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The biggest change coming in the local sports scene next year involves one of the biggest sports organizations in the world: The U.S. Olympic Committee is preparing for a series of events that will boost its profile in the Springs, as well as globally. “We have a nice list of premier events on tap,” said… Continue Reading 2011 Forecast: USOC promises higher profile in new year

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2011 Forecast: Hoping for a return of lending

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Although lending is not likely to increase dramatically, there is some hope that 2011 will mean better things in the banking world. The healthiest local banks — 5 Star Bank, The Bank at Broadmoor, Central Bank and Trust, and FirstBank — are staying the course, maintaining capital levels and working through whatever bad loans they… Continue Reading 2011 Forecast: Hoping for a return of lending

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After years of a down market, hoteliers anticipate a better year in 2011. A full recovery isn’t in the cards but most in the hospitality industry expect increases in occupancy rates and room rates. Two international events slated for summer and new to Colorado Springs will bring tens of thousands of visitors and spectators to… Continue Reading 2011 Forecast: Occupancy firming, room rates to rise

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The last two years have been tumultuous for the U.S. space industry, but things are expected to calm down a bit in 2011 — even as Congress cuts programs and budgets. Some very large companies are preparing for more austere times by offering early retirement to senior staff members, said Brenden Curry, vice president of… Continue Reading 2011 Forecast: A brighter outlook for space economy in Colo. Springs

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Big decisions will be made in the health care industry in 2011, both on the local and national stage. Locally, voters will decide the future of Memorial Health System. The City Council is moving ahead with plans for an April ballot issue that will create an independent, nonprofit instead of a municipally owned hospital system.… Continue Reading 2011 Forecast: A decision, finally, on Memorial Health System

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Charitable contributions at some nonprofits are up; at others, it’s down. That’s why the 2011 forecast for the nonprofit arena is mixed. Demand for services has increased — especially at organizations that help low-income or unemployed people. At Pikes Peak United Way, for instance, demand is higher than it’s ever been at the 2-1-1 Call… Continue Reading 2011 Forecast: Some cautious optimism at nonprofits

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When the EL Paso County Trustee’s office released its November foreclosure numbers, the month-over-month increase of 10.5-percent was not the only troubling statistic. The data also showed that 2010 will likely be the second worst year for foreclosures on record, and County Trustee Thomas Mowle doesn’t expect enough job growth in 2011 to offset the… Continue Reading With job market slow, forecast is for more foreclosures

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A group of business leaders is in a race against the clock to win Colorado Springs a spot in a federal pilot program that would allow homeowners to obtain low-interest loans for energy-efficiency improvements. The program, its advocates say, has the potential to stimulate economic growth and brand the city as a bastion of green-energy… Continue Reading Loan program aimed at creating jobs, saving energy

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Employment picture brightening despite calls to cut defense spending nationally While defense contractors throughout the nation are bracing for spending cuts from Washington, the outlook for hiring in Colorado Springs appears largely positive. Defense giants like Boeing, ITT Services and Northrop Grumman predict no downturn in their Colorado Springs employment picture, and smaller companies like… Continue Reading Springs defense contractors hiring by the hundreds

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A recent Deloitte report on the economic impact of the U.S. Olympic Committee on the Pikes Peak region included some impressive and well-publicized figures. According to the study, the USOC and 22 National Governing Bodies located in Colorado Springs account for 2,158 jobs, $215 million in yearly spending and earnings, brought 111,000 tourists to the… Continue Reading USOC branding potential for city ‘largely untapped’

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