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Latest News

West Side company acquires K&N Electric

Schmidlkofer family to remain involved in longtime motor repair company
November 9, 2023
Erica Bullock

Spokane Valley-based K&N Electric Motors Inc. has been acquired by Bellevue, Washington-based Impel Co.


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Businesses often can function better together

Creating relationships with complementary business interests can leverage audiences
November 9, 2023
Amaya Hull

We are taught to believe that business is an arena of cutthroat competition, driven by the relentless pursuit of profit and maximized return on investment. It’s my mission to challenge this notion.


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Credit challenges rise; standards don’t necessarily change in tightening environment

Interest, inflation raise costs, reduce margins
November 9, 2023
Erica Bullock

Lenders in Spokane say several economic factors have made it increasingly more expensive for borrowers when trying to obtain a loan, including high inflation, high interest rates, and an erosion of COVID-era stimulus funds that allowed many to save, pay off loans, and invest.


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Withdrawal rules are intricate for inherited IRAs

Some penalties waived through 2023 for vague parts of SECURE acts
November 9, 2023
Jon Heideman

Inherited-beneficiary individual retirement accounts are typically an emotional topic. Generally, they represent diligent savings from a loved one who has passed away, and you have now inherited an IRA or 401(k) from them since you were named the beneficiary on the account.


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Adding adult children to accounts can be problematic

Power of attorney can serve intended purpose
November 9, 2023
Beau Ruff

Many of us choose to put a child’s name on the account. And we choose the most responsible child to handle that duty. This plan is fraught with potential problems, but the good news is that a better solution exists.


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Adviser AI: Technology’s role in financial management

Machine learning expected to assist, not threaten, say INW investment managers
November 9, 2023
Dylan Harris

As artificial intelligence technology continues to evolve, it’s expected to improve efficiency for financial advisers, allowing them more time to build relationships with their clients, some advisers here say.


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Historic buildings face hurdles for energy-law compliance

Some older structures may qualify for exemptions under Commerce’s rules
November 9, 2023
Erica Bullock

Historic building owners may find there are additional challenges to meet Washington state’s upcoming energy-performance standards that nonhistorical building owners won’t have to contend with.


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Key Tronic lays off over 100 workers companywide

Lapse viewed as short term by manufacturer, analyst
November 9, 2023
Karina Elias

Spokane Valley-based Key Tronic Corp. has reported a reduction in workforce of over 100 employees in the U.S. and Mexico in its recently released earnings report for the first quarter of its 2024 fiscal year.


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Collaboration takes center stage in Spokane tourism industry

PFD, Visit Spokane, sports commission work together to propel economic growth
November 9, 2023
Erica Bullock

Three Spokane-based organizations that operate as economic drivers in the community have set aside their once competitive policies to adopt a new combined strategic plan to be publicly announced in the spring.


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Purcell Systems parent to close Spokane Valley plant

Company notifies state it will lay off 77 workers
November 9, 2023
Mike McLean

Global energy systems and technology provider EnerSys plans to close its plant here and lay off 77 people.


Read More
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