Spokane Journal of Business

Local News

Lenders here shift efforts based on Fed rate cuts

The rumbling effects of the Federal Reserves interest-rate reductions are changing the landscape for Spokane-area lenders.As the Feds rate cuts in 2000 and 2001 have pushed housing starts to record levels, theyve fueled demand for and you...

Credit unions target commercial lending

Seeking ways to expand their banking offerings, three of Spokanes biggest credit unions are stepping up their commercial lending efforts.Spokane Teachers Credit Union expects this spring to launch a business services department and roll out a...

Cheney fiber project approaches next phase

The city of Cheney, which began installing a citywide high-speed fiber-optic network last year, has selected a contractor to implement the second phase of that project, which includes linking businesses and residences to the system.It has a to...

High-rise condos proposed

North Idaho real estate executive Brad Jordan is making plans for a high-rise condominium-and-office project near Coeur dAlenes city center.Current plans call for a 10-story project that would include 42 mid-priced condominium units, three...

Sterling enters Seattle corporate-banking fray

Sterling Savings Bank, of Spokane, has opened a corporate-banking office in downtown Seattle, employs three staff members there now, and expects to employ eight by the end of the year as it strives to plumb the market in the center of Washingtons...

Assisted-living project well under way in Cd’A

COEUR DALENEA new company is building an assisted-living facility here that it hopes will be the first in a chain of five such operations in the Northwest.The company, Four Seasons Assisted Living LLC, already has completed the first of at...

County’s retail salesgrew in third quarter

Taxable retail-trade sales rose 5.3 percent in Spokane County and 5.1 percent in the city of Spokane during the third quarter of 2002.The county logged retail-trade sales of $823 million, up from $782 million in the third quarter of 2001, and 5...

Met faces IRS challenge

Metropolitan Mortgage & Securities Co., the big Spokane-based financial-services company, is being challenged by the Internal Revenue Service over a $28 million tax benefit it claimed on an investment loss.The company disclosed in its most in a...

Seeking an MBA in a tough economy

Dan Morris doesnt know exactly where he wants to be in the future, but thinks he knows precisely what he needs to have to get there.The 32-year-old is working full time as a project manager at Spokane-based Itron Inc. and is attending Gonzaga...

Economic slump keeps seniors closer to home

As many Americans retirement wealth has fallen during the last two years, some older residents here have curbed plans theyd made for their sunset years.Retirement-industry and elder-service experts here say the sour investment market among...

Sign up for our E-mail updates

including the
Morning Edition

Join our list