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Special Report

—Urbal Architecture

SRM Development expands scope, staff, revenue

Spokane-based company focuses on multifamily, senior-living projects in large Western metros
January 19, 2023
Karina Elias
SRM Development LLC, a Spokane-based development and construction company that typically takes on projects far from home, has been steadily growing over the past few years. The 24-year-old company added SRM Interiors LLC in 2017, and an affordable
Read More

Tourism forecast is mixed for 2023

With convention bookings subdued, sports events expected to draw crowds
December 15, 2022
Virginia Thomas
Spokane's tourism and hospitality industry has thrived in an explosion of post-pandemic demand, but the market is expected to be quieter in 2023. Meg Winchester, president and CEO of Visit Spokane, says tourism here has been strong in every category
Read More

Idaho mining execs optimistic about the future

Hecla anticipates higher output; Idaho Strategic expands rare earth sites
December 15, 2022
Mike McLean
Inland Northwest mining industry representatives are optimistic about mining in the coming year and beyond. Coeur d'Alene-based Hecla Mining Co., which is the largest silver producer in the U.S., recently agreed to acquire all outstanding stock in
Read More

Retail sales likely to decelerate after strong showing

Inflation, low average savings impact spending
December 15, 2022
Karina Elias
Retail sales in Spokane are expected to slow in 2023 after strong showings the last couple of years which were buoyed by pandemic relief funds, says Patrick Jones, executive director of the Institute for Public Policy and Economic Analysis at Eastern
Read More

Demand, prices for wood products expected to slow further

Market reacting to Fed raising interest rates
December 15, 2022
Virginia Thomas
The wood products industry is likely to see a cooling of market volatility in 2023 as demand slows due to inflation and interest rate increases, experts say. Tim Borg, general manager at the Spokane offices of Texas-based supplier and manufacturer of
Read More

Inland Northwest health care systems look to stabilize

Spokane providers are operating with financial losses, increased costs
December 15, 2022
Karina Elias
Moving into 2023, major health care systems in Spokane are projecting continued financial losses while working to stabilize margins after struggling through two years of COVID-19 surges, ongoing shortages of medical personnel, and rising costs.
Read More

Financial institutions brace for potential recession

Inflation, interest rates predicted to slow loan, credit card demands
December 15, 2022
Virginia Thomas
Financial industry representatives here say that deposit volumes are expected to decrease as consumers and businesses struggle with inflation, and many signs point to a recession developing in 2023.
Read More

Positive early outlook projected for Washington's ag industry

Inflation, war in Ukraine may impact farmers here
December 15, 2022
Karina Elias
The La Niña weather pattern is delivering adequate precipitation going into 2023 for some of Washington state's leading crops, some industry experts say. According to a report from Northwest Farm Credit Services, the 12-month forecast for some of
Read More

Cybersecurity, workforce top concerns for tech

Computer jobs expected to outpace employment growth in Spokane area
December 15, 2022
Erica Bullock
Cybersecurity, privacy and data storage, technology workforce issues, and cloud migration are among the top tech concerns businesses are expected to face in the new year, says Heather Stratford, founder and CEO of Drip7 Inc., a Spokane-based cybersecurity
Read More

Mild recession likely would restrain job growth

~
December 15, 2022
Linn Parish
Whether we're headed for a recession or a soft economic landing, little or no job growth is expected in 2023. Grant Forsyth, chief economist at Avista Corp., says employment growth started to slow early this year, and that slowdown has continued
Read More
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