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Economy: Outlook still positive, but infighting hurts

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

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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News split on economy and consumers’ views

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News split on economy and consumers’ views

Economic news released last week showed divergent signs about the national economy. On one hand, consumer confidence was increasing, but on the other hand, consumer spending was decreasing.  “I looked at that and scratched my head,” said economist Tucker Hart Adams of Summit Economics.  Consumer spending fell in July for the first time in six… Continue Reading News split on economy and consumers’ views

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Stormwater ballot issue the best solution

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The current hostility between Mayor Steve Bach and City Council is divisive, disruptive and counterproductive to the future well-being of Colorado Springs. It is inhibiting our community’s efforts to move forward economically because our city leadership can’t agree on a common game plan. It is seriously damaging our ability to repair long-neglected infrastructure because we… Continue Reading Stormwater ballot issue the best solution

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Springs’ economic preamble to our future

By Tom Binnings Summit Economics Colorado Springs has reached a critical moment in its economic history. This moment is similar in profile to the city’s founding in the 1870s, the Gold Rush around 1900, then World War II followed by the Cold War, and finally the growth of high-tech manufacturing and information technology in the… Continue Reading Springs’ economic preamble to our future

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CPI increases only .1 percent

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CPI increases only .1 percent

Inflation is holding steady, according to the U.S. Department of Labor Bureau of Labor Statistics. The Consumer Price Index (CPI) of all items rose only 0.1 percent from one month ago, and 2 percent from one year ago. Economists factor the CPI by comparing prices of goods and services over a period of time –… Continue Reading CPI increases only .1 percent

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Local commercial market continues slow ascent

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A Colorado Springs-based real estate firm’s quarterly report indicates that the local commercial market continues to lag behind many others in its climb to pre-recession health. Quantum Commercial Group LLC’s second-quarter market report showed vacancy rates are down in the office and retail submarkets, while they remain flat for industrial space. Quantum also reported that… Continue Reading Local commercial market continues slow ascent

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