Biz Bits: City razes Emperor of India building and opens land | Company

A paved lot replaced the fire-damaged buildings that housed the Emperor of India King Thai restaurant in downtown Lewiston.

The lot is part of a $143,156 project that was completed after Lewiston City Council declared the buildings at 858 and 854 Main St. a nuisance following a fire in 2019, according to reports. emails from Lewiston Mayor Dan Johnson and Chief Financial Officer and Treasurer Aimee Gordon.

The city entered into an agreement with Crea Construction to carry out the work, which involved the dismantling of buildings as well as the towing, storage and return of vehicles that were on the site, Johnson said.

The city sent the invoice to the owner, Top Restaurant Investment LLC, to the attention of Praveen Khurana, who is listed as a director of that company in documents filed with the office of the Idaho Secretary of State.

As of Wednesday, he had not been paid and will be considered overdue if not paid by July 1, Gordon said.

“The owner will receive another request for payment after July 1, which will indicate that a deadline for payment will be accepted before certifying to the Nez Percé County tax collector that it will be taxed and collected from the same way property taxes,” Gordon said.

How the property will be used in the future is unclear. It is located in the central commercial area of ​​Lewiston which has 16 outright uses such as shops, hotels, financial institutions, restaurants, professional offices, wineries and breweries.

High competition for employees in the region

One to two jobs are available for every person seeking work in North Central Idaho in one of the tightest job markets the region has ever faced.

“This is unprecedented,” said Lisa Grigg, an economist with the Idaho Department of Labor who covers north-central Idaho.

The unemployment rate in the region is between 2 and 2.5%, she said.

Wages are rising and vacancies are often filled by an employer recruiting a worker from outside another employer, Grigg said.

As a general rule, anyone who has the ability and desire to work can find a job, unless they lack transportation, child care or, in the case of people moving from outside the area, affordable housing, she said.

“There are no people sitting at home waiting for their phone to ring,” she said.

Region employer pays millions to top executives

Vista Outdoor executives continue to bring in millions.

The aggregate compensation for company CEO Chris Metz was $12.5 million in fiscal year 2022.

The largest portion was an $8.53 million stock award, according to Vista Outdoor’s proxy statement filed this month with the federal Securities and Exchange Commission.

Metz also received compensation of $2.64 million and a salary of $1.2 million.

What Metz achieved in fiscal year 2022 is down from fiscal year 2021, when his total compensation was valued at $14 million.

Vista Outdoor earned $437 million in fiscal year 2022 which ended March 31 and $266 million in the prior fiscal year which ended on the same date in 2021.

The company is the parent company of 49 brands, including Lewiston’s CCI/Speer ammunition manufacturing operations.

The company’s ammunition president, Jason Vanderbrink, had aggregate compensation of $2.55 million in fiscal year 2022, compared to $3.51 million in fiscal year 2021.

Valley Vision looking for a new executive

Valley Vision’s new president and CEO’s salary will be between $90,000 and $125,000 per year, plus benefits.

The position with the public-private economic development group began to be advertised last week because Scott Corbitt is leaving Valley Vision to become general manager of the Port of Lewiston.

The responsibilities of the President and CEO of Valley Vision include developing relationships with companies that may establish operations in the area and helping area businesses retain and grow jobs, depending on the offer. employment.

The organization is looking for someone with a college degree or equivalent experience and at least three years of experience in a similar position.

A new labor economist has experience in the private sector

The career of a North Central Idaho winery co-owner takes a new direction.

Lisa Grigg, who owns Jovinea Cellars with her husband, Michael Grigg, became an economist with the Idaho Department of Labor earlier this year, covering north-central Idaho.

The job at the Idaho Department of Labor was previously held by Kathryn Tacke, who died a year ago after more than a decade in the role.

Grigg continues to be the joint winemaker with her husband at Jovinea, but now oversees the tasting room duties she previously handled.

The tasting room at 301 Main St., Suite 106, in Morgans’ Alley is now open from 11 a.m. to 6 p.m. Friday and Saturday instead of being open four days a week.

Grigg brings a variety of experience to his new job.

She holds a bachelor’s degree in finance and economics. She spent 10 years as an investment officer in Washington state helping figure out how to invest $80 billion in the retirement fund that covers state public employees as well as other state assets. the state as well as university endowment funds.

Each fund had different rules, goals and deadlines, she said.

She and her husband also owned a property management company for four years before opening the winery.

A gift shop in downtown Lewiston is on the market

Idaho Memories Gift & Souvenir Shop in downtown Lewiston’s Newberry Square is on the market for $89,500.

The store features gourmet blueberry foods and t-shirts featuring Idaho logos, as well as jewelry, leather goods, and other items made by regional artisans.

“I’m retiring, so I’m looking for the perfect person who wants to run this nice little profitable store,” said Vikky Ross, who owns the business with her husband, John Ross.

The business will run until it finds a buyer. She is willing to help a new owner as a consultant for a while.

The store has thrived for a number of reasons, Ross said.

She and her employees learned about Idaho’s history so they could answer questions locals and tourists alike have about Polly Bemis, Hells Canyon, and Chief Timothy.

The store is convenient for people who go to parties. They can buy a gift and a card, then wrap them in free gift bags within minutes, Ross said.

The opening of Idaho Memories Gifts & Souvenirs is one of the many contributions Ross and his twin sister, Nikky Hites, have made to downtown Lewiston.

They owned Morgans’ Alley until last month when they sold it to Branden Beier. They also own Newberry Square, a property they have renovated and have no intention of selling.

Elisha A. Tilghman