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Entries posted by rebecca.tonn
Rebecca Tonn has been writing for the Colorado Springs Business Journal, covering banking, finance, small business, entrepreneurialism and other subjects, since October 2007. Rebecca has a Bachelor of Arts in English from the University of Colorado at Colorado Springs, and has lived in gorgeous Colorado since 1986. When she’s not calling financial advisers, entrepreneurs or bankers for quotes, she enjoys hiking Barr Trail and the Incline, mountain biking, yoga, reading, and hanging out with her children, family and friends.

EPIIC launches grant competition

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With a little planning and paperwork, your company could be in the running for $40,000 in grants. The Business Revitalization and Innovation Competition is presented by The El Pomar Institute for Innovation and Commercialization at the University of Colorado at Colorado Springs. About 10 companies will be chosen to compete for first, second and third place. The… Continue Reading EPIIC launches grant competition

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Personal income and saving dip

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Americans are making less and saving less but spending more. During June, personal income decreased $159.8 billion (1.3 percent) and disposable personal income decreased $143.8 billion (1.3 percent), as personal consumption expenditures increased $41.4 billion (0.4 percent). These numbers are revised estimates from the statistics released July 31 by the Bureau of Economic Analysis. In contrast,… Continue Reading Personal income and saving dip

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Auto dealers warned about Cash for Clunkers

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The Cash for Clunkers – or the Car Allowance Rebate System – no longer guarantees automobile dealers that they’ll be reimbursed for cars sold. The Colorado Automobile Dealers Association has warned its members to be cautious of selling any more cars under the program, unless CARS receives additional funding. The program, which offers rebates of $3,500 to $4,500… Continue Reading Auto dealers warned about Cash for Clunkers

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Recession might have permanent, albeit small, impact on consumer attitudes American consumers were gleefully snapping up HDTVs, designer shoes and sport sedans — then the recession hit. Economists and consumers for the doom-and-gloom team have called it the next Great Depression. Optimists see the 19-month recession, the longest since World War II, as something the… Continue Reading Good ol’ American spending likely to return

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It’s time to check the pulse of Colorado’s economy — either that or there was a dearth of local financial seminars this week. Go figure. It’s July and half the city, it would seem, is on vacation. Notwithstanding, yours truly still remembers the good old days, say, last summer, when she interviewed economists who said… Continue Reading Believe it: There is a light at end of recession tunnel

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Shoppers stop shy of the drop

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Discreet is the new chic. After the stock market shocks of last year, consumers and investors were desperate to curb spending. Americans started hoarding money, foregoing what were once considered necessities. However, as the stock market shows signs of recovery, people are investing again, and even buying things other than bare necessities, such as new cars… Continue Reading Shoppers stop shy of the drop

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Colorado ranks second among the states for economic outlook and 10th for economic performance. The American Legislative Exchange Council gave the state high marks for low tax rates, competitive workers’ compensation costs and the absence of a death tax. The top five states for economic outlook are Utah, Colorado, Arizona, Virginia and South Dakota. The… Continue Reading Economic outlook survey ranks Colorado No. 2

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The disparity has existed for years, but didn’t garner as much attention until the Troubled Asset Relief Program and other “bailouts” brought executive compensation to the forefront. Continue Reading CEO, worker pay gap widening

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Hefty executive compensation packages won’t be going the way of zoot suits or high-waisted jeans anytime soon. But as the recession and bailouts have brought scrutiny to corporations and the financial industry, the future of executive compensation is changing. Company executives and directors are concentrating on “keeping their bottom line in the black,” said April… Continue Reading Evolution, not extinction, for grandiose executive pay

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Entrepreneurism is in the air. It was the week for how-to-choose-a-business-entity seminars in Colorado Springs. Here are two of this week’s take-aways — (and, yes, it’s permissible to roll one’s eyes at the euphemism.) One: It’s OK it structure your business so that you legally pay the least amount of taxes possible, according to Chris… Continue Reading Forget identity crisis, entity crisis is much, much worse

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