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Growth, progress have their down sides

Is Colorado Springs finally emerging from its long economic funk? Are we at last moving forward into the broad, sunlit uplands that Winston Churchill believed awaited England once Nazi Germany was vanquished? It took England decades to shake off the wounds of war, shed its colonial empire, restructure social and political institutions and build a… Continue Reading Growth, progress have their down sides

Report: State of region improved in Q4

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The Pikes Peak region saw both ups and downs during the fourth quarter of 2014 as the economy continued to climb slowly from recession-era lows, according to a report by the Southern Colorado Economic Forum. The report’s primary component, the Business Condition Index, indicated that the “local economy performed well during the fourth quarter, which… Continue Reading Report: State of region improved in Q4

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UMB: 2015 economy will continue its climb

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UMB: 2015 economy will continue its climb

The national economy this year will continue to improve, following the slight upward trend of the 2014 economy, according to a certified financial planner with UMB Financial Corp. Business owners remain optimistic and will spend more money and hire more people this year, predicted KC Mathews. Mathews, executive vice president and chief investment officer at… Continue Reading UMB: 2015 economy will continue its climb

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Report: Business confidence grows into 2015

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Report: Business confidence grows into 2015

The confidence of business leaders in Colorado continues to grow into the new year, according to University of Colorado Boulder’s Leeds Business Confidence Index. The university’s Leeds School of Business reported that business confidence appears at its strongest since the index was introduced 11 years ago, according to a news release sent by CU. The… Continue Reading Report: Business confidence grows into 2015

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GDP grows by 5 percent in third quarter

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GDP grows by 5 percent in third quarter

Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 5 percent in the third quarter of 2014, according to the “third” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP… Continue Reading GDP grows by 5 percent in third quarter

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Political disputes only serve to discourage economic growth in the Pikes Peak region, said economist Tom Binnings, senior partner with Summit Economics. “I hear this a lot through the business community, prospects through the Regional Business Alliance, that our local political environment is not conducive to community economic development,” Binnings said last week at U.S.… Continue Reading Economy: Outlook still positive, but infighting hurts

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Colorado Springs lodging numbers up from 2013

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Colorado Springs lodging numbers up from 2013

Colorado Springs’ lodging occupancy rate increased by 3.3 percent over 2013, year-to-date, according to the Colorado Hotel and Lodging Association’s Rocky Mountain Lodging Report. The rate, which is just below 66 percent, is below the state average occupancy rate of 71 percent, however. The highest reported occupancy rate was Loveland at 81.1 percent. The lowest reported… Continue Reading Colorado Springs lodging numbers up from 2013

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RBA honors Murphy as Business Citizen of the Year

Chuck Murphy, who has had a major impact on the Colorado Springs economy as well as historical preservation in the area for a half-century, won an honor Saturday night that recognized his lifetime of efforts and achievements. Murphy was named Business Citizen of the Year for 2014 by the Colorado Springs Regional Business Alliance, capping… Continue Reading RBA honors Murphy as Business Citizen of the Year

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Payroll jobs see August increase

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Nonfarm payroll jobs increased 14,600 over the month from August to September, to nearly 2.5 million jobs, according to a Department of Labor and Employment survey of business establishments. Private sector payroll jobs increased 14,700 and government decreased 100 over the month. Colorado has had 35 consecutive months of payroll job gains. According to the survey… Continue Reading Payroll jobs see August increase

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Security-Widefield tries to fill vacancies

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Security-Widefield tries to fill vacancies

Carole Jackson of Security Florist used to bring her older flowers to the adjacent Dad’s Kwik Inn Diner at the end of each week. There her colorful contributions would adorn the tables. “We used to get customers often because of them,” she said of the now-vacant building at 385 Main Street in Security. According to… Continue Reading Security-Widefield tries to fill vacancies

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