Lakeside Companies, a leader in real estate, agriculture, and community development has announced the appointment of David Weeks as Chief Executive Officer. David succeeds John Hemmingson, founder of Lakeside, as he transitions to the role of Chairman.
The Journal of Business has named John J. Hemmingson as its 2025 Business Leader of the Year.
An entrepreneur, business executive, and philanthropist, Hemmingson is the co-founder and CEO of Lakeside Companies., which spans multiple business sectors, including education, aerospace, real estate, construction, agriculture, and more. The longtime Spokane businessman will be recognized with the award at the Journal’s Business of the Year Awards event, which will be Wednesday, March 26, at the Spokane Club.
The American Aerospace Materials Manufacturing Center (AAMMC) announced today that the Testbed and Training Center will become a reality through the U.S. Department of Commerce Tech Hub award and industry commitments of over $50 million. This funding will establish a world-class, first-of-its kind testbed for advanced aerospace materials in the Inland Northwest. A partnership of industry and government engineers will advance high-rate manufacturing on equipment that is larger and more capable than any existing infrastructure for advanced composites manufacturing technologies.
No region is better equipped than the Spokane-Coeur d’Alene region to meet the unprecedented global demand for equipping 40,000 new airplanes with lightweight aerospace parts that reduce carbon emissions. Within a few years, the Inland Northwest based AAMMC Tech Hub can have prototypes ready for testing and eventual high-rate production, enabling American suppliers to fulfill these orders and lessen our growing reliance on foreign technology and foreign manufacturing.
“This partnership has worked for two years on this plan to enable this region to lead the country and the world in the next generation of aerospace parts and reverse the trend toward foreign manufacturing. By establishing this capability in the Inland Northwest at the heart of the I-90 aerospace corridor, we are bringing together the right resources in the right region to create a critical capability for our country,” says John J. Hemmingson, CEO of Lakeside Companies, one of the leading consortium members.
Read the full press release on the AAMMC website here.
Portfolio company ATC Manufacturing was recently honored to be featured in CompositesWorld as a 2024 Top Shop for composites manufacturing with an article highlighting ATC’s contributions to advanced thermoplastic composites. The article showcases ATC’s legacy of innovation, detailing how the company’s cutting-edge materials and manufacturing techniques have helped drive progress in aerospace manufacturing.
“Our focus is on high-rate, cost-saving applications where thermoplastics can really shine,” explains ATC business development manager Jason Merrifield. “Picture stamping out a new part every few minutes versus laying up and curing parts; it’s a more efficient process….When we talk about aerospace parts at automotive rates, thermoplastics are definitely a candidate for that because you can scale up quickly,” says Merrifield. “Anywhere you have a high volume of parts, that’s where thermoplastics really excel.”
Read the full article on CompositesWorld to learn more about our journey and the innovations shaping the future of thermoplastic composites.
The Spokane Journal of Business has announced ’24 People of Influence for 2024′ that are decision makers in the Spokane Coeur d’Alene region who are actively working to improve quality of life in the Inland Northwest. Our CEO, John J. Hemmingson, has been selected for his industry leadership and significant philanthropic contributions to the Spokane-Coeur d’Alene region.
47 Member Consortium Grows as Inland Northwest Consortium Prepares for Phase 2 Competition. The Spokane-Coeur d’Alene region has officially been designated as a Regional Technology Hub by the U.S. Department of Commerce’s Economic Development Administration (EDA). The American Aerospace Materials Manufacturing Center (AAMMC) is now one of 31 Hubs nationwide eligible to compete for Phase 2 of the CHIPS Regional Innovation Hub grants of $50-$75 million.
Leading aerospace companies and research universities have joined nearly 50 area workforce training, venture capital, economic development, labor, tribal and government groups in the Inland Northwest to support establishing the American Aerospace Materials Manufacturing Center (AAMMC). If selected, the AAMMC tech hub will establish a world-class testbed for production, commercialization, and entrepreneurship in the Inland Northwest.
ATC Manufacturing, a Lakeside company, has been chosen as a key partner on NASA’s Hi-Rate Composite Aircraft Manufacturing (HiCAM) project. As a key member of both the HiCAM project and the Advanced Composites Consortium, ATC will continue to lead advancements in sustainability, durability, and performance for the aerospace and high-performance materials industries.
We are thrilled to share that the Coeur d’Alene City Council approved the annexation of Coeur Terre, a 440-acre mixed-use development on the western edge of Coeur d’Alene. After a decade of planning, this annexation marks a significant milestone for our subsidiary company, Kootenai County Land Company.
Aligning with the City of Coeur d’Alene’s comprehensive plan, adopted in 2022, Kootenai County Land Company held numerous meetings with 13 agencies, 26 departments, multiple special interest groups, as well as neighborhoods and individuals. This collaborative approach has been essential in crafting a well-planned development.
Coeur Terre will feature up to 2,800 housing units, businesses, shops, restaurants, 18 acres of public parks, a central landscape corridor, over 4 miles of trails, and land designated for two public schools. The development aims to provide a high quality of life for residents while supporting local economic growth.
With a buildout period of 20-30 years, Coeur Terre is committed to offering a mix of housing types including deed-restricted professional workforce. Additionally, a new police substation will be established to enhance safety by keeping officers in the community.
As part of the Lakeside Companies family, Kootenai County Land Company is excited to see the vision of Coeur Terre come to life in the years to come and making a positive impact on the community.
Stay tuned for more updates on the Coeur Terre development and thank you for your continued support.
The Triumph Composites project remains in the planning and development stages. Our goal with this project remains the same; to find the best long-term use of the existing building and surrounding acreage that supports job retention and growth in the Spokane region.
