Spokane Journal of Business

Local News

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Health care system to continue to be challenged

While Washington state officials say the first COVID-19 vaccinations will be available to select groups of residents this month, local health care officials say there will continue to be areas of uncertainty heading into next year. ...

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Wood products pricing volatility likely to persist

A year marked by high demand, supply constraints, and mercurial commodities pricing likely will lead to continued volatility for at least the first half of 2021, some wood products industry observers say. Joel White, executive officer of the Spokane Home...

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Gains expected in much of Inland Northwest

Real estate in Spokane stayed surprisingly strong in most sectors through the pandemic, say industry observers here, with home sales and commercial real estate investment, particularly in industrial space, seeing strong growth. Rob Higgins, executive ...

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Full job recovery is possible in 2021, Spokane economists say

If a few positive steps are taken in 2021, the Inland Northwest could regain all of the jobs it lost this year, Spokane-area economists say. Such a recovery might not be V-shaped, but it would be a dramatic comeback, as Avista chief economist Grant ...

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Low interest rates, high deposits to steer finance sector

Experts here say that while financial institutions have seen increases in loans and deposits in 2020, they could feel the squeeze of low interest rates in 2021. In March, the U.S. Federal Reserve lowered the federal fund rate—the benchmark interest ...

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Spokane-area tourism to remain dormant through mid-2021

The tourism industry here expects to see some signs of recovery in 2021 from the stifling effects of the COVID-19 pandemic, but likely not until midyear. Meg Winchester, president and CEO of Visit Spokane, says that by all accounts, 2020 was shaping up ...

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INW mining industry looks ahead with optimism

The mining industry in the Inland Northwest and throughout the U.S. shares some guarded optimism looking forward to 2021 and the incoming presidential administration, says Mark Compton, executive director of the Spokane-based American Exploration & Mining...

Gestalt Diagnostics reports triple-digit growth

Gestalt Diagnostics LLC is on track to double its annual revenue this year and expects to see strong growth again next year. Dan Roark, CEO of the Spokane-based maker of software for pathologists, says, “In 2020 we are on track … for 100% growth. ...

270-lot project planned in Liberty Lake

A 60-acre site just north of Mission Avenue in Liberty Lake is envisioned as the future home of a new mixed residential development, according to documents filed with the city’s planning and building services division. A notice of application shows the...

Tamarack Aerospace adds third installation center

Sandpoint, Idaho-based airplane winglet maker Tamarack Aerospace Group Inc. has opened an installation center in Aiken, South Carolina, marking its third expansion this year. The new space, which was developed through a partnership with Aiken-based ...

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