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Banking & Finance

Spokane-area businesses received $786M in PPP loans

Lenders: Most borrowers haven't yet submitted loan-forgiveness requests
December 17, 2020
Virginia Thomas
More than $786 million went to 6,755 businesses in Spokane County through the federal Paycheck Protection Program, according to detailed data released earlier this month by the U.S. Small Business Administration. The disclosure comes after several
Read More

Business owners should heed priorities next year

Resilience marks 2020, vigilance vital for 2021
December 3, 2020
Jamie Hudson
With a year of economic disruption and upheaval almost in the books, it's clear Spokane businesses already have done much to adjust to the pandemic and plan for the future. Yet staying competitive in the year ahead will require continued vigilance
Read More

Investing in self can provide strong returns

Setting goals can help with relationships, financial independence
December 3, 2020
Sarah Carlson
We've all heard stories about get-rich-quick schemes, and most times, it's just that-a scheme. Schemes of this nature usually create an impression that participants can achieve a high rate of return with little risk, skill, effort, or time.
Read More
NATASHA NELLIS

Five Pine Wealth Management sees triple-digit growth

Company plans to add junior adviser, office staff
December 3, 2020
Natasha Nellis
Coeur d'Alene-based Five Pine Wealth Management has seen strong growth over the last year, having more than doubled its annual revenue this year compared with 2019.
Read More
VIRGINIA THOMAS

Bill would expand incentives for retirement savings

Proposed act includes automatic enrollment, matching for student loans
December 3, 2020
Virginia Thomas
Proposed federal legislation some are calling SECURE Act 2.0 likely would encourage saving for retirement by expanding on legislation passed in 2019, local financial consultants and planners say.
Read More

Extra credit for helping nonprofits is coming

Filers who don't itemize still can get deduction this year for charitable donations
December 3, 2020
Kevin Blocker
As 2020 continues its arduous march to an end, Inland Northwest financial advisers, tax preparers, and heads of nonprofits are reminding clients and benefactors about a charitable giving tax benefit included in the federal Coronavirus Aid, Relief,
Read More
POTLATCHDELTIC CORP.

Forest Fortunes: PotlatchDeltic, Clearwater Paper find unexpected demand during tumultuous times

Wood, paper products makers strengthen financial positions during pandemic
December 3, 2020
Kevin Blocker
The notion that two of the Inland Northwest's publicly-traded companies, one that manufactures wood products and the other that makes paper products, would see a surge in demand during a pandemic may once have seemed hard to fathom.
Read More

Hypersciences secures additional VC capital

HyperSciences raises more than $2M this year
November 19, 2020
Natasha Nellis
Spokane-based geothermal drilling technology startup HyperSciences Inc. has raised $87,700 in venture capital, bringing the company's total funding raised to $12 million since 2018.
Read More
PM DESIGN GROUP INC.

New bank, credit union branches planned in Spokane, Cd'A

Credit union to build on former Aces Casino site
November 19, 2020
Virginia Thomas
Two financial institutions are planning to construct new branches, one on Spokane's North Side and one in Coeur d'Alene.
Read More

Scrutinizing good businesses at core of investing

Stock buyers should seek companies that offer indispensable products
November 5, 2020
Chris Malde
Uncertainty dominates the U.S. investing landscape, including questions on economic growth, election outcomes, and the impact of civil unrest. To help navigate the uncertainty, it is important to remember the core of investing
Read More
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