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Latest News

Economic data tells more of story than credit downgrade

Probability of recession may be as strong as chance of soft landing
August 17, 2023
Tim Mitrovich
While we've been expecting an uptick in volatility in the back half of the year, we didn't expect the spark to be a lowering of the U.S. credit rating as occurred earlier this month, when Fitch Ratings lowered it from AAA to AA+.
Read More

Loans can be simpler financing option than equity investment

With stock offerings, even small businesses must register with SEC
August 17, 2023
Beau Ruff
Securing a source of capital for a new or existing business can be a challenge. Consider a common scenario: Diana has a promising idea for a new business and possesses the necessary experience and expertise to make it successful. She starts a business
Read More
Karina Elias

JPMorgan Chase plans to grow in Spokane, Jamie Dimon says

CEO makes first visit to Lilac City in one leg of West Coast tour
August 17, 2023
Karina Elias
As Spokane grows, JPMorgan Chase & Co., plans to grow with it, according to Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., and one of the leading voices for the financial industry. Dimon arrived in downtown Spokane last month to kick off his
Read More

Reluctant investors could be at risk of long-term regret

Savings diversification, time measured in years said to improve outcome
August 17, 2023
Michael Maehl
The market has rallied over 25% since last October. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite have been trading around new 52-week highs. In theory, this means we've entered a new bull market. However, many people simply don't
Read More
Erica Bullock

Post Falls manufacturer develops smokeless fire pit

Product line to boost sales during seasonal slowdowns
August 17, 2023
Erica Bullock
Stove manufacturer 509 Fabrication Inc., which does business as Flame Innovation, plans to overcome a slow summertime sales season with a new product line, says company founder Dusty Henderson. 'We've recently filed a patent on a smokeless fire pit
Read More

Minimize operating cycle, free up cash for growth

Strategy should include maximizing efficiency
August 17, 2023
Joseph Lanham
Imagine this: Your business is thriving in Spokane. Demand is growing. Orders are pouring in, you're spending aggressively to fill them. Sounds great, right? Then why do so many Spokane businesses in this position suddenly find that, though they look
Read More

RiskLens acquired by California company

Spokane business's CEO, co-founder to remain in leadership positions
August 17, 2023
Dylan Harris
Spokane-based cybersecurity and risk management company RiskLens has been acquired by Palo Alto, California-based Safe Security for an undisclosed amount, according to a press release. Representatives from RiskLens or Safe Security couldn't be
Read More

Permits filed for Vineyard Park assisted-living facility

The 123-unit complex is valued at $21.7M
August 17, 2023
Erica Bullock
Newport Spokane LLC, a San Pedro, California-based real estate development company, has applied for a commercial building permit for the construction of Vineyard Park, a $21.7 million, 123-unit assisted-living facility, permits on file with the city of
Read More
Jeff Wiberg

Family Resource Home Care acquires Woodinville agency

In-home care company acquires Woodinville, WA-based business
August 17, 2023
Dylan Harris
Liberty Lake-based Family Resource Home Care has acquired Companion Care Inc., of Woodinville, Washington. Jeff Wiberg, CEO of FRHC, says the acquisition is part of the in-home care company's goal of increasing its market share across Washington
Read More
Jackson | Main Architecture PS

West Side developer plans workforce housing in Spokane

South Hill, Logan-area projects set; Oldivai eyes 300 living units here in next two years
August 17, 2023
Erica Bullock
The key to bringing a three-story, 10-unit housing complex to market in Spokane by the end of the year is modular construction, says John Milne, CEO at Oldivai Capital LLC. The Snoqualmie, Washington-based workforce housing developer recently broke
Read More
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