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Banking & Finance

Rockwood Retirement completes Whitworth project financing

Construction funded for independent-living units through $81.3M bond
October 22, 2020
Virginia Thomas
Rockwood Retirement Communities has completed its final round of bond financing for its Rockwood at Whitworth redevelopment project with $81.3 million in bond financing to be used to construct the second phase of the project.
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Reimagining community investment in the INW

Huge transfer of wealth expected to come from baby boomer generation
October 22, 2020
Mason Burley and Colleen Fox
There is a tsunami coming. Before we cause needless alarm, this is not yet another unexpected emergency, but a demographic tidal wave that we have known about for some time.
Read More
JORDAN WERTMAN

Economic volatility influences donor behaviors

Fewer gifts, but major donors step up, fill gaps
October 22, 2020
Virginia Thomas
In a year fraught with economic turmoil stemming from a pandemic, Inland Northwest nonprofits say they've seen donor behaviors change in response to both their own economic uncertainty and the uncertainty nonprofits are experiencing.
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VIRGINIA THOMAS

Cowles Co. establishes new venture-capital arm

Company has invested $85M in startups so far
October 22, 2020
Virginia Thomas
In an effort to diversify its corporate holdings and cement itself in the entrepreneurial ecosystem of the Inland Northwest, Spokane-based Cowles Co. has formally established a venture capital investment arm.
Read More

Vega Cloud secures $2.3 million in venture capital

Capital infusion to go to marketing, software development, CEO says
September 24, 2020
Kevin Blocker
Liberty Lake Cloud Inc., a Liberty Lake, Washington software company that does business as Vega Cloud, recently completed a $2.3 million round of investment funding. Vega Cloud CEO and co-founder Kris Bliesner says recent funding sources include the
Read More

Private equity group buys big interest in Family Home Care

Liberty Lake company eyes expansions, more hiring
September 24, 2020
Virginia Thomas
An East Coast private equity group has acquired a 70% ownership interest in Liberty Lake-based Family Resource Home Care. Jeff Wiberg, CEO of Geras LLC, which does business as Family Resource Home Care, says an investment partnership with
Read More
Virginia Thomas

Advance directive demand

More clients seek end-of-life plan guidance during pandemic, Spokane attorneys say
September 24, 2020
Virginia Thomas
As COVID-19 has swept through the U.S., some attorneys here say they've seen an uptick in clients who want to complete their estate plans, including documents that guide health care providers should the clients become unable to make their own health car
Read More

1,400-plus organizations seek share of $10 million in CARES Act funds

GSI, Innovia expect to make decisions on CARES funding recipients soon
August 27, 2020
Natasha Nellis
More than 1,400 small businesses and nonprofits have sought a sliver of $10 million in federal funds made available in Spokane County. Those organizations, which have applied for nonprofit grants through the county's OpenTogether Small Business
Read More
VIRGINIA THOMAS

Financial software company adds Spokane client

Valley-based ESP to handle services for Avista CU now
August 13, 2020
Virginia Thomas
A Spokane Valley software company that caters to credit unions is returning to its roots with the addition of a Spokane client, after almost two decades without a customer in its home market. Shaun Murray, president and CEO of Enhanced Software Products
Read More

Low rates drive surge in mortgage, refinance activity in Spokane

INW banks, credit unions report higher volumes of activity this year
August 13, 2020
Kevin Blocker
Veteran Spokane bankers report strong mortgage growth largely in part due to existing homeowners refinancing in order to take advantage of record-low interest rates.
Read More
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