Spokane Journal of Business

Special Report


Mild recession likely would restrain job growth

Whether we’re headed for a recession or a soft economic landing, little or no job growth is expected in 2023. Grant Forsyth, chief economist at Avista Corp., says employment growth started to slow early this year, and that slowdown has continued ...


Cybersecurity, workforce top concerns for tech

Cybersecurity, privacy and data storage, technology workforce issues, and cloud migration are among the top tech concerns businesses are expected to face in the new year, says Heather Stratford, founder and CEO of Drip7 Inc., a Spokane-based cybersecurity...


Positive early outlook projected for Washington’s ag industry

The La Niña weather pattern is delivering adequate precipitation going into 2023 for some of Washington state’s leading crops, some industry experts say. According to a report from Northwest Farm Credit Services, the 12-month forecast for some of ...


Financial institutions brace for potential recession

Financial industry representatives here say that deposit volumes are expected to decrease as consumers and businesses struggle with inflation, and many signs point to a recession developing in 2023....


Inland Northwest health care systems look to stabilize

Moving into 2023, major health care systems in Spokane are projecting continued financial losses while working to stabilize margins after struggling through two years of COVID-19 surges, ongoing shortages of medical personnel, and rising costs. ...


Demand, prices for wood products expected to slow further

The wood products industry is likely to see a cooling of market volatility in 2023 as demand slows due to inflation and interest rate increases, experts say. Tim Borg, general manager at the Spokane offices of Texas-based supplier and manufacturer of ...


Retail sales likely to decelerate after strong showing

Retail sales in Spokane are expected to slow in 2023 after strong showings the last couple of years which were buoyed by pandemic relief funds, says Patrick Jones, executive director of the Institute for Public Policy and Economic Analysis at Eastern ...


Idaho mining execs optimistic about the future

Inland Northwest mining industry representatives are optimistic about mining in the coming year and beyond. Coeur d’Alene-based Hecla Mining Co., which is the largest silver producer in the U.S., recently agreed to acquire all outstanding stock in ...


Tourism forecast is mixed for 2023

Spokane’s tourism and hospitality industry has thrived in an explosion of post-pandemic demand, but the market is expected to be quieter in 2023. Meg Winchester, president and CEO of Visit Spokane, says tourism here has been strong in every category ...


Spokane Urology expands with demand

A private-practice urology clinic in Spokane is establishing a Spokane Valley location and is building an outpatient surgery center at its main office in the Iron Bridge Corporate Campus, in East Spokane....

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