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Black Friday, the day after Thanksgiving, earns its moniker for what it typically does for retailer’s ledgers. It’s the date most store owners watch their year’s bottom line turn from red to black. So it only makes sense that a growing number of retailers would ask themselves, why not skip the slow-sales months altogether, open… Continue Reading Retailers increasingly turn to ‘pop up’ holiday stores

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Colorado Springs: The Mecca of the radical Christian right. Colorado Springs: Politically and philosophically dominated by religious nonprofits. Colorado Springs: Economically driven by those same nonprofits. Like it or not, that’s they city’s national image. Whether it’s wholly or even partly accurate is another question. The economic impact of locally headquartered national religious nonprofits is,… Continue Reading Waning fast: Economic strength of religious nonprofits

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There’s good news on the hospitality front: Group and convention business has been gaining traction this year, far exceeding expectations, and is expected to get even better next year. Last year at this time, the outlook was dismal. Instead, demand has increased sooner than most people predicted. The fourth quarter is looking strong or steady… Continue Reading Hotels’ convention business getting back up to speed

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Why this is a good time to gobble banks

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Mergers and acquisitions in the banking world are expected to rise in the next year after a period of relative quiet brought on by the recession. And in some people’s minds, there may never be a better time to buy a bank. In a typical year, there are about five to seven bank mergers in… Continue Reading Why this is a good time to gobble banks

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Begging for government help was definitely out of the question. Continue Reading COPPeR paints a blueprint for enlivening the local arts

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Academy Boulevard got a welcome boost in the 1980s when the Mission Trace Shopping Center opened. For the first 15 years or so, the 289,000-square-foot retail center, featuring the area’s first bank, Kentucky Fried Chicken, Dos Hombres Restaurant and busy King Soopers, attracted thousands of shoppers daily. It soon became the place to shop in… Continue Reading Renovation gives second life to Mission Trace Center

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Primary job growth led by manufacturing sector

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A few dozen primary employers in the Pikes Peak region are slowly but surely shoring up their ranks. Despite a grim-sounding unemployment rate of 8.9 percent, El Paso County actually added 4,700 jobs between January and July. Not only that, but more than two-thirds of them were goods-producing jobs, which benefit the economy far more… Continue Reading Primary job growth led by manufacturing sector

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Judgment day is fast approaching for Neumann Systems Group and its technology, which purports to clean sulfur dioxide emissions in coal-fired power plants. Next month, Colorado Springs Utilities will make a final recommendation — a “go or no go” — on whether to move forward with the technology, said Drew Rankin, general manager of energy… Continue Reading Neumann Systems’ emissions tech awaits green light

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If there’s a simple truth about money for major Colorado transportation projects, it’s this: There isn’t much of it. “It’s the worst it’s ever been,” said Craig Casper, the chief transportation engineer for the Pikes Peak Area Council of Governments. “And I have records going back to 1967.” PPACG is the region’s metropolitan planning organization.… Continue Reading Bumpy road ahead for road construction projects

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Are banks hoarding cash and refusing to make loans? A lot of business owners think so. So does the Obama administration, which claims banks are slowing the economic recovery by not lending as much as they could. Talk to the bankers themselves, however, and they’ll say the borrowers they’re seeing don’t qualify, that loan demand… Continue Reading Healthiest of banks fall short of lending benchmarks

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