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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.

During a recession, one might think that business club memberships would plummet as companies cut costs – but that’s not necessarily so. Membership at many local clubs is level or has increased, despite the gloomy economy. It’s all about value proposition. If business owners can see a return on investment, they tend to keep their… Continue Reading Still value in membership

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FX makes the Street look stable

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Foreign exchange markets don’t operate like Wall Street does. It’s a global network of buyers and sellers exchanging currencies. Trades are executed via brokers or over-the-counter electronic networks. “There is no centralized trading floor,” said Correy S. Jones, vice president at Wells Fargo Foreign Exchange in Denver. Jones gave a presentation at a recent Office… Continue Reading FX makes the Street look stable

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Colorado Springs Credit Union has changed its name to Aventa Credit Union. Don’t run for Webster’s or dictionary.com. The name is made up – and meant to reflect the local friendly culture, credit union officials say. The credit union was established in 1957 as the Colorado Springs Employees Credit Union to serve utilities employees, but… Continue Reading Colorado Springs Credit Union takes new name

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‘Glimmer of hope’ for economy

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Although Colorado’s unemployment is still high and job losses are expected to continue, positive national economic indicators will likely boost the state’s small business conditions, said Vectra Bank’s Corporate Economist Jeff Thredgold. Locally, the Vectra Bank Colorado small business index measured 76.9 during April, down from a revised 78.1 during March. The index decline reflects… Continue Reading ‘Glimmer of hope’ for economy

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As a group, Americans live up to the stereotype of being culturally ignorant. Only 20 percent of Americans have passports, almost half cannot locate the Pacific Ocean on a map and the United States is one of only a few countries in which someone can be considered well-educated without speaking a foreign language, said Windham… Continue Reading Cultural cluelessness on both sides of the pond

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Protecting intellectual property is akin to traveling by air, land or water. One can reach a destination by different or multiple means. Three panelists discussed the various ways to protect intellectual property during a Middle Market Entrepreneurs seminar at The Antlers Hilton. There are three types of patents available: utility, design or plant (as in… Continue Reading Don’t be a fool — protect everything that you create

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Remember, that’s ‘Herr’ to you

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Establishing relationships is essential to doing business in other countries, which is why a little local knowledge often can go a long way toward overcoming any cultural conflicts that might arise. Americans won’t buy something they don’t need, but Europeans will, said Matjaz Bren, affiliate professor at Regis University’s College for professional studies, and principal… Continue Reading Remember, that’s ‘Herr’ to you

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City starts business tax amnesty program

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City tax collectors have created an amnesty program to ease the tax burden for business owners who are delinquent – and bring in some much needed revenue for the city. Starting today, business owners who have not paid taxes have until Aug. 14 to enter an agreement that will allow them to pay a 6-percent… Continue Reading City starts business tax amnesty program

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Gov. Bill Ritter will sign a cyclist protection bill, Senate Bill 148, this evening at the Penrose Library in downtown Colorado Springs. The signing event is scheduled from 5:30 to 9 p.m. The bill, sponsored by Rep. Mike Merrifield and Sen. Greg Brophy, will require motorists to give cyclists at least three feet of space… Continue Reading Gov. Ritter to sign cyclists’ bill today in Springs

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Results of the banking stress tests shouldn’t be causing stress. While most reports call attention to the 10 banks that need additional capital, only one, GMAC, will need outside assistance. “The banking industry is well positioned to thrive even within the government’s theoretical doomsday scenario,” said Don Childears, CEO of Colorado Bankers Association. All 19 of the large… Continue Reading Stress tests don’t uncover doomsday results

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