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Latest News

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Rate of construction salary growth to slow in new year

Alternative compensation strategies reflect industry pressure
December 19, 2024
Erica Bullock

Construction industry wage growth is expected to grow at a rate greater than inflation, but at a slower rate than seen in previous years.



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Five Takeaways: 2025 Economic Outlook

With Washington Trust Bank Chief Economist Steve Scranton
December 19, 2024
Linn Parish

In early December, the Journal of Business hosted Washington Trust Bank Chief Economist Steve Scranton for its most recent Elevating The Conversation podcast. 


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Parting Thoughts with JoAn Sanders, CEO, Cheney Federal Credit Union

December 19, 2024
Karina Elias

JoAn Sanders, CEO of Cheney Federal Credit Union will retire from her role at the end of the year after leading the organization for nearly 34 years. 


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Machinists Institute plans $3.6M expansion

Increased training capacity to address skills gap, labor shortages
December 19, 2024
Erica Bullock

The Machinists Institute is expanding its Spokane training center with a $3.6 million tenant improvement project.


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Banking industry expects further stabilization in 2025

Fraud, cybersecurity are among industry concerns
December 19, 2024
Karina Elias

Financial institutions expect steady overall growth and better lending rates for short-term loans in 2025. 


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More INW startups, investing expected in 2025

New companies continue to emerge despite recent lull in funding
December 19, 2024
Dylan Harris

Funding for emerging companies is in a lull, but overall, the Inland Northwest’s startup ecosystem is growing, and that growth is expected to continue in 2025.


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Kootenai County faces opportunities, challenges

Shortages in workforce, attainable housing temper diverse economy
December 19, 2024
Mike McLean

Kootenai County has a lot of economic opportunities ahead, although it faces challenges of a tight labor supply and a need for attainable housing.



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Health care-heavy job growth expected in INW

Modest employment increase of 1% projected for 2025
December 19, 2024
Linn Parish

Modest job growth is expected next year in the Inland Northwest, with greater strides expected on the Idaho side of the border and a heavy concentration of health care-related jobs throughout the region. 


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Farmers expect relief in 2025 from past years' headwinds

Growers anticipate lower interest rates in new year
December 19, 2024
Karina Elias

Looking to 2025, growers in Washington hope to find some relief from high labor costs and interest rates. 


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Manufacturing continues steady growth, budding fields emerge

Green energy, hydrogen, satellite sectors arise
December 19, 2024
Karina Elias

Manufacturers in Spokane are taking up work in the satellite industry, while companies in other emerging fields also are looking here to build out their supply chains. 


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