Another One Bites the Dust
Last week the Powerhouse Event Center announced their closure after ten years in business. A couple weeks before that a venue in McCall closed and another McCall venue announced foreclosure proceedings. The Powerhouse is the latest in a series of local businesses to fall victim to the economy. In addition to the economy, the owners cited increased competition from several sources as a primary reason for the closure, though all the sources mentioned, except one, were in business before the Powerhouse and continue to thrive. Historically, economic downturns refine the market, allowing stronger businesses to survive and weeding out the weaker ones. In the last several months we have seen florists, caterers, photographers and other event-related businesses close their doors. Some were financially over-extended; others failed to understand the importance of customer service in a down economy (and any economy for that matter). Others were still trying to find their niche in the ma...