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Banking & Finance

Journal's View: ARP funds provide regional transformative opportunity

~
July 29, 2021
Journal of Business Staff
Government leaders here are faced with the enormous task of deciding what to do with more than $200 million in American Rescue Plan funding coming collectively to Spokane County, the cities of Spokane and Spokane Valley, school districts, and other local
Read More

Spokane economy grew for some in pandemic year

Hospitality, retail sectors still lag in job numbers
July 29, 2021
Patrick Jones
What a difference a year makes. In May 2020, U.S. employment had slipped over 25 million from its February 2020 peak. The nation was lurching toward the largest quarterly drop in gross domestic product in history with a 32% decline. Washington state's
Read More
Continuous Composites Inc.

Continuous Composites secures $17M in financing

Company looks to double workforce within the year
July 29, 2021
Natasha Nellis
Coeur d'Alene-based additive manufacturer Continuous Composites Inc. has secured $17 million in funding that CEO Tyler Alvarado says will help the company double its workforce and bring its product to market within the next year. The financing round
Read More

Executive Pay sees double-digit increase

Leadership changes, strong market performances lead compensation escalation throughout pandemic
July 29, 2021
Linn Parish
Executive pay at Inland Northwest-based publicly traded companies increased by double digits during the pandemic year of 2020, a Journal of Business analysis has found. The surge in total compensation for executives occurred during an unusual
Read More

Kaspien added to microcap stock index

Inclusion on list said to be milestone for Valley tech company
July 15, 2021
Virginia Thomas
Spokane Valley-based e-commerce company Kaspien Holdings Inc. has been added to the Russell Microcap Index. The company was added to the index on June 28 and will retain membership for one year, according to a press release.
Read More

Haven Real Estate Group owners start new mortgage company

Real estate firm, new lender located downtown
July 1, 2021
Kevin Blocker
Spokane-based Haven Real Estate Group LLC debuted a new affiliate-Haven Mortgage Group LLC-in mid-June. Co-founded by the husband-and-wife duo Robert and Cambria Henry, Haven Real Estate was launched in 2015 and now has eight full-time employees and
Read More

Economy endures its sharpest, shortest recession

Full return forecast in mid-year outlook
June 17, 2021
Shawn Narancich
The U.S. economy is back in business after enduring its sharpest and shortest recession ever. Zero percent interest rates at the Federal Reserve, multiple government stimulus payments, business subsidies, and generous unemployment benefits all helped
Read More

Compound interest on investments can beat inflation

Savings build buffer for future price hikes
June 17, 2021
Dave Gordon
Being an adviser since 2006, I've had my fair share of questions regarding 'why invest?” I've undoubtedly shown clients those charts of compounding returns over time with the S&P turning $10k into $20k, and then how, with a little help
Read More

Conditions might be aligned for persistent inflation

Influx of money chasing fewer items helps feed rise in consumer prices
June 17, 2021
Sarah Carlson
Are you shocked every time you go to the store and buy groceries and see how the price of basic items keeps going up week after week? If inflation makes you nervous, you are not alone.
Read More

Small business owners regain their confidence

Banker offers advice for journey to recovery
June 17, 2021
Kurt Walsdorf
Small business owners in Spokane and across the country are slowly but surely regaining their footing after a uniquely challenging year. In fact, Spokane County's job market is continuing to recover, with its April 2021 unemployment rate dropping
Read More
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