Spokane Journal of Business

Local News

Daines’ company waits out technology slump

World Wide Packets, of Spokane, found itself within the fallout radius of the technology-industry meltdown last year, and since then has been trying to wait out what founder and CEO Bernard Daines describes as a nuclear winter.He remains in...

Water features oceans apart

The story of a Spokane venture started by a self-described homebody begins a half a world away.It was early 2000 when Pete Smith founded the business, called Mainstream Watergarden Construction, out of his Spokane home. Instead of relying on and...

ICT Group hiring 100 in Valley

ICT Group Inc.s big Spokane Valley call-center operation is in the process of hiring 100 additional workers here to handle customer relations for a new nationwide wireless-telephone service thats being launched by Virgin Group, the quirky and a...

Development process improves

Though the regulatory maze remains tortuous for some, developing property in the Spokane area appears to be getting easier, industry and government officials say.That may be most evident in comments by developers, contrasted by time.Its a...

Avista: ‘Enron used us’

After first claiming that it had no record of involvement in suspect power-trading schemes, Avista Corp. has told the U.S. government that it was used by Enron Corp. in the Death Star power-trading strategy in April, May, and June made the...

Investors plan loft condos downtown

A small group of Spokane investors is buying an older, four-story building downtown and plans to redevelop it into about a dozen loft condominiums.Steve Thosath, one of the investors, says the group expects to close shortly on the purchase of at...

South Hill retail outlet planned

LOI Distributing Inc., a Lakewood, Wash.-based discount retailer that operates the Dollar Store chain, plans to open its third store here and is looking into eventually opening three more outlets in the Spokane-Coeur dAlene area.Bill LOI vice...

Former Avista executive starts training venture

A former Avista Communications executive has launched a Post Falls company that provides training in telecommunications technologies. The company, Northlight Institute of Technology Inc., was founded by Terry Jett, who previously was vice of for...

Hecla hopes to get rid of $8 million dividend

Hecla Mining Co., of Coeur dAlene, would cut its annual obligations by $8 million if it succeeds in persuading holders of its Series B cumulative convertible preferred stock to exchange their shares for common stock.Hecla announced June 13 it...

FirstBank plans loan office here

FirstBank Northwest Corp., a Lewiston-based bank that opened a branch office in Liberty Lake in 1999, plans to open a commercial-loan center near downtown Spokane this summer.FirstBank plans to open the center at the beginning of August, and or...

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