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As the tourism industry starts to take stock of the damage from the Waldo Canyon fire, another sector of the Springs economy is bracing for a firestorm of a political nature — sequestration legislation that could cut billions more from aerospace and defense companies. About 45 percent of the Springs’ economy comes from defense contractors… Continue Reading Defense industries track possible budgetary cuts

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When Mike Scialdone took the job as CFO of Memorial Health System four years ago, he said the hospital’s community connection was the attraction. That connection has been at the center of more than two years of debate about the future of the hospital He weathered the controversial exit of CEO Larry McEvoy and was… Continue Reading Scialdone guiding Memorial during uncertain times

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A local dentist is offering dental assistant classes through a national program — bringing the “Assist to Succeed” curriculum to Colorado Springs for the first time. Dr. Ken Gasper said he became part of the national program because he’d hired dental assistants without the right skills to do the job. It was, he said, a… Continue Reading Dentist makes it easier for assistants to be certified

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The University of Colorado Hospital is a success story — and Colorado Springs is hoping a lease agreement and partnership with UCH will make Memorial Health System into one, too. UCH’s list of successes is long. It’s a $900 million-a-year enterprise, employing 4,100 people, ranked among the top 5 percent of the nation’s hospitals for… Continue Reading UCH brings run of recent successes into MHS lease

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The line to check in at the Crowne Plaza in Colorado Springs was 50 people deep. They were in town for the USA Hockey convention, and no one seemed to mind the wait as they chatted away about hockey and got reacquainted after meeting at previous years’ conventions. When they finally made it to the… Continue Reading In Colorado Springs, conventions are big business

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Later this month the Colorado Springs Urban Renewal Authority will vote on a complex incentives package for a proposed data center in southeast Colorado Springs. If built, the project will include up to 10 buildings totaling 800,000 square feet. Aggregate private investment: nearly $1 billion. Projected power requirements: 100 megawatts. Political impact: The project depends… Continue Reading Keeping Drake could be essential to data center plans

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Colorado Springs Utilities engineer Steve Doty has been called the Galileo of energy management, and he has used that expertise to create a degree program at Pikes Peak Community College. The Energy Management Technology Program, leading to a two-year associate’s degree, trains students to take on the field work resulting from design and analysis needed… Continue Reading New PPCC program to develop conservation specialists

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The push and pull of business mediation

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In the case of small business vs. disgruntled customer, the courts cannot rule on hurt feelings. Continue Reading The push and pull of business mediation

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No budding entrepreneur wants to go down in flames over a misunderstanding of the tax code. But, it happens, local experts say. CPA Etienne Hardre, owner of Next Exit Advisors, watched a startup company go bankrupt because its owner made a fatal payroll tax mistake when it classified workers as independent contractors instead of employees.… Continue Reading Entrepreneurs: Beware costly, even fatal, tax mistakes

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If Al Capone were alive today, he wouldn’t need a gang of armed thugs, only a computer, an Internet connection and a couple of good hackers in order to sock away millions in stolen cash and credit cards. He would also get away with a few patents, copyrights and inventions. The international cyber mafia has… Continue Reading Cyber thieves targeting small, large businesses

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