Spokane Journal of Business

In The News

 

April 10 / EWU endowment hits record high

Eastern Washington University said the EWU Foundation Endowment now totals more than $20.2 million, which is a record high. The university said it was one of 805 higher-education institutions to participate in a recent study of endowments, and the EWU endowment’s one-year performance finished in the top 25 percent of all endowments and in the top 10 percent on its three-year and five-year performance.

 

April 4 / WSU med school hires administrators

Washington State University’s Elson S. Floyd College of Medicine said it has hired new administrators for its new medical school. They are Steve Grossman, assistant dean of learning communities; Leila Harrison, assistant dean for admissions and recruitment; Joshua Jacobs, chairman of medical education and clinical sciences; Andrew Richards, technology incubator officer; Santiago Toro-Posada, director of curriculum accreditation and management; and Randi Wasik, associate dean of administration, finance and strategy.

 

April 4 / Spokane ranks third on best-cities list

Reward Expert Inc., a New York-based travel service provider, said it has ranked Spokane third in what it calls the Pacific West region on its list of Best Mid-Sized Cities to Visit in 2017. In the region, which includes Washington, Oregon, California, Hawaii, and Alaska, Eugene, Ore., and Ventura, Calif., ranked ahead of Spokane, while Santa Rosa, Calif., and San Mateo, Calif., finished behind it.

 

March 29 / STA tax hike goes into effect

The Spokane Transit Authority said the first part of the transit sales-and-use tax increase that voters approved last fall would go into effect on April 1. The one-tenth of 1 percent increase is effective in Spokane County’s transit service area, which includes most of the county, and will fund service expansion and a number of projects. Another one-tenth of 1 percent tax increase is scheduled to go into effect April 1, 2019.

 

March 29 / Cd’A mining company completes placement

Coeur d’Alene-based New Jersey Mining Co. said it has completed an $850,000 private placement, which involved investments from company President and CEO John Swallow, H&H Metals Corp., and “one strategic individual investor.” The private placement follows a smaller, $427,500 private-placement round that the company closed earlier this month.

 

March 28 / Kimmel Athletic Supply acquired

Kimmel Athletic Supply, the Spokane-based longtime regional supplier of sports equipment and school team apparel, was acquired by BSN SPORTS, a Dallas-based company that claims to be the leading marketer, manufacturer, and distributor of such products. Terms of the transaction weren’t disclosed, but BSN said brothers Jim and Paul Kimmel will be joining the management team at BSN, which has more than 2,000 employees and claims to serve more than 100,000 institutional and team sports customers.

 

March 28 / County unemployment rate falls

The Washington state Employment Security Department said Spokane County had 580 fewer jobs in February than January, but about 4,600 more jobs than in February of 2016. The unemployment rate for the county came in at 6.8 percent, down from 7 percent in January and from 7.5 percent in the year-earlier month.

 

March 28 / HomeStreet opens commercial lending office

Seattle-based HomeStreet Bank said it has opened a commercial lending branch on the 14th floor of the Wells Fargo Center, at 601 W. First in downtown Spokane. The company, which already operates a home loan center here, said it also plans to open a retail branch downtown later this year.

 

March 27 / City hires pay-by-phone parking vendor

The city of Spokane said it has hired an interim vendor, Charlotte, N.C.-based Passport Inc., for its pay-by-phone parking meter service. The city began testing the pay-by-phone app that day along a stretch of Main Avenue downtown, then began using it citywide on April 3. Passport is used in other cities such as Boston, Toronto, Detroit, and Vancouver, British Columbia, and also recently signed a contract with Portland, Ore.