POST FALLS CHAMBER: Developments that matter: Updates from the business community
Christina Petit
The holiday season is here, and with it comes the magic of togetherness, giving, and reflection. While we celebrate our community's achievements, we’re also keeping an eye on national developments that impact local businesses. Here’s a quick look at what’s happening:
Federal ownership reporting put on hold
Big news for small businesses: A federal court in Texas recently halted the Corporate Transparency Act’s (CTA) beneficial ownership reporting requirements, calling the act likely unconstitutional. Originally set to take effect in 2025, these requirements would have required certain businesses to file detailed ownership reports — or face penalties.
For now, the court’s preliminary injunction means no one has to comply while legal challenges play out. But don’t get too comfortable just yet — an appeal could change things.
Why it matters: This decision offers small businesses, including many here in North Idaho, a temporary break from what would have been a significant administrative burden. It’s a good reminder to stay updated on policies that could affect your operations.
Overtime rule blocked
Another major legal update: A proposed overtime rule from the Department of Labor has been blocked. This rule aimed to expand eligibility for overtime pay but faced opposition from employers. For now, businesses can stick with the current rules for employee classifications and compensation.
Post Falls Chamber Highlights: Community at its best
Closer to home, our Post Falls Chamber of Commerce has been brimming with holiday spirit and community achievements.
Pajama Drive Success: The River City Leadership Academy collected a mountain of pajamas, personal care items, and cash donations for the Post Falls Police Department’s Victim Services Unit. This generosity will bring comfort to local children facing tough times.
Post Fallidays Tiny Tree Festival: This record-breaking event brought to you by Heritage Health was full of festive cheer and incredible support from our community.
Looking ahead: We’re gearing up for more exciting events and my most favorite is coming up. The Community Recognition Reception brought to you by Numerica Credit Union will be held at the Best Western Plus Coeur d’Alene Inn on Feb. 26 from 3:30-5:30 p.m. It is truly the highlight of the year. This event honors individuals and organizations making a difference in North Idaho. Nominations are open — let’s shine a spotlight on those who inspire us! Awards include: Citizen of the Year, Small Business of the Year, Business of the Year, Volunteer of the Year, Sprit of Post Falls Award and the Heritage Award.
As we toast the season and plan for the new year, let’s not lose sight of the broader picture. National rulings like the CTA block and overtime rule changes remind us how quickly the business landscape can shift. Staying informed and engaged is key to navigating these challenges.
Here’s to a strong, prosperous 2025 for our North Idaho businesses. Thank you for being part of what makes our community so special!
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Christina Petit is the president/CEO for the Post Falls Chamber of Commerce.
The Post Falls Chamber of Commerce Ambassadors welcomed Paws & Brews, located at 4565 E. Seltice Way, Post Falls. It is an expansive dog park and boarding facility where dogs play while owners enjoy beer and wine.
