Sorren’s Annual Economic Summit brought together business leaders, professionals, and community partners for a timely conversation on Idaho’s economic outlook and the role of leadership in navigating change. This year’s event combined expert economic analysis with practical leadership guidance, equipping attendees with insights they can apply immediately.
Idaho’s Economic Outlook: Insights from Steve Scranton, Washington Trust Bank
The economic forecast portion of the Summit was led by Steve Scranton, Chief Economist at Washington Trust Bank, who provided a data-driven overview of Idaho’s current economic conditions and what lies ahead.
Steve walked attendees through key indicators shaping the state’s outlook, including employment trends, inflationary pressures, interest rates, and broader national economic influences. He provided context on how Idaho’s economy compares to national trends and highlighted factors that may create both opportunities and uncertainties for businesses in the coming year.
Key themes from the discussion included:
- Labor market dynamics and workforce availability in Idaho
- The impact of interest rates and inflation on business planning
- Regional growth drivers and sector-specific considerations
- What economic signals business leaders should be watching closely
By translating complex economic data into practical takeaways, Steve helped attendees better understand how macroeconomic forces may affect decision-making around hiring, expansion, investment, and cash flow
Leadership Lessons from Heath Alloway
A highlight of the Summit was a leadership session led by Heath Alloway, Growth Partner at Sorren. His presentation focused on how leaders can move beyond reactive decision-making and lead with greater intention, especially during periods of economic uncertainty.
Heath shared perspectives on:
- Clarifying vision and priorities in dynamic environments
- Aligning teams around shared goals
- Building cultures rooted in trust and accountability
- Leading with purpose rather than reacting to external pressures
These themes will be explored further in Heath’s upcoming leadership webinar series, where he’ll expand on the insights and frameworks introduced at the Summit. Be on the lookout for upcoming dates.
Why the Summit Matters
The combination of economic insight and leadership perspective made this year’s Summit especially impactful. Attendees gained not only a clearer understanding of Idaho’s economic landscape but also practical guidance on how to respond thoughtfully and strategically.
Events like Sorren’s Annual Economic Summit matter because they:
- Turn complex economic data into actionable insight
- Create space for local business leaders to learn and connect
- Reinforce the importance of proactive leadership during change
Looking Ahead
As Idaho’s economy continues to evolve, staying informed—and leading with clarity—will be essential. Sorren remains committed to providing forums, insights, and advisory support that help businesses and leaders move forward with confidence.
We look forward to continuing these conversations and sharing more insights in the months ahead.
