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Latest News

Spokane-area tourism to remain dormant through mid-2021

Losses mount; recovery expected to take years but hope for second-half rally persists in industry
December 17, 2020
Virginia Thomas
The tourism industry here expects to see some signs of recovery in 2021 from the stifling effects of the COVID-19 pandemic, but likely not until midyear. Meg Winchester, president and CEO of Visit Spokane, says that by all accounts, 2020 was shaping up
Read More

Low interest rates, high deposits to steer finance sector

Despite spike in loans, earnings could slump
December 17, 2020
Virginia Thomas
Experts here say that while financial institutions have seen increases in loans and deposits in 2020, they could feel the squeeze of low interest rates in 2021. In March, the U.S. Federal Reserve lowered the federal fund rate-the benchmark interest
Read More

Full job recovery is possible in 2021, Spokane economists say

Regaining lost jobs will require stimulus, successful vaccines
December 17, 2020
Linn Parish
If a few positive steps are taken in 2021, the Inland Northwest could regain all of the jobs it lost this year, Spokane-area economists say. Such a recovery might not be V-shaped, but it would be a dramatic comeback, as Avista chief economist Grant
Read More
Natasha Nellis

Gains expected in much of Inland Northwest

Industrial development, single-family home sales are top performers in '20
December 17, 2020
Natasha Nellis
Real estate in Spokane stayed surprisingly strong in most sectors through the pandemic, say industry observers here, with home sales and commercial real estate investment, particularly in industrial space, seeing strong growth. Rob Higgins, executive
Read More
PotlatchDeltic Corp.

Wood products pricing volatility likely to persist

Pandemic-related supply constraints likely in new year
December 17, 2020
Virginia Thomas
A year marked by high demand, supply constraints, and mercurial commodities pricing likely will lead to continued volatility for at least the first half of 2021, some wood products industry observers say. Joel White, executive officer of the Spokane Home
Read More
Kevin Blocker

Health care system to continue to be challenged

Medical facilities here incurring COVID-19 costs while swarmed with patients
December 17, 2020
Kevin Blocker
While Washington state officials say the first COVID-19 vaccinations will be available to select groups of residents this month, local health care officials say there will continue to be areas of uncertainty heading into next year.
Read More
Natasha Nellis

Construction activity likely to be strong in 2021

Labor, supply shortages kneecap builders' efforts to meet high demand
December 17, 2020
Natasha Nellis
The 2020 construction season got off to a slow start because of pandemic-induced restrictions. Overall, though, industry observers here say the season finished better than expected, and 2021 is expected to even better. About $30 million in public work
Read More
Virginia Thomas

Q&A with Economist Vange Ocasio Hochheimer

Associate professor of economics at Whitworth University
December 17, 2020
Virginia Thomas
Vange Ocasio Hochheimer teaches economics at Whitworth University, but the roots she's put down in Spokane over the past decade extend beyond the university's campus. Ocasio Hochheimer spent much of her childhood in Puerto Rico. As an adult, she
Read More

2021 could usher in economic reset

For some, hopes hinge on vaccine, stimulus bill
December 17, 2020
Mike McLean
While our previous decade-long ascending economy took an abrupt nosedive in 2020, prognosticators among many economic sectors are looking up for 2021. The extent of their optimism, however, hinges on the rollout of COVID-19 vaccines, or congressional
Read More
Kevin Blocker

Beer Here: Entrepreneurs seek to capitalize on love of suds in coronavirus era

Keg manufacturer gears up; delivery service takes off
December 17, 2020
Kevin Blocker
Tim Loucks and Tyler Cossey have never met, but the two Eastern Washington University business school alums have something in common: They're trying to find their riches in beer. Loucks, 42, is looking to innovate keg storage of brews, and Cossey
Read More
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