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Corporations still giving despite economy

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The slowing economy hasn’t stopped the nation’s largest corporations from giving to charity – many of them have actually increased their giving, according to the Committee Encouraging Corporate Philanthrophy. Despite the challenging economic backdrop that has 63 percent of companies reporting a decline in profit during 2008 – more than half of them still increased… Continue Reading Corporations still giving despite economy

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People who were laid off between September 2008 and February 2009 qualify for a federal subsidy that will pay 65 percent of Colorado state continuation of health insurance premiums. Gov. Bill Ritter signed a bill June 1 that makes sure employees have a “second chance” to keep insurance benefits through the federal program. In Colorado, employees who leave… Continue Reading New law allows ‘second chance’ to keep health insurance

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The Small Business Awards program and luncheon is scheduled from 8 a.m. to 1 p.m. June 18 at the Crowne Plaza Hotel, 2888 S. Circle Drive. The event, presented by the Small Business Development Center and the Better Business Bureau, acknowledges local small businesses and their contributions to the economic well-being of the community. The Small Business Person… Continue Reading Business tips, awards and sustainability all part of small business program

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Not surprisingly, construction employment declined in most metropolitan areas from April 2008 to April 2009, which has prompted some to say it’s high time to use stimulus money to help the issue. Ken Simonson, chief economist for Associated General Contractors of America, said the data shows a need for the federal government to move quickly… Continue Reading Construction job decline cries for stimulus money

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Local NFIB scholars named

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Among this year’s National Federation of Independent Business Young Entrepreneur Foundation scholarship winners in Colorado are seven local students. The YEF award winners are: • Jessica Hooker of Peyton, $1,000, Mitchell High School • Rebekah Hoover of Peyton, $1,000, Peyton High School El Pomar/YEF winners: • Justin Belanger of Colorado Springs, $2,000, Thomas P. Doherty High School… Continue Reading Local NFIB scholars named

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The SportsBusiness Journal reported today that Bank of America has ended its 16-year sponsorship of the United States Olympic Committee. The bank is the third major sponsor to leave the USOC during the last 18 months. Home Depot and now-bankrupt General Motors have also withdrawn. A spokesman for Bank of America attributed the company’s decision to… Continue Reading Bank of America terminates USOC sponsorship

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WASHINGTON (AP) – The number of U.S. homebuyers who agreed to buy a previously occupied home took the largest monthly jump in nearly eight years in April, but there are still plenty of danger signs for the U.S. housing market. Home sales appear likely to head upward this summer, potentially to levels not seen since… Continue Reading Pending home sales rise 6.7 percent in April

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Mayor Lionel Rivera touted the city’s economic development victories, warned of tough economic decisions ahead and downplayed problems with the U.S. Olympic Committee development agreement during his State of the City speech today. He said keeping the USOC in Colorado Springs would bring new shops, restaurants and tens of thousands of sporting fans to the city.… Continue Reading Mayor: Don’t worry about USOC, worry about city budget

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A Colorado man is accused of bilking more than $10 million from investors through an elaborate multi-state Ponzi scheme. The Statewide Grand Jury indicted 30-year-old Jason T. Brooks on 24 counts of securities fraud and theft. According to the indictment, Brooks solicited and accepted more than $10 million from investors in Boulder, Broomfield, Larimer and… Continue Reading 30-year-old indicted for Ponzi scheme that netted millions

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While most state’s economic growth slowed last year, Colorado’s growth of 2.9 percent remained comparatively strong, ranking fourth in the nation. North Dakota ranked first with 7.9 percent growth, Wyoming second with 4.4 percent and South Dakota third with 3.6 percent. Real GDP growth slowed in 38 states, with downturns in construction, manufacturing, and finance… Continue Reading Colorado economic growth comparatively strong in 08

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