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Latest News

Farm Credit's net exceeds $124 million

February 26, 2009
Richard Ripley
Northwest Farm Credit Services, of Spokane, has reported 2008 net income of $124.4 million, up from $114.1 million in 2007, and says its net loans grew by an unusually high 20 percent last year, to more than $7.8 billion.The federally chartered
Read More

Insurance concern opening four Spokane, Idaho offices

American Family has more than a dozen agents here, is recruiting more
February 26, 2009
Jeanne Gustafson
American Family Insurance says it will open four new offices in Spokane and North Idaho by the end of March, and will continue to expand even more here."It's part of our growth strategy into the Spokane market," says Amy Schell, district manager
Read More

INB's parent reports losses for all of 2008, fourth quarter

CEO says $10.5 million from TARP could boost lending
February 26, 2009
Richard Ripley
The parent company of Inland Northwest Bank (INB), of Spokane, has reported net losses of $1.42 million for the fourth quarter and $275,000 for all of last year and has obtained $10.5 million in capital from the U.S. government that it says would 2
Read More
—Staff photo by Kim Crompton

Exploring artful dimensions

February 26, 2009
Kim Crompton
Dave Quinn aspired as a youth to fly jets for the U.S. Marine Corps, but decided instead during his four-year stint in the service that he wanted to focus on artistic endeavors—something he'd displayed a knack for since childhood.Now a of a
Read More

Work slated on drag strip at racetrack

Spokane County Raceway facility to get $1 million in upgrades this year, next
February 26, 2009
David Cole
The operator of the West Plains raceway owned by Spokane County is seeking bids for upgrades to the drag strip, including replacing much of the asphalt strip with concrete and adding barrier walls. "All premier tracks have concrete to 330 feet"
Read More

Avista, BPA reach proposed settlement of lengthy fight

Residential, small-farm ratepayers' utility bills will fall if pact is approved
February 26, 2009
Kim Crompton
Residential and small-farm customers of Spokane-based Avista Corp. could see a reduction in their utility bills beginning this spring if a proposed settlement of a longstanding dispute between Avista and the Bonneville Power Administration is say a
Read More

Ambassadors Group trims 40 more people from payroll

Recent cutbacks part of 'rightsizing' that lopped off 69
February 26, 2009
Richard Ripley
Ambassadors Group Inc., of Spokane, completed a downsizing last month when it reduced its payroll by about 40 people.Their departure meant the company had cut its employment rolls by a net of 69 workers since the end of 2007, leaving Ambassadors
Read More
—Staff photo  by David Cole

Startup seeks to put 'touch' into touch screens

HapticTouch technology provides tactile response akin to keyboards
February 26, 2009
David Cole
Pacinian Corp., a Spokane startup, believes it's at the cusp of a breakthrough that users of cell phones and other computing devices will love to get their fingers on. "It's like black magic," says Jim Schlosser, Pacinian's CEO. "We're tricking
Read More
—Staff photo by Mike McLean

Construction loans available, but not readily

Lenders requiring tenant agreements, bigger cash stake on developer's part
February 26, 2009
Mike McLean
Is there really any financing available right now for commercial projects?That question seems to be rising these days more often than scaffolding. The answer, say both developers and financial institutions, is yes—but with a far more eye on
Read More
—Staff photo by Mike McLean

Apartments stay afloat in recession

Market considered tight despite slight rise in vacancy rates
February 26, 2009
Mike McLean
Daren Kelly, who with his wife, Lisa, owns and manages a modest collection of small apartment buildings through a company called Noble Mansions, says he's having no trouble keeping the units occupied so far amid the lingering recession.In fact,
Read More
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