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Latest News

LaunchNW receives $2.5M grant from Ballmer Group

Funding will go toward post-high school support system for students
June 12, 2025
Journal of Business Staff

LaunchNW, an initiative of Spokane-based Innovia Foundation, has been awarded a $2.5 million grant from Ballmer Group to implement a post-high school education support system for students throughout Eastern Washington.


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Two Spokane Rite Aid stores to close

Closures result of drugstore chain's ongoing bankruptcy process
June 11, 2025
Journal of Business Staff

A pair of Spokane Rite Aid stores will close as part of the drugstore chain’s ongoing bankruptcy process, according to documents filed last week with the U.S. Bankruptcy Court for the District of New Jersey.


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Avista reaches settlement agreement in Idaho rate cases

If approved, rate increases will go into effect Sept. 1
June 10, 2025
Journal of Business Staff

Spokane-based Avista Corp. has reached a settlement agreement with all parties involved in its Idaho general rate cases, the energy company announced in a press release.


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More than $82 million in state funds headed to Spokane

Bulk of money to go to North Spokane Corridor
June 9, 2025
Journal of Business Staff

More than $82 million in state funding will go toward Spokane-area projects. 


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Spokane-area home sales continue to outpace 2024

Median price surpasses $450K mark in May
June 9, 2025
Journal of Business Staff

Home sales in the Spokane area this year continue to outpace sales from the same period in 2024.


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Two Spokane innovation clusters land state funds

Grants to go toward bioscience, clean energy initiatives
June 6, 2025
Journal of Business Staff

Two Spokane innovation clusters have garnered infusions of funds through the Washington state Department of Commerce's Innovation Cluster Accelerator Program. 


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Kootenai County home sales, prices rise in May

Active listings nearly 14% higher than last year
June 5, 2025
Journal of Business Staff

Kootenai County single-family homes sold this year reached 922 in May, a 2.7% increase compared to the same time last year, according to the latest Market Snapshot from Coeur d’Alene Regional Realtors.


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Spokane physician agrees to pay $1.4M in COVID-funds fraud settlement

Werschler admits no wrongdoing as part of agreement
June 5, 2025
Tina Sulzle

Spokane dermatologist William Philip Werschler, 66, and his associated businesses, have agreed to pay the U.S. government $1.4 million over a claim they misused COVID-19 relief funds.


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Latinos en Spokane envisions $10M community hub

Nonprofit aims to expand health, housing access in east central Spokane
June 5, 2025
Karina Elias

Latinos en Spokane is in the early stages of planning a $10 million cultural center and affordable housing project that will create flexible space for the organization’s growing programs and build over 40 housing units. 


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Tech hub group expected to compete for federal funding, again

Aerospace manufacturing plans remain in place despite recent grant rescission
June 5, 2025
Dylan Harris

Plans for the envisioned American Aerospace Materials Manufacturing Center are continuing, for now, despite the U.S. Department of Commerce’s recent decision to cancel nearly $50 million in funding for the Spokane-Coeur d’Alene tech hub.


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