College of Business and Economics News and Events
JoAnn Wood, an adjunct instructor for the Department of Accountancy, was quoted in an article in the Idaho Business Review. The article is about the importance of keeping personal and business finances separate. Twenty-seven percent of small businesses use one checking account.
“If you have separate accounts, any tax accountant can go back through and easily separate out revenue and expenses from a bank statement,” said Wood. “If you go to a tax accountant and they start asking questions, you have start digging through every transaction you’ve made if they’re in the same account.”
Read the article “Accountants: Maintain work/life balance in your bank accounts” (subscription required).
Al Youngwerth, president and founder of Versabuilt and Rekluse, is featured in a NIST Manufacturing Extension Partnership video, “Heroes of American Manufacturing.” In the video Youngwerth talks about the great assistance he received from TechHelp.
“Someone may have a great idea, but they don’t have the resources or the funds to take the idea into something that can be proven. TechHelp is a tremendous bridge for that,” said Youngwerth.
TechHelp works in partnership with Idaho Universities and is house in the College of Business and Economics at Boise State. TechHelp is a catalyst for strengthening Idaho manufacturing to be an efficient and powerful engine of innovation driving economic growth and job creation.
Top national and Idaho speakers discuss current tax issues, law changes and policy issues professionals are facing.
For CPAs, attorneys and other tax professionals.
7 a.m. – 5 p.m.
Friday, June 2, 2017
Micron Business and Economics Building – Skaggs Hall of Learning, 1106, 1107, 1110
Jack Marr, clinical associate professor of international business, recently published an article in RealClear World on the challenges of doing business in China. Read “The Pitfalls of Being an American Businessperson in China” here.
Economics student, Rachel Gallina has been selected as a Truman Scholar. The Harry S. Truman Scholarship is one of the most prestigious college scholarships in the United States. The Truman Foundation reviewed 768 files from 315 institutions and named 62 exceptional college students from 54 U.S. colleges and universities as 2017 Truman Scholars. Students were selected based on their records of leadership, public service and academic achievement.
“I am so pleased that Rachel Gallina, one of our outstanding economics students in the College of Business and Economics, has been selected as a Truman Scholar,” said COBE Dean Ken Petersen. “The Truman scholarship is one of the most competitive scholarships in the nation and is a testament to Rachel’s hard work, along with the dedication of our very student-focused faculty at Boise State University.”
Each new Truman Scholar receives up to $30,000 for graduate study. Scholars also receive priority admission and supplemental financial aid at some premier graduate institutions, leadership training, career and graduate school counseling, and special internship opportunities within the federal government.
Gallina plans to earn a PhD in socio-legal studies to further explore the way in which societal norms, local and international governing bodies, and the law itself interact, specifically in the politically unstable MENA region.
“I’m humbled, honored and excited to represent the dedication and efforts of so many Boise State University faculty and staff who have helped me in this competition. … I am grateful to the whole Department of Economics for taking me in and creating a wonderful space for me to learn and grow,” Gallina told Professor Zeynep Hansen, chair of the Department of Economics in an email.
Truman Scholars must be committed to careers in government or the nonprofit sector. Hansen, who worked with Gallina as her internship coordinator and saw Rachel’s dedication.
“Rachel is passionate about empowering Arab women in refugee camps and violent environments,” explains Hansen. “She did an internship at Women for Women in Kosovo where she worked directly with women, offering support and tools to move from crisis and poverty to stability and economic self-sufficiency. It has been rewarding to have a student so focused and altruistic. I know she will make a difference in the world.”
The 2017 Truman Scholars will assemble May 23rd for a leadership development program at William Jewell College in Liberty, Missouri, and they will receive their awards in a special ceremony at the Harry S. Truman Presidential Library and Museum in Independence, Missouri, on May 28, 2017.
The Truman Foundation was created by Congress in 1975 as the living memorial to President Truman and the Presidential Memorial to Public Service. The Foundation’s mission is premised on the belief that a better future relies on attracting to public service the commitment and sound judgment of bright, outstanding Americans. In fact, it was this belief that led President Truman, when approached by a bipartisan group of admirers near the end of his life, to encourage Congress to create a living memorial devoted to this purpose rather than a bricks and mortar monument. For forty years, the Truman Foundation has fulfilled that mission: inspiring and supporting Americans from diverse backgrounds and from across the United States to public service.
In recognition of Small Business Week May 1-5, and the cyber security risks small businesses face, the Idaho Small Business Development Center (SBDC) is launching new cyber security tools for small businesses.
Visit IdahoSBDC.org/cyber to learn about preventative measures businesses can take to protect from a cyber attack, as well as how to respond if an attack does occur.
According to Symantec’s 2016 Internet Security Threat Report, 43 percent of all cyber attacks target small businesses, up from 18 percent in 2011. The Idaho SBDC recognizes that the first crucial, and often difficult, step is to shed light on these statistics for small business owners who wear many hats each day.
“We keep going back to the statistic that 60 percent of small businesses are unable to survive six months after a cyber attack,” said Katie Sewell, SBDC state director. “We want our businesses to be as prepared as possible.”
The SBDC site will feature regular updates to improve cybersecurity. It also will feature related legislation and other pertinent tips and news that could affect small business owners, as well as an Idaho SBDC-produced cyber security awareness video designed to emphasize the direct threat that cyber attacks have on the small business community.
“In our experience, small business owners are busy running their day-to-day operations and only focus on cybersecurity after an attack,” said Laura Mathews, SBDC project manager. “Our tools are designed to first raise awareness and then simplify the seemingly daunting task of being cyber secure.”
The Idaho SBDC is a statewide network offering no-cost, confidential consulting and affordable training programs to help small businesses and entrepreneurs. The organization has played a pivotal role in empowering business success since its founding in 1986. In addition to assistance in areas critical to the daily success of Idaho’s small businesses such as business planning, workforce development, access to capital, marketing, leadership and cybersecurity, the Idaho SBDC offers a host of specialty services including exporting, government contracting and technology commercialization.
The Idaho SBDC’s state and southwest Idaho region offices are house in the College of Business and Economics at Boise State University.
To learn more about the Idaho SBDC, visit IdahoSBDC.org.
Sue Jordan Lovelace and Tammy Ota — granddaughters of Len B. and Grace Jordan — joined the Department of Economics in celebration of most recent Jordan Scholarship recipients: Makenzie Peake, Lauren Butler, Holly Bossart, and their families.
The Len B. and Grace Jordan Economics Endowment was established in 1978 in memory of the late Len B. Jordan and his wife Grace Jordan. Len served the state of Idaho first as a member of the Idaho House of Representatives from 1947 to 1949, then as Governor from 1951 to 1955. He served as chairman of the United States Section of the International Joint Commission from 1955 to 1957 and as a member of the International development Advisory Board from 1958 to 1959. In 1962 Len was asked to fill a vacancy in the United States Senate, he was then elected to the Senate in November of that same year and re-elected in 1966 serving until 1973 when he retired.