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Latest News

Itron about to become a giant

$1.6 billion Actaris acquisition to add 6,000 employees, nearly 30 factories worldwide
February 26, 1997
Emily Brandler
Three and a half years ago, Itron Inc. proved that it wasnt afraid to take big bites when it agreed to spend $255 million to buy Schlumberger Electricity Metering, a leader in the North American electric meter market.Now, in a move that makes
Read More

Demand for microloans grows here

One expert says popularity of such loans is at highest point heÂ’s seen in a decade
February 26, 1997
Emily Brandler
A little more than a year ago, Michael Igo thought he would have to close his struggling West Plains knife and cutlery business. Then, he sought help from Spokane Neighborhood Action Programs microenterprise development program. Since then, he to
Read More

Late payments by consumers rose in quarter

Composite ratio for eight types of loans remains lower than year earlier
February 26, 1997
Late payments for most consumer loans rose in the third quarter of 2006, says the latest American Bankers Associations Consumer Credit Delinquency Bulletin, released last month. ABAs quarterly survey of more than 300 banks nationwide tracks
Read More

THE BONDS that tie ... into job creation

Industrial revenue bonds offer tax break to buyers, low interest rate to borrowers
February 26, 1997
Mike McLean
When Mark Sonderen was seeking funding for new equipment to expand production at Sonderen Packaging here, his banker recommended that the longtime paperboard carton maker seek financing through whats called an industrial revenue bond.Such is
Read More

Fewer employers in state offering health insurance

Benefits survey shows percentage decline for second year in row
February 26, 1997
For the second year in a row, the percentage of Washington employers that offer health insurance declined, according to a 2006 benefits survey released last week by the state Employment Security Department.The percentage of employers offering a
Read More

Dangling richer benefits?

Despite tight labor market, employers havenÂ’t had to perk up perks to attract workers
February 26, 1997
Rocky Wilson
Spokanes tight labor market, with the countys average annual unemployment rate at 5.6 percent in 2005 and 5 percent last year, hasnt spurred employers here to sweeten their benefit packages noticeably yet to attract the workers they need, say
Read More

Payne Financial Group anticipates more growth here

Montana company expands Spokane office, which will have room for 40
February 26, 1997
Emily Brandler
Payne Financial Group Inc., a Missoula, Mont.-based insurance brokerage that operates a growing office here, says Spokanes strong economy has been helping drive its robust, companywide growth. At the same time, the company, which has its top
Read More

Manufactured-home dealer opens in Valley

Independence Home Center sells Fleetwood dwellings
February 26, 1997
Rocky Wilson
A new Spokane Valley company named Independence Home Center Inc. has opened a Fleetwood Homes manufactured-home dealership just south of Interstate 90 near Barker Road.Peter Zeman, who owns Independence Home Center, says the new dealership is a
Read More

Inland Power mulls moving headquarters to West Plains

Co-op would construct administrative offices next to main warehouse
February 26, 1997
Kim Crompton
Inland Power & Light Co. says it is considering developing a 25,000-square-foot administrative building on the West Plains, near its main warehouse and maintenance facility, and moving its headquarters there from 320 E. Second, where its offices it
Read More

Servatron Inc. foresees, prepares for growth here

Contract manufacturer adds space, has hired 40 workers
February 26, 1997
Emily Brandler
Servatron Inc., a Spokane Valley-based contract electronics manufacturer, says that after experiencing flat revenue growth in 2006, it expects to make strong gains this year and is adding floor space at its plant to prepare for future company has a
Read More
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