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The Colorado Springs Chamber of Commerce and the Colorado Springs Economic Development Corp. will release a “press advisory” tomorrow for a major announcement. The two groups also plan to hold a press conference Tuesday – time and date to be set later – for a major announcement. Original plans for a Friday press conference were… Continue Reading Chamber, EDC to make ‘positive’ announcement next week

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Donna Nelson is the city’s new economic vitality specialist, a position that replaces the city’s traditional economic development efforts. Continue Reading City opts for vitality over economic development

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Rising stock prices push oil near $88 a barrel

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Oil rose Wednesday on renewed optimism about the U.S. economy, as traders took their cue from higher stock prices. Benchmark West Texas Intermediate crude for September delivery rose $1.25 to $87.89 per barrel in midday trading on the New York Mercantile Exchange. Brent crude, which is used to price many international oil varieties, increased by… Continue Reading Rising stock prices push oil near $88 a barrel

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U.S. automakers rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewer single-family houses, leaving home construction at depressed levels. The mixed data suggest the economy remains fragile but is not on the cusp of another recession. Overall industrial production, which includes output by utilities,… Continue Reading Automakers rebound in July to lift factory output

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For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened “doomsday” defense cuts hit close to home. The six Republicans and six Democrats represent states where the biggest military contractors — Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. — build missiles, aircraft, jet fighters and tanks while employing tens of… Continue Reading ‘Doomsday’ defense cuts loom large for select 12

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Fountain demand for business going unmet

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The City of Fountain, roughly 13 miles south of Colorado Springs, is on the precipice of a population boom, and it wants more businesses — now. Fountain Valley’s population, which includes Security and Widefield, is around 88,000, and city officials expect that number grow 14 percent by 2014, when troops return to neighboring Fort Carson… Continue Reading Fountain demand for business going unmet

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U.S. Senator Mark Udall says there is no reason to worry about the use of hydraulic fracturing to free up oil and gas deposits if it’s done properly. Hydraulic fracturing, or fracking, involves injecting vast amounts of water and chemicals to open deeply buried gas formations. People living near drilling areas have complained about water… Continue Reading Udall says oil and gas fracking safe

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The way Doug Price sees it, a city slogan or brand will help Colorado Springs tell its story. Continue Reading Colo. Springs shopping for its brand

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