FedEx boom hits Lewiston | Company
Construction crews completed the steel skeleton of a 13,706 square foot extension to the Lewiston FedEx Ground parcel center, which is being built to help meet growing demand.
The space is being added to the 37,566 square foot center located at 1121 Wall Street, near the Nez Perce County Jail. The new part of the building will have 20 interior spaces for trucks, according to plans submitted to the Town of Lewiston with the building permit application.
Outside, approximately 25 new parking spaces for employees are added, as well as 40 parking spaces large enough for trucks. The estimated value of the project is $ 2.69 million, according to the building permit.
The Port of Lewiston sold more than 4 acres adjacent to the current FedEx Ground site to Westmoreland Co. in Huntsville, Ala., For $ 811,314 in a deal reached in late June. The Alabama company has described itself as a preferred supplier to FedEx Ground and will lease the facility to FedEx.
The need for parcel delivery service from a larger facility in Lewiston is part of a global trend for Fed-Ex. The company ended its most recent fiscal year with a net profit of $ 5.23 billion, up from $ 1.29 billion the previous year, according to a press release from FedEx on its financial performance.
“We continue to play an important role in the global economic recovery and the delivery of COVID-19 vaccines and relief supplies to the United States, Canada and more than 35 other countries,” said the chief executive officer of FedEx Corp. Frederick W. Smith in the News. press release for the fiscal year ended May 31.
Ball Demand Boosts Vista Outdoor Profits
Ammo propels a winning quarterback streak at Vista Outdoor.
The company earned $ 103 million in the first quarter of fiscal 2022, which ended June 27, according to a recent press release from Vista Outdoor on earnings.
This was the fourth consecutive quarter that Vista posted earnings, and the company described its last year of financial performance as a record high in the press release.
Sales in the shooting sports segment, which includes ammunition, were $ 463 million for the most recent quarter, up 39% from the same period last year.
Vista’s munitions operations include CCI / Speer, one of Lewiston’s largest employers.
Outdoor products, including Camp Chef, Camelbak and Bell helmets, saw a similar increase in sales, which totaled $ 200 million for the first quarter of fiscal 2022. That’s a jump of 38% compared to the same period last year.
Demand for ammunition is not slowing, according to May data from a research firm specializing in hunting, shooting and outdoor recreation, Vista CEO Chris Metz said on a conference call for stock analysts after the results are released.
âThe research found that two-thirds of ammunition consumers said the current inventory is less than preferred and that over 80% would like to add more,â Metz said.
To help fill orders, Vista has become more efficient, he said.
âWe’ve found smarter ways to run longer to produce the calibers that people are looking for,â he said. “And we do that by really not adding people, not adding machines … (which has helped us leverage all of our operations.”
Internet expected to get faster and more reliable in parts of Clarkston Heights
Telecommunications lines serving 286 homes in the Clarkston Heights are being upgraded with a $ 1.15 million grant won by the Port of Clarkston.
The project, which affects homes near Ben Johnson Road and Marilyn Way, is expected to be completed no later than May 2023, Clarkston Port Manager Wanda Keefer said.
The port is providing $ 300,000 in addition to the $ 1.15 million American Rescue Plan Act allocated by the Washington State Economic Community Revitalization Council, Keefer said.
The lines will be part of the port’s fiber-optic telecommunications network that reaches places like Asotin and Tri-State Memorial Hospital in Clarkston.
It connects with similar networks built by the ports of Lewiston and Whitman County.
Ports lease network space at a fixed rate from companies that provide the Internet, cell phones and other telecommunications products. The approach is designed to create a level playing field for telecommunications companies of all sizes to encourage competition and keep prices affordable for consumers.
Towne Square in Lewiston has a new tenant
A mortgage provider has moved to the corner of Fifth and Main streets in Lewiston’s Towne Square.
On Q Financial moved from another downtown location because it needed space for more staff, said Liz Owens, branch manager and loan officer.
Owens recently hired Lisa Callahan, Loan Officer, and Brenda Hall, Transaction Coordinator. They joined office manager Tracy Renfrow, mortgage consultant Beth Boehmke and Owens.
The company, located at 504 Main Street, Suite 220, offers a variety of services, such as traditional mortgages, home improvement loans, home purchase and renovation financing, and loans through a certain number of federal programs for ineligible individuals. for traditional mortgages.
Lewiston On Q Financial’s office is part of a Tempe, Arizona-based company that has offices across the country.
On Q Financial debuted in Lewiston about two years ago and has grown rapidly, in part because its staff handle loan applications for its clients as much as possible, Owens said.
âWe can tailor the loan to the borrower and their needs,â she said.
Lewiston office hours are 9:30 a.m. to 5:30 p.m. Monday through Friday.
Potentially free commercial space offered to eligible businesses
PULLMAN – A nonprofit Pullman theater group is accepting applications to provide businesses with up to a year of free rent.
The space is located in a 1,700 square foot single story building located at 130 N. Grand Ave. in downtown Pullman, which the Palouse Regional Theater acquired last year, said Michael Todd, associate director of the group.
It has four private 100 square foot offices, a reception area and a conference room in a former office of the title company.
Massage therapists, electricians, and small retailers, including those that sell products online, are examples of the types of tenants that might be suitable, Todd said.
The grants that businesses can receive can vary, but the maximum a business would pay would be $ 125 per month.
The goal is for businesses to be self-sufficient after a year, Todd said.
As a rule, the income from the building supports the activities of the Regional Theater of Palouse, which has its performance hall in another building.
The money for the grants is provided through a federal program and is intended to help businesses that have experienced setbacks during the COVID-19 pandemic.
Millions of dollars spent on Idaho travel market
Three nonprofits in north-central Idaho will share a $ 7 million tourism marketing grant under the Idaho Regional Travel and Convention Grant program.
The grants were awarded at a meeting of the Idaho Travel Council. Eligible recipients will use their grants to promote cities, towns and regions of the state as travel destinations. The elements of the program are varied, but often include print and digital advertising, videography, brochures, participation in travel shows, public relations, industry research and website creation.
Local rewards include: Visit Lewis Clark Valley for $ 143,000; North Central Idaho Travel Association for $ 70,000 and Moscow Chamber of Commerce for $ 121,767.32.
Tom Kealey, director of Idaho Commerce, said the Idaho travel and tourism industry âhas been a major contributor to Idaho’s economy. And it’s amazing that we have had a banner year during a global pandemic. “
Tourism is the state’s third largest industry and “has a significant positive impact on communities and businesses in Idaho.” Our Commerce Department and the Idaho Travel Council are focused on marketing tourism, and our grants program extends awareness and influences travel to incredible destinations in our state, âKealey said.
CCI Ammunition gun team member shines in Texas
A CCI Munitions team shooter recently won five divisions in a gun competition.
According to a press release from Vista Outdoor, the parent company of CCI, Grant Kunkel’s best results came at the 2021 CCI Area 4 Steel Challenge Championship in Navasota, Texas, where 301 shooters competed.
â(Kunkel) continues to show what talent, hard work and great equipment can produce,â said Jason Spralding, director of shooting sports promotions at CCI, in the press release.
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