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Latest News

Small Business Watch

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February 25, 2016
Staff Report
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Valley boatlift distributor purchased

Pacific Harbor's territory spans Inland Northwest
February 25, 2016
Mike McLean
Brady A. Kriegh, of Spokane, has bought longtime Spokane Valley boatlift seller Pacific Harbor Distributors. Pacific Harbor, which was founded here in 1980, is located at 6506 E. Main, where it occupies about an acre of land with a 1,600-square-foot ware
Read More

Excelsior Youth Center's founding CEO passes baton

Center plans to add staff, expand some programs
February 25, 2016
LeAnn Bjerken
Excelsior Youth Center, one of Spokane's largest behavioral-health nonprofits, has changed leadership, transitioning to a new chief executive officer for the first time in the 34 years since its founding. Robert Faltermeyer, founding CEO of Excelsior Y
Read More

Owner of NorthTown Mall, Valley Mall posts stronger year

Initial rental rates rose by double digits in '15
February 25, 2016
LeAnn Bjerken
General Growth Properties Inc., the Chicago-based company that owns and operates both the NorthTown Mall and Spokane Valley Mall here, has reported a decline in fourth-quarter earnings compared with the year-earlier period. For all of 2015, though, the
Read More

Aerospace industry trade groups collaborate

Organizations to share memberships, resources
February 25, 2016
LeAnn Bjerken
The Inland Northwest Aerospace Consortium, INWAC, and the Idaho Aerospace Alliance, IDA, have decided to collaborate through reciprocal memberships. The two organizations announced in a recent press release that their respective boards had unanimously a
Read More
—Linn Parish

Q&A with Todd Mielke: Under a new public spotlight

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February 25, 2016
Linn Parish
After spending much of his career in public office, Todd Mielke moves into the private sector, but remains very much in the public spotlight. The 51-year-old Spokane native took over on Feb. 1 as president and CEO of Greater Spokane Incorporated, step
Read More

Virtual reality company here readies first product

NovaWake founders bet on tech becoming ubiquitous
February 25, 2016
The co-founders of a virtual-reality company here think VR is on the verge of becoming another entertainment and communications platform. Now, the self-funded company is looking for ways to convert the technology into a revenue stream.
Read More
—LeAnn Bjerken

SNAP Financial Access expects loan volume to hit $700K this year

Total volume increased, defaults declined in '15
February 25, 2016
LeAnn Bjerken
SNAP Financial Access, a community development financial institution here, saw a 26 percent increase in loan volume last year and hopes to continue its goal of providing small business development resources through new programs and partnerships, a program
Read More

Lee & Hayes law firm expands Portland-area presence

Spokane practice doubles space, adds FDA talent
February 25, 2016
Kim Crompton
The firm has leased 6,100 square feet of office space on the sixth floor of the 805 Broadway Building, in Vancouver, Wash., a short distance from Portland, and expects move into the space in May, says Shaun Cross, a Spokane partner with the firm. It will
Read More

SBA small-business loan incentives help more borrowers

Programs boost cash flow for business starts, growth
February 25, 2016
Mike McLean
U.S. Small Business Administration loan incentives are helping a growing number of businesses start up or expand, some lenders here say. In 2015, lenders in the Spokane branch of SBA's Seattle district issued 522 SBA-backed loans totaling $183 million,
Read More
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