The following is a roundup of regional economic news compiled by the Idaho Department of Labor during April.
NORTHERN IDAHO
Benewah, Bonner, Boundary, Kootenai & Shoshone counties
Regional Developments
- Three of four school district levies in northern Idaho were approved in March. West Bonner School District was the one coming up short. Its $3.5 million one-year levy failed. Passing were the Wallace School District’s $4 million levy for two years, the Kellogg School District’s $5.56 million levy for two years and the Lakeland Joint School District’s $4.8 million-a-year levy for two years.
- Nebraska-based West Corp., which hired about 200 call center employees in Spokane last year, is moving forward with a smaller wave of additional call center hiring. Over the next several months, West Corp. will add 30 employees to its Spokane Valley location. The company currently has about 650 employees in downtown Spokane and 330 in Spokane Valley. A portion of the company’s hiring is seasonal – usually around the holidays.
- Rivercrossing LLC, an affiliate of Liberty Lake-based real estate development company Greenstone Corp., plans to build 282 homes in two new subdivisions. The combined value will be over $50 million in the city’s River District. The homes are likely to range in price from $200,000 to $280,000.
- Sportsman’s Warehouse, the Utah-based national outdoor recreation and sporting goods chain, plans to re-enter the Spokane market with a new North Side store. New Sportsman’s Warehouse stores hire an average of 50 employees.
- A New York company has paid $4 million to purchase the assets of ReliOn Inc. of Spokane, which produces fuel cell systems. The 45 jobs will remain in Spokane. ReliOn originally was a subsidiary of Avista Corp. It was launched in 1995 as Avista Laboratories before spinning off as a privately held startup.
- Federal bank regulators have approved the merger announced last year of Umpqua Bank and Spokane-based Sterling Financial Corp. Umpqua is paying about $1.9 billion in stock for Sterling, the largest financial institution headquartered in Spokane County. Sterling has around 660 area workers and more than 2,600 across the service area, which includes Idaho, Oregon and California. It has 176 branches in those states and Washington. As of Dec. 31 Sterling Financial Corporation had assets of $10.3 billion.
- Rockwood Clinic PS of Spokane plans to open a primary care clinic and has started renovating a 4,800-square-foot space in a strip mall in Spokane Valley.