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Entries posted by staff.writer

Small firms’ economic confidence strong

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Small-Business Optimism Index September, 2007 compared to previous month Plan To Increase Employment 14 -1 Plan To Increase Cap. Outlays* 29 2 Plan To Increase Inventories 0 4 Expect Economy To Improve 2 2 Expect Higher Real Sales 14 1 Current Inventory Satisfaction -3 -1 Current Job Openings* 25 0 Expected Credit Conditions -10 -1… Continue Reading Small firms’ economic confidence strong

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2008 construction bills to be even bigger

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Material and labor cost increases for construction are expected to be larger in 2008 than in the past 12 months, The Associated General Contractors of America said. AGC, a trade group, made the announcement today in its fifth Construction Inflation Alert, warning owners, budget setters and contractors of the expected higher costs. “Nonresidential construction has… Continue Reading 2008 construction bills to be even bigger

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Colorado-based MolsonCoors and SAB Miller PLC, the brewer of Miller Lite, said they will combine their U.S. brewing operations in an effort to compete against industry leader Anheuser-Busch. The joint venture will be known as MillerCoors and will have responsibility for brewing and selling brands including Miller Lite, Miller Genuine Draft, Coors, Coors Light and… Continue Reading Coors, Miller team to fight Budweiser on beer-market battlefield

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The Fourth Judicial District has an opening for a volunteer for the Judicial Performance Commission, which critiques judges seeking reelection. All but one of the positions will be vacant when current commissioners’ terms end Nov. 30. The positions are appointed by the Colorado Supreme Court Chief Justice Mary Mullarkey. The position in the district that… Continue Reading Volunteer sought for Judicial Performance Commission

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Mortgage industry employment down – way down

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Mortgage and subprime lenders have announced nearly 70,000 layoffs in the first three quarters of 2007, according to Challenger, Gray & Christmas Inc., which tracks corporate job cut announcements. That’s a more than five-fold increase from the 12,874 announced job losses in mortgage lending tallied by Challenger in all of 2006. “The heaviest job cutting… Continue Reading Mortgage industry employment down – way down

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Pam Keller named EDC chairwoman

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Pam Keller, executive vice president of sales and marketing for Keller Homes has been appointed to serve as chairwoman of the Colorado Springs Economic Development Corp.’s board of directors. Keller replaces Steve Schneider, who will serve as an ex-officio board member. Also, George Hess, president of Vantage Homes Corp. and Fred Veitch, vice president, Nor’wood… Continue Reading Pam Keller named EDC chairwoman

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National and local economists have gloomy predictions for this year’s holiday shopping season. “I’m predicting that spending will be soft at best,” said local economist Tucker Hart Adams. “Consumers are up to their ears and eyeballs in debt. The only thing that’s going to make them spend a lot this year is some kind of… Continue Reading City might need miracle on Tejon Street this shopping season

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Lockheed Martin awarded contracts

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Lockheed Martin-Integrated Systems and Solutions of Colorado Springs has been awarded a contract installment of $25.5 million based on a longer-range 15-year contract valued up to $2.5 billion. Each year, up to $110 million is allocated toward the total contract, according to Peterson Air Force Base purchasing officials. The defense contractor is responsible for providing… Continue Reading Lockheed Martin awarded contracts

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Million Air is bringing their luxury service to private jets. The red carpet treatment will soon be available for those flying private aircraft into Colorado Springs. A Houston-based company owned by Scott Monroe has chosen the city for its newest fixed base operation franchise. The $3 million facility will be located on the west side… Continue Reading $3 million luxury fixed base operation planned for Springs airport

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Utilities rate hikes on tap for 2008

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Average monthly residential utility bills based on second quarter 2007 data Loveland $112.76 Colorado Springs $116.00 Pueblo $129.61 Gunnison $135.29 Glenwood Springs $151.64 Grand Junction $155.98 Denver $157.18 Greeley $163.10 Colorado Springs Utilities is proposing rate increases for wastewater disposal and natural gas use during 2008. No change is proposed for electricity and water rates.… Continue Reading Utilities rate hikes on tap for 2008

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