Manufacturing

Distribution space is in high demand across the Inland Northwest

Developers add 4.5M square feet of space in INW industrial market

August 12, 2021

Spokane is booming with new manufacturing and distribution warehouse space as developers attempt to seize on the area's most in-demand commercial sector.

Continuous Composites secures $17M in financing

Company looks to double workforce within the year

July 29, 2021

Natasha Nellis

Coeur d'Alene-based additive manufacturer Continuous Composites Inc. has secured $17 million in funding that CEO Tyler Alvarado says will help the company double its workforce and bring its product to market within the next year. The financing round

Medical diagnostics developer prime for growth

COVID, telemedicine may spur GenPrime's market

July 29, 2021

Kevin Blocker

Before the arrival of COVID-19, privately held Spokane-based biotechnology company GenPrime Inc. started developing a digital reader and mobile application that could read diagnostic tests more quickly and accurately. Now, between the pandemic and

Executive Pay sees double-digit increase

Leadership changes, strong market performances lead compensation escalation throughout pandemic

July 29, 2021

Linn Parish

Executive pay at Inland Northwest-based publicly traded companies increased by double digits during the pandemic year of 2020, a Journal of Business analysis has found. The surge in total compensation for executives occurred during an unusual

Pacific Steel plans new facility in East Spokane

Current building is in path of North Spokane Corridor

July 15, 2021

Natasha Nellis

Montana-based Pacific Steel & Recycling plans to move its Spokane operations to a new two-building complex the company is constructing in East Spokane.

Hemmingson's Triumph: Lakeside Capital buys Triumph Composite plant

Group plans to convert 50-acre West Plains site into manufacturing hub

July 15, 2021

Kevin Blocker

Wanting to generate long-term, high-paying manufacturing jobs in the Inland Northwest, a company led by veteran businessman and philanthropist John J. Hemmingson has acquired Triumph Composite Systems Inc.'s nearly 50-acre parcel of land and

Jubilant HollisterStier broadens its expansion plans in East Spokane

Pharmaceutical company to double capacity by 2024

June 17, 2021

Natasha Nellis

Jubilant HollisterStier plans to invest $92 million to expand its existing facilities in North Spokane and double its capacity, broadening the scope of an expansion the company first disclosed late last year.

Spokane manufacturers expect long lead times into 2022

Supply issues coupled with steady demand contribute to backlogs

June 17, 2021

Virginia Thomas

Some manufacturers here say that demand for their products remains high, but they expect to experience ripple effects of the COVID-19 pandemic into 2022.

Gold Reserve cuts executives' pay for $1 million-plus savings

Cost cuts to be spread over three-year period

June 3, 2021

Kevin Blocker

The president of Gold Reserve Inc. and two other executives have taken voluntary salary cuts even though the company is debt free and has $60 million in working capital.

Motor maker Infinitum Electric looks to expand into Spokane

Company raises $40M in funding to ramp up its technology development

June 3, 2021

Natasha Nellis

A Texas-based developer of an air-core motor is planning to expand research and development operations to Spokane this year. Infinitum Electric develops lightweight, high-performance electric motors for use in commercial and industrial products and plans