proactive approach to these avenues. IGEM is a $5 million funding package that focuses on bringing university research and industry together.

“Clearly, Idaho has numerous positive factors in attracting new businesses to locate here and for existing businesses to remain in our state,” Jung said. “I think the area with the biggest opportunity is tal-ent, and that begins with education. Idaho is blessed with tremendous educators and we must support them with the necessary investment to produce great students and great leaders.”

He, too, sees a clear path forward.“The potential for future business growth

in Idaho is strong if we support our state with infra-structure, low tax rates, workforce development and an educational system that produces top talent,” Jung said. “I’m not sure if we should be focusing on specific businesses for future growth but rather a model that attracts any new business. This year’s Idaho Private 75 is a good example of the broad cross section of businesses in Idaho.”

bmc building materials and construction servicesBMC’s mission, for the last 25 years, is to deliver service

customers can count on: what they need, when they need it, just how they want it.

BMC strives to become the industry benchmark for service and operational excellence, and they are well on their way. Their nearly 5,200 team members are focused on delivering superior service and building on the company’s financial and operational strength. With service as their brand, BMC con-stantly explores innovative ways to stay ahead of the curve and be a good partner to their customers. BMC’s accomplish-ments haven’t gone unnoticed. They were named HCN 2012 Pro Dealer of the Year.

Headquartered in Boise, Idaho, BMC is in 8 of the top 25 housing markets, with 88 business units in 10 states. The Company focuses on:

• Lumber and buiLding materiaLsBMC provides a single source for all framing and building materials.

• trusses, WaLL PaneLs and ComPonentsBMC manufactures floor and roof trusses, and wall panels.

• doors and miLLWorkBMC is a national leader in producing unique custom doors, millwork and moulding.

• ConstruCtion serviCesBMC offers single source quality installation services and high-performance products.

CorPorate HeadQuarters720 Park Blvd., Suite. 200Boise, Idaho 83712208-331-4300

eXeCutive LeadersHiPPeter Alexander, Chief Executive OfficerPaul Street, Chief Administrative Officer and General CounselMichael Kestner, Interim Chief Financial OfficerMal ini Balakrishnan, Chief Information Officer

and Vice President, Process OptimizationMic hael Badgley, Executive Vice President

of Company-Wide Operations Jim Frank, Vice President of Purchasing Keith Costello, Vice President of Sales and MarketingStephanie Erickson, Vice President of Human Resources

2013

#8


©2013 KeyCorp. KeyBank is Member FDIC. Key.com is a federally registered service mark of KeyCorp. CS10887-30725

John Williamson, Commercial Banking Team at 208-364-

By a common goal.

We find strength in our diversity. In every way, our team reflects the rich cultureof the people and communities we serve. Because together, we are Key.

KeyBank proudly supports the Idaho Private 75 for recognizing the privately ownedbusinesses that contribute so much to the vitality and stability of our communities.

drawn together

Documents

1027 Idaho Private 75 32p