Spokane Journal of Business

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State workforce programs said showing good results

Washington state’s workforce development services are performing well overall, says a report released earlier this year by a state agency called the Workforce Training & Education Coordinating Board. Most of the state’s workforce training program...

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Hotel promoters here predict some pain before gain

The Spokane-area hospitality market could take up to five years to absorb all of the new rooms that the new convention center hotel will add to it when the 715-room establishment opens downtown in the summer of 2015, lodging and tourism promoters says. I...

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Framework Meetings is expecting solid growth in 2014

Coeur d’Alene-based Framework LLC, which does business as Framework Meetings & Destinations, expects to book more than 50 corporate training events and meetings and more than 120 other events throughout the U.S., say co-owners Wendi Haught and Scott She...

Owner plans to spruce up Holiday Inn near airport

BHG Hotels LLC, the Wilsonville, Ore.-based company that owns the Holiday Inn Spokane Airport, at 1616 S. Windsor, plans to renovate the 80,000-square-foot hotel’s two meeting spaces, 122 guest rooms, main lobby area, and its in-house restaurant, Peppe...

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New Valley events center operator looks to revive U-City space

Glover Mansion Events LLC, of Spokane, owned by Bob Adolfson and his wife, Kimberly Coy, has opened a new event center in Spokane Valley, and Adolfson says it has gotten off to an encouraging start. The Spokane Valley Event Center is located at 10514 E. ...

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SBA lenders predict volume rebound in 2014

Some lending institutions that are among the leaders here in originating U.S. Small Business Administration-backed loans are anticipating renewed interest from borrowers this year, following a dip in total loan volume in the SBA’s Spokane district in 20...

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Lenders play by new ability-to-repay rules

Spokane-area banks and credit unions are adjusting to new federal residential mortgage lending standards that require federally insured lenders to take additional steps when collecting a borrower’s financial information and calculating ability to repay ...

Banner’s net declines for quarter, all of 2013

Banner Corp., the Walla Walla, Wash.-based parent of Banner Bank and Islanders Bank, has reported fourth-quarter net income of $11.6 million, or 60 cents a diluted share, a decrease from $13.3 million, or 69 cents a share, in the year-earlier quarter. ...

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Secured Investment Corp. to franchise Cogo Capital

Secured Investment Corp., the Coeur d’Alene-based private-money lender, plans to start franchising its young retail subsidiary, Cogo Capital LLC, in an effort to increase its loan volume more quickly. Not quite 1 1/2 years old, Cogo Capital has corp...

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AmericanWest Bank grows loans, eyes more acquisitions

Spokane-based financial institution AmericanWest Bank has experienced an organic loan growth rate of about 10 percent a year for the last two years, which is double the industry standard, claims CEO Scott Kisting. The bank also has extended a total of ...

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