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Biotechs might compete for business grants

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Legislation passed the House of Representatives this week that will allow companies financed by venture capital to compete for Small Business Innovation Research grants. That’s welcome news for biotech companies, which usually spend decades and billions of dollars on research. If Congress approves the measure, it will mark the first time in six years that the… Continue Reading Biotechs might compete for business grants

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WASHINGTON (AP) – The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs. Continuing claims, meanwhile, unexpectedly jumped to a record-high. While layoffs are slowing, jobs remain scarce and the unemployment rate is… Continue Reading Jobless claims at lowest level since January

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You’re smart and avoided the holiday crowds by going on vacation this weekend or next. But while you’re getting the oil changed and checking the air in the tires – don’t sing like a canary and tweet your plans. It’s akin to hanging a sign on the front door: Headed to Vegas, house vacant, have… Continue Reading Social media serving as advertisement for burglars

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The City of Colorado Springs is offering federal grant money to residents who make home energy efficiency upgrades, such as replacing windows or adding attic insulation. Awards vary, and the money is available on a first-come, first-served basis. To be eligible for the program, property owners must occupy the property, live within the City limits… Continue Reading Grant money offered for home energy efficiency upgrades

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Perry Sanders says that his plan to convert three downtown office buildings into a boutique hotel that would include upscale bars, restaurants, a health club and penthouse suites is ready to move forward. Continue Reading New downtown hotel plans moving forward

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The Associated Press WASHINGTON – The nation’s hospitals will give up $155 billion in future Medicare and Medicaid payments to help defray the cost of President Barack Obama’s health care plan, a concession the White House hopes will boost an overhaul effort that’s hit a roadblock in Congress. Vice President Joe Biden announced the deal… Continue Reading Hospitals to give back billions as part of health care deal

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The Colorado Housing and Finance Authority has rolled out a new program that reduces a homeowner’s federal tax. First-time homebuyers may use the Mortgage Credit Certificate program if they finance with a long-term fixed-rate mortgage. And homeowners who purchased a home that was financed with an adjustable-rate mortgage between Dec. 31, 2001 and Jan. 1,… Continue Reading New program reduces homeowners’ federal tax

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Colorado’s  Procurement Technical Assistance Center , which will be based in Colorado Springs, is scheduled to open this fall. Until Colorado received the PTAC approval, the closest procurement help center was in Wyoming. The Springs office is scheduled to open sometime during September or October. Paid for by a combination of state, local and federal dollars,… Continue Reading State PTAC office to open in Springs this fall

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El Paso County’s foreclosure rate for May was 1.6 percent – up 0.4 percentage point compared to May 2008 when the rate was 1.1 percent. Based on its latest report from First American CoreLogic, the Pikes Peak region’s foreclosure rate was still lower than the national rate of 2.5., representing a 0.9 percent increase on… Continue Reading El Paso County foreclosure rate lags national average

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The Associated Press NEW YORK – A banking group says consumer loan delinquencies rose to another record high in the first quarter. The American Bankers Association says a continued rise in unemployment has been the main culprit for the continued rise in delinquencies. The trade association said today the composite delinquency rate among eight types… Continue Reading Consumer loan delinquencies continue to rise

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