Engineers at PMC-Sierra, which officially opened its semiconductor design office in Colorado Springs this week, showed off the small semiconductor devices that power the Internet to a group of local business leaders. The devices are smaller than a business card and can require 18 months to two years and from 40 to 100 engineers to [...]
Continue reading …Better-than-expected economic growth and strong home sales in the U.S. are pushing the dollar higher against most major currencies. The Commerce Department said that the economy grew at a 1.7 percent annual rate in the April-June quarter. That’s better than its initial estimate of 1.5 percent. Separately, the National Association of Realtors said that its [...]
Continue reading …Colorado exported 18 percent more agricultural goods in the first six months of this year than it did in the first half of 2011. Agricultural exports make up a significant portion of the state’s overall exports, according to a release from the state. And through the first two quarters of this year, Colorado has exported [...]
Continue reading …Colorado Springs unemployment figures remained unchanged in July, according to preliminary data from the Colorado Department of Labor and Employment. The area’s unemployment rate is 9.8 percent, higher than the state’s average of 8.3 percent. Colorado’s unemployment rate went up .1 percent in July from the previous month. The state’s labor department said the increase [...]
Continue reading …Colorado merchants increased exports by 12 percent in the first half of the year, growing from $3.5 billion in 2011 to $3.9 billion this year, said the International Trade Administration. The growth topped the 7 percent national average for merchandise export growth for the same period, the group said. “Exports are an increasingly important part [...]
Continue reading …By the Associated Press The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression. Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, [...]
Continue reading …South of Colorado Springs and cheek-to-cheek with Fort Carson, plans are brewing for a new commercial development on more than 100 acres in Fountain. The proposed center could take off quickly in the quiet suburb that’s eager to grow up. Fountain’s commercial centers have been a flurry of activity with intense growth even through one [...]
Continue reading …In an State of the City address that was part pep rally and part campaign speech, Mayor Steve Bach set one concrete goal for his administration: to create 6,000 new civilian jobs next year. “That’s how many we need to achieve full employment,” he said. “We’ve created 627 in 2012, so we have set a [...]
Continue reading …If you think the Chamber will be different following its merger with the EDC, it will. The Greater Colorado Springs Chamber of Commerce, which champions small businesses, is now married to an organization that champions large-scale and manufacturing businesses, the Colorado Springs Regional Economic Development Corp. And like any marriage, there’s going to be compromise. [...]
Continue reading …Hype is building for the 2012 Colorado Springs Excellence in Local Industry Awards and who will be named the best of the best. Organizers of the annual awards program — which highlights both companies with social or environmental impacts, and businesses on the verge of technology innovation — are taking nominations now to Aug. 17. This [...]
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