Spokane Journal of Business

Local News

Sterling plans to open two check centers

Sterling Savings Bank, of Spokane, plans to open item-processing centers in Spokane and Seattle within the next two months, allowing the bank to do its own check processing and statement printing, which it currently pays others to handle.Heidi a...

J.J. Newberry to close its last Spokane store

J.J. Newberry Co., the retail variety-store chain that had three outlets in Spokane just two years ago, expects to close the doors on its last store here, at Shadle Center this April, says Kevin Lake, the stores manager.The 19,500-square-foot...

‘Second City’ rebirth eyed on Metro Block

The downtown Metro Block, mostly vacated last year by Spokane-based Metropolitan Mortgage & Securities Co., is to be renovated into a creative business incubator that would seek to attract artists, writers, designers, and some high-tech to a is...

Pay raises were higher for entry-level workers

Entry-level workers here saw more of an increase in their starting pay last year than did their mid-career counterparts, an annual compensation survey says.Thats what we call salary compression, says Bill Sweigert, director of consulting a...

Adventurist parlays passion

When Brian Abrams runs a marathon, hes just getting warmed up.When he downhill skis, cross-country skis, runs, bicycles, and kayaks solo through each stage of an Ironman competition and wins, hes getting in shape to do what he likes. The...

Spokane lacked land for Genie

Genie Industries Inc., the Redmond, Wash.-based company that has chosen to open a plant in Moses Lake that is scheduled to employ 1,300 people eventually, considered opening its plant in Spokane, but decided against it.Genie chose Moses Lake of...

Packet pays big return here

In a bonanza fueled by the economic dynamism of the high-tech industry, the employees and local-area investors of Packet Engines Inc. received $175 million when Packet was sold recently, founder Bernard Daines says.In addition to the stock that...

Shadle Center owners rekindle upgrade plans

After several years of planning and a change in ownership, work at Shadle Center finally is expected to start in April on the first part of a redevelopment project that the centers current owners hope will spark new life at the languishing retail...

Hon unit buys assets of Colville stove maker

A subsidiary of Hon Industries Inc., the big Iowa-based office-furniture maker, has bought the assets of Aladdin Steel Products Inc., a Colville company that makes wood-, pellet-, and gas-burning stoves, says Alan Trusler, Aladdins president. the...

Mattress exec buys interest in small chain

An interest in a four-store chain of Mattress Outlet stores, including two stores here and stores in Coeur d Alene and Kennewick, is being bought by a former regional vice president of the Southern California franchise of Serta Mattress Co.Ken...

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