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The Colorado Transportation Commission announced nearly $21 million will be spent on statewide and regional transit projects over the next three years. The funding, provided through the Funding Advancement for Surface Transportation and Economic Recovery, allows Colorado Springs to replace 34 vanpool vehicles, and maintain Front Range Express commuter buses. El Paso County was awarded… Continue Reading $21 million awarded for statewide transit projects

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McDonald Transit Associates, Inc. was selected as the new fixed route bus service provider for Colorado Springs and the Pikes Peak Region. Service is scheduled to begin in January 2011. According to Mountain Metropolitan Transit, the negotiated cost of $6 million will cover service for 2011, the first of five option years available in the… Continue Reading City bus service contract awarded to McDonald Transit

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James Justus has been president of Olive Real Estate Group since 1996, which specializes in investment and vacant land deals. He has been involved in commercial real estate for more than 30 years, representing local clients as well as Fortune 500 companies. The last couple years have been pretty tough on everyone with the economy.… Continue Reading Justus: Distressed-property absorption key to recovery

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Army extends comment period on aviation brigade

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The Army has extended the period for public comment regarding placement of a Combat Aviation Brigade. Just two days after Congressman Doug Lamborn and Colorado Sens. Mark Udall and Michael Bennet sent a formal request to extend the Dec. 20 deadline, the Army said it will allow public comment until Jan. 7. The Army has… Continue Reading Army extends comment period on aviation brigade

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Colorado Senators Mark Udall and Michael Bennet joined Congressman Doug Lamborn in requesting an extension of the Army’s deadline for public comments regarding placement of a Combat Aviation Brigade. In a Dec. 13 letter to Lt. General Daniel Bolger, the legislators acknowledged the time-sensitive nature of the decision, while pushing for an extension of the… Continue Reading Sens. seek deadline extension on Fort Carson Aviation Brigade idea

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Colorado provides tens of millions of dollars in tax subsidies each year, but produces minimal information for taxpayers about who receives the support. A report from Good Jobs First shows Colorado earned a “D plus” grade for disclosing tax subsidies, after researchers determined the vast majority of recipients are not disclosed online. The largest subsidy… Continue Reading Colorado earns a ‘D+’ for disclosing tax breaks

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Colorado agricultural exports jump 28%

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Colorado’s agricultural exports rose $169 million or 27.7 percent during the first nine months of 2010 compared to the same period in last year. The total value of exports jumped to $778 million from $609.2 million in 2009. Each of the top agricultural sectors in the state reported an increase in the first three quarters of… Continue Reading Colorado agricultural exports jump 28%

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Ski resorts across the state are beginning to open for the season, and early snowfall in the mountains has those in the winter sports industry poised for a better-than-average year. Last year, despite a sputtering economy, the ski industry nationwide posted its second-best year on record, with 59.8 million skier and snowboarder visits. Colorado was… Continue Reading Early snowfall, resort upgrades stoking ski industry optimism

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Slight decline in Colorado GDP

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Colorado’s state GDP fell 0.86 percent to $231.89 billion in 2009 from $233.9 billion the previous year, according to the U.S. Bureau of Economic Analysis. The report indicated declines in state GDP, also referred to as gross state product,  for 38 states. The average decline by state was 2.1 percent over that period, making Colorado’s… Continue Reading Slight decline in Colorado GDP

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The Pikes Peak Workforce Center is sponsoring a new program that provides up to $15,000 for local companies to train employees in issues related to energy efficiency. The program is offered through a partnership between the PPWFC and the State Energy Sector Partnership. The organizations hope to encourage local companies across a wide range of… Continue Reading Workforce Center offering grants of $15,000 for green training

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