Eastern Washington’s population and economic center is Spokane County. Spokane’s economy survived the Great Recession and emerged more diversified. Spokane’s recovery is being led by five industries: advanced manufacturing, health services, finance/insurance, transportation/warehousing and education. Without the advantage of mega employers, these five industries have medium-sized employers that are flexible and efficient in their markets. The region is home to more than 500 manufacturing businesses; distribution centers for PepsiCo, American Tire Distributors and Caterpillar Logistics Services Inc.; and health care providers such as Providence Sacred Heart Medical Center & Children’s Hospital. High-tech companies in manufacturing, scientific and technical industries are creating new jobs and expanding the economic base. Steady growth is predicted to continue in the near future.Spokane County is also home to Greater Spokane Inc., which connects businesses to valuable relationships and resources. GSI provides a wealth of information and resources to entrepreneurs, including a relocation guide, data and statistics, educational and networking events, and ambassadors. For more information on the economy in Spokane and other business resources, visit www.greaterspokane.org.The median age in Spokane County is about 37 years old, which means the workforce skews slightly older. Median household income in the county is $50,550, according to the U.S. Census Bureau. There is no state income tax.Rail and Transit AccessThe Greater Spokane area’s highway and rail infrastructure connect it to the global marketplace. Interstate 90, which runs through the heart of Spokane, is a major commuting route for eastern Spokane County and northern Idaho. This strategic freight corridor is the northernmost east-to-west, coast-to-coast interstate. The North Spokane Corridor is a nonstop arterial across the city linking Interstate 90 to the south with U.S. Route 395 to the north. Additional major highways that connect the region to outside markets include U.S. Highway 2 (to Everett and Newport, Washington), U.S. Highway 95 (to Canada and Mexico), U.S. Highway 195 (to Lewiston, Idaho) and U.S. Highway 395 (to Canada).Rail access is provided by the Union Pacific and Burlington Northern Santa Fe railroads. These rail services ship nationally from the shipping yard in Spokane Valley. The area serves as a gateway to and from the interior U.S. and Pacific Rim, with east-west access and reciprocal switching capabilities that few other regions can offer.Natural ResourcesWith agriculture as one of the region’s most important industries, it’s not surprising that nature itself is one of Spokane’s most valuable natural resources. In fact, Washington is the nation’s leading producer of apple juice and the second-largest wine producer. Spokane County boasts the second-highest number of farms in Washington, with about 2,500.The climate and geography are ideal for agriculture but also offer numerous recreational pursuits. The area has miles of trails for hiking and biking, many in lush forests; rock formations perfect for climbing; lakes and rivers ideal for water sports; and more than 30 golf courses, surrounded by stunning landscapes.Fairchild Air Force BaseWith thousands of employees, Fairchild AFB is the largest single-location employer in the region, according to Greater Spokane Inc. The workforce includes more than 6,000 active-duty personnel, Air National Guard, Army National Guard members and civilian members. The base had a total economic impact of nearly $420 million and created more than 2,300 jobs, according to its 2015 Economic Impact Statement.
Barco just introduced its new generation RGB laser rear-projection video walls for the mission-critical control room market. According to the company, the Barco RGB Laser ODL series was introduced in 2016 and has been the flagship solution ever since. With the introduction of this newest generation laser engine, the ODL series now gets a major update.The high-brightness RGB Laser engine allows control rooms to operate in the optimal conditions for the end users. The unique Sense X calibration system automatically and continuously adjusts brightness and color over the complete wall during the entire lifetime, making sure the displayed images reduce eye fatigue in 24/7 applications. Additionally, no heat is radiated out of the screens, further optimizing the ergonomics for the operators and simplifying the room temperature control systems.The laser engine introduces new laser banks, improving the light source lifetime in different operational modes. The accompanying WallConnect software has further evolved, improving the user experience during setup, configuration, operation and maintenance. Along with the ODL-series’ motorized seven-axis alignment, this makes the installation process smoother and more straightforward. The system is also ready for remote management and monitoring, optimizing the availability and lifetime within the mission-critical environments.The new engine will be available within the full RGB Laser portfolio, covering 70” to 80” sizes and supporting both FHD and SXGA+ resolutions. Multiple screen options are available to deliver the optimum result depending on the application, control room environment and budget.Existing customers can upgrade their installed base of lamp and LED cubes, which means a complete technology refresh can be accomplished while keeping the mechanical structure and screens. This lowers the cost and timeframe of the refurbishment and reduces waste and can often be accomplished without any operational interruption. Being able to upgrade video walls (running already for more than 10 years) with the latest projection technology at a reduced cost — for another 10 years of service — is a crucial advantage of rear projection.See related Barco Projectors Take Guinness World Record Title for Largest Projection of a Video GameThe ODL series also received the “Barco Eco Product label A” as it further reduces the environmental footprint. Barco’s stringent eco-scoring scores energy efficiency, material usage, packaging/logistics and end-of-life processes in line with ISO14021 standards.The next generation RGB Laser ODL series are available for shipments starting August 2020.
BIMCO says that the “landmark decision” cements its move into the domain of ship financing.As a specialist in the production of standard contracts and clauses for the maritime industry, BIMCO’s president Philippe Louis-Dreyfus said that it is “only natural that its documentary activities also cover ship financing – an issue which has become increasingly important and challenging over the years, not least because of the current financial crisis”.The term sheet has been drafted as a short and simple standard for use in bilateral ship financing transactions concerning term loan facilities. It has been prepared in the well-known BIMCO format and is indicative/non-binding, as this is considered to be the market standard.BIMCO says that the standard will be an important tool for shipowners, banks and lawyers when they draw up term sheets as part of ship financing transactions. The organisation added that the standard will be particularly useful for small and medium sized companies, who may not have a lot of experience with such transactions.BIMCO’s deputy secretary general Søren Larsen commented: “For decades it has been BIMCO’s strategy to provide contracts and clauses covering each niche of the shipping market.”As well as a subcommittee, a sounding board was set up to enable a broader group of stakeholders to comment on the draft. The sounding board consisted of more than 50 representatives of banks, shipowners and lawyers. They received the draft twice during the process and returned a substantial number of comments and drafting proposals, said BIMCO.The term sheet has been developed by a subcommittee composed of representatives of the following five banks, five shipping companies and three law firms: Citibank; Deutsche Bank; HSBC; Industrial and Commercial Bank of China; INGEPAR; BW Maritime; Compagnie Maritime Belge; Dampskibsselskabet NORDEN; Klaveness Chartering; Louis Dreyfus Armateurs; Hannaford Turner; Linklaters; and Watson Farley & Williams.The term sheet will be published in early 2017, when the subcommittee has had the opportunity to consider certain issues raised at the meeting and explanatory notes to its individual provisions have been prepared.BIMCO explained that a series of seminars and a webinar to inform about the new standard will be announced shortly.The Documentary Committee also approved that a standard term sheet for syndicated loans should be developed. Work to this effect will start in the coming months. www.bimco.org