Office Hours archive for March 2012



AmericanWest Bank not only solvent, but in a buying mood

AmericanWest Bank, based in Spokane, has acquired Southern California-based Security Business Bank, in a deal involving a cash payment of $26 million. Security has four locations in San Diego. This is AmericanWest's first move into Southern California. Scott Kisting, chairman and CEO of AmericanWest Bank,...

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MONDAY, MARCH 26, 2012

FRIDAY, MARCH 23, 2012


Boeing executive to speak next fall in Spokane

James Albaugh, president and CEO of Boeing Commercial Airplanes, will be the keynote speaker at Greater Spokane Incorporated's annual meeting Sept. 12. Albaugh was president and CEO of Boeing Space and Communications from 1998 to 2002. In 2002 he became president and CEO of Boeing...

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Inland Power and Light names new CEO

Inland Power and Light of Spokane has selected Chad Jensen to be CEO of the cooperative starting May 21. Jensen is vice president at Lower Valley Energy, an electric cooperative in Afton, Wyo. He has been with Lower Valley Energy for 22 years and has...

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Finding liquor retailers in Spokane: handy online map at

Wednesday's major SR business story is the summary of the variety of retailers (90 and counting) planning to sell booze come June 1, when I-1183 takes effect. Here's an online map, tooled by the SR's Mike Tigas, that displays those 90 stores: Also worth...

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Washington jobless rate dips to 8.2 percent last month

Washington gained an estimated 4,200 jobs in February, adding to the state’s gradual climb up the employment ladder, the state’s Employment Security Department said today. The seasonally adjusted unemployment rate dipped to an estimated 8.2 percent in February, down from a revised rate of 8.4...

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U.S. builders start fewer homes but permits jump

U.S. builders started work on slightly fewer homes in February. But they began laying the ground work for a turnaround later this year by requesting the most building permits in any month since October 2008, the Associated Press reports. The Commerce Department said today that...

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Bernanke revisiting college life this afternoon

Federal Reserve Chairman Ben Bernanke is taking a break from his day job this afternoon to revisit the academic life he led before coming to Washington a decade ago. He’ll stand before a class of George Washington University undergraduates and give the first of four...

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Federal lab in Richland to lay off 45

The Pacific Northwest National Laboratory plans to lay off 45 employees this week. The cutbacks are in order to adjust to the latest federal budget approved in December, the Associated Press reports. The Department of Energy national lab based in Richland employs 4,758 people and...

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MONDAY, MARCH 19, 2012

Small business tax cuts to take effect in 2013

If you own a small business and have yet to do your taxes, the U.S. Small Business Administration has some good news.There are 17 small-business tax cuts already signed into law and an additional five are proposed for 2013, the Tri-City Herald reports. "These tax...

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On The Money: Sources for seasonal work

Temporary or seasonal work can provide a bridge for individuals looking for employment while between jobs, recent college graduations, or people interested in a new challenge. Seasonal jobs offer opportunities in a wide variety of fields. If you’d like to explore seasonal work possibilities, check...

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Wasden recovers a record $8 million for Idahoans

Idaho Attorney General Lawrence Wasden today released his annual Consumer Protection report for 2011. His office recovered a record $8 million in consumer restitution last year. In addition, the Consumer Protection Division recovered $2.5 million in penalties, fees and costs; received more than $24 million...

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Starbucks opening Evolution Fresh juice store

SEATTLE — Starbucks Corp. is pushing beyond coffee with the opening of the first Evolution Fresh Inc. juice store, the company said today. Starbucks, which is looking for new businesses for growth, purchased the California-based juice maker in November for $30 million. Evolution Fresh had...

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Opponents try to cut off liquor privatization

KELSO, Wash. — A judge is hearing arguments over whether voters would have approved an initiative to privatize liquor sales in Washington if it had not included a provision for public safety funds. The entire measure would be nullified if the court determines that voters...

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SUNDAY, MARCH 18, 2012

FRIDAY, MARCH 16, 2012

Coming Sunday: Royal treatment

This weekend in Sunday Business, Michael Guilfoil interviews Fery Haghighi, who operated Au Croissant bakery and café for 15 years before closing it to focus on Fery’s Catering. Read her Cinderella-like story, including her childhood growing up in a prominent Iranian family, and learn about...

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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