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The Greater Colorado Springs Chamber of Commerce and the Colorado Springs Economic Development Corp. have decided not to merge. The announcement came today after several months of discussion about the matter. While the two organizations have some overlapping goals, representatives said they decided against a merger in order to stay committed to their respective missions.… Continue Reading Chamber, EDC not merging

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Glass half full for CEOs

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CEO confidence in the U.S. economy fell again in the final quarter of 2007. A report from the Conference Board Measure of CEO Confidence shows executive optimism ratings have fallen to 39 – a score of less than 50 reflects a generally negative response from most CEOs. The last time the measure fell below 40… Continue Reading Glass half full for CEOs

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Penrose recognized for joint replacement

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Penrose-St. Francis Health Services has been designated a UnitedHealth Premium Total Joint Replacement Specialty Center for 2007-2009. The designation means that Penrose-St. Francis has met quality criteria based on nationally recognized medical standards. UnitedHealthcare developed the designation program to give its members information about total joint replacement hospitals meeting their quality criteria. The designation is… Continue Reading Penrose recognized for joint replacement

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Citibank to handle DoD travel cards

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The Department of Defense has chosen Citibank to provide travel charge card services for its members. Bank of America is the program’s current vendor, but Citibank will become the provider in November. The mandatory travel charge card provides benefits such as no interest charges, delayed late fees and insurance benefits. The DoD has 1.2 million… Continue Reading Citibank to handle DoD travel cards

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Small businesses seeking more credit

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More small businesses will seek to increase their loan levels or lines of credit during 2008. The latest nationwide Small Business Research Board survey released today shows that of the more than 450 owners and managers responding, 26.8 percent said they will increase the dollar value of their loan requests or raise the limit on… Continue Reading Small businesses seeking more credit

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Inflation at 17 year high, retail sales slump

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The Department of Labor reported this morning that the Consumer Price Index rose by 0.3 percent in December, slower than the 0.8 percent during November. Consumer prices rose by 4.1 percent during 2007, the biggest jump in 17 years, and up almost 60 percent from a 2.5 percent increase in 2006. The increase was largely… Continue Reading Inflation at 17 year high, retail sales slump

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Just as the cost of construction materials is beginning to rise again after leveling off through the third and fourth quarter, industry managers can expect a continued rise in diesel fuel prices, too. The Energy Information Administration’s report earlier this week that said the national average retail price of on-highway diesel was $3.33 per gallon,… Continue Reading Diesel fuel prices join building materials with price increase

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Lane closures on Powers Boulevard

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The Colorado Department of Transportation is conducting preventive crack sealing operations on Powers Boulevard (State Highway 21) in north El Paso County through the end of the month. Drivers can expect a right and left lane closure on northbound and southbound Powers between Woodmen Road and Briargate Parkway from 9 a.m. to 3 p.m. Mondays… Continue Reading Lane closures on Powers Boulevard

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Banning Lewis gets first resident today

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In a precursor of things to come, Banning Lewis Ranch’s first residents will move into their Northtree home today. Recently married, former Fort Collins residents Lucas and Veronica Fenske greeted development and city representatives at a press conference today before moving into their new home. The move-in follows six years of planning and preparation for… Continue Reading Banning Lewis gets first resident today

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New city manager addresses business leaders

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Speaking to more than 300 people at a breakfast sponsored by the Quality Community Group this morning at the Doubletree Hotel, recently hired Colorado Springs city manager Penelope Culbreath-Graft discussed her impressions of her new community and her plans for the future. While reluctant to be specific, citing her brief tenure, she touched on areas… Continue Reading New city manager addresses business leaders

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