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Small Business Watch

February 16, 2012

New hair salon opens at Schade TowersA group of hair stylists who previously worked at Perala's Hair Design has opened a new salon, Tryst Hair Co., in a 2,200-square-foot space in Schade Towers, at 528 E. Spokane Falls Blvd.That space housed

Spokane Valley IT company Intrinium acquires Olympia computer company

Spokane Valley-based network-security firm reports big revenue jump

February 16, 2012

Chey Scott

Spokane Valley-based Intrinium Networks & IT Security, which provides information security and other computer network services mostly to businesses, recently acquired an Olympia, Wash.-based computer-service company.Nolan Garrett, Intrinium's he

Rendering provided by Garco Construction Inc.

MacKay Manufacturing plans to double size of its manufacturing space

Company buys property next to its Valley facility for planned expansion

February 16, 2012

Chey Scott

MacKay Manufacturing Inc., the Spokane Valley-based fabricator of components used in the medical, aerospace, and semiconductor industries, has acquired a parcel next to its headquarters and plans to construct a 22,000-square-foot addition Vice says

Bellevue-based mining company hopes to explore mine site in North Idaho

Mining concern seeks permit to explore site in Cd'A River district

February 16, 2012

Mike McLean

A West Side mining company is seeking a permit from the U.S. Forest Service to explore for gold at a mining claim located in the Coeur d'Alene River Ranger District, in Shoshone County.The project site, called Equity in Potosi Placer Test Pit, a

Northwest Farm Credit Services acquires Hermance crop-insurance agency

Valley office will continue to offer same lines, services under association's name

February 16, 2012

Treva Lind

Northwest Farm Credit Services, the big Spokane-based ag-lending cooperative, has acquired the assets of Spokane Valley crop insurance provider Hermance Insurance Agency LLC.Financial terms of the transaction, which became effective Jan. 2, Farm

Wheatland Bank's 2011 net income was on par with previous year

Bank expects loan growth, jump in net income in '12

February 16, 2012

Treva Lind

Wheatland Bank, of Spokane, says it posted net income of slightly more than $1 million last year, down about $75,000 from $1.1 million in 2010, while it had strong increases in deposits and assets.Susan Horton, president, CEO, and chairwoman of

Crazy for baskets

February 16, 2012

Chey Scott

It all started with a friend's baby shower.Timmie Coon and Chris Hjelm, a mother-daughter team who own a Spokane Valley business called The Basket Cases, hosted that baby shower in early 2008 and purchased what they considered to be a rather for

Washington Trust Bank report jump in net income

Its $16.2 million profit last year nearly doubled prior year's net income

February 16, 2012

Kim Crompton

Washington Trust Bank, of Spokane, has reported net income of about $16.2 million for last year, up substantially from earnings of $9.1 million in 2010 and $3 million 2009.Jack Heath, the bank's chairman and chief operating officer, says, "I was

Magnuson Hotels delays launch of travel website

Magnuson Hotels CEO says surge in interest pushes start to March

February 16, 2012

Treva Lind

Tom Magnuson, CEO of Spokane-based Magnuson Hotels, says the launch of a new international online travel agency for booking hotel rooms is being delayed until next month because of a higher than expected demand in hotels wanting to also CEO of a a

Rite Aid consider new store on Spokane's North Side

Rite Aid aims to construct freestanding structure on mall's northern side

February 16, 2012

Mike McLean

Rite Aid Corp., the Camp Hill, Pa.-based pharmacy and retail store chain, plans to construct a stand-alone store in the north portion of the Franklin Park Commons shopping center where it would move an existing outlet from another part of the is to